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Web3
Web3, or Web 3.0, represents the next generation of internet technology, integrating blockchain and cryptocurrencies into everyday online interactions. It's a decentralized online ecosystem where users have control over their data and transactions. Web3 is powered by blockchain networks, providing transparency, security, and trust. It's a key concept in the crypto world, involving various people, from developers and investors to everyday users. Companies are leveraging Web3 to create decentralized applications (dApps), offering users new ways to interact online. Crypto exchanges play a crucial role in Web3, facilitating the trading of digital assets and tokens that fuel the ecosystem. Web3 represents a paradigm shift, offering opportunities for investment, innovation, and the potential to reshape the internet.
Disney Lays Off Metaverse Team
Disney is in the process of laying off 7,000 staff in an attempt to control costs and develop what CEO Bob Iger calls a "streamlined" business. The cuts include its entire 50-person metaverse team. "The Hash" panel discusses whether or not this is a significant setback for corporate adoption of Web3.
Gucci, Yuga Labs Partner to Bring Luxury Fashion to the Metaverse
Gucci and Bored Ape parent Yuga Labs have signed a multi-year partnership to collaborate within Yuga Labs' Otherside metaverse and its 10KTF collection to explore collaborative opportunities between Web3 fashion and entertainment. "The Hash" panel discusses Gucci's latest Web3 push bringing luxury digital fashion into the metaverse.
Salesforce Partners With Polygon for NFT-Based Loyalty Programs
Leading customer relationship management (CRM) software company Salesforce has teamed up with Polygon Labs to help clients develop loyalty programs based on non-fungible tokens (NFTs) on the Polygon blockchain. "The Hash" panel discusses what this means for the future of Polygon and Web3.
Animoca Brands' Yat Siu on Web3 Developments in MENA
Animoca Brands recently announced the backing of Nuqtah, Saudi Arabia's first NFT marketplace platform. Animoca Brands co-founder and Executive Chairman Yat Siu discusses the move and the state of Web3 developments in Saudi Arabia.
SVB Implosion Tanked NFT Trading Volumes, DappRadar Report Suggests
The day after the Federal Deposit Insurance Corp. took control of Silicon Valley Bank, there were only 12,000 active NFT traders, according to DappRadar. That's a number not seen since November 2021. Animoca Brands co-founder and Executive Chairman Yat Siu reacts to this report and discusses his outlook for the NFT market and the broader state of Web3. Plus, insights into Animoca backing Nuqtah, Saudi Arabia's first NFT marketplace platform.
Japan’s Web3 Era
Japan pushes for technology expansion in the Web3 space with the metaverse and NFTs. That story and other news shaping the cryptocurrency world in this episode of "The Daily Forkast."
Audius Launches NFT-Gating Feature to Incentivize Artist for Exclusive Content
Web3 music platform Audius said it’s implementing a non-fungible token (NFT) gating feature intended to allow artists to release exclusive content to NFT holders. This comes as streaming service Spotify is testing token-gated playlists. "The Hash" panel discusses Audius' continued blockchain push and the implications for the music industry.
Coinbase Starts ‘Wallet as a Service’ Business Allowing Companies to Build Into Their Own Apps
U.S. crypto exchange Coinbase is starting a "wallet as a service" business that will allow companies to customize blockchain wallets for their own customers. "The Hash" panel discusses Coinbase's latest offering helping companies "bring the next hundred million customers into Web3 through a seamless wallet-onboarding experience."
NEAR Foundation CEO on Protocol Starting ‘Blockchain Operating System’
Layer 1 blockchain network NEAR Protocol has launched a product-first operating system that developers can build into and users can interact on as a single platform. NEAR Foundation CEO Marieke Flament weighs in on the "Blockchain Operating System." The NEAR Foundation is a non-profit that oversees the governance and development of the NEAR Protocol. Plus, Flament predicts what the future of a "multi-chain" Web3 looks like and how gaming has already become one such use case.
WomenInDeFi Brand Strategist on Women In Crypto: Blockchain Gives us Opportunities
As part of International Women's Day, WomenInDeFi Brand Strategist Umeh Chinonye discusses how blockchain and Web3 technology are bringing more opportunities to women, particularly in Nigeria. "Blockchain give voices to the unseen," Chinonye said.