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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.
Web3 Developers More Active Than Ever Despite Crypto Winter
New data shows the skyrocketing usage of two critically important Web3 libraries: Ethers.js and Web3.js. While the smart contract deployment rate dropped 45% mid cycle in 2017 and 2020, it has increased 50% since 2021. According to Tagus Capital Multi-Strategy Fund, this shows that "blockchain technology adoption continues strongly despite the drop in crypto prices."

Investor Identity Co. Parallel Markets Is Live with 70 Financial Institutions, Aims for Retail Growth
Parallel Markets' digital "Passport" aims to make it easier for customers to invest across traditional banking and Web3 platforms. Co-Founder and CEO Tony Peccatiello says the platform is now live with 70 financial institutions and the goal is to expand to retail users. He's joined by Head of Partnerships Suzanne Elovic live from I.D.E.A.S. 2022 by CoinDesk

Web3 Infrastructure Firm ChainSafe Raises $18.75M Series A
The oversubscribed funding round was led by Round13 and included participation from NGC Ventures, HashKey Capital, Sfermion and Jsquare

Ozzy Osbourne, Dillon Francis and Soulja Boy to Perform at Decentraland’s Metaverse Music Festival
The free four-day event aims to bridge the real world and Web3 to mutually benefit fans and artists.

ParaFi Capital Among Backers for Web3 Fashion and Lifestyle Platform YoloYolo
Yoloyolo, which connects NFT owners and brands to sell merchandise, raised $3.5 million in seed funding.

NFT Marketplace Magic Eden Moves to Optional Royalty Model
Solana’s top NFT marketplace is the latest platform to switch to a no-fee model, following in the controversial trend set by X2Y2 and others.

Here Are the Most Expensive NFTs Bought by Celebs – and What They're Worth Today
Celebrities have been putting millions into NFTs since the initial boom in early 2021. But with the decline in prices in both Ethereum and the overall NFT market, we looked into what their purchases are worth now.

Blockchain Bridges Keep Getting Attacked. Here's How to Prevent It
Crypto bridges are soft targets providing some of crypto's largest exploits this year.

Clixpesa Is Bringing Traditional Kenyan Investing Techniques to Web3
This Web3athon project aims to simplify payments in Africa and bring a regional community investment tool, called a Chama, to crypto.

Unstoppable Domains Exec on Future of Web3, Diversity in Crypto
Unstoppable Domains has partnered with CryptoConexión and H.E.R. DAO LATAM to create Unstoppable Women of Web3, which aims to onboard more than 5 million Latinas into the Web3 space by 2030. Unstoppable Domains SVP and Channel Chief Sandy Carter shares insights into the education initiative. Plus, her take on the future of decentralization and diversity in crypto.
