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.


Finance

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.

Social commerce platform YoloYolo (YoloYolo)

Web3

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.

Magic Eden's booth at the Solana Hacker House in Miami, April 2022. (Danny Nelson/CoinDesk)

Web3

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.

(Bored Ape Yacht Club, modified by CoinDesk)

Opinion

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.

(Getty Images)

Layer 2

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.

(James Wiseman/Unsplash, modified by CoinDesk)

Videos

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.

Recent Videos

Videos

Fintech Cooling Ahead?

A report warns over consolidation, but sees some bright spots for blockchain and Web3 sector. Will there be light at the end of the tunnel for Bitcoin? That story and other news shaping the cryptocurrency world in this episode of "The Daily Forkast."

CoinDesk placeholder image

Web3

CoinShares Releases Experimental AI Bot That Tries to Calculate the Fair Price for an NFT

The digital asset management platform said the new tool aggregates different data sets to determine how much an NFT on OpenSea might be worth. But some users weren't happy with lower-than-expected numbers.

(Getty Images)

Videos

How Taiwan is Approaching Crypto Regulation

Taipei-based Forkast News Staff Writer Timmy Shen joins "Community Crypto" host Isaiah Jackson to discuss Taiwan's state of crypto affairs, including its measured regulation approach, retail central bank digital currency (CBDC) test, and Web3 initiatives for combatting cyberattacks.

Recent Videos

Web3

Despite Crypto Bear Market, Web3 Developers Are Still Building, Study Shows

A report from Web3 developer platform Alchemy shows the number of smart contracts deployed on Ethereum has increased by 40% since the end of the first quarter, despite ether’s 60% price plunge this year.

The number of smart contracts deployed on Ethereum has increased by more than 40% since the end of Q1, according to Alchemy. (Getty Images)