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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.
A Peculiar Flavor of NFTs Is Thriving in China – One Regulators Can Abide
Unlike most non-fungible tokens, China’s “digital collectibles” are built on closed networks and designed to appease regulators who frown on trading and speculation.
Sino Global CEO on Web3 Gaming Investments
NFTs and token economics should accelerate adoption of games, but "they shouldn't be the central feature," Sino Global CEO Matthew Graham says. He explains the company's investment thesis in Web3 gaming.
Google’s $4B Fine May Threaten Web3 Protocols, Legal Expert Says
A court judgment ostensibly about anti-competitive restrictions by a Web2 giant may also send a warning to open-source developers, CoinDesk was told
Can Web3 Remake Hollywood?
The founders of ToonStar left comfortable jobs at Warner Bros. to make a bet on Web3 entertainment. Can they make fan-driven storytelling work where others haven't? Jeff Wilser tunes in.
What Is CC0? The Copyright Designation Buzzing in the NFT Space
Many NFT holders are hopeful about their digital assets' potential long-term value through intellectual property rights and a copyright designation known as CC0.
Web3 Developer Platform Alchemy Is Raising $12M for New Venture Capital Fund
It’s unclear what the funds will be used for, as Alchemy has a history of making investments through its venture capital arm and a separate grants program.
Solana COO on NFT Markets, Ethereum Merge, Network Stability
Solana-based non-fungible token (NFT) marketplaces are seeing booming sales volumes, although the wider NFT sector is down roughly 80% year-to-date. Solana Labs Chief Operating Officer Raj Gokal shares insights into the Solana ecosystem and how it differentiates from the competition. Plus, Gokal's take on the upcoming Ethereum Merge and Solana's Web3 mobile phone.
Here's What Solana's Saga Phone Looks Like
Solana Labs Chief Operating Officer Raj Gokal shows off Solana's Saga phone in CoinDesk TV's studio, saying it's "a flagship quality Android device but it's built with Apple quality hardware." Plus, he discusses how the Web3 phone stacks up against the new iPhone 14.
Venture-Capital Firm Northzone Raises $1B Fund for Fintech, Web3 Investments
Web3 is a "core sector" for the firm, one Northzone partner told the Block.
This San Diego Car Wash Is Using NFTs to Drive Up Demand
After adding digital collectibles to its list of membership benefits, Soapy Joe’s saw a spike in customers visiting multiple locations to collect them.
