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.


Policy

Eth.link Restored After Ethereum Name Service Wins Injunction Against GoDaddy

The company behind the Web3 domain service and Virgil Griffith sued GoDaddy earlier this month, alleging the domain registration platform falsely announced eth.link had expired, and then sold it to a third party.

Ethereum Name Service's eth.link is back online after it was sold to a third party by GoDaddy earlier this year (ENS Domains)

Finance

Two Sigma Ventures Raises $400M for Two Funds, Plans Crypto Investments

The firm invests about 15% of its capital to crypto and Web3 projects

U.S. Dollars (Shutterstock)

Finance

Fortnite Developer Epic Games’ Marketplace Lists First NFT Game

Mythical Games’ Blankos Block Party became the first blockchain-based game to become available on the Epic Games Store.

Mythical Games' Blankos Beach Party launches on Epic Games Store (Mythical Games)

Learn

What Are Doodles? Everything You Need to Know About the Colorful NFT Project

From the NFT project's long-term utility to its creative partnership with Pharrell.

NFT collection Doodles on NFT marketplace OpenSea (modified by CoinDesk)

Videos

Binance-Linked BNB Chain Partners With Google Cloud to Advance Web3, Blockchain Projects

BNB Chain, a blockchain closely linked to crypto exchange Binance, is working together with Google Cloud to support the growth of early-stage Web3 and blockchain startups. “The Hash” panel discusses the strategic collaboration and the potential outcomes.

CoinDesk placeholder image

Layer 2

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.

"First Supper," exhibited through a projector at the 'Virtual Niche" exhibit in Beijing in April 2021. The artwork is composed of 22 pieces, each individually encoded as a NFT. (Eliza Gkritsi/TechNode)

Videos

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.

Recent Videos

Policy

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

The EU's General Court ruled against Google on Wednesday. (Spyros Arsenis/EyeEm/Getty Images)

Layer 2

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.

(Toonstar)