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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.
Nigerians Flock to Crypto as the Naira Weakens
Some Nigerians are turning to bitcoin (BTC) to hedge against the naira's drop in value amid a collapsing economy. Paxful Deputy General Counsel Jude Ogene and Africa Blockchain Institute Head of Research Oluwaseun Adepoju discuss the role of crypto as a potential tool for financial freedom. Plus, WomenInDeFi Brand Strategist Umeh Chinonye discusses the impact of Web3 and DeFi in Nigeria.

Hacker Steals Bill Murray’s Crypto After $185K NFT Charity Auction
The auction's original runner-up bidder has already offered to replace the stolen funds.

Web3 Is Still Censoring Sex Workers
Internet decentralization has not stopped the shadow-banning of sexual images, adult performers say.

Social Media Giant Snap Disbands Web3 Team Amid Mass Layoffs
The company, which reported its lowest growth numbers in five years during the second quarter, will lay off a fifth of its staff.

‘Beer With Bill Murray’ NFT Sells for $185K in ETH at Charity Auction
The NFT sold on Coinbase's NFT marketplace prompted a bidding war Wednesday in an effort to raise money for charity.

Stacked, the Web3 Version of Twitch, Raises $12.9M
Crypto-focused venture capital firm Pantera Capital led the fundraise.

An NFT Marketplace Is Letting Buyers Avoid Royalty Payments. Creators Aren’t Pleased
The popular NFT marketplace X2Y2 announced it will no longer make buyers pay royalties on certain NFT purchases, sparking debate on the importance of such payments to the industry.

NFT Collective Proof Raises $50M in Funding Round Led by a16z
The funds will help the company launch its latest Moonbirds NFT collection and a social platform for NFT collectors.

Crypto Community Remains ‘Hyper Positive’ Despite Market Downturn: Laguna Labs Founder
Laguna Labs founder Stefan Rust joins "All About Bitcoin" to discuss the state of crypto and Web3 development amid the recent market turbulence. The community that is building in the DeFi world is "hyper positive," Rust said.

Polkadot Parachain Moonbeam Integrates Cross-Chain Messaging Protocol LayerZero
Developing Web3 interoperability via cross-chain messaging has become a growing trend.
