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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.
Circle to Let Merchants Pay for Customers' Gas Fees With Web3 Wallet Upgrade
Southeast Asian super-app Grab is currently piloting the new product to cover gas fees for its Singaporean users if they use NFT vouchers.
Web3-Powered File Management App Raises $1.5M to Offer Alternative to Google
Fileverse offers a decentralized file management and collaboration service, an alternative to centralized providers such as Google or Notion.
Crypto, Web3 Communities in Israel Establish Aid Fund
Crypto and Web3 communities in Israel are raising funds for Israeli citizens who have been displaced and are in need of humanitarian aid due to the outbreak of war with Hamas. MarketAcross Vice President of PR and Communications Orian Tal, along with CryptoJungle CEO and Crypto Aid Israel co-organizer Ben Samocha, share insights into the ongoing conflict and the donations they're receiving from the crypto community.
CertiK, Blockchain Code Auditor, Makes 'Strategic Workforce Adjustment' of 15%
Just last year, the company raised nearly $150 million of fresh capital. Now, as crypto winter drags on, it is cutting jobs, citing "evolving market dynamics."
Israeli Crypto Firms Scramble to Deal With War, in Between the Sirens
Few operational disruptions were reported, but some crypto employees were getting called up for reserve duty. Executives and developers coped with the stress of attending funerals, responding to security warnings and encountering supermarket shortages.
Ethereum Network 'Remains the Place to Operate as a Criminal,' Immunefi CEO Says
A new report from Immunefi, which is a bug bounty and security services platform for Web3, found that more than $1 billion was lost in crypto this year and more than $600 million was lost last quarter. Immunefi Founder and CEO Mitchell Amador discusses the details of the report and the outlook for DeFi.
Blackbird, Crypto Restaurant App, Raises $24M in Funding Led by A16z
The target audience is restaurant users, but the blockchain-based project comes with its own "Flypaper" and fungible FLY tokens.
Chainlink Unveils ‘Data Streams’ to Reduce Latency, Expands Decentralized Computing
The company launched Chainlink Data Streams and announced new decentralized computing capabilities.
Why Binance and Banking Giant MUFG Want to Issue Stablecoins in Japan
Binance Japan and Mitsubishi UFJ bank want to help with the country's Web3 ambitions by issuing stablecoins.
The Barrier to Mainstream Crypto Adoption Isn’t UX — It’s Product-Market Fit
Variant co-founder Li Jin argues that Web3's problems do not end at onboarding.
