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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.
Web3 Games Funding Stabilizing at $1B in 2024
Web3 gaming is not seeing the $4 billion fundraising highs of 2022 to 2023, but data from Game 7 DAO shows that the sector has stabilized around $1 billion as it matures. Telegram is a new standout platform for game building. Plus, many are leaving Polygon for Immutable and Arbitrum. Check out 2024 Web3 game trends with CoinDesk Anchor Christine Lee on "Chart of the Day."
SEC Goes After Another Crypto Firm, Slaps Immutable With Wells Notice
The firm’s IMX token is down over 13% at $1.16 following the announcement.
Consensus Hong Kong 2025 Coverage
As Hong Kong Firms Downsize, Animoca Built a Workspace the Size of 10 Tennis Courts
As law firms and traditional finance companies cut back on office space, Yat Siu's Animoca is taking advantage of the renter’s market to expand its headquarters, reinforcing its commitment to Hong Kong as a global Web3 and digital culture hub.
Aggregation Is the Only Way to Unify Web3
Blockchains are stuck in silos, fragmenting liquidity and making for a clunky user experience. It's time to tear down the walls.
Fantasy Sports Company Sorare Charged With Providing Unlicensed Gambling Facilities in U.K.
Sorare was charged with violating the Gambling Act 2005 in the regulator's first move against a blockchain-based platform.
Bridging the Skills Gap: Preparing the Workforce for a Web3 Future
Companies have invested so much on education with a focus on trading, but have not turned their attention to the portion of the workforce that remains unfamiliar with the technology that will be responsible for creating, facilitating, communicating and operating Web3 products and services, says Kelsey McGuire, CGO, Shardeum.
Animoca's Timeline to Go Public Would Depend on the Market's Status: Yat Siu
“We are midway through the audit which is a critical piece of the IPO puzzle,” Siu told CoinDesk.
Investment Firm Lemniscap Raises $70M Fund Targeting Early Stage Web3 Projects
Lemniscap is targeting zero-knowledge infrastructure, consumer applications and decentralized physical infrastructure (DePIN).
Hamster Kombat Says It Skipped VC Fund Offers, Bashes 'Exit Liquidity' Behavior
The wildly popular Telegram game has apparently amassed millions of users since its April release.
Blackbird, Web3 Startup From Resy Co-Founder, Wants Diners to Pay for Meals in Crypto
Blackbird Pay would allow diners to pay for their food using $FLY, the cryptocurrency that doubles as loyalty points in Blackbird's restaurant rewards system.
