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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.
Fantasy-Sports Firm Sorare Looks to Increase Appeal by Diluting Crypto Association
While Sorare has over 5 million registered users, it is looking to fuel further growth by adding support for the U.S. dollar, euro and British pound.
Reddit Returns With New NFTs and Crypto Twitter Leaves Threads on Read
Reddit launched Gen 4 of its NFT Collectible Avatars while Amazon expanded its blockchain tools. Also, crypto influencers shared thoughts on Threads and indicated that they aren’t ready to leave Twitter just yet.
Meta Aims to Recharge Lagging Horizon Worlds Metaverse With New In-House Game Studio
The struggling VR platform reported losses of $3.7 billion in the second quarter, though CEO Mark Zuckerberg remains "fully committed" to the metaverse and AI.
Safary Co-Founder on Web3 Growth Landscape
Safary Club is out with a recent report exploring the state of Web3 growth startups. The data reveals more than $600 million has been raised across 71 companies. Safary co-founder Justin Vogel discusses the key takeaways, along with his outlook on whether Web3 is getting its marketing right.
Yuga Labs Hopes to Rile Up Its Bored Apes With Latest Otherside Demo
The NFT mega-company has been hard at work building out a virtual playground for its Web3 community, and its latest live demo is aimed at bringing Bored Ape Yacht Club holders back to the center of its universe.
Near to Help Colombian Web3 Social Network Blumer Build Token Infrastructure
Users will be able to convert Blumer tokens for other cryptocurrencies and withdraw to wallets.
Suku May Beat Musk to Crypto Twitter Payment Adoption
Last week, Web3 wallet Suku teamed up with Polygon to release a free open-edition NFT collection – during which users minted over 50,000 NFTs directly on Twitter.
Amazon Expands Web3 Reach With Cloud Tools That Help Blockchain Developers
The tech giant moves deeper into Web3 infrastructure with AMB Access and Query services for developers.
Palm Foundation to Scale Its Native Network to Support NFT Minting and Trading
In partnership with Consensys and Polygon Labs, the Palm Network will evolve to facilitate more efficient NFT minting and trading for its 1.7 million registered wallet addresses.
Animoca Brands Invests $30 Million in Crypto Payments Application Hi
In order to perform KYC on its users, hi will soon utilize a Proof of Human Identity solution that helps prevent bots from transacting on its layer 2 network.
