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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.
Coinbase Soars Amid Spot Bitcoin ETF Optimism; Former FTX Executive in the Hot Seat
“CoinDesk Daily” host Jennifer Sanasie discusses the hottest stories in crypto, including a closer look at why Coinbase's stock is jumping in the last 24-hours. Federal prosecutors in Manhattan are reportedly investigating a former FTX executive over possible campaign law violations. Algofi, the largest decentralized finance protocol on layer-1 blockchain Algorand, said it will shut down. And, a Web3 TV show helmed by the co-creator of “Rick and Morty” gets a premiere date.
Dan Harmon’s Web3 TV Show ‘Krapopolis’ Finally Gets Premiere Date
The animated show, helmed by the “Rick and Morty” co-creator, has already been renewed for a second and third season ahead of its September release.
What to Expect From EU’s Metaverse Strategy
The European Commission's metaverse strategy slated to drop later today could point the way ahead on some key Web3 issues like property rights, technological standards and privacy. Metaverse EU Editor Patrick Grady discusses what to expect from the proposal and the implications for AI.
Justin Sun on Hong Kong Outlook, State of Crypto Regulation
Hong Kong continues to draw in crypto enthusiasts by embracing Web3 and creating more transparent regulatory frameworks. TRON founder and Huobi Global Advisor Justin Sun discusses the outlook for crypto in Hong Kong, an update about the progress on securing Huobi's crypto trading license in the region, and his take on the U.S. crypto regulatory landscape.
"What Is ActivityPub?" Understanding the Social-Media Protocol Meta’s Threads Plans to Use
Meta’s launch of Threads has brought new interest in ActivityPub and how the social network protocol and the associated fediverse – including the Twitter-like Mastodon – work.
Starbucks Teams Up With Micah Johnson's Aku NFT Project
The next Starbucks Odyssey Journey will feature a Stamp "designed by Aku" and include a $100,000 donation to Blessings in a Backpack, a non-profit tackling food insecurity among children.
How AI Data Sets Work – And How Artists Can Collaborate With Them
For creatives, tackling machine learning requires an understanding of how to best feed it data and refine its algorithm to complement one’s artistic endeavors.
Collectors Are Bored of Apes and Don’t Want to Pay Royalties
The floor price for Bored Ape Yacht Club NFTs has sunk and creator royalty payments shrunk to their lowest in two years. Plus, Tom Brady’s sports collectibles site Autograph is reportedly moving away from crypto.
Is Justin Bieber’s Ape Really Worth $59,000? The Nuances of Valuing NFTs
While the floor price of Bored Ape Yacht Club is down, determining the value of an individual NFT in the collection requires a more nuanced understanding of floor price, rarity traits and cultural significance.
You Can Now Buy NFTs on Twitter Through Inspect's Browser Extension
NFT Inspect, which recently released a Chrome browser extension that analyzes NFTs used as Twitter profile pictures, is integrating MoonPay's payment solutions.
