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

Harry Styles Concert App Takes Fans in More Than One Direction With Blockchain Rewards

At a recent concert, 5,000 of the pop star’s fans opened digital wallets through the EVNTZ app, paving the way for future blockchain-based rewards.

By Cam ThompsonJun 30, 2023

Harry Styles at Madison Square Garden. (Cam Thompson/CoinDesk)

Web3

Azuki Teases Anime Series, New Artwork After Missing the Mark on Elementals Mint

The team behind Azuki discussed ways to rebound after its community was left frustrated by the new Elementals NFT collection.

By Cam ThompsonJun 30, 2023

Opinion

Web3 Can Actually Compete in the Computer Chip Race

Decentralized infrastructure, aka DePIN, offers competitive alternatives for GPU-hungry AI startups in need of cheap and secure data storage and other computational resources.

By Amy James, Devon JamesJun 30, 2023

GPU prices have taken a toll, and it's hitting Nvidia's bottom line. (FritzchensFritz/Creative Commons, modified by CoinDesk)

Web3

Lacoste Expands Its NFT Ecosystem With New Rewards

The latest expansion of the Lacoste Web3 universe grants holders access to "creative sessions, contests, video games and interactive conversations."

By Rosie PerperJun 29, 2023

Web3

ApeCoin DAO Votes In Two New Special Council Seats, Replacing Alexis Ohanian and Yat Siu

The two new members will help the Special Council "administer DAO proposals and serve the vision of the community,"

By Cam ThompsonJun 29, 2023

(The British Library, modified by CoinDesk)

Web3

Gary Vaynerchuk-Backed Candy Digital and Web3 Production Company Palm NFT Studio Announce Merger

Working together under the Candy Digital name, the two firms will bring their digital experiences within sports, entertainment, arts and culture across major brands including MLB, NASCAR, Netflix and more.

By Cam ThompsonJun 29, 2023

Videos

Developer Six Clovers Launches Cross-Border Crypto Payments on Sui

Digital payment company Six Clovers is launching a new Web3 cross-border crypto payment system called the "Versal Network," which allows companies to transact in stablecoins and CBDCs. Six Clovers co-founder and CEO Jim Nguyen joins "First Mover" to discuss the launch and why they decided to build on the Sui blockchain.

Jun 29, 2023

Finance

Developer Six Clovers Rolls Out Cross-Border Crypto Payments on Sui

The Versal Network will allow companies to transact in stablecoins and central bank digital currencies.

By Oliver KnightJun 29, 2023

Payments network built on Sui (Steve Johnson/Unsplash)

Web3

Azuki ‘Elementals’ Mint Mishap Highlights the Fragile State of the NFT Market

From troubled mint mechanics to recycled artwork, Azuki’s latest NFT mint shows that even blue-chip projects are struggling to grow during a challenging bear market.

By Cam ThompsonJun 28, 2023

Web3

This Free-to-Mint Soulbound NFT Tracks Your Web3 Work History

Digital community platform Coordinape is rolling out CoSoul, which allows users to create a digital resume on-chain.

By Cam ThompsonJun 28, 2023