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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.
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.

Sotheby's to Launch On-Chain Generative Art Program Powered by Art Blocks Engine
The first sale on July 26 will honor generative art pioneer Vera Molnar, who is considered to be the first female digital artist.

Consensus Web3athon 2023 Reveals Its Winners
Six projects building on five blockchain protocols will take home over $200,000 in grants to help fund development.

Warner Music Group Partners With Polygon on Blockchain Music Accelerator
The chosen projects will receive funding from both WMG and Polygon Labs and will also be eligible for mentorship and networking opportunities.

Azuki 'Elementals' NFT Mint Sells Out in 15 Minutes, Raking in $38M
Existing Azuki and BEANZ holders got first dibs on minting the collection, which sold out before making it to public sale.

Web3 Infrastructure Firm Crossmint Launches Wallet-as-a-Service to Expand NFT Use Cases
The new API will allow users to create smart contracts and send NFTs via email, with the infrastructure to generate wallets for NFT collectors.

Los Angeles: Where Hollywood Magic and Creativity Meet Web3
The City of Angels is a global influencer in art, fashion and, especially, entertainment. Less known are its significant contributions in technology innovation. Taken together, the No. 11 spot on CoinDesk’s Crypto Hubs 2023 is a Web3 superpower. Plus it has the world's best movie stars.

Web3 Fashion Platform SYKY Launches Incubator for Emerging Digital Designers
The Seven Seven Six-backed SYKY platform will work with a group of 10 digital designers to grow their skills in the year-long incubator program.

Avalanche-Backed Web3 Gaming Studio Pixion Games Closes $5.5M Seed Round
The funds will go towards building out Fableborne, the studio’s flagship Web3 game.

Bitcoin Investment Sentiment Turns Bullish; Hut 8 Secures Up to $50M in Loans From Coinbase
"CoinDesk Daily" host Jennifer Sanasie takes a look at today's hottest headlines in the crypto industry. Digital asset investment products witnessed the largest single weekly inflows in a year - mostly dominated by bitcoin-related products, according to a report from CoinShares. Meanwhile, Hut 8 Mining (HUT) has secured up to $50 million in loans from Coinbase Credit to fund its operations, which includes closing a merger with US Bitcoin Corp. Plus, days after abandoning its proposed purchase of Prime Trust, BitGo CEO Mike Belshe said the cryptocurrency custodian has more acquisitions in the pipeline. And, the NEAR Foundation is joining Alibaba Cloud to accelerate Web3 growth in Asia and the Middle East.
