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

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.

CoSoul NFT (Coordinape)

Web3

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.

"Themes and Variations" by Vera Molnar. (Sotheby's)

Consensus Magazine

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.

Atmosphere (Shutterstock/CoinDesk)

Web3

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.

(Artur Debat/Getty Images)

Web3

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.

Azuki Elementals (OpenSea)

Web3

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.

(BlackSalmon/Getty Images)

Consensus Magazine

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.

Disney CEO Bob Iger in a tuxedo on the red carpet in May 2023.

Web3

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.

Nextberries' digital designs (SYKY)

Web3

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.

Fableborne (Pixion Games)

Videos

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.

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