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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.
GameStop Teams Up with The Telos Foundation to Grow Web3 Gaming Strategy
The leading game retailer will distribute Telos-based games on its forthcoming Web3 gaming launchpad, GameStop Playr.
Pixel Penguins, an NFT Charity Scam, Shows Dangers Of NFT Influencer Culture
Behind every PFP with thousands of followers on Twitter is a person. And in Web3, it’s not always best to trust one person’s word on whether or not to mint into an NFT collection.
NFT Artist Fewocious Reveals Upcoming Collection “Fewos”
The collection consists of 20,000 Fewos, which are characters in Fewocious’ Web3 universe Fewoworld, and will be available to mint in late August.
Sotheby's Second 3AC NFT Auction Includes Landmark Dmitri Cherniak Work
"The Goose" by the generative artist was purchased by 3AC co-founders Su Zhu and Kyle Davies in August 2021 for about $5.8 million.
Find Satoshi Labs Rolls Out AI Tool That Turns Selfies Into NFTs
The parent company behind Web3 game STEPN is releasing GNT V3, which will allow users to turn their selfies into digital artworks on the Solana blockchain.
Web3 Payments Firm Transak Raises $20M
The startup offers on- and off-ramps that could make it easier for new users to interact with Web3 projects.
BRC-721E Token Standard Converts Ethereum NFTs to Bitcoin NFTs
The new token standard allows traders to burn their ERC-721 NFTs and transfer them to inscriptions on the Bitcoin network.
Mercedes Benz Web3 Arm To Release NFT Collection With Digital Art Community Fingerprints DAO
Titled “Maschine,” the generative art collection was created by Dutch artist Harm van den Dorpel and draws inspiration from automotive concepts.
Blend Has Taken 82% of NFT Lending Market Share: DappRadar
Non-fungible token (NFT) marketplace Blur's lending platform Blend has captured about $308 million in trading volume in just 22 days since its launch, seizing 82% of total NFT lending market share, according to a report from blockchain data aggregator DappRadar. DappRadar Web3 analyst Sara Gherghelas discusses the report's key takeaways and the state of the digital collectibles market.
Nike Trips Up .SWOOSH Launch While Bitcoin NFTs Soar
Nike’s .SWOOSH NFT drop was filled with missteps, while a Bitcoin NFT collection topped the charts and NFT lending is gaining momentum.
