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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.
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.
F1 Ticket Provider Platinum Group Introduces NFT Tickets for Global Racing Event
The NFTs, debuting this weekend at the Monaco Grand Prix, offer collectors access to the race as well as future loyalty benefits.
Milady NFTs Get Dogecoin Treatment as Prices Retrace Days After Elon Musk Tweet
Top holders of LADYs meme coins are sitting on unrealized profits worth millions of dollars.
Nike OF1 NFT Sale Surpasses $1M Despite Delays, Tech Issues
The highly-anticipated virtual sneaker sale on .SWOOSH faced persistent delays, leaving some users frustrated. Meanwhile, Nike has called the release as a success.
Pudgy Penguins NFT Project, Once Endangered, Proves Web3 Turnaround Is Possible
After Pudgy Toys debuted on Amazon on May 18, the floor price of the cute NFT project shot up over 6 ETH. Now, with the launch of Pudgy World and the addition of the collection to the NFT lending platform Blend, it is continuing to build momentum.
Blend Seizes 82% of NFT Lending Market Share: DappRadar
Since NFT lending marketplace Blend launched May 1, it has amassed 169,900 ETH, or about $308 Million in volume.
Ex-Sushi CTO Led NFT Lending Platform Astaria Rolls Out to Public
After months in beta, the NFT lending platform has witnessed the highs and lows of its competitors in the space and aims to boost NFT market liquidity while protecting the interests of lenders and borrowers.
