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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.
NFT Trading Volume on Track to Drop Below $1B, But Does That Metric Matter?
A new report from DappRadar suggests that while NFT trading volume is trending down, the number of traders and sales remain high, suggesting a shift in trader behavior.
Pudgy Penguins CEO on Web3 Mass Adoption Outlook
Fresh off a $9 million funding round, Pudgy Penguins CEO Luca Netz discusses the road to mass adoption. "IP is going to be the trojan horse for really bringing hundreds of millions of people in to crypto and into Web3," Netz said.
Airstack Raises Over $7M for AI-Backed Web3 Developer Platform
The pre-seed funding extension was led by Superscrypt; Polygon was a prior investor.
Axie Infinity Game Launches on Apple App Store in Key Markets
The card-based strategy game Axie Infinity: Origins will open access to Apple users across Latin America and Asia as it continues its global expansion.
Crypto Wallet Bitski Taps Hardware Wallet Ledger To Make Web3 More Secure
The browser-extension wallet is integrating support for Ledger to help users navigate decentralized applications while keeping their assets safe.
Red Beard Ventures Closes $25M Funding Round With Animoca Brands, Others
The Web3 venture capital firm hopes to support early-stage DeFi and Web3 gaming projects and is also launching a tokenomics accelerator.
Endaoment Expands Web3 Charitable Fundraising Efforts With GlobalGiving Partnership
This partnership has tripled the number of verified charitable organizations willing to accept digital assets worldwide.
Web3 Education Leaders Team Up to Roll Out Beginner NFT Platform HeyMint
The platform will allow artists to mint their creative assets, enforce royalties on-chain and sell their NFTs in a process meant for Web3 beginners.
Polygon Co-Founder Launches Web3 Fellowship Program
Sandeep Nailwal will invest $500,000 of his personal capital on a new cohort each year.
