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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.
Galaxis Raises $10M, Doubling Down on Belief That NFTs Will Provide Real Value Everywhere
The platform has previously launched NFT collections for celebrities such as DJ Steve Aoki and actor Val Kilmer.
Web3 Projects Have Lost More Than $401M to Hackers in 2024: Immunefi
According to data from Immunefi, Web3 lost $53,074,827 in April due to hacks and fraud across 21 incidents, bringing the year-to-date total lost to over $400 million. On-chain token infrastructure provider Hedgey Finance suffered the biggest loss in April of over 44 million. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
Japan's Embrace of Web3 Uncertain as Ruling Party Under Threat
Liberal Democratic Party leader and Prime Minister Fumio Kishida once called Web3 a “new form of capitalism,” but he faces a party leadership election in September.
Why Base Chain Has Potential to Lock the Next Generation of Crypto Users
The next era of Web3 will be defined by the ability of projects to attract and retain users, says Kelly Ye of Decentral Park Capital. Coinbase’s Ethereum Layer 2 is showing the way forward.
Avenged Sevenfold Lead Vocalist on Why Artists Should 'Never' Sign With a Major Label
Avenged Sevenfold lead vocalist Matt Sanders joins "First Mover" to discuss the band's new season pass and how NFTs and Web3 technologies are transforming the music industry. Plus, the significance for artists to directly own the rights to their work and engage with their fan base.
Music Should Not Be a 'Commodity': Avenged Sevenfold Lead Vocalist
Avenged Sevenfold lead vocalist Matt Sanders answers five rapid-fire questions from CoinDesk, including the common misconceptions musicians have about Web3, the band's Season Pass launch, and what inspires him to keep experimenting with technologies.
p0x Labs Co-Founder on Developer Adoption of AI
p0x Labs co-founder and Manta Network core contributor Kenny Li explains why he is more concerned about the practicality for Web3 developers to adopt artificial intelligence (AI) technologies. The process of integrating the models isn't "too complicated," Li said.
Hong Kong Is 'Extremely Bullish' for Crypto: p0x Labs Co-Founder
p0x Labs co-founder Kenny Li answers five rapid-fire questions from CoinDesk, including the potential that can be unlocked by bringing AGI models on-chain, why identity is a core component of Web3, and the sentiment in Hong Kong and Asia regarding crypto adoption.
What On-Chain Access for AGI Unlocks
p0x Labs co-founder and Manta Network core contributor Kenny Li joins "First Mover" to discuss the intersection between artificial intelligence (AI) and blockchain. Plus, the significance of AI technologies in developments in the Web3 space.
HSBC Brings Tokenized Gold to Hong Kong; Munchables Exploited for $62M
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, as HSBC brings its tokenized gold product to Hong Kong, claiming bragging rights for being the first bank to create a blockchain-based real-world asset aimed at retail investors. Plus, Fetch.ai, SingularityNET, and Ocean Protocol agreed to combine their crypto tokens into one, and Web3 project Munchables was drained of an estimated $62.5 million worth of ether.
