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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.
Brands Like Dolce and Gabbana Participate in Metaverse Fashion Week
Luxury brands like Dolce and Gabbana are participating in this week's Metaverse Fashion Week on Decentraland. This comes as Disney reportedly lays off its metaverse team. Journey Chief Metaverse Officer Cathy Hackl discusses fashion in the metaverse and the outlook for Web3 amid crypto winter.
Algorand Aims to Help Developers Transition to Web3 With AlgoKit
The tool suite is designed to be an easy on-ramp for Web2 developers shifting to Web3 and developers from other chains who want to test out Algorand.
The Algorand Foundation Branches Out to India
AlgoBharat claims it will support India’s transformation from the Web2 to Web3 space.
NFT Collection Y00ts Makes Anticipated Move From Solana to Polygon
The popular project, which launched in September 2022, is using a cross-chain bridge to bring its 15,000-edition generative art collection to Polygon.
Disney Lays Off Metaverse Team
Disney is in the process of laying off 7,000 staff in an attempt to control costs and develop what CEO Bob Iger calls a "streamlined" business. The cuts include its entire 50-person metaverse team. "The Hash" panel discusses whether or not this is a significant setback for corporate adoption of Web3.
Disney Lays Off Metaverse Team: Report
Fifty people have lost their jobs as Disney disbands its next-generation storytelling and consumer experiences unit as part a company-wide staff reduction.
UK Treasury Cancels Plans for Government-Backed NFT
Initially proposed in April 2022, the Royal Mint's plans for an NFT are not moving forward “at this time” but the proposal will remain under review.
Gucci, Yuga Labs Partner to Bring Luxury Fashion to the Metaverse
Gucci and Bored Ape parent Yuga Labs have signed a multi-year partnership to collaborate within Yuga Labs' Otherside metaverse and its 10KTF collection to explore collaborative opportunities between Web3 fashion and entertainment. "The Hash" panel discusses Gucci's latest Web3 push bringing luxury digital fashion into the metaverse.
Gucci and Yuga Labs Are Bringing High Fashion to the Otherside
The firms will work together on the metaverse platform.
