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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.
Hong Kong Backs Web3 With $6.4M in Annual Budget
The city's financial secretary will lead a task force dedicated to development of virtual assets.
We're Responsible for Web3 User Journeys; It’s Time to Make Them Completely Self-Custodial
Crypto needs better entry (and exit) points.
Friendsies NFT Collection Deletes Twitter After 'Pause' Announcement Spurs Rug Pull Accusations
Twitter users also called out several prominent NFT influencers for hyping the project, which raised millions from its initial drop.
ConsenSys Acquires Easy-to-Use Blockchain Notification Tool 'Hal' to Strengthen Web3 Development
The deal, financial terms of which were not made public, will bring 10 Hal employees to the developer.
What Are VCs Funding After FTX? More Decentralized Infrastructure
Infrastructure projects and regulatory-resistant protocols have attracted cautious investors.
Energy Giant Saudi Aramco Signs Agreement With droppGroup to Build Web3 Tech
Saudi Aramco will explore co-developing blockchain-based technologies that could benefit its workers.
OpenSea Goes Zero-Fee, Creator Royalties Optional
The top NFT marketplace’s policy shift stems from competition with popular zero-fee marketplace Blur.
Sony Partners With Astar Network for Web3 Incubation Program
Sony Network Communications, a business division of The Sony Group, has teamed up with multi-chain smart contract network Astar Network to launch a Web3 incubation program for projects that focus on the utility of non-fungible tokens (NFT) and decentralized autonomous organizations (DAO). Last month, Astar Network – one of the first parachains to come to the Polkadot ecosystem – teamed up with automotive giant Toyota on a Web3 hackathon. "The Hash" panel discusses the latest move as web2 companies expand into Web3.
Bitcoin Ordinals Can Lift the Entire Crypto Ecosystem
The arrival of the Ordinals Protocol, which allows for the creation of Bitcoin NFTs, has coincided with a big jump in the price of Bitcoin. Add that to the SEC's exemption of Bitcoin from the label of security, and we see a bullish bitcoin picture emerging.
