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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.
Gaming Company Square Enix Partners With Polygon for NFT Art Project
The publisher behind the Final Fantasy video games is continuing its push into Web3 gaming through a new NFT project called Symbiogenesis.
Abu Dhabi Starts $2B Initiative to Back Web3 Startups
The Hub71 + Digital Assets ecosystem will also back companies focusing on blockchain technologies.
NFT Marketplace Blur Releases Native Token for Community Ownership
After a delay, Blur's highly anticipated token is live. Traders have 60 days to claim their airdropped BLUR tokens.
Magic Eden Lays Off 22 Staff as Part of Companywide Restructuring
CEO and co-founder Jack Lu explained the company needed to make changes in order to reach new goals in 2023.
NFT Marketplace Magic Eden Partners With MoonPay to Offer Credit Card Payments
MoonPay has a similar partnership in place with NFT marketplace LooksRare.
NFT Influencer Cozomo de’ Medici Donates 22 Digital Artworks to LACMA
The latest NFT donation highlights how major art institutions are embracing digital collectibles.
DigiDaigaku NFTs' Price Soar on Secondary Market After Super Bowl Ad
DigiDagaku, an NFT project by Web3 gaming company Limit Break, is seeing a pump on the secondary market after airing a $6.5 million ad touting a free mint of its Dragon Eggs collection during Sunday night's Super Bowl. The floor price on OpenSea Monday is hovering around 0.31 ETH, or about $460. "The Hash" panel discusses the potential risks of buying into ads.
Sequoia, Dragonfly Back Web3 Startup Caldera in $9M Rounds
The capital will go towards hiring, partnerships and integrations.
Algorand Foundation CEO on Crypto-Staking After Kraken’s SEC Settlement
Coinbase CEO Brian Armstrong says he's heard rumors the U.S. Securities and Exchange Commission would like to ban retail investors from engaging in cryptocurrency staking. Algorand Foundation CEO Staci Warden discusses what this could mean for crypto stakers, as Kraken shut its staking services as a part of its SEC settlement. Plus, the latest on Algorand Foundation's partnerships in India for Web3 growth.
