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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.
Davos 2023: Future of the Metaverse
While corporations have gone risk-off with crypto, there is growing comfort with the metaverse, gaming, and Web3. Data from CoinDesk's Market Index shows that the Culture and Entertainment sector, which contains media, content, and gaming projects, is up roughly 46% in 2023. Saro Mckenna, Alien Worlds Co-Founder, shares her outlook on the metaverse and gaming industry during the World Economic Forum in Davos, Switzerland.
Former Gagosian Head of Digital Builds Generative Art Gallery Tonic.xyz
The gallery, which will help artists mint their works on-chain, will also seek to onboard the fine art world to the Web3 space through merging the physical and digital worlds.
Yuga Labs' Sewer Pass NFT Collection Nets Over $6M in Sales in Just Hours
The latest NFT project by Bored Ape Yacht Club parent company Yuga Labs grants holders access to a skill-based game called Dookey Dash.
Rarible Expands NFT Marketplace Builder to Polygon-Based Collections
The popular NFT marketplace has introduced a tool that helps creators build their own collection-based storefronts for free.
NFT Collection NimTeens Explores Just How Fast the NFT Space Moves
The new collection created by generative artist Bryan Brinkman, one of the first 10 creators on Art Blocks, is a creative commentary on the rapid maturity of the NFT space.
FTX's Failure Highlights Need for Federally Mandated Insurance, Not More Regulation
There is extensive precedent for requiring companies providing critical infrastructure to get special insurance. Why not require crypto companies to back themselves with a market-based product, say the founders of Evertas, a crypto insurance provider.
Latin American Web3 Infrastructure Provider Parfin Raises $15M
The funding round was led by crypto investment firm Framework Venture and included L4 Venture Builder, a corporate venture capital fund backed by the Brazilian stock exchange B3.
South Korea Launches Metaverse Replica of Seoul
As part of a three-year effort to expand its public services, Metaverse Seoul will allow users to take their avatars to tax offices, access youth counseling and read e-books.
IBM Executive on the Future of Web3
Shyam Nagarajan, IBM Consulting Executive Partner, Blockchain, Web3.0, Metaverse and Sustainability, discusses the future of enterprise blockchain, CBDCs, and Web3 at the annual World Economic Forum in Davos, Switzerland. Plus, IBM's sustainability efforts and insights into discontinuing blockchain-enabled shipping solution TradeLens.
Developers Keep the Candle Burning During Chilly Crypto Winter
A new report released by Web3 developer platform Alchemy suggests that while this past year saw token trading slow, the number of smart contracts deployed on Ethereum continues to grow.
