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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.
Developer of ‘Mutant Ape Planet’ NFTs Arrested, Charged With Fraud for Alleged $2.9M Rug Pull
Twenty-four-year-old French citizen Aurelian Michel has been charged with fraud for his role in the alleged scheme.
Hackers Steal High-Value NFTs From Prominent Web3 Builders
Web3 builder CloneX COO Nikhil Gopalani and prominent non-fungible token (NFT) collector CryptoNovo lost dozens of NFTs likely worth hundreds of thousands of dollars to scammers over the past few days after their crypto wallets were compromised. "The Hash" panel discusses the details and how to protect against NFT scams.
What To Expect From CES 2023 in Las Vegas
CoinDesk is kicking off live special coverage of the Consumer Electronics Show (CES) in Las Vegas Thursday, exploring how some of the world's biggest brands are investing and diving into Web3, blockchain, and the digital assets space. CoinDesk Chief of Staff for Content Pete Pachal shares a preview.
Web3 Builders Lose Dozens of High-Value NFTs in Back-to-Back Attacks
Nikhil Gopalani, COO of an NFT project owned by Nike, and CryptoNovo, a prominent NFT collector, lost NFTs estimated to have been worth hundreds of thousands of dollars to scammers.
Magic Eden Issue Leads to Fake NFT Listings, Will Refund Affected Users
An issue on the popular NFT marketplace allowed imposter NFTs to be added to high-priced collections like Y00ts and ABC.
This Promising Wireless Technology Could Help Power the Future Metaverse
A new wireless technology that uses the human body as a conductor could help usher in a new generation of sleeker VR and AR devices.
Final Fantasy Parent Square Enix Is Bullish on Blockchain Gaming in 2023
The Tokyo-based video game giant is already developing multiple blockchain games, highlighting an area of growth amid a brutal crypto winter.
Twitch Streamer and NFT Founder DNP3 Admits to Gambling Away Investor Funds
His projects, including The Goobers NFT and charity-focused cryptocurrency CluCoin, were down following the announcement.
Web3 Co-Working Hub EmpireDAO Closes Amid Bear Market Woes
The hopeful “WeWork of Web3” is closing its doors and looking for a new home just months after it opened at 190 Bowery in Manhattan.
Tax-Loss Harvesting Platform Unsellable is Building ‘The World's Largest Collection of Worthless NFTs
The platform has so far purchased over 9,300 no-longer valuable NFTs that previous owners can count as losses to reduce taxable capital gains.
