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.


Web3

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.

Y00ts NFT collection (Magic Eden)

Web3

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.

Ixana showed off a pair of headphones powered by Wi-R technology, which transmits data via the human body without the need for a wireless connection, at CES 2023. (Pete Pachal/CoinDesk)

Web3

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.

FINAL FANTASY XIV: Endwalker Patch 6.3 screenshot. (Square Enix)

Web3

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.

(Getty Images)

Web3

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.

Interior of EmpireDAO (Danny Nelson/CoinDesk)

Web3

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.

(Sergey Bitos/Getty Images)

Web3

Web3 Is Being Used to Preserve History Threatened by Wars

Theresa Kennedy, founder of Black History DAO, says with blockchain technology, data can be stored in many different places, making it harder for it to be destroyed.

(Kevin Ku/Unsplash)

Learn

What Is an NFT Floor Price?

The metric measures the lowest price for an NFT in a collection. It's often a good starting point for understanding the popularity of an NFT collection and the token's value over time.

(Fiona1/Getty Images)

Web3

NFT Market Will Bounce Back With Lower Interest Rates, Digital Artist Says

Ovie Faruq, also known as OSF, says the sector is tied to cryptocurrencies, which in turn are correlated with Nasdaq.

"Market Wizards" (Ovie Faruq/CoinDesk)

Videos

Preserving History With Blockchain Technology

While 2022 rattled the crypto industry, many have still found impactful ways to leverage blockchain technology. Michael Chobanian of Ukraine's Kuna exchange and Theresa Kennedy of the Black History DAO discuss how Web3 can help communities preserve their history.

CoinDesk placeholder image