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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.
Over $30B of NFT Trading Volume on Ethereum Is Wash Trading, Research Suggests
Based on data pulled from Dune Analytics, the shady trades accounted for over half of the total NFT trade volumes in 2022, and nearly 45% of all-time NFT volume.
Mythical Games Sues Former Executives for Secretly Raising $150M for New Firm
The Web3 gaming studio alleges that the former executives, who departed the firm in November, used knowledge gained from raising funds for Mythical to acquire capital for their new firm, Fenix Games.
ZK Rollups Bring Ethereum's Decentralized Vision Into Focus
Polygon founder Mihailo Bjelic makes the case for zero knowledge technology.
International Chess Federation Checks Into Web3 With Avalanche Integration
The global chess authority is looking to onboard the game’s 500 million players into Web3 with the new partnership.
The Final Word on Decentraland’s Numbers
Counting users in the metaverse is tough. CoinDesk scoured and analyzed multiple data sources to distill an answer.
Aave DAO Votes to Integrate Chainlink Proof of Reserves to Tighten Network Security
Although the decentralized lending protocol’s data is inherently on-chain, introducing Chainlink’s PoR would help mitigate the risk of attacks on the Aave protocol.
Brand Building On-Chain: Why Marketers Are Shifting Investment Into Web3
2022 was a year of upheaval in crypto. It also marked a turning point for advertisers.
See You on the Otherside: How Yuga Labs Is Bringing Its Billion-Dollar Business Into the Metaverse
Greg Solano and Wylie Aronow certainly didn't set out to create a $4 billion empire when they launched their Bored Ape Yacht Club NFT collection less than two years ago. Now, with the support of their community and a brand new CEO, they're setting their sights on the metaverse.
Metaverse-First Blockchain Lamina1 Launches Rolling Fund for Web3 Builders
The layer 1 blockchain is the brainchild of Neal Stephenson, who coined the term "metaverse" in 1992, and Peter Vessenes, co-founder of the Bitcoin Foundation.
