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.


Learn

Let’s Get 'Phygital': Combining the Physical and Digital in Web3

The new portmanteau speaks to experiences that bridge the gap between the virtual and the real world, like sneakers that exist in both the metaverse and on your feet.

(Dall-e/CoinDesk)

Policy

Facebook Parent Meta Dips Toe Back Into Policy Circles to Boost Metaverse

Still haunted by its Libra debacle, the company offers a gentle nudge on how governments might pursue metaverse policies.

Meta Platforms CEO Mark Zuckerberg (Mandel Ngan-Pool/Getty Images)

Web3

Magic Eden Launches Protocol to Enforce Creator Royalties

The top marketplace for Solana NFTs had moved to an optional creator royalty model in October.

(Pixabay modified by CoinDesk)

Finance

Web3 Content-Delivery Network Fleek Raises $25M

Crypto-focused venture-capital firm Polychain Capital led the funding round.

Game7 presenta un programa de ayuda de US$100 millones para juegos basados en blockchain. (Pixabay)

Web3

NFTs IRL: How Digital Collectibles Are Forging Offline Experiences

From solving problems in the hospitality industry to organizing intimate gatherings for music fans, brands are finding new ways to use non-fungible tokens for real-world perks.

(Dall-E/CoinDesk)

Web3

NFT Trading Goes Live on Uniswap With $5M Airdrop

The decentralized exchange is giving the funds to past users of Genie, the NFT marketplace aggregator it acquired in June.

Uniswap unicorn balloon (Getty Images)

Finance

Jack Dorsey's TBD Reverses Plan to Trademark 'Web5' After Backlash

The move was meant to prevent confusion about the meaning of Web5 and deter misuse of the term.

Jack Dorsey speaks at Consensus 2018 (CoinDesk)

Web3

OpenSea Adds Support for BNB Chain NFTs

BNB Chain, one of the largest blockchains by daily active users, will allow sales of its non-fungible tokens on OpenSea by the end of the year.

OpenSea logo on phone (Unsplash)

Finance

A16z Leads $15M Round for Game Studio Roboto Games

The studio, which was founded by Web2 veterans, plans to add Web3 elements to its forthcoming survival/crafting MMO game.

Roboto Games' upcoming title, codenamed Foragers and Fighters (Roboto Games)