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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.
Web3 Content-Delivery Network Fleek Raises $25M
Crypto-focused venture-capital firm Polychain Capital led the funding round.
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.
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.
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.
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.
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.
Sony Launches Motion-Tracking Metaverse Wearables
The Mocopi sensors will cost about $358 and allow users to move as an avatar in real time.
TIME President Grossman Explains the Business Approach to Web3
Outgoing TIME President Keith Grossman, who led the way in the legacy media's digital assets adoption through NFT launches and crypto subscription payments, explains the business approach to Web3. "Do you want to be an online renter? Or do you want to be an online owner?" This comes as Grossman announced via Twitter that he is set to become MoonPay's president of enterprise.
Here's Why TIME President Decided to Join MoonPay Amid Crypto Winter
Keith Grossman, president of TIME, is leaving the legacy media firm to join crypto payments infrastructure firm MoonPay. "MoonPay is the natural evolution ... to bring the next billion people into the [Web3] ecosystem," he says, explaining why he's decided to join the start-up amid crypto winter.
Web3 DAO Game7 Unveils $100M Grant Program
The grants will be awarded to Web3 game projects over five years.