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

Esports Giant TSM Suspends $210M Partnership with FTX

It’s the latest sponsorship deal to fall through since the troubled crypto exchange’s surprise bankruptcy filing last week.

Team TSM line up on stage during the ESL One Stockholm Dota Major at Hovet Arena on May 22, 2022 in Stockholm, Sweden. (Joe Brady/Getty Images)

Learn

What Are Utility NFTs?

This type of NFT links rewards and experiences to digital assets.

Getty Images

Web3

NFT-Linked Sandals Worn by Steve Jobs Sell for $218,000

The pair of iconic brown Birkenstocks were said to have been worn "during many pivotal moments in Apple’s history."

Steve Jobs' Birkenstock sandals. (Julien's Auctions)

Web3

Yuga Labs Acquires Beeple's WENEW and its Flagship NFT Collection, 10KTF

The company behind Bored Ape Yacht Club has hinted at an integration between 10KTF and its gamified metaverse platform Otherside.

10KTF (Businesswire.com)

Web3

Nike Sprints Into Web3 With New .SWOOSH Platform

The footwear giant’s latest Web3 move will allow community members to create and trade their own digital collectibles.

NIKE high top sneaker in neon lights (Unsplash)

Learn

The NFT Creator's Guide to Year-End Tax Planning

A step-by-step guide to help NFT artists navigate taxes and find ways to reduce their tax bill.

(erfouris studio/Pixabay)

Web3

OpenSea Makes Waves: Says Creator Royalties Will Be Enforced

“The world is otherwise burning, but we decided this couldn’t wait,” a representative from OpenSea told CoinDesk.

OpenSea logo on phone (Unsplash)

Opinion

The Downfall of Sam Bankman-Fried’s FTX: The Industry Reacts

Tech, market and regulatory experts weigh in on a possible Binance acquisition of what was once one of crypto’s most influential exchanges.

Former FTX CEO Sam-Bankman-Fried (Danny Nelson/CoinDesk)