Web3 is an idea for a new vision of the web built on blockchain technology, which uses concepts such as decentralization and token-based economics.
Wells Fargo: Digital assets are an “innovation on par with the internet, cars, and electricity”
Wells Fargo, a banking household name, just released a special report stating that digital assets are as innovative as the discovery of electricity.
Istanbul Blockchain Week founder Erhan Korhaliller discusses why Turkey is one of the hottest places for crypto
Korhaliller explains why everyone should have Turkey on their radar and why he chose Istanbul as the location for his next event.
Over $1B reinvested into ecosystem from NFT mints in 2022 according to Nansen report
Nansen revealed over $1B was reinvested back into the NFT community in the first half of 2022 in new research report
Socios.com invests $100M to accelerate Web3 innovations for FC Barcelona
Socios.com acquired a 24.5% stake in Barca Studio with a $100 million investment to drive web3 innovation for FC Barcelona.
Tiffany & Co. to launch new NFT collection priced at 30 ETH a pop, community opinion divided
Tiffany & Co to produce 250 NFTs as derivatives of CryptoPunks tied to a real-world 18k gold pendant available for 30ETH - the crypto community is unsure.
Solana spaces opens physical store in New York City
Vibhu Norby, Solana Spaces CEO, explained that the major aim of the physical store is to educate people about crypto and onboard new entrants.
Web3 domain provider Unstoppable Domains raises $65 million, becomes newest crypto unicorn
Unstoppable Domains raised $65 million in a funding round led by Pantera Capital, to scale its domain services as Founder projects a billion people will own at least one NFT domain in the next 5 years.
Ex-Diem developers raise additional $150 million from FTX Ventures and Jump Crypto
Aptos Labs is now valued at $2 billion as it raises $150 million in latest Series A round. Investment will be used to support developments towards the launch of its mainnet in September.
KPMG, HSBC report identifies crypto startups with unicorn potential in Asia
According to the report, the crypto space still has the potential to produce dominant unicorn companies.
Web3 space has lost $1.48 billion to cyberattacks since January
Web3 lost a total of $1.478 billion to cyberattacks from January to May 2022, with only 4 incidents being responsible for 81%.
EthCC gets underway as building a decentralized society and surviving a bear market top the bill
The premiere Ethereum conference, EthCC, kicked off with investors, builders, and founders from across the ecosystem converging on Paris.
Ethereum’s centralized dApps may overshadow the decentralization of proof-of-stake
The United States operates 47% of Ethereum nodes, with around 33% going through Amazon AWS. While the consensus layer may become more decentralized, the infrastructure still relies on a few large US companies.
Start-ups turn to crypto-native messaging platforms
Prominent entrepreneurs say there is a need for web3 messaging platforms. A handful of startups are already working on a solution.
Q2 2022 Web3 Security Report: 48 Major Exploits, $718.34M Lost | Beosin & Footprint Analytics
Total losses in Q2 reach $718.34 million, down approximately 40 percent from $1.2 billion in Q1
Disney Accelerator announces Polygon, Flickplay, Lockerverse in the class of 2022
Polygon has been chosen to join the Disney Accelerator program as it moves deeper into crypto and web 3
Op-ed: Web3 will revolutionize how fans and artists engage with tickets
NFT tickets have the ability to transform the traditional ticket space, which is an industry that historically hasn’t budged for years.
Elon Musk pulls out of Twitter deal amid “false and misleading” information from Twitter
The future of Crypto Twitter may be less exciting as Elon Musk pulls out of the deal to purchase the platform. Musk claims Twitter breached the terms of its agreement by using "false and misleading representations" of information.