WEB3
Web3 (WEB3 or Web 3.0) refers to the next generation of the internet, characterized by decentralized and peer-to-peer networks that aim to give users more control over their data and digital interactions. It is a vision of the internet that incorporates blockchain technology and smart contracts, enabling trustless and transparent transactions, decentralized applications (dApps), and the secure storage and sharing of data. Web3 seeks to empower individuals, promote privacy, and foster a more open and collaborative digital ecosystem.
Portal Debuts on Binance Launchpool for BNB and FDUSD Farming
Binance Launchpool has added cross-chain gaming startup Portal for a new farming event. Users can earn PORTAL tokens by staking BNB and FDUSD over 7 days starting February 22nd. PORTAL will then list on Binance against major trading pairs.
Hack VC Closes $150M Fund I, Increases Assets Under Management to $425M
Crypto venture firm Hack VC has closed a $150 million maiden fund, bringing total assets under management to $425 million. Hack VC is a long-time web3 investor, having backed over 100 projects since 2014. The firm remains firmly bullish on web3's future potential and will deploy its new capital to seed critical infrastructure startups.
Mask Network (MASK) Bonfire Union Achieves $100 Million Milestone
Mask Network launches $100 million fund under Bonfire Union, supporting decentralized social networks and infrastructure, driving Web3 innovation, and contributing to Mastodon and Web3 education through $10 million builder initiative.
Japan Moves to Boost VC Investments in Web3 Companies Through Cryptocurrency Acquisition Bill
Japan's government plans to amend LPS laws to allow cryptocurrencies acquisition and holding, aiming to simplify investment processes and support Web3 businesses, boosting domestic startups.
Arbitrum DAO Explores Grants to Boost Web3 Gaming Development
Arbitrum DAO is discussing grants to support Web3 gaming, with phases of development receiving $100,000 to over $1.5 million. This effort aims to capitalize on the growing $272 billion gaming industry, enhance Arbitrum's gaming ecosystem, and position it competitively in the Web3 space.
PlayDapp's $31 Million Hack: A Blow to Blockchain Gaming Security
PlayDapp, a prominent NFT marketplace, experienced a security breach, resulting in the unauthorized minting of $200 million PLA tokens, worth $31 million.
Binance to Launche Pixels (PIXEL) on Launchpool
Binance announces the launch of Pixels (PIXEL) on its Launchpool, a social web3 game on the Ronin Network, offering BNB and FDUSD holders a unique opportunity to farm PIXEL tokens before its trading debut.
Saudi's $250M Tech Innovation Boost with Hashgraph (HBAR)
The Hashgraph Association and Saudi Arabia's Ministry of Investment have launched a $250M DeepTech Venture Studio in Riyadh, supporting over 500 companies in developing advanced AI, blockchain, and VR solutions.
Visa and Transak Revolutionize Crypto Withdrawals with Visa Direct Integration
Visa partners with Transak, leveraging Visa Direct for seamless cryptocurrency withdrawals and payments globally. This collaboration enables users to convert over 40 cryptocurrencies directly from wallets like MetaMask into fiat, enhancing crypto-to-fiat transactions and accelerating mainstream crypto adoption.
OKX Faces Allegations of Restrictive Practices in ICE Coin Listing
OKX, a leading crypto exchange, faces allegations of unfair trading practices following its listing of the ICE coin. Despite technological advancements and a growing global presence, these accusations put the company's commitment to transparency and user trust to the test.