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.
Web3 Foundation Announces Over $1.1M in Grants Under Wave 19 Program
The Web3 Foundation disclosed the conclusion of its 19th grant wave, allocating over $1.1 million to 33 projects to bolster the Polkadot ecosystem. The foundation marked its 600th grant and 1000th milestone, reflecting the growth and the fervor of the Polkadot developer community, now the second largest globally. This wave spotlighted grants enhancing smart contract capabilities on Polkadot’s ink! smart contracts, and core infrastructure improvements. The foundation continues to welcome new proposals, underlining its ongoing commitment to support the evolving Web 3.0 ecosystem.
Solana Foundation Forms Strategic Alliance with DMCC Crypto Centre in Dubai
The strategic partnership between Solana Foundation and DMCC Crypto Centre marks a significant milestone towards fostering a thriving Web3 ecosystem in Dubai. By offering technical and business development support, alongside educational initiatives, this alliance is poised to drive innovation and business scalability, further elevating Dubai's standing as a global hub for blockchain and Web3 technologies.
UAE and OKX Unveil Framework for Metaverse Self-Governance
The UAE AI Office, in collaboration with Web3 tech firm OKX, has released a whitepaper on a "Responsible Metaverse Self-Governance Framework" to address the growing influence of the metaverse and the need for standardized operational guidelines. The report stresses international cooperation for establishing self-regulatory principles ensuring transparent, safe, and ethical metaverse operations.
Mastercard Unveils Interoperable CBDC in Australia
Mastercard, in association with the RBA and DFCRC, has demonstrated a groundbreaking interoperable CBDC solution to enhance Web3 commerce in Australia and beyond. The live demonstration showcased a pilot CBDC holder purchasing an NFT on Ethereum, utilizing Mastercard’s Multi Token Network, emphasizing the potential of blockchain interoperability in fostering secure and efficient digital commerce.
Celestia's Core Values: Bridging Off-chain Governance with User-centric Network
Mustafa Al-Bassam delineates five core values for Celestia's social layer aimed at enhancing trust-minimization and user-centric network functionalities. These values include the primacy of off-chain governance, user elevation, credible neutrality towards execution environments, economic sustainability, and minimizing overhead and state bloat. The discourse provides a profound insight into Celestia's commitment to fostering a user-driven, trust-minimized blockchain network.
STEPN Integrates Apple Music into Web3 App
Apple and STEPN have collaborated to integrate Apple Music into the STEPN app, marking a second milestone following the Apple Pay integration. This move signifies the growing acceptance of Web3 apps and a step towards bridging the Web2 and Web3 divide, enhancing user experience, and signaling future collaborations between traditional and decentralized tech platforms.
Report: OKX Ventures Boosts Ecosystem with Investments in Aark Digital, dappOS, and 0xScope
OKX Ventures reveals its September investments in Aark Digital, dappOS, and 0xScope, aimed at bolstering the crypto ecosystem covering Layer2 Derivatives, operating protocol, and knowledge graph protocol. These strategic investments are reflective of OKX Ventures’ continuous endeavor to fuel innovation amidst a rapidly evolving crypto landscape.
Islamic Coin Launches Community Rewards on Haqq Network
Islamic Coin announces a Community Rewards program to appreciate and engage its community. The #ISLM Rewards, launched on October 11, 2023, comprises three waves targeting different engagement levels and community segments. The initiative aims at fostering a Shariah-compliant Web3 financial ecosystem, with the first distribution of rewards commencing on October 11, 2023. The program, however, excludes Dubai residents from participating.
web3 gaming METAPIXEL Suspended Indefinitely
The METAPIXEL project has been suspended indefinitely due to a range of internal and external factors. Key team members, including Kate, Daniel, and Nathan, have announced their departure from the project. The development comes after 18 months of active work on the project, leaving both the team and the community in a state of uncertainty.
Nansen CEO Predicts Six Key Trends in Crypto
Nansen.ai CEO, Alex Svanevik, outlined six pivotal crypto trends on Twitter, emphasizing the synergy of fintech and crypto, DeFi's potential in gambling, the growing relevance of real-world assets like T-bills, the impending rise of Web3 gaming, SocialFi's development, and Physical NFTs' retail integration. The thread also welcomed community input, reflecting on other emerging trends like blockchain in fantasy sports.