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.
CoinFund Secures $158M for Seed IV Fund, Surpassing Initial Goal
According to Blockchain.News, CoinFund has successfully raised $158 million for its Seed IV Fund, exceeding its initial target of $125 million. This achievement underscores the firm's commitment to fostering innovation in the web3 ecosystem.
ChromaWay and COMUNITYmade to Reinvent Near Shore Fashion Supply Chains with Web3 Technology
Stockholm headquartered blockchain technology company ChromaWay announced today that it had signed a Memorandum of Understanding (MOU) to partner with COMUNITYmade to co-design and develop supply chain solutions that leverage decentralized Web3 technologies to strengthen product-provenance and transparency, empower designers, and bring high-quality fashion to market faster.
PwC Report: Asian Institutional Investors Opt for Third-Party Custody Solutions for Digital Assets
A joint report by Aspen Digital and PwC titled "State of Digital Asset Custody - Understanding and implementing digital asset custody for institutional investors" reveals a rising demand for institutional-grade digital asset custody solutions among family offices, high-net-worth individuals (HNWIs), and external asset managers (EAMs) in Asia.
Hong Kong International Airport Launches First-Ever Metaverse
Hong Kong International Airport (HKIA) has partnered with JCDecaux Transport Hong Kong to introduce the first-ever HKIA Metaverse.
Hong Kong Aims to Lead in Green Finance and Web 3.0, Says Financial Secretary
Hong Kong is setting its sights on becoming a global leader in two new fields: green finance and Web 3.0, according to a recent speech by the city's Financial Secretary Paul Chan.
AntChain Integrates Zero-Knowledge Proof for Enhanced Privacy and Verification in Web3.0 Era
Ant Group's AntChain has announced a new architecture upgrade for its privacy collaboration platform, AntChain FAIR, introducing Zero-Knowledge Proof (ZKP) as a core technology for verifiable computation. This extends trustworthy data transfer to the verification of computation processes, data attributes, and identities.
What is Web3?
Web 3.0, frequently abbreviated as Web3, is often recognized as the upcoming or third generation of the internet. It builds upon Web 1.0, characterized primarily as read-only, and Web 2.0, which introduced interactive user-generated content and sharing capabilities.
Binance Academy Collaborates with Coursera for Global Blockchain and Web3 Education
Binance Academy, the educational arm of Binance, has forged a partnership with renowned online learning platform Coursera to develop certified Web3 educational programs, according to a recent announcement.
Hong Kong Boosts Web3 with New Task Force
On June 30th, 2023, Hong Kong's government revealed the creation of a pivotal initiative - the Task Force on Promoting Web3 Development. This significant step, led by Financial Secretary Paul Chan, includes fifteen non-official members selected from relevant market sectors, plus key government and financial regulatory officials.
Coinbase Uses Multi-Party Computation to Enhance Crypto Wallet Security and User Experience
Coinbase is making strides towards simplifying the onboarding process for web3, bolstering both security and recovery for crypto wallets. The company is deploying a cryptographic technique called Multi-Party Computation (MPC) to eliminate key management hurdles that have long been a barrier to mainstream web3 adoption.