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.
Digital Asset Protection Firm Coincover Secures $30 Million in Funding Round
Foundation Capital and CMT Digital invest $30 million in Coincover to safeguard digital assets.
Crypto and NFT Communities Respond to Turkish Earthquake Relief Efforts
Many firms in the field have donated funding, on-the-ground help, and even future NFT charity efforts.
Revolut Introduces Crypto Staking to UK and EEA
This week, Revolut's "soft testing" staking function will launch.
Investors Interested in Digital Assets Despite Volatile Market
Bitcoin attracted $69 million in inflows, 90% of the week's total, according to CoinShares.
Prime Minister of Japan Fumio Kishida Comes Out in Support
On Feb. 1, Prime Minister Fumio Kishida addressed the House Budget Committee on DAOs, NFTs, and Web3.
Binance's New Blockchain Platform Aims to Build Web3 Infrastructure
BNB Chain stores storage metadata, while third-party storage providers store data.
Web3 Hackathon on Astar sponsored by Toyota Motor Corporation
Toyota Motor Corporation, Japan’s largest conglomerate with over 330,000 employees worldwide, is sponsoring its first ever global Web3 hackathon. It has chosen Astar Network, the smart contract platform for multichain, to make Web3 use cases for Toyota’s employees.
Venom Ventures Fund Commits a $5 Million Strategic Investment in the Everscale Blockchain
Venom Ventures Fund, a Web3 and blockchain innovation fund managed by Abu Dhabi-based investment fund manager Iceberg Capital Limited, has announced a strategic partnership with Everscale, a premier blockchain that aims to solve the scalability issues bogging down the Web3 industry.
Azuki's Twitter Account Hacked, Over $750,000 Stolen
Azuki, a popular nonfungible token project, had its Twitter account hacked, stealing almost $750K in USDC in 30 minutes.
QuickNode Closes $60 Million Funding Round
QuickNode raised $60 million. Series B was the company's biggest round since October 2021. Quick Node hosts 16 blockchains, including Ethereum, Matic, Optimism, Arbitrum, and Solana.