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.
GameStop Abandons Crypto As Q3 Losses Reach $95M
GameStop loses $94.7 million in the third quarter and fires digital assets workers. "We deliberately limited cryptocurrency vulnerability," CEO Matt Furlong stated. It appears to be continuing NFT and blockchain initiatives. GameStop will focus on collectibles, gaming, and pre-owned products. He "had a terrific experience taking a deep dive into blockchain and learning about many new topics in the crypto sector".
Sber Bank's blockchain technology uses Metamask
Russia's biggest lender integrates its blockchain technology with Ethereum to enter DeFi and Web3. The connection lets users utilize Sber's tokens and smart contracts. Sberbank is developing blockchain goods. It requested a blockchain platform for its "Sbercoin" stablecoin from the Bank of Russia in 2021.
Coinbase Says Goodbye to Over 60 Employees
Crypto exchange Coinbase Global Inc has announced a fresh job cut of over 60 from its recruiting and institutional onboarding teams.
Japanese Mobile Operator Partners with Accenture to Boost ESG Using Web3
NTT DOCOMO, the leading mobile operator in Japan, has collaborated with Accenture to propel the application and adoption of Web3 when tackling social issues.
Coinbase CEO Criticizes Singapore's Aim to Become a Web3 Hub at Expense of Crypto Trading
Armstrong seems to say that Singapore can’t become a Web3 hub while doing away with cryptocurrency.
Web3 Foundation Claims DOT is a Piece of Software and Not a Security
Web3 Foundation has made a conclusion based on SEC terms that Polkadot is not a security
FTX Founder says Hong Kong Could be Top Blockchain Hub in Asia
HKFTW2022: Crypto exchange FTX founder Sam Bankman-Fried said that, unlike the West, although Asia does not have a key web3, blockchain and cryptocurrency hotspot, Hong Kong could emerge as a leader in that sector.
P2E Arcade2Earn Raises $3.2M in Seed Funding Led by Crypto.com Capital
Arcade claims a unique selling point, it says that it has a unique concept called "mission pools" which allows gamers to make money without owning NFTs.
MLB is Looking to Hire an Expert to Expand its Metaverse Presence
The Major League Baseball is looking to fill a metaverse role to boost its engagement in the space
Chainsafe Raises $18.75m to Advance Adoption & Sustainable Growth in Web 3
Canadian-based Blockchain research and development firm Chainsafe has raised $18.75 million in oversubscribed Series A funding backed by prominent industry venture firms.