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.
Abu Dhabi-based Venom Foundation creates $1B Web3 and blockchain fund.
Abroad. Venom Foundation and Iceberg Capital announced a $1 billion agreement to finance Web3 and blockchain companies. Venom Ventures Fund will invest in payments, asset management, DeFi, and GameFi protocols and Web3 DApps. The investment fund will target entrepreneurs and IT companies to employ Venom's scalable, proof-of-stake blockchain system.
Cointelegraph has launched an Accelerator program for innovative Web3 startups
The program aims to help Web3’s rising stars boost their media presence, community growth and brand awareness in exchange for project tokens.
Mastercard Launches Web3 Musician Accelerator With Polygon
Mastercard launched a Polygon-based accelerator program for Web3 artists. Five international performers will be mentored by the business to establish their Web3 music brands. For those not chosen for the program, Mastercard is offering the Mastercard Music Pass NFT collection.
HK legislator's company will attract 1,000 Web3 startups in three years.
Hong Kong legislative council member Jonny Ng Kit-Chong created a startup accelerator to lure 1,000 Web3 enterprises to the city-state. The engineer and politician owns over 40 enterprises. Hong Kong's government is pushing G-crypto Rocket's hub proposal.
BinaryX Introduces Cyber Incubation Fund to Support Blockchain Games
BinaryX launches a new 220,000 BNX Cyber Incubation Fund, aimed at driving the growth and adoption of Web3 games.
Morningstar Ventures Invests $5M to Open 37xDubai, a Novel NFT Art Gallery in Central Dubai
Morningstar Ventures, an investment firm specializing in digital assets and blockchain technology, is opening its first interactive digital art gallery in the heart of Dubai. Located in the Burj Daman Tower (DIFC area), ‘37xDubai’ is positioned amidst Dubai’s business and lifestyle center.
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.