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.
North Island Ventures to Invest $125m in 30 to 40 Emerging Crypto Firms
North Island Ventures said in a statement that is launching a new $125 million investment fund to execute 30 to 40 early-stage investments in emerging crypto and Web3 companies and protocols.
Near Foundation Launches New $100m Web3.0 Fund
Near Foundation, the Switzerland-based Non-Profit in charge of the Near Protocol has announced the launch of a new $100 million Web3.0 fund.
Polygon to Hire 200 New Workers despite Market Downturn: Bloomberg
Polygon’s Head of Human Resources, Bhumika Srivastava said the Layer-2 scaling solution has plans to hire as many as 200 new staff before the end of the year.
Animoca Brands Confirms New $110m Funding Round
Blockchain gaming and investment company, Animoca Brands has raised new capital worth $110 million from the issuance of convertible notes.
Digital Wallet Omni Raises $11m in Seed Funding
On September 7, digital wallet Omni (formerly known as Steakwallet) raised $11 million in seed funding at a $50 million valuation.
Snapchat CEO Announces Exit From Web3 Sighting Financial Difficulties
Chief Executive Officer of Snap Inc. Evan Spiegel has announced that the firm is pulling out of all its investments in Web3 technology, citing financial difficulties at the moment
Social Media Giant Snap Lays off 20% of Staff, Terminates Web3 Team
Social media giant Snap announced 20% layoffs this week, leading the Web3 team to become a casualty of that move.
Blockchain Startup Contribution Labs Raises $3M through Equity Sale
Contribution Labs, a Web3-focused startup backed by Alchemy, a pioneer in the blockchain developer platform, raised $3 million through an equity sale.
Web3.0 Game Developer Xterio Secures $40M Fund from FunPlus
Xterio, a Web3.0 game developer has pulled the sum of $40 million in a new funding round that has earned the Swiss-based startup a valuation of $300 million
Web3-MI Develops CryptoVillages for Enhanced Crypto Gaming Experience
Web3 Metaverse Innovations Pty Ltd, or Web3-MI, an Australian-based crypto consultancy group, is at the forefront of creating CryptoVillages, a play-to-earn game, to boost the gaming experience.