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.
Binance Raises $500m Crypto Fund to Enhance Blockchain & Web3 Adoption
Binance has raised $500 million funds to invest in projects that propel crypto use cases and aid the adoption of blockchain and Web3 technologies.
KuCoin Rolls Out Decentralized Crypto Wallet to Aid Web3.0 Exploration
The Seychelles-based crypto exchange KuCoin has rolled out a decentralized product dubbed KuCoin Wallet, supporting multiple tokens trading and multi-chain aggregation.
Japan's Akatsuki Raises $20m Fund for Investing in Web3 Projects
Japan's Akatsuki announced that it has raised a $20 million fund for investing in web3 projects, according to The Block.
Octopus Ventures Leads $9.5m in Seed Round for Web3 Fintech Firm Merge
Merge, a fintech startup that provides crypto and web3 companies with a range of banking and payments solutions has raised $9.5 million from venture capital firms led by Octopus Ventures.
Hong Kong to Host One of Asia's Largest NFT Exhibitions in June
One of the largest non-fungible tokens (NFTs) exhibitions in Asia titled "ARTAVERSE" will be hosted in Hong Kong starting on June 3.
Sortium Blockchain Studio Launches 1st 3D Living NFT "Kymera"
Web3 technology provider Sortium Blockchain Studio has launched the first 3D living NFT called "Kymera" based on-chain DNA.
Mobile Game Publisher Kongregate Launch $40M Fund for Web 3 Developer
Mobile game publisher Kongregate has partnered with Immutable X, Ethereum's leading Layer 2 (L2) scaling solution, to launch a $40 million blockchain developer fund.
a16z Announces $4.5bn Fund for Crypto and Web3.0 Startups
California-based venture capital firm Andreessen Horowitz (a16z) has launched its fourth crypto fund, the Crypto Fund IV, as it prepares to invest fully into blockchain and Web3.0 startups.
Dubai Regulator Grants Virtual Asset License to Former Singapore Legislator's Company
The VARA license allows Calvin Cheng- a former Singaporean member of Parliament, for his Web3 company to operate within Dubai’s crypto market.
Blockchain Gaming N3TWORK Studios Secures $46M in Series A Funding
Blockchain gaming startup N3TWORK Studios has secured $46 million in Series A funding led by venture capital firm Griffin Gaming Partners.