NFT sales and pricing are driven by luck, scarcity, and optimism, according to multiple studies

A trio of studies published in November may shine some light on the social and psychological factors that motivate movement in the non-fungible token (NFT) market. Researchers from Western University in Canada, Tilburg University in the Netherlands, the University of North Carolina at Chap ...

This Web3 security protocol recovered $800K in user funds after Vulcan Forged exploit

As Web3 gets bigger, it struggles to keep up with the malicious actors targeting users’ funds across different blockchains and networks. This security protocol takes a preventive approach against hacks and exploits, freezing assets before they get stolen.Web3 benefits from being a d ...

Huddle01 CEO explains why communications tech must be decentralized

The means by which humans communicate and coordinate are ever-evolving. People went from sending smoke signals and messengers on horseback to sending letters and telegrams, and since the dawn of the digital era, the pace of innovation has exploded.Today, hundreds or even thousands of peopl ...

Get prepared to the next bull run: Investor Demo Day to showcase the best of Web3

The Web3 ecosystem might have weathered a dry year during 2023 in terms of venture capital (VC) funding, but it surely had its highlights with many bountiful investments across a wide range of niches.The most recent data indicates that Web3 startups have raised around $6 billion so ...

Shaping the future of Web3: An interview with Techstars’ Pete Townsend

As an integral part of Techstars, a global seed accelerator known for its significant investments in over 250 Web3 startups, Pete Townsend offers a unique perspective on what it takes to succeed in this rapidly evolving space.His expertise spans from identifying promising startups f ...

Blockchain and charity: How to restore trust in philanthropy

Charity initiatives reflect our humanness in a world too much focused on individualism and consumerism. However, trust in charitable organizations and nonprofits has declined drastically over the last few years. Many businesses and individual influencers use giving for branding and promoti ...

Crypto documentary ‘Bull Run’ takes on Bitcoin, tokenization and trading addiction

The film industry has been suggested by many as one of the next frontiers of Web3 and blockchain technology. With movies historically funded by wealthy investors or centralized production companies, blockchain offers a unique set of tools to decentralize the investment process. Filmmakers can lau ...

How enterprises and governments can use a new 3D platform powered by Web3 and AI to drive digital transformation

The metaverse has the potential to revolutionize how businesses promote themselves, communicate with their clients, and build economies. By creating immersive 3D experiences, companies and organizations can develop interactive user stories and experiences that foster engagement, monetizati ...

This exchange is celebrating its fourth-year anniversary with a bold move to empower the crypto community

Users have concerns about centralized exchanges’ transparency and trustworthiness, but decentralized alternatives lack liquidity and security. Crypto exchange Phemex, celebrating its 4th year anniversary this week, is poised to usher in a new era, where traditional barriers in finance are ...

Free-to-play Web3 games hold the key to mass adoption, YGG co-founder

Next year’s most successful Web3 games will pivot from play-to-earn (P2E) to instead focus on being completely free-to-play to dr in players, says Yield Guild Games CEO and co-founder Gabby Dizon. Speaking to Cointelegraph, Dizon said unlike games such as Axie Infinity — w ...

Web3 should draw newcomers, not be a ‘money grab from brands’ — Tech CEO

The crypto industry should focus on building blockchain-based solutions everybody can benefit from instead of launching cash grabs for brands, says Amy Peck, CEO of tech-focused consulting firm EndeavourXR.Peck told Cointelegraph at the Lisbon Web Summit that Web3 firms should be build-fir ...

Hashing It Out: How Web3 is causing an evolution of traditional finance

As decentralized finance grows in popularity, many wonder what the future holds for traditional finance (TradFi). In episode 37 of Cointelegraph’s Hashing It Out podcast, Elisha Owusu Akyaw talks to Sarah Clark, the CEO of E-Gates, about how TradFi plans to compete and collaborate with the W ...

Solana hoses down ‘inaccurate’ CertiK report on Saga phone security flaws

A recent video from blockchain security firm CertiK made a series of “inaccurate” claims about a potential security vulnerability in Solana’s crypto-enabled Saga phone, Solana Labs has said. In a Nov. 15 post on X (formerly Twitter), CertiK claimed the Saga phone con ...

Web3 advocate and author Alex Tapscott on the future of blockchain mass adoption

Web3, blockchain, crypto and mass adoption were major buzzwords in 2021 and 2022, but the public interest in the terms fell to the wayside over the last year as media headlines narrowed their focus to the now defunct FTX exchange and the trial of its founder, Sam Bankman-Fried. Fast-f ...

Privacy-first, copyright-friendly content is key to driving Web3 adoption

ReadON brings high-quality content to Web3 by providing a seamless and user-friendly experience, helping projects build stronger relationships with their users and driving the adoption of decentralization.While Web3 holds the promise of mitigating the drawbacks of Web2, its adoption ...

How this decentralized social media platform plans to bring the next billion users to Web3

The next iteration of the internet, Web3, is proposing a new infrastructure based on blockchain technology to build a democratic global social media ecosystem that caters to all stakeholders.Web3 adepts hope that the widespread adoption of blockchain technology will solve some of th ...

XRPL’s fixReducedOffersV1 upgrade initiates 80% consensus countdown

The “fixReducedOffersV1” amendment is now in a two-week activation countdown phase, having garnered approval from over 80% of validators. This amendment signals a significant upgrade for XRPL.XRP Ledger (XRPL) is set to introduce additional features in the upcoming weeks. As per XRPScan, u ...

Champ Medici talks Web3 communities, NFTs, music and gaming

The Web3 industry has experienced massive growth over the last many years, from a niche that saw the glimpses of the future of the internet, to a reality building that future with the brightest minds and makers. The space has also received support from a number of influential people, ...

Binance launches Web3 wallet for its 120M registered users

Crypto exchange Binance announced the launch of its new Web3 wallet at the Binance Blockchain Week conference in Istanbul, to be made available to all users via the Binance mobile app.During the launch, Changpeng “CZ” Zhao, CEO of Binance, revealed the intent behind launching the service: ...

Vietnamese Web3 coalition Ninety Eight launches $25M ecosystem fund

Vietnamese Web3 coalition Ninety Eight, creator of the Coin98 decentralized finance (DeFi) ecosystem, has launched a $25 million ecosystem fund dedicated to accelerating Web3 startups in Asia.According to the Nov. 7 announcement, the fund will provide financial and strategic support for se ...

South Korean telco to launch Web3 wallet with Aptos and Atomrigs Lab

South Korean telecom giant SK Telecom (SKT) announced plans to launch a Web3 wallet service, T wallet, in partnership with layer 1 mainnet Aptos Labs and Atomrigs Lab.SK Telecom’s vision to launch a blockchain wallet for cryptocurrencies and nonfungible tokens (NFTs) dates back to Ju ...

A crypto exchange tackles CEX issues, pledges to share revenue with its users

For an extended period, centralized exchanges (CEXs) have played a pivotal role in cryptocurrency trading, offering traders dependability and robust liquidity. These platforms have been the go-to choice, with users trusting CEXs to safeguard their assets, appreciating user-friendly interfa ...

Metaverse projects failed on lack of correct business model: MetaMinds CEO

The metaverse may no longer have mainstream appeal to some global tech leaders compared to two years ago. However, weaknesses in the testing of the various investments and initiatives in the emerging technology may have resulted in some of them failing.On the sidelines of the recent Cardan ...

Spot Bitcoin ETF hype reignited zest for blockchain games: Yat Siu

Enthusiasm surrounding a possible spot Bitcoin (BTC) exchange traded fund (ETF) isn’t just driving up the price of Bitcoin — it's also sparked a resurgence of enthusiasm for blockchain games, says Animoca Brands founder Yat Siu. Speaking to Cointelegraph at Hong Kong Finte ...

Help or hindrance: Is Web3 really improving mainstream industry and products?

Web3 has been gaining ground in mainstream industries with the rise of Web3 business models based around nonfungible tokens (NFTs), blockchain technology and crypto. But it’s still an open question whether it’s actually improving mainstream industry and products. According ...

Abu Dhabi Global Market introduces comprehensive DLT Foundations Regulations

The Abu Dhabi Global Market (ADGM) Registration Authority has introduced comprehensive regulations governing Web3 organizations. The international financial free zone’s regulatory framework is “purpose-built” and the first of its kind, the agency claimed.The Distributed L ...

Crypto startup Bastion secures money transmitter licenses in US

Bastion, a new cryptocurrency startup created by former Andreessen Horowitz (a16z) executives, has secured two money transmitter licenses (MTL) in the United States.Bastion has acquired MTLs in New Hampshire and Arkansas, the first two licenses obtained by the firm, Bastion announced on Oc ...

Web3 gaming investors more ‘choosy’ in crypto winter – Animoca’s Robby Yung

Investing in Web3 gaming has required a greater level of due diligence through a testing cryptocurrency bear market, according to Animoca Brands CEO Robby Yung.Yung, who is also co-founder of popular Metaverse platform The Sandbox, highlighted more robust check-boxes when considering Web3 ...

Fed up with banks and centralized exchanges? It’s time for a change

A cutting-edge crypto platform says it offers all the advantages of centralized exchanges in a noncustodial environment. Changex offers seamless on and off-ramps to fiat, effortless purchases via bank transfers and debit cards, and cross-chain swaps for speedy conversions between digital a ...

Saudi’s NEOM partners with Animoca Brands for regional Web3 development

Web3 games developer Animoca Brands and Saudi Arabia’s NEOM Investment Fund announced a new partnership on Oct. 30 to drive Web3 development in the region. According to the announcement, the new deal will have Animoca working with NEOM to build Web3 enterprise service capabilities. Th ...

How Web3-powered streaming platform connects viewers and creators

A Web3-powered streaming platform, Replay vows to transform the entertainment industry — empowering viewers and creators alike. It allows audiences to be rewarded for their attention, all while unlocking new revenue streams for talented individuals behind the camera.The entertainmen ...

Fintech, DeFi, GameFi, and more: Web3 startups kick off Cointelegraph Accelerator second cohort

Cointelegraph Accelerator, a startup booster that leverages Cointelegraph’s capabilities as a media and strategic partner, announced its second cohort launching in October 2023 for up-and-coming Web3 startups.Selected from over 1000 startup applications, the 16 participants of the second c ...

Fantasy football game on Telegram: Fanton joins Cointelegraph Accelerator

What’s a better way than combining the world’s most popular sports with Web2’s most socialized aspects to introduce new users to Web3 through gaming? Association football, or soccer, boasts the largest fan base among sports enthusiasts, with over 3.5 billion estimated people rooting for their fav ...

Hashing It Out: A case for Web3 social media, and is Friend.tech a security?

The Web3 industry continues its mission to disrupt the World Wide Web, and social media is one of its primary targets. In the 34th episode of Cointelegraph’s Hashing It Out, host Elisha Owusu Akyaw interviews Ryan Li, co-founder of CyberConnect, about the concept of decentralized social media.&nb ...

Mastercard partners with crypto payment firm MoonPay for Web3 services

Global payment giant Mastercard continues exploring cryptocurrency benefits through a new collaboration with crypto payment platform MoonPay.MoonPay officially announced on Oct. 25 a partnership with Mastercard aiming to jointly explore how Web3 tools can improve experiential marketing, or ...

Neon Machine raises $20M Series A for blockchain-based Call of Duty competitor ‘Shrapnel’

Web3 gaming developer Neon Machine raised $20 million in series A funding toward the development of its highly-anticipated extraction shooter “Shrapnel.” This round follows a $10.5 million seed round completed in June of 2021. It was led by Polychain Capital and included funding from ...

Revolutionizing whitelist marketplace for Web3: WhiteList Zone partners with Cointelegraph Accelerator

In the Web3 space, one of the key challenges for new projects and products is to get a motivated audience and for crypto-enthusiasts and investors — to find the most promising projects and get in earlier than others. This is where whitelists step in, addressing several critical aspects.A w ...

Simplifying Web3 adoption with solutions tailored for businesses and enterprises

The digital era is in full swing, and with it comes a surge of opportunities that promise to redefine the business landscape. The buzz around blockchain technology and Web3 functionalities is real and for a good reason.They are not just buzzwords but gateways to unparalleled securit ...

UAE emirate launches new free zone for digital assets, Web3 and AI

Ras Al Khaimah ruler Sheikh Saud bin Saqr Al Qasimi inaugurated the new RAK Digital Assets Oasis (RAK DAO), an economic free zone dedicated to supporting companies involved in digital and virtual assets, blockchain, Web3, and artificial intelligence (AI), on Oct. 19.As previously reported ...

This play-to-earn game offers NFTs linked to physical items like gold

Blockchain gaming is going from strength to strength — underpinned by the explosion of nonfungible tokens, which continue to achieve mainstream adoption. The FRUITS Eco-Blockchain Project is building on this momentum by allowing NFTs to be redeemed for a coveted, real-world object: a physi ...

Gamers can now explore Mars in Tesla-inspired Cybertrucks — Here’s how

The Web3 game Mars4, which allows players to explore the surface of Mars, has unveiled two new exclusive rovers inspired by Tesla's Cybertrucks.For decades, space enthusiasts have had a fascination with Mars. NASA's Perseverance rover is giving us regular insight on what life is lik ...

Improbable’s Successful Shift: From Gaming to Metaverse Amid Industry Turmoil

In the midst of turmoil within the metaverse industry, Improbable, a British company founded over a decade ago, has managed to maintain its position in the gaming industry by shifting its focus to the metaverse concept. Unlike many other businesses that have faced significant losses and challenges i ...

37xDubai Art Gallery to Merge Traditional and NFT Art, Educate Visitors on Web3

The 37xDubai art gallery, set to open to the public later in October, is taking a unique approach to educate artists and art enthusiasts about nonfungible tokens (NFTs) and the broader Web3 ecosystem. The gallery, based in the Dubai International Financial Centre (DIFC), plans to offer workshops to ...

LayerZero and Conflux Partner for Blockchain-Based SIM Card Project to Expand into Asian Market

LayerZero Partners with Conflux for Asia Expansion through Blockchain-Based SIM Card LayerZero, an interoperability protocol that recently secured a partnership with Google Cloud, is setting its sights on expanding into the Asian market, particularly China. The company has announced a coll ...

ICC Partners with Near Foundation to Launch Web3 Fan Engagement App for 2023 Cricket World Cup

The International Cricket Council (ICC) has joined forces with the Near Foundation to develop an innovative Web3 fan engagement application for the upcoming 2023 Cricket World Cup in India. This initiative is poised to captivate millions of cricket enthusiasts. In a conversation with Cointelegraph, ...

Microsoft’s Upcoming Hardware Products May Enhance Crypto Wallet Support, Legal Documents Reveal

Microsoft's Next-Gen Hardware Products to Enhance Crypto Wallet Support, Legal Documents Reveal Recent reports suggest that the forthcoming lineup of Microsoft's hardware products may feature improved support for crypto wallets. Axios unveiled this information on a Monday, citing detailed documen ...

Unique Competition on Friend.Tech Offers the @Pepe Social Media Handle as Prize

A competition hosted on the web3 social media platform Friend.Tech is offering a unique prize: the Pepe social media handle. The individual behind the @pepe handle on Twitter/X, who is also known for creating products like pepe.wtf, illiquid.xyz, cyborg.art, and others, has outlined the rules for "T ...

Blockchain Economy Dubai Summit 2023: A Premier Gathering of Blockchain and Crypto Experts

The Blockchain Economy Dubai Summit, scheduled for October 4-5, 2023, is generating excitement within the blockchain and crypto communities. With over 3,000 attendees expected from 85 countries, this prestigious event will bring together blockchain entrepreneurs, crypto enthusiasts, and industry lea ...

Shiba Inu’s Web3 Restaurant, Welly, Brings Blockchain to the Fast-Food Industry

Shiba Inu has officially launched a Web3 restaurant called Welly, located in Naples, Italy. This restaurant leverages the Shiba Inu community and Shiba Inu's L2 blockchain, Shibarium, to enhance its operations, improve transparency, engage with customers, and implement a loyalty program. Welly ai ...

Saudi Arabia looks to blockchain gaming and Web3 to diversify economy

Saudi Arabia has ramped up its economic diversification efforts driven by its ambitious Vision 2030. In a bid to diversify its economy away from a dependence on oil, the kingdom has embraced emerging technologies, such as blockchain and artificial intelligence (AI), and tapped into bo ...

Ant Group launches a new blockchain brand for Web3 developers

Ant Group, the owner of the world's largest mobile payment platform Alipay, revealed its new sub-brand under the name ZAN. The brand will focus on blockchain development and services for both institutional and individual Web3 developers. The official press release, published on Sept. ...

Web3 made simple: Brinc joins forces with Cointelegraph Accelerator

Web3 startups often face challenges unique to the nascent ecosystem — complex regulatory landscapes and scaling with decentralization are just two of many. Venture capital flowing into Web3 startups experienced a big drop over the last year, and new projects need more help than ever to carry thei ...

Providing value to gamers in a changing Web3 landscape — Interview with TOKYO BEAST

In the ever-evolving digital landscape, the distinction between Web2 and Web3 gaming has gained exponential significance. Web2 gaming is typically characterized by centralized, self-contained ecosystems, while Web3 gaming embraces blockchain technology, decentralization and the concept of ...

Revolutionizing social networks with Web3: Phaver and Cyberconnect AMA

CEO & co-founder of Phaver Joonatan Lintala and head of marketing at Cyberconnect Abhi Raheja discussed the innovations of their projects and aspects of SocialFi during the recent Cointelegraph live AMA show. Here are the highlights from the interview: ...

How Web3 can prevent Hollywood strikes – Replay joins Cointelegraph Accelerator

Streaming video is one of the fastest-growing markets in the world, with the OTT video industry alone projected to reach $200 billion in 2023. Short for “over-the-top” video, the OTT video ecosystem includes on-demand video as well as ad-supported video content, and it is mainly driven by the gro ...

OKX plans to enter India, hire local employees for Web3 exploration

reportThe cryptocurrency exchange OKX plans to enter the Indian market and recruit local employees in an effort to expand its possibilities of Web3 applications, according to a CoinDesk report. OKX’s CMO, Haider Rafique, said it plans to scale up its wallet services “exponentially” vi ...

Pioneering the future with omnichain solutions: XGo ID and TapiocaDAO share insights

The Web3 landscape is undergoing swift evolution, with omnichain solutions emerging as vanguards poised to redefine the crypto world. Just recently, Cointelegraph hosted an AMA session to discuss the potential of omnichain solutions and their impact on crypto mass adoption.This enga ...

Web3 game goes gold: How to exchange NFTs for physical gold eggs

Web3 game Golden Egg Wonderland received a major update with new features, in-game characters and a way to exchange Golden Egg NFTs for physical golden eggs.Web3 gaming has become one of the most popular sectors of the blockchain ecosystem, providing a medium for other blockchain-ba ...

7 ChatGPT prompts for learning Web3 development

The landscape of web development has undergone a profound transformation with the emergence of Web3 technologies. As blockchain and decentralized applications (DApps) gain momentum, developers are embracing this new paradigm to create a more open, secure and user-centric internet. This article wi ...

Digital Fortress, Part 1: How to safeguard digital assets in Web3

Why is protecting your digital assets in the Web3 era important?What are the most prominent security threats in the Web3 ecosystem?What measures should you take to safely navigate in Web3?DHow to choose the right tool to safeguard your digital assets ...

Crypto VC Investment Trends and Potential Impact of ETF Approvals

July saw a drop in capital inflows from venture capitalists by 10.26% resulting in $700 million raised according to Cointelegraph Research VC Database. The last two months rejected the potential upward trend, as it seems that macroeconomic conditions revolving around the United States Federal Res ...

Coinbase app is ‘broken’ for UX, admits CEO Brian Armstrong

Coinbase CEO Brian Armstrong says the rise of on-chain activities on its new layer-2 network Base has exposed how “broken” the Coinbase app is for user experience, and has pledged to improve it. In an X (Twitter) post on Aug. 13, Armstrong said a number of pain points have ...

Boosting adoption with DeFi asset management: Velvet Capital joins Cointelegraph Accelerator

Gone are the days when decentralized finance (DeFi) was a niche for crypto frontrunners, while centralized finance (CeFi) was the absolute owner of users’ trust. Following the collapse of major centralized organizations within the industry, such as FTX, Prime Trust, and Celsius, among others, the ...

Web3 startups queue up: Consensys Startup Program partners with Cointelegraph Accelerator

The transition from Web2 to Web3 is reshaping the technology landscape and attracting the attention of developers. Despite the challenges faced during the current crypto winter, the Web3 ecosystem continued to onboard new developers, with many thousands of developers making the jump from Web2 to ...

Play-for-Gold: This game backs in-game NFTs with physical golden eggs

Backed by the FRUITS Eco-Blockchain Project, the upcoming Web3 game Golden Egg Wonderland will allow players to exchange in-game NFTs for real golden eggs.Since its inception, Web3 gaming has become a crucial part of the blockchain ecosystem. Blockchain-based ga ...

How can Web3 bring financial freedom closer to reality for freelancers across the globe?

For many in the global workforce, the 9-to-5 workday is outdated. After a lengthy commute to work, which for some may be three hours each day, many find that upon returning home, they are too exhausted to enjoy their lives, leaving them in a vicious working cycle. Fortunately, with more co ...

Digital marketing will become Web3’s next major use case, says report

The Web3 ecosystem could become the next golden opportunity for digital marketers, with almost 200 companies already thinking deeply about how to utilize the Web3 tech stack.On July 25, Web3 marketing analytics firm Safary released a comprehensive report titled “The Web3 Growth Landscape 2 ...

Semi-centralized exchange opens doors to its innovative Web3 ecosystem for trading and governance

In the rapidly evolving world of cryptocurrency, significant changes have occurred within the crypto sector, particularly concerning crypto exchanges, over the past few years. Centralized exchanges (CEXs) have experienced remarkable growth, transforming into industry gi ...

Web3 has permanently changed how marketing works

My journey into Web3 marketing officially began when I joined ConsenSys as chief marketing officer in 2016, where I built the first Web3 marketing team and helped bring Ethereum as well as the ConsenSys brand and many early Ethereum-based tools and applications to market. During my time at ...

Unlocking potential for Web3 creators: ReadON joins Cointelegraph Accelerator

The creator economy has become a $100 billion market thanks to the rise of social media and digital content. However, it’s bound mainly by centralized content platforms, leaving dismal incentives for actual creators to provide better content for audiences. YouTube’s lat ...

The European Commission’s Web4 strategy might be a flop

On July 11, the European Commission formally adopted its new strategy on Web4 and virtual worlds with the aim of ensuring “an open, secure, trustworthy, fair and inclusive digital environment” for European Union citizens. The strategy is based on four main pillars, revolving around th ...

A simple tile game is spiking daily txs on Sui Network: Data platform

A simple blockchain game has been behind a massive spike in daily transactions on the Sui Network, with one data platform even suggesting it has surpassed Solana in network activity.Similar to the 2014 viral browser-based puzzle game 2048, Sui 8192 is a sliding tile game where the players ...

A new age in investing: The transformative power of asset tokenization

Asset tokenization has long been regarded as one of the most compelling applications of blockchain technology. Back in June 2019, the United States investment banking giant BNY Mellon declared it has the potential to “dramatically change the dynamic” for investors and u ...

Travel will create a new wave of Web3 mass adoption: Here’s how

The travel industry has long been a behemoth, catering to the diverse needs of nearly 2 billion digitally savvy users each year. When it comes to technological innovation, however, it has remained a sleeping giant. That is, until now. The industry is finally waking up to the tr ...

If good UX is like driving auto, Web3 is ‘driving stick’ — UX designers

The current state of Web3 user experience is akin to driving a manual transmission car — there’s more control, but most users will find it unnecessarily clunky, according to several UX designers.Over the years, discussion around mainstream adoption of Web3 has centered around t ...

Unleashing the future of video games with on-demand esports

A new era in video gaming is just around the corner, and it’s being driven by a vision of on-demand esports. By enhancing traditional video games with esports gameplay that offers players real payouts, and by offering developers an easy solution to incorporate esports game modes into ...

Provider for Meta’s file-storage needs suggests path forward for Web3 data management

Data privacy has come a long way since the widespread use of technology kicked off in the early 2000s. Now, every click, Tweet and Instagram post makes up a personal data footprint that stands shoulder-to-shoulder with people’s fundamental rights as one of the most val ...

Is Web3 messaging going to replace WhatsApp and iMessage? Co-founder of XMTP explains

Hashing It Out episode 24 explores Web3 messaging with Shane Mac, co-founder of XMTP — an open protocol and network for secure Web3 messaging — who explains the differences between Web2 and Web3 messaging. Mac also explains how Web3 messaging could spark major adoption for the entire industr ...

Account abstraction will drive a billion users from Asia to Web3: ConsenSys exec

Account abstraction, also known as “smart accounts” could eventually onboard a billion users from the Asia region to Web3, according to an executive at Ethereum software solutions provider ConsenSys.Speaking to Cointelegraph, the director of strategic initiatives at ConsenSys, Laura Shi, n ...

Lacoste turns fashion NFTs into digital cards for interactive Web3 experience

Unleashing the digital revolution, industry leaders are racing to forge lasting impressions, reshaping the interaction landscape between ardent fans and renowned brands. Among these pioneers, the renowned Parisian fashion powerhouse, Lacoste, elevates its digital innovation game, giving it ...

Hong Kong establishes task force to advance Web3 development

As part of Hong Kong's ongoing commitment to embrace the "megatrend" of Web3 development, it has established a diverse group of industry and government officials to supervise the progress of Web3 in the region.According to a June 30 statement, the government of Hong Kong has formed a task ...

Universities use blockchain-based storage to protect and democratize data

Academic institutions house some of the world’s most important data generated from years of research. Yet centralized data storage models are becoming a concern for many universities looking to keep critical information safe and accessible. Danny O’Brien, a senior fellow at the Fileco ...

Forget about price! Polkadot Decoded 2023 says bear markets are for building

The Polkadot Decoded 2023 conference just wrapped up and this year more than 100 speakers and 100 blockchain projects were in attendance. The beauty of crypto bear markets is they catalyze a realignment of perspectives and objectives. All the hidden leverage is gone and most of ...

Judge blocks Bankman-Fried’s attempt to obtain key documents in fraud prosecution: Report

Sam Bankman-Fried, the co-founder of FTX, has been denied his request to obtain documents from a Silicon Valley law firm, Fenwick & West LLP, as part of his defense strategy in his ongoing federal fraud case, Bloomberg reported. Bankman-Fried had hoped to use thes documents to support his cla ...

Web3 protection tool releases update that improves security against scam tokens and dangerous contracts

Web3 and other blockchain-powered markets are still in their infancy, with most of the underlying technologies, economic models and coding architectures still being improved, tested and updated. While this is normal for an emerging market and technology, there are always loopholes that bad ...

BitGo terminates acquisition of Prime Trust

On June 22, wallet infrastructure provider and digital asset custodian BitGo announced on Twitter that it had decided to cancel its acquisition of fintech infrastructure provider Prime Trust. According to BitGo, “This decision was not made lightly.” The full announcement read: ...

Banking is ‘slowly dying’ — Former TradFi execs on reasons for joining crypto

Despite plenty of regulatory action in the United States and an ongoing crypto winter, former TradFi executives, now in crypto, said there’s no desire to return to their old banking lives.Instead, several former traditional bankers told Cointelegraph they remain bullish about the ind ...

Immutable’s Gods Unchained launches on Epic Games Store

Immutable Games’ Web3 trading card game Gods Unchained is now listed on the Epic Games Store and is available to its 230 million customers, according to a June 21 announcement.Gods Unchained is a collectible trading card game similar to Hearthstone or Magic: The Gathering Arena but with ca ...

Crypto payment solution Ramp expands on-ramp service, adds support for 40 fiat currencies

Ramp, a financial technology company specializing in crypto infrastructure, has announced a significant expansion of its platform’s compatibility, adding 40 new fiat currencies. According to a June 21 announcement, the expansion is set to allow users to more easily transact with vario ...

How to use Solana Saga to buy and sell crypto

Solana Saga, the Web3 mobile phoneSolana launched its Web3 mobile phone, the first of its kind, in April 2023. The phone packs all the usual functionalities users have come to expect from a smartphone and tops it up with a Web3 experience. It includes a decentralized application (DApp) store and ...

dApp Store Kit adopts new tech stack to power Web3 gaming development

DApp Store Kit, which was initially incubated by Polygon Labs, will integrate Ready Games’ mobile game development toolkit to help developers roll out Web3 games. DApp Store Kit’s toolkit for deploying Ethereum Virtual Machine-compatible decentralized application (DApp) stores will combine ...

South Korean Bitcoin lending platform Delio pauses withdrawals

Delio, a virtual asset manager and lending platform based in South Korea, has announced the temporary suspension of customer withdrawals “in order to safely protect the assets of customers currently in custody.”The company made the decision in response to the recent suspension of digital a ...

How tried-and-tested Web2 models could help Web3 games thrive

Play-to-earn games took the world by storm in 2021, and at their peak, some enthusiasts in South East Asia were able to supplement their incomes by getting involved.However, a crushing bear market and a series of hacks changed all that, and to make matters worse, the tokenomics with ...

Polygon 2.0 introduces upgrades to tap into ‘Value Layer’ of internet

On June 12, Polygon Labs announced “Polygon 2.0,” a set of upgrades that seeks to establish the “Value Layer” of the internet, which the company says will allow users “to create, exchange, and program value.” ...

Optimism successfully completes ‘Bedrock’ hard fork, reducing deposit times, layer-1 fees

The Optimism network concluded its “Bedrock” upgrade on June 7, reducing deposit times, lowering layer-1 fees and enacting additional security features, according to an announcement from network developer OP Labs. The upgrade is part of a series of reforms the developer says will help ...

Reimagining trust in Web3: Proof of Talk Summit unites industry titans in the Louvre Palace

Web3, the latest iteration of the internet that leverages the power of decentralization, is very much about building trustless ecosystems that naturally present credible services to its communities. Trust is a fundamental pillar of Web3. Communities should feel safe when it comes to their ...

Not all virtual worlds are based on fictitious designs — This one replicates Mars

The arrival of the PC was transformative for gaming — avid players could suddenly experience what it’s like to be a pilot, a train driver or even a goat through simulation.As cutting-edge as this new genre was, it also had its limitations. Powerful graphics cards were needed to ensu ...

Private ID verification wins Binance Web3 reality show

Crypto exchange Binance has announced the winner of its metaverse-based Web3 reality show, “Build the Block.” As a part of the show, startups competed against each other to win an investment from Binance Labs.In an announcement sent to Cointelegraph, Binance said that zkPass,&n ...

Web3 adds semantic layer to Ethereum for a decentralized society

Focusing too much on the tokenization of assets instead of encoding social relationships of trust was a key complaint regarding the current state of Web3 that found a clear voice in a mid-2022 paper published by Ethereum co-founder Vitalik Buterin along with E. Glen Weyl and Puja Ohlhaver. ...

Mysten Labs’ Sui network partners with F1 Red Bull racing team

The Sui network, backed by Mysten Labs, has announced a multiyear partnership with the Red Bull Formula One Racing team less than a month after the blockchain’s mainnet went live.In a June 1 announcement, Sui said it would be the official blockchain partner of the racing team, schedul ...

The Rise of BRC-20 and Bitcoin Ordinals: A Game-Changer for Cryptocurrency

Most of them are created in the BRC-20 network Miners have earned decent commissions on this According to Dune Analytics, more than 10 million records have been created in the Bitcoin Ordinals network. Of these, more than 80% belong to the BRC-20 standard. ...

Beijing Publishes Web3 White Paper, Aims to Lead Digital Economy Innovation

As reported in local publications, the Beijing Municipal Science and Technology Commission has published its own Web3 White Paper on Innovation and Development. Beijing aims to become an international innovation center for the digital economy. The document describes Web3 ...

Hong Kong Cyber Police Unveil CyberDefender Meta-Universe Platform

The Hong Kong Police Cybersecurity and Technology Crime Bureau (CSTCB) has unveiled a new meta-universe platform called CyberDefender The Cyber Police and the Police Technology Crime Bureau (CSTCB) launched a platform called CyberDefender of the Metaworld and held its first online event, "Explori ...

Polygon Co-founder Predicts Web3 Gaming as Key Driver for Cryptocurrency Adoption

The co-founder of Polygon, an Etherium scaling solution, Sandeep Naival believes that Web3-based gaming projects will be one of the main drivers of mass cryptocurrency adoption. During a Q&A session on the Reddit forum, Sandeep Naiwal was asked if he sees any blockchain ...

Mastercard EVP Highlights Blockchain’s Potential Beyond Investment Perspective

They called for looking at blockchain from more than just an investment perspective The cryptocurrency ecosystem offers much more opportunity Executive Vice President (EVP) of Mastercard Raj Dhamodharan spoke at the North America Innovation Day event. In addit ...

Polygon Network Partners with De.Fi for Enhanced Web3 Antivirus Protection

It will help protect against hacks and exploits more effectively Telling all the details Polygon Network has partnered with De.Fi, a developer of anti-virus software and security systems. By the way, this project comes from Ukraine. It's being built by a team ...

Incrypted Conference 2023: The Premier Crypto-Event in Ukraine

The first 100 early tickets were sold out within hours of the start of sales. This gives reason to say that Incrypted Conference 2023 claims to be the main crypto-event of the year in Ukraine. Top speakers from major international and Ukrainian projects, as well as industry fans will gather to di ...

Exploring Web3: The Future of the Internet with Decentralized Data Storage

"Internet of the Future" in the form of a World Wide Web concept based on cryptocurrency technology and decentralization, known as Web3, solves some of the problems of today's global network. Specialists of the cryptocurrency exchange Coinex in one of the recently published ...

Bitget’s Blockchain4Youth launches blockchain education courses

Bitget has officially launched blockchain courses at Bitget Academy and holiday promotions to coincide with Bitcoin Pizza Day. The educational courses are part of Bitget's Blockchain4Youth project to educate and empower the next generation of leaders. To support young ...

Coinbase Cloud Becomes Node Operator for Chainlink, Enhancing Web3 Security

It will become the node operator for the Chainlink ecosystem They have previously launched nodes on Aptos, Ethereum, Flow, Solana and Algorand This will benefit decentralization and oracle protection Coinbase Cloud will become the node operator for Or ...

Controversy Surrounds ConsenSys Privacy Policy Update and Metamask Wallet

This is what the company's new rules say It looks like Metamask Wallet could also fall under this amendment CEO 1inch Anton Bukov drew attention to a strange paragraph 4.3 in the new Consensys rules. It says that the platform reserves the right to withhold taxes ...

Bitget Quarterly Report Reveals Impressive Growth in Q1 2023

Crypto exchange Bitget published its quarterly report, which outlines the company's achievements and successes in the first quarter. Bitget increased its staff by 30% and the number of BGB token holders by 146%. ...

OKX Plans to Open Office in Turkey for Blockchain Innovation

Cryptocurrency exchange OKX announced plans to open an office in Turkey in the coming months as it believes in the country's potential for Web3 and blockchain innovation. "Opening an office in Turkey will be an important step for OKX as we move from a trust-ba ...

Chia Network Announces CODE Framework for Web3 Developers of Meta-Villages

The Chia Network cryptocurrency ecosystem has joined the meta-village trend by announcing a special framework. Blockchain green bitcoin project Chia Network will develop a framework aimed at Web3 developers of meta-villages. The ecosystem announced this in a press release. A novelty called COD ...

Incrypted Conference 2023: The Main Crypto Event of the Year in Ukraine

Conference 2023, the main crypto event of the year in Ukraine, will take place on June 10-11. Top speakers from major global and Ukrainian projects as well as industry fans will gather to discuss the development of Web3. The event will be held in two separate stages: Online Crypto Marathon ...

Chinese fintech giant Ant Group to launch Web3 open consortium test chain

GM! JP Morgan buys virtually bankrupt First Republik Bank to save depositors, even though the banking system is said to be generally doing well. Meanwhile, BTC closed April in the black, and Block has developed nanochips for mining bitcoin. Bulls and bears continue to battle, though, it's just an ...

CoinMarketCap Teams Up with Hello Labs for New Entrepreneurial Show “Killer Whales”

The company is integrating with Hello Labs to do so Participants will have the opportunity to submit new product and Web3 project ideas Application deadline is May 2 Filming begins in June CoinMarketCap is producing a new competition show ...

Major Upgrade of 1inch Wallet for Android Makes Web3 Interactions Easier

The upgrade will make working with Web3 much easier For example, you can set the maximum gas here Find out all the details of the upgraded wallet The 1inch Wallet for Android has received a major update. It provides smoother crypto-interaction and ope ...

Chinese fintech giant Ant Group to launch Web3 open consortium test chain

The company unveiled the project at a conference in Hangzhou Ant Group is also developing the open-source AntChain Bridge Chinese fintech giant Ant Group plans to launch a Web3 open consortium test chain that will be compatible with Ethereum. The company announce ...

Yuga Labs hires gaming industry veteran Mike Sievers for Otherside metaverse launch

Yuga Labs is bringing in some of the game industry's best experts as it prepares to launch the Otherside metaclass universe. ...

Robinhood Launches “Connect” Feature Allowing Direct Web3 Wallet Funding

The Robinhood platform announced the launch of Robinhood Connect, a feature that allows users to fund Web3 wallets without having to log out of the decentralized app or log into their accounts. The Robinhood platform announced the launch of Robinhood Connect, a feature that ...

World Economic Forum Recognizes Bitcoin Mining’s Environmental Benefits

The World Economic Forum (WEF) has acknowledged the positive impact of bitcoin mining on both the economy and the environment. According to their recent video publication, bitcoin mining has the potential to reduce greenhouse gas emissions significantly. The WEF advocates for the shift of mine ...

The Pokémon Company seeks Director of Corporate Development with NFT and Meta Universe expertise

The Pokémon Company needs a director of corporate development with NFT and meta universe skills Japanese company that owns the rights to the Pokémon brand, The Pokémon Company, is looking for a top manager with expertise in non-interchangeable tokens (NFT) and the meta universe. These are the ...

Square Enix Partners with Elixir to Introduce Web3 Gaming Elements

Square Enix, the well-known Japanese game publisher, has announced a new partnership with the Elixir platform, aimed at promoting the use of Web3 elements in gaming. Elixir offers a unique combination of traditional PC games and Web3-based video games, having recently integrated a library of proj ...

Smurf’s Society Launches Collection of NFTs Featuring Beloved Animated Characters

The Smurf's Society has recently announced the launch of an exciting NFT collection featuring the beloved Smurfs characters from the popular animated series. This unique collection consists of 12,500 one-of-a-kind NFTs, each showcasing a 3D image of various characters from the blue men cartoon, i ...

Cardano’s Upcoming Update Compared to Disney Theme Park Operators by Web3 Technologist

Vanessa Harris, the head of development at Finder and a knowledgeable Web3 technologist, recently drew an interesting analogy to describe the forthcoming update of the Cardano blockchain's key consensus protocol. According to Harris, this upgrade is similar to the innovative work of Disney theme ...

Polkadot Files Trademark for Blockchain-Based Mobile Messaging App

Polkadot, the blockchain-based project, has recently filed a trademark application for a unique mobile messaging application that is powered by blockchain technology. The application has been submitted to the US Patent and Trademark Office (USPTO), positioning Polkadot as a "level zero blockchain ...

Aptos (APT) on the Verge of Massive Rally to New All-Time Highs

Aptos (APT) may be on the verge of a massive new rally that could send the price to new all-time highs The Aptos project is a first-level blockchain, which is, in fact, the successor to the now abandoned Diem project from Meta * (recognized as extremist by the Russian authorities and banned in th ...

Coinbase Urges US Government to Clarify Cryptocurrency Regulations to Retain Web3 Innovators

Coinbase, a leading cryptocurrency exchange, has urged the US government to establish clear regulations for the cryptocurrency industry to retain highly skilled Web3 developers in the country. According to a report by Electric Capital, the US share in the development of Web3 has declined from 40% ...

Decentraland to Host Second Annual Metaverse Fashion Week (MVFW)

Decentraland is gearing up for its second annual Metaverse Fashion Week (MVFW), an event that will showcase a range of digital wearables from some of the world's most iconic fashion brands. The luxury district of Decentraland, which hosted last year's MVFW, will be the venue for this year's event ...

Swiss Digital Bank Sygnum Launches Abu Dhabi Branch to Serve Crypto Clients

Sygnum, a digital bank based in Switzerland, has opened a new branch in the Abu Dhabi Global Market (ADGM) to cater to affluent clients and businesses involved in cryptocurrencies. The bank's spokesperson revealed that Sygnum aims to expand its activities in the Middle East, hence the decision to ...

Fujitsu Applies for Cryptocurrency Brokerage Services Patent with USPTO

Fujitsu, the renowned Japanese technology conglomerate, has applied for a patent with the US Patent and Trademark Office (USPTO) to offer brokerage services for cryptocurrency trading. As part of the application, Fujitsu revealed a distinct logo that features the word "FUJITSU" with a stylized s- ...

Binance Opens Blockchain Hub in Georgia to Attract Talent and Drive Crypto Adoption

Binance, a leading cryptocurrency exchange, has made an exciting announcement regarding its plans to establish a new hub in Georgia. The main goal of this new center will be to attract talent within the blockchain technology field, while also promoting education and public initiatives related to ...

Gamium Enters Partnership with Meta*, Boosts GMM Token Price by Over 450%

Gamium, a blockchain startup specializing in the development of Web3 technologies for the metaverse, has recently announced a partnership with Meta*. The partnership, which is part of the Metaverse Activation Program initiative, is expected to provide Gamium with technical and expert support from ...

Hong Kong’s Crypto-Friendly Policies Attracting Cryptocurrency Firms

According to Christian Hui, the Minister of Financial Services in Hong Kong, the city's crypto-friendly policies are drawing the attention of numerous crypto companies, with over 80 expressing interest in establishing offices. This surge in interest is attributed to the official announcement of s ...

Microsoft Edge Browser Might Soon Have a Built-in Cryptocurrency Wallet, Says Researcher

Albacore, a software researcher hailing from central Europe, recently revealed a stunning discovery about Microsoft Edge browser. According to him, the browser code contains code for integrating a non-custodial cryptocurrency wallet. The screenshots shared by Albacore showed a user interface with ...

Nissan Files for Web3 and NFT-Related Trademarks: Plans to Develop Virtual Assets and Platform

Nissan, the well-known Japanese car manufacturer, has recently submitted four trademark applications pertaining to Web3, Non-Fungible Tokens (NFTs), and the Metaverse. Mike Kondoudis, an attorney licensed by the U.S. Patent and Trademark Office (USPTO), shared on Twitter that the pending applicat ...

Major Companies Driving Cryptocurrency Adoption: A Look at BlackRock, Visa, Mastercard, and More

According to a well-known cryptocurrency blogger, trader, and analyst, there has never been a better time to hold onto digital assets for the long haul due to the increasing number of companies entering the market. Lark Davis has compiled a list of major companies that are driving the adoption of ...

BingX partners with Mercuryo to offer Cryptocurrency Purchase through multiple Payment Methods

BingX users are set to enjoy the convenience of purchasing cryptocurrency through Mercuryo, a global payment infrastructure platform. With a variety of payment methods available, including Visa and Mastercard credit and debit cards, Apple Pay, and Google Pay, users can seamlessly complete transactio ...

Undeads Metaverse proposes a new approach to onboard traditional gamers to Web3

The Undeads metaverse team has unveiled a new method to introduce traditional gamers to the Web3 ecosystem, enabling them to start playing a P2E game without relying on cryptocurrencies or NFTs. Community-driven game development has surged in popularity with the integration of the blockchain indu ...

Google Cloud Partners with Tezos to Accelerate Web3 App Development

Google Cloud расширяет свой охват на различных блокчейнах и теперь сформировал новое партнерство, чтобы стать валидатором в сети Tezos, позволяя пользователям создавать свои собственные узлы. Данное партнерство направлено на ускорение разработки приложений Web3 на блокчейне Tezos, упрощая разрабо ...

The State of the Blockchain Gaming Industry in 2022: Successes and Challenges

Anticipated to persist in its robust growth from the previous year, the blockchain gaming industry is forecasted to make significant strides in 2023. This projection comes amidst an ongoing trend of traditional games implementing web3 elements that have been a result of the profound influence of blo ...