Web3

CoinDesk placeholder image

Web3, or Web 3.0, represents the next generation of internet technology, integrating blockchain and cryptocurrencies into everyday online interactions. It's a decentralized online ecosystem where users have control over their data and transactions. Web3 is powered by blockchain networks, providing transparency, security, and trust. It's a key concept in the crypto world, involving various people, from developers and investors to everyday users. Companies are leveraging Web3 to create decentralized applications (dApps), offering users new ways to interact online. Crypto exchanges play a crucial role in Web3, facilitating the trading of digital assets and tokens that fuel the ecosystem. Web3 represents a paradigm shift, offering opportunities for investment, innovation, and the potential to reshape the internet.

Read less...

(Knights of Degen/OpenSea, modified by BeFunky)
The Degens' Sports Club
It's like a sportier version of Wall Street Bets, plus bar and NFTs. And it's showing how to build a vibrant community in Web3, says Jeff Wilser.
(Knights of Degen/OpenSea, modified by BeFunky)

Hellebore Siber NFTs (Hellebore)
Golden State Warriors’ Co-Owner to Start Fantasy Sports-Style NFT Game
The entrepreneur Nick Swinmurn’s foray into NFTs includes Gremlin-style collectibles that let owners predict outcomes in all the major sports leagues.
Hellebore Siber NFTs (Hellebore)

A DeGods owner shows off his NFT. (Archie)
NFT Software Company Dust Labs Raises $7M During y00ts Release
The announcement came during the high-profile and long-anticipated minting that’s taken the Solana NFT community by storm.
A DeGods owner shows off his NFT. (Archie)

y00ts is running one day late. (y00ts, modified by CoinDesk)
‘Blocker Bug’ Delays Highly Anticipated Y00ts NFT Mint
Whitelisted accounts for the Solana-based project will have to wait another day before getting their hands on the buzzy NFT collection.
y00ts is running one day late. (y00ts, modified by CoinDesk)

Future of Nigeria's Booming Crypto Scene
Future of Nigeria’s Booming Crypto Scene
Nigeria showed more interest in crypto than any other country since the markets began to decline in April, according to a study by price tracker CoinGecko. WomenInDeFi Brand S...
Future of Nigeria's Booming Crypto Scene

Nigerians Flock to Crypto as the Naira Weakens
Nigerians Flock to Crypto as the Naira Weakens
Some Nigerians are turning to bitcoin (BTC) to hedge against the naira’s drop in value amid a collapsing economy. Paxful Deputy General Counsel Jude Ogene and Africa Blockchai...
Nigerians Flock to Crypto as the Naira Weakens

Bill Murray's NFTs are safe and sound but his crypto flew the coop. (Coinbase, modified by CoinDesk)
Hacker Steals Bill Murray’s Crypto After $185K NFT Charity Auction
The auction's original runner-up bidder has already offered to replace the stolen funds.
Bill Murray's NFTs are safe and sound but his crypto flew the coop. (Coinbase, modified by CoinDesk)

"NO STRINGS ATTACHED" (Cryptonatrix/cryptoart.io)
Web3 Is Still Censoring Sex Workers
Internet decentralization has not stopped the shadow-banning of sexual images, adult performers say.
"NO STRINGS ATTACHED" (Cryptonatrix/cryptoart.io)

Snap is disbanding its Web3 team. (Shutterstock)
Social Media Giant Snap Disbands Web3 Team Amid Mass Layoffs
The company, which reported its lowest growth numbers in five years during the second quarter, will lay off a fifth of its staff. 
Snap is disbanding its Web3 team. (Shutterstock)

Bill Murray's charity auction sparked a bidding war (Coinbase)
‘Beer With Bill Murray’ NFT Sells for $185K in ETH at Charity Auction
The NFT sold on Coinbase's NFT marketplace prompted a bidding war Wednesday in an effort to raise money for charity.
Bill Murray's charity auction sparked a bidding war (Coinbase)