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...

(Unsplash)
Blockchain Supporter NEAR Unveils $100M VC Fund Targeting Web3 Culture and Entertainment
The NEAR Foundation is collaborating with Caerus Ventures in the initiative, which will make seed round investments.
(Unsplash)

Director Quentin Tarantino settles a lawsuit with Miramax over NFTs. (Noam Galai/Getty Images)
Quentin Tarantino Reaches Settlement With Miramax in ‘Pulp Fiction’ NFT Lawsuit
The director’s copyright infringement saga is finally being put to rest.
Director Quentin Tarantino settles a lawsuit with Miramax over NFTs. (Noam Galai/Getty Images)

Slide CEO Teymour Farman-Farmaian (right) and Chief Technology Officer Sam Hatem (Slide)
Crypto Startup Slide Raises $12.3M to Connect New Users to Web3 Apps
Polychain Capital and Framework Ventures led the funding round.
Slide CEO Teymour Farman-Farmaian (right) and Chief Technology Officer Sam Hatem (Slide)

Art by Varvara Alay
Chicago Bulls to Release NFT Artwork Reimagining Its Iconic Logo
The collection invited NFT artists and designers like Bobby Hundreds, Deadfellaz and Ghxsts to redesign an NBA logo that hasn't changed since 1966.
Art by Varvara Alay

(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