Web3

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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.

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(Silver Screen Collection/Getty Images)
Hollywood Legend Steve McQueen Honored as 'King of Cool' in New NFT Collection
The racing-themed collection with 1,000 NFTs will give holders access to token-gated content, events and games celebrating the actor's love of motorcycle racing.
(Silver Screen Collection/Getty Images)

Swiss Women's National Team (Credit Suisse)
Credit Suisse and Swiss Football Association to Release Women's Football NFT Collection
All the proceeds from the collection, featuring portraits of the Swiss Women’s National Team, will be donated to support women’s football in Switzerland.
Swiss Women's National Team (Credit Suisse)

(Yuga Labs)
Bored Ape Yacht Club NFT Floor Price Sinks to 20-Month Low
The floor price of the Yuga Labs NFT collection fell to 27.4 ETH, or about $53,000, on Sunday evening before rebounding slightly.
(Yuga Labs)

First Animated Film Funded by a DAO Brings Nouns NFT Collection to Life
First Animated Film Funded by a DAO Brings Nouns NFT Collection to Life
Atrium, a network of independent Web3 artists and creators, has released the pilot for “The Rise of Blus: A Nouns Movie,” turning the popular NFT collection into entertainment...
First Animated Film Funded by a DAO Brings Nouns NFT Collection to Life

Hong Kong's Task Force for Web3 Development; South Korea Passes Crypto Bill
Hong Kong's Task Force for Web3 Development; South Korea Passes Crypto Bill
The Hong Kong government established a task force for promoting Web3 development, according to a press release on Friday. This comes as South Korea's National Assembly passed...
Hong Kong's Task Force for Web3 Development; South Korea Passes Crypto Bill

Azuki Elementals (OpenSea)
Azuki Is Rebuilding After Its Elementals Mint Mishap
Azuki’s latest expansion of its NFT ecosystem missed the mark, while Candy Digital and Palm NFT are merging together to create a superpowered NFT production studio. Also, Warn...
Azuki Elementals (OpenSea)

Harry Styles at Madison Square Garden. (Cam Thompson/CoinDesk)
Harry Styles Concert App Takes Fans in More Than One Direction With Blockchain Rewards
At a recent concert, 5,000 of the pop star’s fans opened digital wallets through the EVNTZ app, paving the way for future blockchain-based rewards.
Harry Styles at Madison Square Garden. (Cam Thompson/CoinDesk)

Azuki Elementals (OpenSea)
Azuki Teases Anime Series, New Artwork After Missing the Mark on Elementals Mint
The team behind Azuki discussed ways to rebound after its community was left frustrated by the new Elementals NFT collection.
Azuki Elementals (OpenSea)

GPU prices have taken a toll, and it's hitting Nvidia's bottom line. (FritzchensFritz/Creative Commons, modified by CoinDesk)
Web3 Can Actually Compete in the Computer Chip Race
Decentralized infrastructure, aka DePIN, offers competitive alternatives for GPU-hungry AI startups in need of cheap and secure data storage and other computational resources.
GPU prices have taken a toll, and it's hitting Nvidia's bottom line. (FritzchensFritz/Creative Commons, modified by CoinDesk)

Lacoste UNDW3 card. (Lacoste)
Lacoste Expands Its NFT Ecosystem With New Rewards
The latest expansion of the Lacoste Web3 universe grants holders access to "creative sessions, contests, video games and interactive conversations."
Lacoste UNDW3 card. (Lacoste)