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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"Themes and Variations" by Vera Molnar, modified by CoinDesk. (Sotheby's)
Sotheby's to Launch On-Chain Generative Art Program Powered by Art Blocks Engine
The first sale on July 26 will honor generative art pioneer Vera Molnar, who is considered to be the first female digital artist.
"Themes and Variations" by Vera Molnar, modified by CoinDesk. (Sotheby's)

Atmosphere (Shutterstock/CoinDesk)
Consensus Web3athon 2023 Reveals Its Winners
Six projects building on five blockchain protocols will take home over $200,000 in grants to help fund development.
Atmosphere (Shutterstock/CoinDesk)

(Artur Debat/Getty Images)
Warner Music Group Partners With Polygon on Blockchain Music Accelerator
The chosen projects will receive funding from both WMG and Polygon Labs and will also be eligible for mentorship and networking opportunities.
(Artur Debat/Getty Images)

Azuki Elementals (OpenSea)
Azuki 'Elementals' NFT Mint Sells Out in 15 Minutes, Raking in $38M
Existing Azuki and BEANZ holders got first dibs on minting the collection, which sold out before making it to public sale.
Azuki Elementals (OpenSea)

(BlackSalmon/Getty Images)
Web3 Infrastructure Firm Crossmint Launches Wallet-as-a-Service to Expand NFT Use Cases
The new API will allow users to create smart contracts and send NFTs via email, with the infrastructure to generate wallets for NFT collectors.
(BlackSalmon/Getty Images)

Disney CEO Bob Iger in a tuxedo on the red carpet in May 2023.
Los Angeles: Where Hollywood Magic and Creativity Meet Web3
The City of Angels is a global influencer in art, fashion and, especially, entertainment. Less known are its significant contributions in technology innovation. Taken together...
Disney CEO Bob Iger in a tuxedo on the red carpet in May 2023.

Nextberries' digital designs (SYKY)
Web3 Fashion Platform SYKY Launches Incubator for Emerging Digital Designers
The Seven Seven Six-backed SYKY platform will work with a group of 10 digital designers to grow their skills in the year-long incubator program.
Nextberries' digital designs (SYKY)

Fableborne (Pixion Games)
Avalanche-Backed Web3 Gaming Studio Pixion Games Closes $5.5M Seed Round
The funds will go towards building out Fableborne, the studio’s flagship Web3 game.
Fableborne (Pixion Games)

Bitcoin Investment Sentiment Turns Bullish; Hut 8 Secures Up to $50M in Loans From Coinbase
Bitcoin Investment Sentiment Turns Bullish; Hut 8 Secures Up to $50M in Loans From Coinbase
"CoinDesk Daily" host Jennifer Sanasie takes a look at today's hottest headlines in the crypto industry. Digital asset investment products witnessed the largest single weekly...
Bitcoin Investment Sentiment Turns Bullish; Hut 8 Secures Up to $50M in Loans From Coinbase

Azuki Elementals. (Chiru Labs/modified by CoinDesk)
Azuki Unveils New ‘Elementals’ Collection, Expanding Its NFT Ecosystem
A portion of the yet-to-be-revealed 20,000-edition NFT collection was airdropped to holders on Friday.
Azuki Elementals. (Chiru Labs/modified by CoinDesk)