Web3

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.

Web3

New York Cares Non-Profit Highlights Using Web3 for Good With NFT Fundraise

The Stand with Students initiative, dedicated to supporting underprivileged youth, will feature over 16,000 digital pieces created by Open AI’s DALL-E.

By Cam ThompsonOct 13, 2022

An NFT from Pablo Stanley's Humankind collection (Pablo Stanley)

Policy

UK Lawmaker Matt Hancock Doesn’t Regret Pro-Crypto Swerve

The former cabinet minister is pushing for the government to be more pro-innovation.

By Jack SchicklerOct 13, 2022

U.K. lawmaker Matt Hancock (Matt Hancock)

Finance

Crypto Sleuth ZachXBT’s Efforts Lead to Prosecution of Alleged Bored Ape NFT Scammers

The phishing scam, where people were defrauded out of millions of dollars worth of NFTs, was brought to light in August.

By Shaurya MalwaOct 13, 2022

(Bored Ape Yacht Club, modified by CoinDesk)

Finance

Google’s Partnership With Coinbase Is ‘Validation’ for the Crypto Industry: Oppenheimer

Owen Lau, senior analyst at investment bank Oppenheimer, joined “All About Bitcoin” to discuss what Google’s partnership with crypto exchange Coinbase could mean for other crypto-native companies.

By Fran VelasquezOct 12, 2022

Finance

Zerion Raises $12.3M to Facilitate Interoperable Web3 Identity

Originally a DeFi platform that released a Web3 wallet in May, Zerion now aims to make Web3 data and identity transition seamless across applications.

By Cam ThompsonOct 12, 2022

Unstoppable Finance has raised $12.8 million to develop its DeFi wallet. (analogicus/Pixabay)

Web3

DappRadar Says It’s Recalculating Decentraland User Data

The data tool is working with the metaverse platform to more accurately track its number of daily “active" users following a CoinDesk report.

By Cam ThompsonOct 11, 2022

Virtual shtick aside, the metaverse has its share of bad actors. (Danny Nelson/CoinDesk)

Web3

CNN Shutters Vault NFT Marketplace, Prompting Rug Pull Accusations

The cable news network said the platform was originally launched in June 2021 as a six-week experiment.

By Cam ThompsonOct 11, 2022

Videos

CNN Shuts Down its Web3, NFT Project 'Vault'

"The Hash" panel reacts to cable news network CNN shutting down its Web3 project "Vault," exploring the potential impact of crypto winter.

Oct 11, 2022

Videos

Google Collaborates With Coinbase to Accept Crypto Payments for Cloud Services

Google will start accepting crypto payments for cloud services early next year via an integration with crypto exchange Coinbase. "The Hash" panel discusses Google dabbling in Web3 and the potential outcomes.

Oct 11, 2022

Web3

OpenSea Aims for an Avalanche of NFT Interest

Avalanche is best known for its DeFi presence, but it is making strides to establish itself in the NFT space with its launch on OpenSea.

By Cam ThompsonOct 11, 2022