Web3 Financial News

Blockchain venture firm CoinFund has launched a new investment fund devoted to Web3 and other crypto-focused startups, opening the door to fresh funding opportunities for entrepreneurs during the bear market. 

Metaverse’. This comes at a time when the inflation rate has reached its peak due to siloed ecosystems, distribution nightmares, and the rising costs of centralization control — which is pushing the dire need for decentralized architecture. However, the rising advancement of virtual and augmented reality technologies have made businesses and nations recognize the potential of the virtual worlds.

Cryptocurrency race next year

crypto exchange, CoinDCX has announced to host 'UNFOLD 2022' to bring developers, investors, Web3 startups and regulators from August 26-28, 2022, in Bangalore. The aforesaid event is aimed to showcase and discuss how India can leverage its Web3.0 talent and knowledge to be a global leader. UNFOLD 2022 will provide a platform for industry stalwarts to discuss the trends of Web 3.0.

Global coffee store franchise giant Starbucks is looking to launch a new Web3 rewards program to attract and retain customers, according to its interim CEO Howard Schultz.

Match Group, the parent company of popular dating app Tinder, says it is cutting funding for Web3-related research and development amid disappointing Q2 earnings and the departure of Tinder'scurrent CEO. 

The upcoming Muse NFT album will be the latest chart-eligible album format since 2015. Prior to this album concept, the last format to be accepted by international charts was album streams. Nonfungible token (NFT) albums are now eligible for both United Kingdom and Australian charts. 

Layer-1 blockchain developer Aptos Labs has closed a $150 million funding round to further its ambitions in the Web3 space, further highlighting venture capital’s appetite for budding crypto-focused startups. 

Metaverse and Web3 have become catch-all terms that describe some aspects of the future internet. Beyond the hype, however, these technologies are building immersive worlds that intersect digital and real life. As more people migrate to the metaverse to work, play and “live,” so to speak, real-world complications are bound to arise. 

Popular Ethereum (ETH) Layer-2 scaling solution Polygon (MATIC) has announced zkEVM, the "world’s first zero-knowledge (ZK) scaling solution" that is "fully compatible" with Ethereum.

Anime and manga are staples of Japanese culture — and in recent years, they've taken the world by storm.

With various cryptocurrencies across the world plunging to an all-time low without showing any sign of slowing down anytime soon, many crypto lenders in the industry are forcing themselves to take drastic steps like blocking transactions to control the volatility among crypto assets, and exchanges are planning on laying off staff to keep themselves in a steady situation. Earlier this year, the US Federal Reserve decided to hike interest rates, following which investors started selling riskier assets, sending the prices of cryptocurrencies, tokens, and other digital assets on a bumpy roller coaster ride. In addition, the crypto business is currently experiencing a «perfect storm» of factors, a combination of rising oil prices, the war conflict in Ukraine, and the ever-looming possibility of monkeypox and the return of Covid-19.

Decentralized Web3 infrastructure provider Ankr Network (ANKR) has introduced its Ankr Network 2.0 upgrade aimed at transitioning blockchains into more resilient node networks.

While many businesses are intrigued by the proposed benefits that the blockchain can provide, finding technical experts has proven to be another concern altogether. Since blockchain technology is relatively new, few know the ins and outs of troubleshooting decentralized applications (DApps) and those that do are costly to hire. Therefore, allocating resources effectively continues to be a debilitating barrier for businesses looking to prove the return on investment (ROI) on a proposed blockchain project.

Web3, the third iteration of the internet, is rapidly approaching the consumer mainstream with the promise of disrupting the status quo of digital interactions and creating a new paradigm for democratic engagement. 

Cryptocurrency exchange Binance has signed TikTok's most followed creator Khaby Lame as its global brand ambassador.

Blockchain projects are on the rise since developers are pushing the boundaries of what is possible when trying to leverage the technology’s capabilities and because of the knowledge that no perfect solution may ever exist. For these reasons, cross-chain technology is becoming a joint discussion for enhancing interoperability between different blockchains. Simply put, this technology is the bridge that allows value and information to be transferred between networks.

Akshaya.io, an NFT marketplace launched its 'phygital' collection by Masterchef Vikas Khanna based on his book Sacred Tastes of India on Thursday. Commenting on the volatility in the crypto and NFT markets, Ganesh Raju, Founder and CEO, Akshaya.io said, in an interview with Etmarkets.com, that the web3 technology is going to revolutionise the e-commerce landscape. According to him, NFTs are more often than not related to just digital artworks of monkey images or cat images, which leads to question — what is the true value of such collectibles. This has led to emergence of the 'phygital' concept — phygital + digital.

The hype around NFTs is reaching critical mass, with public figures, celebrities like Justin Bieber and Jimmy Fallon, and major businesses putting significant investments into the digital sphere. For many, the actions of these parties call into question what all the attraction is about. 

Looking at our world today, there is no shortage of ideas, with new ideas coming up every day, nay, every hour. But, ideas are much more powerful than they seem on the surface. Consider that with some funding and the help of a strategic team, an idea can become something real ––  a new technology or a solution to a major world problem. With so much value on the line, it is no secret that it becomes a human tendency to want recognition for ideas. 

Over the last century, motion pictures have provided a two-dimensional experience, bringing some of the world's most told stories to life. Unfortunately, despite their ability to breathe life into the written word, movies have traditionally originated with a centralized heritage guided by institutions that monopolize the creation of these stories.