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Currently, there are a few key benefits we can point to when talking about the value that Web3 brings to games, including digital asset ownership, open and permissionless marketplaces, interoperability, transparency, provable scarcity, and community building. But earlier this year, Philip La, a former product manager for Axie Infinity and
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Blockchain privacy firm Nym Technologies has launched a $300 million funding program aimed at providing capital to projects building security-focused infrastructure.The Nym Innovation Fund will draw capital from venture capitalist investors such as Polychain, KR1, Huobi Incubator and Eden Block and will focus on supporting projects building Web3 privacy-focused tools
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The New York and Tel Aviv-based company said it would use the funding to scale its product, customer base and team to address the industry’s security challenges. Source
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On Oct. 10, the development team for gaming project FinSoul carried out an alleged exit scam, siphoning away $1.6 million from investors through market manipulation, according to a recent report from blockchain security platform CertiK shared with Cryptox. The FinSoul team allegedly hired paid actors to pretend to be its executives,
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Web3 represents the next phase of the internet, characterized by decentralization, user ownership and equitable value distribution. Like all new technologies, its success depends on addressing market needs and understanding user challenges. However, many Web3 initiatives have missed achieving a product-market fit, often adopting a “build it and they will
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Insomnia Labs has partnered with several companies to incorporate web3 elements into brand loyalty. New York-based technology firm Insomnia Labs on Oct. 18 announced a partnership with several web3 companies, including Co:Create, Smart Token Labs, Cookie3, and Crossmint, to launch a brand loyalty initiative dubbed Loyalty+. In a statement shared with crypto.news,
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"We’re reducing friction and making blockchain transactions more accessible to everyone,” Gagan Mac, head of product for Web3 services at Circle, said in a statement. "With the launch of Gas Station, we are abstracting away blockchain transaction fees for end users and Smart Contract Platform makes it easier for businesses
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Privacy-focused Gnosis Chain and venture capital firm Factor led the investment, according to a press release shared by the firm. Crypto wallet provider Safe, social media privacy solution Mask Network, decentralized file storage Arweave Ecosystem and its ecosystem incubator Forward Research, Web3 credentials network Galxe, ex-Coinbase Balaji Srinivasan and other
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Michelle Yeoh has stiff competition for her deserved Oscar as the multiverse-hopping Evelyn in one of last year’s hottest movies. Web3 firms are also creating an “everything bagel multiverse,” attempting to be all things to all people, all the time. But, the reality is that we humans have simpler tastes.
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This brand overhaul aims to enhance Web3 accessibility for a new generation of users by offering a well-designed platform that combines user-friendliness with powerful features. On Monday, October 16, one of the most popular decentralized cryptocurrency wallets – Trust Wallet – shared the details regarding the much-awaited update. In the
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