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Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. It may be a crypto winter, but web3 projects are still churning out important announcements — from funding to partnerships to acquisitions. But the clamor for attention
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Analysts at DappRadar say the decline in funding is due to the distinct market dynamics of 2023. Web3 gaming projects raised $600 million in Q3 2023, which is 50% lower than in Q3 2022, according to data provided by DappRadar. Although the number of deals in the third quarter was not
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On Oct. 13, NvirWorld partnered with the Internet Computer Protocol (ICP) to activate the web3 ecosystem. The Memorandum of Understanding (MOU) between the two companies will see NvirWorld integrate the ICP network into its web3 game ecosystem and expand it. As part of the agreement, NvirWorld will operate a web3 gaming launchpad
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Through this partnership, Immutable will be able to grow its business further as AWS provides it with a large pipeline of potential gaming studio partnerships worldwide. Immutable, a leading company in web3 gaming, has announced a strategic partnership with Amazon Web Services (AWS), a major cloud computing services provider, to achieve
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Web3 gaming platform Immutable has partnered with Amazon Web Services to extend options for game developers as the cloud service provider expands its startup accelerator programs.In an Oct. 10 blog post, Immutable said AWS added it to a list of companies within its ISV (independent software vendors) Accelerate Program, where
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The Web3 Foundation, a firm whose flagship project is the Polkadot blockchain protocol, has unveiled a new initiative to allocate $22.08 million and 5 million DOTs throughout the year 2024. This move aims to bolster the existing community-governed funding mechanism, which originates from the Polkadot Treasury. More updates to come Web3 Foundation was
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Mainstream Bitcoin (BTC) adoption won’t happen until it bridges to the Ethereum Virtual Machine (EVM) — the first point of entry for many real-world assets moving on-chain, a Web3 executive argues.Speaking to Cointelegraph, the founder of cross-chain infrastructure firm Botanix Labs, Willem Schroé, claimed Bitcoin “needs to start playing in
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The METAPIXEL game, a high-profile Web3 project developed by Korea’s NPIXEL, has been put on indefinite hold, with all team members removed from the project. Popular web3 game METAPIXEL has stopped operations, according to several team members. As posted on X (formally known as Twitter) earlier today, all members of the
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A collective of local leaders in the cryptocurrency space, including Cryptox, 42Studio, MarketAcross, Collider Ventures, CryptoJungle, Nilos, Blockchain B7, Efficient Frontier, Ironblocks, the Israel Blockchain Association and Bits of Gold, have joined together to establish Crypto Aid Israel, a global fundraiser to help displaced Israeli citizens in need of humanitarian
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Web3 platform Galxe experiences a security breach, as several users report losing access to their funds and wallets. Leading web3 community-building platform Galxe has suffered a security breach. Multiple users have reported being unable to access their funds and wallets on the platform. The Galxe website is also down. The platform has posted
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