Tag Archives: Web 3

More than 30% of blockchain games announced in 2023 have been reported as discontinued or canceled, as per the data provided by the Big Blockchain Game List. As of January 2024, the list encompasses 911 games, with 334 currently live and 577 still in development. Blockchain Games Face High Discontinuation Rate Out of the cumulative 1,318 blockchain games ever listed since the initiative’s launch in 2021, a significant 31%- equivalent to 407 games – now are categorized as...

SAND, the native token of metaverse platform ‘The Sandbox,’ has gained over 40% in the past month, driven by a broader market resurgence that pushed its price to $0.61, a level last seen in April this year. SAND is one of the popular GameFi tokens that initially gained prominence in 2020-2021 amid the pandemic, providing individuals with an alternative source of income during lockdowns. Despite the initial prominence of GameFi tokens in 2020-2021 during the pandemic, their...

Polygon Labs has discontinued contributions to its Edge platform which is designed to build custom Ethereum-compatible blockchain networks. This decision reflects the company’s plans to prioritize the expansion of the Polygon Chain Development Kit (CDK), the open-source development toolkit for building ZK-powered Layer 2 chains on Ethereum for both Web3 projects and Web2 enterprises. Polygon CDK Set to Take Center Stage In the official announcement, Polygon Labs – the...

The global media giant Forbes announced the launch of its esteemed Under 30 list on the Ethereum blockchain. This initiative represents a milestone, combining conventional media’s reputation with blockchain technology’s transformative power. Ethereum-Based Under 30 List Fuses Media with Web3 Tech The Under 30 list, famous for highlighting the world’s most promising young entrepreneurs, innovators, and leaders, now takes a monumental leap. By utilizing the Ethereum blockchain,...

Unstoppable Domains is currently facing criticism for allegedly appropriating the open-source advancements of the Ethereum Name Service (ENS) through the filing of a patent named “Resolving Blockchain Domain Names” in January this year. In an open letter, Nick Johnson, the lead developer of ENS, expressed significant concerns about Unstoppable Domains’ patent applications related to blockchain domain names while highlighting ENS’ advocacy for open source, open standards, and...

SBI Holdings, a prominent Japanese financial company, is preparing to launch a $663 million fund supporting Web3, AI, and other fintech startups. The fund is slated to invest in 150-200 companies and is anticipated to begin operations by the current year’s end, as Nikkei Shimbun reported. Japan’s Startup Fund Momentum with Major Backing The SBI Holdings investment scale is expected to be robust, ranging from hundreds of millions to billions of yen per project. This ambitious...

South Korea’s largest wireless carrier – SK Telecom – has announced signing a tripartite agreement with Aptos Labs and Atomrigs Labs. The latter serves as its technology partner. According to the official announcement on the LinkedIn post, the strategic partnership is expected to enhance SK Telecom’s affiliations with customer-preferred mainnets and decentralized applications(dApps). The focus will also be on its Web3 wallet service, T wallet. The collaboration with Aptos...

In the rapidly evolving landscape of technology, Web3 stands as a beacon of innovation, poised to redefine how we interact with the digital world. Unlike its predecessor, Web2, which primarily focused on user-generated content and social networking, Web3 places decentralization at its core. It leverages blockchain technology to empower users with greater control over their data and digital assets. This paradigm shift has garnered widespread attention, spearheading a new era...

Web3 gaming platform Immutable recently announced a partnership with Amazon Web Services (AWS). This collaboration is set to revolutionize the world of blockchain gaming, ushering in a new era of possibilities for game developers in the crypto space. Immutable Joins AWS’s ISV Accelerate Program According to an Oct. 10 statement, Immutable has recently joined AWS’s ISV Accelerate Program, a sales program designed for companies leveraging AWS services in their products....

Galxe, a Web3 credential project, instructed users not to interact with the platform following a security breach on its website. Meanwhile, on-chain sleuth ZachXBT says the hackers are likely the same as the rogue actors that recently attacked Balancer’s front end. Galxe reported the security incident via its official X handle on October 6, asking users not to visit the compromised site until the issue was resolved. 🚨Update: We’ve detected a security breach affecting the DNS...