Tag Archives: Web 3

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...

Sam Curry, a security engineer at Yuga Labs, was at the center of a federal investigation conducted jointly by the Internal Revenue Service’s Criminal Investigation Division (IRS-CI) and the Department of Homeland Security (DHS). The investigation traces back to Curry’s involvement in uncovering a cryptocurrency phishing website in December 2022. Sam Curry’s Encounter with Federal Agents Curry shared the incident on his X account, detailing the events that led to his subpoena...

Coinbase, one of the most popular crypto exchanges, continues its expansion journey with the official launch of its Web3 wallet designed to facilitate transactional interactions for major institutions with Web3, DeFi, and NFTs. Per Coinbase’s statement, this crypto wallet will rely on MPC tech to enable clients to store tokens from supported networks, access funds, interact with dApps and smart contracts, and tap into decentralized liquidity to trade a wide range of assets....

Typically, in order to interact with Ethereum, participants have to use the so-called Externally Owned Accounts (EOAs). Today, EOAs are the only way to initiate a transaction or execute a smart contract. Naturally, this puts certain limitations on the way users can interact with the network. A simple example would be that it makes it challenging to do batches of transactions. A way to tackle the above issue is through account abstraction. The term itself carries specific...