Tag Archives: Web 3

Coinbase has unveiled an end-to-end encrypted, private, and portable messaging feature for its self-custody wallet product – Coinbase Wallet to enable users to connect directly through their wallet, engage with communities, as well as send payments across thousands of coins. The goal is to give Coinbase Wallet users full control and ownership over their identity and chats by eliminating unnecessary risk and potential losses with the help of messaging. Coinbase’s New...

Binance Academy – the educational arm of crypto exchange Binance – announced a partnership with Coursera. The collaboration with the leading online learning platforms that boast more than 124 million learners globally aims to bring educational opportunities to everyone in the form of a comprehensive suite of learning programs that are slated for launch over the next few months and beyond. Binance Academy Partners With Coursera According to the official press release shared...

Sony’s wholly-owned subsidiary – Sony Network Communications – has injected $3.5 million in a seed round for Singapore Web3 tech giant, Startale Labs in addition to yet another strategic collaboration. The deal was conducted via a private placement of new shares and did not have any other investors. Both firms have announced appointing Jun Watanabe, President and Representative Director of Sony Network Communications Inc., as a director of Startale Labs as part of the...

Self-custody infrastructure provider Safe (formerly known as Gnosis) has announced a strategic partnership with blockchain security firm Redefine. The main aim is to enable users to transact with “more confidence” by diligently checking each transaction which can be achieved by integrating Redefine’s pre-transaction risk assessment tool DeFirewall into Safe’s user interface. Enhancing Blockchain Security According to the official press release shared with CryptoPotato, the...

China seems to be opening up to some parts of the industry. Despite its hard stance on trading and owning cryptocurrencies like Bitcoin and Ethereum, the country is pushing for the development of Web3. During the parallel forum of the 2023 Zhongguancun Forum called Web3: Future Internet Industry Development, the Beijing Municipal Science and Technology Commission, alongside the Zhongguancun Science and Technology Park Management Committee, released a joint paper called...

It’s been a big week for Worldcoin, the blockchain brainchild of OpenAI CEO Sam Altman. The blockchain biometrics project is closing a $100 million funding deal. The investors in this round include new backers in addition to previous ones. Worldcoin’s $100 Million Seed Round Past seed round investors in Worldcoin include a16z (Andreessen Horowitz), Coinbase’s venture capital division, Khosla Ventures, and even Sam Bankman-Fried. (The disgraced FTX founder is currently...

Blockchain gaming giant – Animoca Brands – revealed around $3.4 billion in assets in an interim financial update that outlined its key unaudited financial positions as of April 30, 2023. The Hong Kong-based company announced that it remains financially strong with a cash and stablecoin balance of $194 million. The financial statement also reported liquid digital assets of $566 million, including reserves of SAND, the utility token used in The Sandbox platform. Additionally,...

Alibaba Cloud – a subset of Chinese e-commerce behemoth Alibaba – along with Avalanche has built a launchpad for businesses to deploy metaverses on the layer 1 blockchain. Dubbed “Cloudverse,” the platform is designed to serve as a one-stop, end-to-end solution for businesses to easily customize, launch, and maintain their own metaverse space, thereby creating new dimensions for engaging customers. Alibaba Cloud’s Metaverse Launchpad According to the official blog post, all...

Payment giant Stripe announced the launch of a fiat-to-crypto onramp to streamline process the for Web3 companies to enable US-based customers to purchase crypto. The company will also be opening the onramp to all Web3 users, in addition to the ones who joined the waitlist over the last few months. The onramp, whether embedded on a company’s site or hosted by Stripe, focuses on optimizing conversion and authorization rates. Such a mechanism in place makes it more likely that...

Move over “Shark Tank,” CoinMarketCap has teamed up with a Web3 entertainment company called Hello Labs – founded by multi-award-winning Hollywood director and producer Paul Caslin – to release a competition show designed to entertain and educate audiences across the world on the intricacies and evolving tech of the Web3 space. The new reality show is expected to capture the elements of both Web3 as well as entertainment. Killer Whales According to the official blog post, the...