Tag Archives: Web 3

Polkadot’s leading parachain and innovative hub, Astar Network, has partnered with Tokyo’s special ward Shibuya to support the city’s Web3 initiative. According to a press release sent to CryptoPotato, the partnership will see Astar and Shibuya team up to foster the development of Tokyo’s Web3 strategy. Astar Network Partners Shibuya City As per the release, the alliance is the first between a Japanese blockchain firm and one of Tokyo’s biggest and most densely populated...

On March 1, MetaMask announced its latest upgrade, which is a software development kit (SDK) in the Unity Asset Store. It will allow developers to connect their games to the MetaMask wallet, enabling users to interact with Web3-enabled features within the game itself, it stated. The Unity Asset Store is a platform for decentralized gaming assets. It approves third-party gaming solutions to help users and developers manage digital assets and set up smart contracts. The...

Tencent Cloud announced strategic collaborations with prominent companies in the crypto industry namely – Ankr, Avalanche, Scroll, and Sui – to support the development of the Web3 ecosystem. According to the official statement by the subsidiary of the Chinese tech giant, the latest move aims to establish close relationships with industry partners to assist developers to accelerate the adoption of Web3. Tencent Fortifying Presence in Web3 Tencent Cloud International’s Senior...

Tim Berners-Lee – the inventor of the World Wide Web (WWW) – believes cryptocurrencies are “dangerous” and investing in them is similar to gambling.  However, he argued they could be useful for conducting transactions if converted into fiat when received. Not a Crypto Fan In a recent appearance on CNBC, the British computer scientist best known for creating the World Wide Web – Tim Berners-Lee – warned investors to stay away from cryptocurrencies as they are “speculative” and...

Sony Network Communications (a tech provider under the umbrella of the Sony Group) partnered with Polkadot’s innovation hub – Astar Network – to present a Web3 Incubation Program. Users willing to join can apply until March 6, 2023.  Focusing on NFTs and DAOs  According to a document seen by CryptoPotato, the program will run from mid-March to mid-June, as people can apply from February 17 until March 6. The partners will review the inquiries and approve 10 to 15 users. Sony...

Tom Dunleavy – Senior Research Analyst at Messari – thinks there is a bright future for the blockchain platform Polygon. It has shown significant growth over the past few years, increasing the number of its developers and attracting some major institutions.  Dunleavy took it to Twitter to lay out the most notable recent achievements of the layer 2 blockchain platform. He mentioned the active addresses, whose number has surged by 90% quarter over quarter (QoQ), and added that...

The Web3-oriented Venom Ventures Fund (VVF) invested $5 million in Everscale to aid its expansion efforts. The fund saw the light of day earlier last month after collaborating with the Abu Dhabi-based Iceberg Capital Limited and Venom Foundation. The ‘Strategic Investment’ According to a document seen by CryptoPotato, VVF’s financing aims to support the Web3 industry by solving its scalability issues. It should also help Everscale complete its goal of hiring more developers...

Amazon is reportedly working on a digital assets company that will power an NFT marketplace this spring. According to sources interviewed by the media outlet Blockworks, the retail giant has been buying digital collectibles companies from various players in the crypto ecosystem to power its new venture. So far, Amazon has invested in layer-1 blockchains and crypto gaming companies and has hired developers from NFT companies and cryptocurrency exchanges for its own blockchain...

ConsenSys – a blockchain software technology company – and Amber Group – a cryptocurrency platform based in Singapore – are the latest entities in the digital asset sector to announce staff layoffs.  The former will trim its team by approximately 11%, while the latter reportedly plans to reduce its Hong Kong division by 50%. Adjusting to ‘Uncertain Market Conditions’ Joseph Lubin – CEO of ConsenSys – said his organization made the “extremely difficult decision” to lay off 96...

Polygon founder Sandeep Nailwal has unveiled the first 13 Web 3 companies to participate in Beacon, his newly launched startup accelerator. The team has confirmed that companies involved in the next cohort will each receive $250,000 in support, for an $8 million post-money valuation.  Fostering Web3 Growth Nailwal announced Beacon’s launch late last year, with the goal of helping Web 3 founder navigate the challenges of the industry. It uses weekly sessions and mentoring to...