“We are excited to be part of the developments of The Sandbox and to join other top players in the region, including our regulator, Dubai’s Virtual Asset Regulatory Authority (VARA), as part of the DubaiVerse. This is a great opportunity to bridge the gap between Web3 early adopters and GCEX clients, building a community around Web3 and digital assets.”
Hacken has updated its tokenomics to establish a decentralized HAI token, aiming to build a secure Web3 with trust as the default
Tokyo’s Shibuya Ward has teamed up with multi-chain smart contract network Astar Network to launch several Web3 initiatives, including hackathons and educational programs.
NFT marketplace Sparkles has went live on Flare Network, a decentralized blockchain system that uses its own consensus protocol.
Silicon Valley-based incubator OnePiece Labs is pursuing a joint mission with metaverse super app Uplandme to foster cutting-edge Web3 ecosystem using their respective knowledge and resources.
“The xPortal Super App is an instrumental step on our mission to build the backbone for a new digital financial system that spans across the physical and the metaverse world.”
Sensorium Galaxy’s VR multiplayer public playtest has been launched, with PRISM – a virtual world dedicated to music, being the first destination available to users.
The new iteration of the internet, Web3, which is open, decentralized, incentive-driven, and emphasizes distributed ownership, garners attention from individuals and companies, with big tech firms such as Meta and Microsoft and fashion brands like Nike exploring different ways to integrate it.
Global entertainment giant Sony has joined hands with blockchain innovation hub Astar Network to launch a Web3 Incubation Program dedicated to advancing relevant technologies, with a focus on helping promising startups gain initial traction.
Non-fungible token (NFT) marketplace Magic Eden inked a partnership with exchange and web3 infrastructure provider MoonPay to provide its users with easier access to buy crypto assets instantly.
“With this strong support and growing community, we will continue building out on Polkadot, Ethereum & Polygon.”
Although the crypto ecosystem has faced its fair share of bumps, Japanese automaker Toyota is seemingly bullish about the space and continue to look at Web3 as a promising opportunity.
Fasttoken, part of the Fastex web3 ecosystem, has secured $23.2 million in financing through the private and public token sales of its native cryptocurrency Fasttoken (FTN).
Bored Ape Yacht Club NFT #232 sold for 800ETH. But in truth, the sales of BAYC NFTs or Cryptopunks tell us very little about the NFT market.
“We are thrilled to partner with Venom Foundation, launching their new $1 billion fund. Even though the blockchain industry is witnessing a steep correction in prices, we believe that builders will continue to build and innovate. With Venom Ventures, we will be providing financial, technical, and marketing support to the most promising teams and projects in Web3 space to help them bring their visions to life.”
One of the prominent Web3 meetings, entitled ‘Building Blocks 23’, is set to take place in central Tel Aviv on February 7, featuring a lineup of some of the most influential names in the blockchain space.
Incentivization is a powerful tool, and by using blockchain to reward and encourage audience participation in the creative process, it is now possible to create a more sustainable and transparent creative economy.
“We’re excited to be working with DappRadar in broadening our customers’ DApp discovery and making app store and wallet interactions seamless.”
“In partnership with UNICEF, we’re excited to create an opportunity for Brazil’s youth to learn how to create the same opportunities for themselves through a multi-touch web3 experience showcasing fun, innovation, entrepreneurialism and community, as well as a real world academy to support them first hand.”
