web3
Is Web3 like playing Minecraft?
Web3 puts major companies like Meta out of business and gives every user rights to develop the next big thing together. Decentralization and the combination of humans and machines will be the heart of the Web3 projects. There is a reason for users’ passive participation: We’re still busy trying to get the biggest part of the pie. But now, Web3 is in the pipeline. This is going to change radically. In the upcoming years, there’s going to be a shift from tech giants who are “the boss” to individuals who are taking the lead. When the development of Web3 is concluded and if you’re working within IT, blockchain or crypto space, you’re working on it too, we’re all going to be the boss. Data is going to be stored in a...
Electronic Music Industry Tops $6 Billion In 2021, Makes Key Strides In Web3: IMS Business Report
According to the newly published annual IMS Business Report 2022, electronic music continues to have an optimistic growth trajectory in a variety of key areas. As a sector, electronic music was valued at $6 billion in 2021, which is up 71% from 2020, but down 20% from 2019. Throughout the report, encouraging signs of the industry bouncing back in the aftermath of the pandemic continue to be apparent. Metrics including the number of festivals that book electronic artists and the quantity of search results for flights to Ibiza are up significantly year-over-year, but there’s still ground to cover when it comes to achieving the pre-pandemic levels of 2019. While the world was in a variable state of lockdown over the last two years, dance music made key strides in the digital arena. In 1...
VC Roundup: Gaming, crypto fintech and blockchain infrastructure dominate venture capital rounds
Cryptocurrency markets remain caught in a macro-based downtrend, with Bitcoin (BTC) and Ether (ETH) showing further signs of weakness at the end of April. But, venture capital activity in the crypto and blockchain sectors is the strongest it has ever been, offering further evidence that major investors are looking beyond immediate price action and ignoring divisive bull/bear narratives. The latest edition of VC Roundup highlights the growing excitement surrounding Web3 gaming, decentralized finance (DeFi) and blockchain infrastructure. The first quarter of 2022 was brutal for crypto prices, but venture capital activity was the strongest ever. bloXroute secures $70M from major investors Blockchain distribution network provider bloXroute has raised $70 million in funding to continue de...
Binance to drive crypto and blockchain awareness among Indian investors
Crypto exchange Binance announced the parallel launch of three key educational initiatives to fast-track educating Indian investors and students about the cryptocurrency and blockchain ecosystem. While recognizing the importance of investors’ awareness of crypto and blockchain, Binance highlighted that Indian regulators and policymakers cite the lack of education as an area of concern, which currently hinders the widespread adoption of crypto. Primarily targeting the student demographic in India, one of the three educational initiatives launched by Binance involves the initiation of the ‘Blockchain for Good’ Ideathon, a platform for college students to come up with solutions for making crypto more accessible and inclusive. Binance also partnered with India-based crypto influencers and educ...
4-digit ENS domains spike in demand this week and continue soaring
Ethereum Name Service, or ENS, .eth domains ranging from 0000 to 9999 have recently been causing a stir among NFT investors, speculators and enthusiasts alike. Even though three- and four-digit names have been around for years, the number of people registering for ENS domains and purchasing these digit number names on secondary markets over the past week has significantly affected the market’s trading volume. According to a Dune Analytics dashboard for ENS, the spike in sales began on April 21, and the number of eth. name registrations has since jumped from 2,721 to 21,188 by April 28. Over the last seven-day period, ENS domains’ trading volume on OpenSea climbed by 3,333% to 2,613 ETH, or $7.3 million, at the time of writing. The last 48 hours have seen the most...
Discover Candy Cult, a Festival-Focused NFT Collection Supporting Women In Music
Candy Cult is a Web3 community with a cause. In music industry professions across the board, women and marginalized groups continue to be underrepresented. With the proliferation of NFT technology, Candy Cult’s cofounders, Brooke and Nick, identified an opportunity to help move the needle. Candy Cult is a collection of 6,666 digital collectibles, randomly generated using a library of over 100 unique characteristics. The animated avatars are fashionably ready for festival season and not totally unlike the fans you’d find in the desert of Coachella, or the urban park grounds of Lollapalooza. Candy Cult is an acknowledgement that few things are sweeter than festival season. Following the public sale, Candy Cult is committed to supporting charitable organizations focused on the emp...
Web3 solutions aim to make America’s real estate market more accessible
America’s housing market may soon be facing its next bubble as home prices across the country continue to be fueled by demand, speculation and lavish spending that could result in a collapse. Moreover, many homeowners are opting to stay put due to climbing mortgage rates, creating a housing shortage. Data from the Federal National Mortgage Association, commonly known as Fannie Mae, found that 92% of homeowners think their current home is affordable. Yet, findings further show that 69% of the general population, consisting of both homeowners and renters, believe it’s becoming too difficult to find affordable housing. Web3 and the real-estate market While the fate of the United States housing market remains unclear, the rise of Web3 business models based around nonfungible tokens (NFTs...
Crypto Biz: The Web3 arms race is upon us, April 14–20, 2022
“Web3” used to be an empty industry buzzword that described the next iteration of the internet. In 2022, Web3 is still an annoying buzzword, but at least the blockchain community is trying to assign it real-world utility. This week’s Crypto Biz newsletter features several major funding rounds dedicated to building the Web3 economy. After reading through the stories, you can decide whether we’re actually getting closer to defining Web3. Oh, and remember all the buzz surrounding Special Purpose Acquisition Companies, or SPACs? A crypto-focused SPAC just closed an initial public offering on the Nasdaq, raising $115 million in the process. Framework Ventures allocates half of $400M fund to Web3 gaming Remember DeFi Summer 2020? Well, venture capitalists are gearing up for Web3 Summer 202...
How to use Minecraft to understand the Metaverse and Web3
What is the Metaverse? The Metaverse is a term coined by Neal Stephenson in his 1992 science fiction novel Snow Crash to describe a future virtual reality-based online world. Some have gone as far as pronouncing Stephenson’s novel a prediction of the future. Before you agree that it’s some mystical peek into the future and invoke the rules of time travel, let’s first investigate what the Metaverse is through the lens of something much more accessible: Minecraft. But, more on this later. Unlike the internet or even virtual reality as we know it today, the Metaverse would be a fully immersive 3D environment where people could interact with each other and with digital objects as if they were real. The Metaverse is yet to be fully existent. However, some platforms have already created experien...
Kygo and Ryan Tedder Unite As Animated NFT Band, Bored Brothers
As electronic music artists continue to adopt NFTs to offer fans unique experiences, industry heavyweights and Bored Ape owners Kygo and Ryan Tedder are now making a collaborative foray into the Web3 space. Kygo and the OneRepublic frontman are longtime creative collaborators, writing on a number of tracks and even performing together on Coachella’s main stage in 2018. They’ve now joined forces to launch Bored Brothers, an animated NFT band featuring their Bored Ape likenesses. For those unfamiliar, the Bored Ape Yacht Club (BAYC) is the world’s preeminent collection of digital collectibles, currently selling for over $300,000 each. The NFT collection counts Madonna, Mark Cuban, Steve Aoki, Justin Bieber and Paris Hilton—among many others—as token holders and ...
How Web 3.0 apps must adapt to become next-gen of tech, explained
Unlike Web 2.0 applications, offerings built on Web 3.0 are enabling users with true data ownership. Web 2.0 brought about a major change to how the world views the internet, introducing online platforms like TikTok, Twitter, Meta (former Facebook) and Instagram, among others. Although valuable in the number of opportunities made available, Web 2.0 has brought concerns about data ownership. With users spending more time online, their data, including what they like, the content they create and other details about themselves, are being shared with big tech companies, many of which have been caught in data scandals in the past and paid their way out of it. Web 3.0 addresses these concerns by presenting a new reality for application usage. Leveraging verifiable, trustless, self-governing, perm...
Why decentralized telecommunications is necessary to make Web3 a reality
The world knows the public internet as the best transport network and the backbone of their daily routines. However, if one looks closely, the internet is far from perfect, with many considering the network untrusted and its usage synonymous with poor reliability and performance issues. Although these faults were once overlooked, the impending Web3 revolution has led many to recognize just how far the current internet foundation is from supporting the increased usage and performance requirements that come with the metaverse, decentralized finance (DeFi) and other blockchain-technology use cases. Soon, every major company, industry and consumer experience will be shaped by the metaverse and accompanying technologies. One of the biggest gaps still yet to be filled is a network that can...
