web3
Dubai to ramp up metaverse efforts with 40,000 new jobs
One of the leading crypto hubs in the Middle East, the emirate of Dubai, launches the Dubai Metaverse Strategy that aims to turn it into one of the world’s top 10 metaverse economies. The strategy promotes Dubai’s ambitions to support more than 40,000 virtual jobs by 2030. On July 18, the Emirates News Agency reported about the launch of the Dubai Metaverse Strategy by Vice President, Prime Minister and Ruler of Dubai, H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum. Al Maktoum hopes to transform the emirate into a global tech capital, focusing primarily on artificial intelligence (AI) and Web3. Dubai Metaverse Strategy goes in line with the objectives of the United Arab Emirates AI Strategy to enhance the nation’s status as one of the world’s leading countries in futuristic se...
Web3 dominates venture capital interest in blockchain industry in Q2 2022
Cointelegraph Research brings an analysis of all the deals and trends from venture capital (VC) in the blockchain industry during the second quarter of 2022. When looking at the aggregate total amount invested into the crypto industry in the second quarter, it will tell one story. However, a deeper dive into the data tells another tale. From a high level, the $14.67 billion invested in Q2 is about flat with the $14.66 invested in Q1. But, the largest chunk of that investment was in April, before the last two months of a large slump in global markets, which made even the most bullish crypto investor admit the bear market has arrived. The good news is that even though this did happen, funds like Andreessen Horowitz (a16z) closed a $4.5 billion crypto fund, and investment continued to flow in...
Olympic Skateboarder Nyjah Huston Launches EDM-Themed VR Experience and NFT Collection
Olympic skateboarder Nyjah Huston and Peeq’s Daniel Benlulu have partnered to launch “Chaotic DJs,” an NFT collection and VR experience inspired by the electronic dance music community. Living on the Ethereum blockchain, the “Chaotic DJs” collection comprises 10,000 tokens depicting a tiger, bunny, wolf or ape. According to a press release, holders can unlock real-life rewards like invites to private parties, music education initiatives and mentorship programs. The NFTs will ultimately function as passes to Chaotic Land, a music festival which Huston and his partners are currently conceptualizing, according to the “Chaotic DJs” roadmap. It’s here where virtual reality comes into play, considering the collection’s website says Chaot...
Shanghai included blockchain, NFTs and Web3 in its 5-year plan
China’s biggest city Shanghai officially intends to boost the development of innovations such as blockchain, nonfungible tokens (NFTs), metaverse and Web3 in general during its next five-year plan. On July 13, Shanghai’s Municipal Government published the draft of its “14th Five-Year Plan for the Development of Shanghai’s Digital Economy”. A document sets the mission of “promoting the deep integration of digital technology and the real economy,” with “scientists judging technology prospects” and “entrepreneurs discovering market demand”. The plan suggests supporting the enterprises that plan to construct the NFT trading platforms and “research and promote the digitization of NFT and other assets.” A separat...
Inside Superfly’s Web3-Powered Music Festival and How You Can Be a Part Of It
Superfly, Velvet Sea Ventures (VSV) and Tom Brady’s Autograph. io are officially unveiling their latest partnership: SuperNFTs. The project’s debut event will be SUPERF3ST, a community-built and Web3-powered music festival taking place in 2023. On Friday (July 15), 3,000 NFTs (dubbed SUPERPASS NFTs) will be minted and distributed to fans, who will in exchange receive the opportunity to help plan the upcoming festival as a SUPERF3ST Founder. SUPERPASS NFT owners will be a part of key decision-making moments from choosing a lineup to merchandise to location and more. Ahead of the minting, SuperNFT completed a $7 million Series A investment round with participation from JDS Sports, Art Blocks founder Erick Calderon (Snowfro), Pixel Vault, Inc. founder Sean Gearin (GFunk), marketing executive ...
DeSci: Tech trees to fund ambitious science and tech
Have you ever played the game series Civilization, created by designer Sid Meier? Through the years, much has changed, but one of the unchanging hallmarks of the series has been the technology tree. Why has it been such a stable component of this game? Because it allows you, on one look, to get a bird’s-eye view of the technological capabilities necessary to make progress on your audacious civilizational goals. Compare this with our real civilization. If we wanted to, we could probably map the many technological capability paths that got us to where we are today. After all, our current tech stack is what the Civilization tech tree is modeled after. What if we could build a tech tree that was future-facing, starting now? Reality is, arguably, more complex than a computer game. So, rat...
Experts explain how music NFTs will enhance the connection between creators and fans
According to Mike Darlington, the CEO of Monstercat, an electronic music platform, and Jake Udell, the founder of social NFT platform Metalink, bear markets are a time to ideate and build new products. During this week’s episode of NFT Steez, a bi-weekly Twitter Space hosted by Cointelegraph analysts, both Darlington and Udell agreed that the future will be bright for crypto and especially for music NFTs. During the interview, Darlington and Udell explained the importance of researching projects with “sustainable teams” that continue to build despite the current market conditions and they encouraged investors to learn from the possibilities created at the height of the bull market. According to Darlington, music NFTs haven’t necessarily had made it as a “trend” yet, but he is h...
Hiring top crypto talent can be difficult, but it doesn’t have to be
Building a career or constructing a team in decentralized finance (DeFi) and crypto relies on finding talent, skills and the right attitude anywhere, in anyone. While this is no different than other industries, what makes ours unique are the much-needed, specialized skill sets combined with finding a good culture fit in an international and remote setting. Despite recent turbulence in markets, crypto companies continue building and growing. The increased energy and legitimacy in the industry over the years has many people wanting to make the switch from Web2 to Web3. This requires recruiters to sift through hundreds of applicants every month, but how do you find the right people who are enthusiastic about the ethos of the industry and excited to build impactful technology? Here are a few r...
How Brazil Is Stepping Up to Tackle Digital Piracy and Eying Metaverse Infringement
RIO DE JANEIRO – Authorities in Brazil are finding that fraudsters are using illegal download apps and websites to lure in music fans eager for a stronger connection to specific artists – and then profiting from reams of personal data they are mining from them. London-based IFPI and its recorded-music affiliate, Pró-Música Brasil, have been cooperating with a cybercrime unit of Brazil’s Ministry of Justice for over a year, working to root out services illegally peddling MP3 singles and albums from some of Brazil’s most popular artists, including Alok, Bruno & Marrone, Luccas Neto and Barōes da Pisadinha. Last month authorities shut down 461 illegal download apps and 11 websites — a record haul for a single anti-music piracy operation in Brazil. The apps generated more than 10.2 million...
The community-centered approach to Web3 — Aave founder and CEO
Aave founder and chief executive officer Stani Kulechov said the firm was continuing to develop its decentralized social media platform, with Web3 potentially changing the way many view ownership. Speaking to Cointelegraph at the Collision conference in Toronto on Thursday, Kulechov said Web3 — a buzzword often thrown around which generally describes the next evolution of an internet based on blockchain technology — could impact how people use social media in much the same way cryptocurrency changed perceptions on finance. The Aave CEO remarked how developers had adapted protocols to handle custody, and the rise in nonfungible tokens, or NFTs, seemed to point to a community-centered approach. “I think Web3 is quite a lot related to the concept of ownership,” said Kulechov. “As we have owne...
Wire Network’s new protocol aims to end Web3 interoperability woes
Layer-1 blockchain platform Wire Network announced the launch of its blockchain interoperability protocol called Universal Polymorphic Address Protocol (UPAP). In the Web3 ecosystem, which is comparatively nascent to the larger crypto market, the primary interaction occurs over digital goods and NFTs. However, the growing number of Web3 platforms lack interoperability which could be a huge roadblock to a seamless Web3 experience. Wire Network aims to change that with its universal wallet address protocol. Blockchain interoperability is the ability to share information across different blockchain networks without restrictions. With the evolution of the blockchain industry, hundreds of new protocols and blockchain standards have emerged. Thus, the interactions among different blockchain...
Binance-owned Trust Wallet adds buy option via Binance Connect
Trust Wallet, a major self-custodial cryptocurrency wallet owned by the Binance crypto exchange, has completed a significant integration to enable easier crypto purchases. The Trust Wallet platform has integrated Binance’s official fiat-to-crypto provider Binance Connect, allowing users to purchase more than 200 crypto assets directly from credit or debit cards, the firm announced to Cointelegraph on June 22. Trust Wallet’s new crypto buy option is designed to simplify the process of buying crypto, enabling verified Trust Wallet users to fund their wallet with more than 40 fiat currencies. In order to add funds on Trust Wallet via Binance Connect, users will need to proceed with the similar Know Your Customer (KYC) checks to those on Binance. “It will keep a similarly high standard and pro...
