Startups are sprouting up every day in the Web3 industry, which is expanding at a breakneck speed. Despite the market collapse, total investment in Web3 projects increased dramatically, reaching $30 billion in 2021 and $36 billion in 2022. Even though many projects have interesting concepts and can offer something of
Tag: blockchain technology
Warner Music Group furthers Metaverse vision with digital fashion company DressX
Record label WMG is partnering with DressX—which creates digital fashion wearables on and off the blockchain. With the partnership, Warner Music artists aim to create virtual merch or 'verch' for fans – the company announced recently. https://twitter.com/dressxcom/status/1603416477113241603?t=j2eAmuzlsnUOOMD1lg4Flw&s=35 Items such as digital concert T-shirts and sweatshirts will be available in 3D and augmented
Apple to allow downloading of alternate App Stores and Apps
In Europe, the revelation that Apple is preparing to enable third-party app stores on its devices to meet new anti-monopolistic European Union (EU) criteria might be a significant gain for app developers working on cryptocurrency and non-fungible token applications. What spurred this decision? According to a Bloomberg report published on December 13
Crypto Weekly: The Ethereum Merge, Crytpo Twitter, and more
This week was merge week. Ethereum carried out the long-awaited upgrade to Proof-of-Stake without a hitch. However, there was no unexpected influx of funds either. On Thursday, the day of the merge, the price of Ethereum plunged 8% to below $1,500. Ethereum's hash rate was consistent despite negative predictions a day
22nd World Blockchain Summit Set for Dubai this October
Atlantis, which is located in The Palm in Dubai, i.e., UAE, will host the World Blockchain Summit on October 17–18, 2022. It is among the world's most exclusive crypto and blockchain ecosystem conferences. The world's top crypto influencers, politicians, major government delegations, journalists, family offices, HNIs, and other handpicked investors are
Polygon Launches GameSwift – A Web3 Gaming Ecosystem
Previously known as StarTerra on the Terra blockchain has now migrated to Polygon supernets as GameSwift. GameSwift will be the Steam of the gaming industry but on the blockchain. GameSwift allows users to play blockchain games and participate in crowdfunding such as Initial Game Offerings, and Initial NFT Offerings as an
Initialize Metaverse: The New Metaverse Hotspot
If social media has been an important communication tool, then the “metaverse” could be the next frontier of connectivity and interaction. Every metaverse environment will be culturally specific, nuanced, and immersive, creating opportunities for varied means of communication. It's important to understand that the Metaverse isn't a pinpoint virtual world,
LG Says I Do: Welcomes Cryptocurrency On-board
What began as the basis of cryptocurrencies such as Bitcoin, blockchain technology which is a virtual ledger capable of recording and verifying a high volume of digital transactions is now spreading across a wave of industries. In 2021, funding to blockchain startups surged 713%. Bitcoin’s popularity helped demonstrate blockchain’s application
Tezos Sets to Unveil New £20m/year Training Kit Sponsorship with Manchester United
While the cryptocurrency and blockchain space is still in its infancy, it’s a burgeoning industry that is quickly redefining finance and remittance, individual sovereignty of wealth via decentralization, and a host of other use cases. A number of different firms and organizations have taken the world of Blockchain technology into
Elrond Network Announces Integration with the Popular DeFi App, Coin98
In a recent blog post it shared, the Elrond network confirmed that the Elrond mainnet had been integrated with the DeFi app, Coin98. As a result, EGLD & ESDTs tokens such as MEX, RIDE, or USDC will be available to the over 1M+ users on the popular DeFi app, granting