The decentralized finance (defi) lending platform Aave has revealed the launch of a Web3 social media platform called the Lens Protocol. According to the team, Lens is a “Web3, smart contracts-based social graph” that is built using the Polygon blockchain. Defi Project Aave Drops the Lens Protocol, Platform’s Intent Is to ‘Empower Creators to Own…
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The creators say that in Web3, your Yat will not only be a universal digital identifier, but it can be used as a URL, wallet address and can be minted on the Ethereum blockchain as a NFT. Will emojis become the Web3 version of a username? That’s what Nashville-based tech startup Yat believes and with…
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On February 8, the subsidiary of Animoca Brands and the decentralized gaming virtual world project, The Sandbox, announced the company has partnered with the French video game company Ubisoft. According to the announcement, Ubisoft will have its own land in the virtual metaverse, and the world will begin by featuring voxelized versions of Rabbids’ characters.…
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The Web3 development platform’s valuation saw a massive jump of $6.7 billion in just three months since Oct. 2021. Web3 development platform Alchemy announced a fresh round of $200 million funding, bringing up the company’s valuation to $10.2 billion, just above the decacorn threshold. The latest funding round was led by venture capital firm Lightspeed…
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The blockchain project Polygon announced it has raised $450 million on Monday in a fundraising round led by Sequoia Capital India with participation from more than 40 venture capital firms. Polygon says that the money will allow the team to help scale Ethereum and bolster the mass adoption of Web3 applications. Sequoia Capital India and…
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An African startup, Nestcoin, said it raised $6.45 million in a pre-seed funding round in which tennis’ star, Serena Williams’ Serena Ventures took part. The startup, which was launched in November 2021, plans to use the capital raised to educate, build and invest in web 3.0 applications.
Facilitating Crypto Adoption
Nestcoin, a Nigerian startup…
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Harmony COO Li Jiang is convinced that a bridge connecting all major blockchains is key to building a decentralized internet. Li Jiang, chief operating officer at Harmony, believes that a bridge connecting all existing blockchains is key to onboard the first 1 billion users on Web 3. “We think that the future is multichain and…
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Decentralized metaverse tokens have made steady gains this week despite a dump in the stock price of Meta Platforms. Meta Platforms, the parent company of Facebook, saw the largest single-day slide in market value for a United States company ever with a 26% fall in share prices on Thursday after the tech giant ha revealed…
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Google’s parent company is reportedly exploring applying emerging tech to its main products and services. Google has started researching blockchain and how it may benefit Web 3.0 technology. According to a Tuesday statement from Sundar Pichai, the CEO of Alphabet — Google’s parent company — the company is exploring integrating blockchain technologies into its flagship…
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On February 1, the blockchain infrastructure firm Consensys has revealed it has acquired the Ethereum-based wallet Mycrypto and plans to merge the wallet into Metamask. The price Consensys paid for Mycrypto was not disclosed but the announcement notes that the acquisition will “further improve the security of all the products.” Consensys Obtains Mycrypto Ethereum Wallet,…
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