Web3

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Web3, or Web 3.0, represents the next generation of internet technology, integrating blockchain and cryptocurrencies into everyday online interactions. It's a decentralized online ecosystem where users have control over their data and transactions. Web3 is powered by blockchain networks, providing transparency, security, and trust. It's a key concept in the crypto world, involving various people, from developers and investors to everyday users. Companies are leveraging Web3 to create decentralized applications (dApps), offering users new ways to interact online. Crypto exchanges play a crucial role in Web3, facilitating the trading of digital assets and tokens that fuel the ecosystem. Web3 represents a paradigm shift, offering opportunities for investment, innovation, and the potential to reshape the internet.

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y00ts is running one day late. (y00ts, modified by CoinDesk)
‘Blocker Bug’ Delays Highly Anticipated Y00ts NFT Mint
Whitelisted accounts for the Solana-based project will have to wait another day before getting their hands on the buzzy NFT collection.
y00ts is running one day late. (y00ts, modified by CoinDesk)

Future of Nigeria's Booming Crypto Scene
Future of Nigeria’s Booming Crypto Scene
Nigeria showed more interest in crypto than any other country since the markets began to decline in April, according to a study by price tracker CoinGecko. WomenInDeFi Brand S...
Future of Nigeria's Booming Crypto Scene

Nigerians Flock to Crypto as the Naira Weakens
Nigerians Flock to Crypto as the Naira Weakens
Some Nigerians are turning to bitcoin (BTC) to hedge against the naira’s drop in value amid a collapsing economy. Paxful Deputy General Counsel Jude Ogene and Africa Blockchai...
Nigerians Flock to Crypto as the Naira Weakens

Bill Murray's NFTs are safe and sound but his crypto flew the coop. (Coinbase, modified by CoinDesk)
Hacker Steals Bill Murray’s Crypto After $185K NFT Charity Auction
The auction's original runner-up bidder has already offered to replace the stolen funds.
Bill Murray's NFTs are safe and sound but his crypto flew the coop. (Coinbase, modified by CoinDesk)

"NO STRINGS ATTACHED" (Cryptonatrix/cryptoart.io)
Web3 Is Still Censoring Sex Workers
Internet decentralization has not stopped the shadow-banning of sexual images, adult performers say.
"NO STRINGS ATTACHED" (Cryptonatrix/cryptoart.io)

Snap is disbanding its Web3 team. (Shutterstock)
Social Media Giant Snap Disbands Web3 Team Amid Mass Layoffs
The company, which reported its lowest growth numbers in five years during the second quarter, will lay off a fifth of its staff. 
Snap is disbanding its Web3 team. (Shutterstock)

Bill Murray's charity auction sparked a bidding war (Coinbase)
‘Beer With Bill Murray’ NFT Sells for $185K in ETH at Charity Auction
The NFT sold on Coinbase's NFT marketplace prompted a bidding war Wednesday in an effort to raise money for charity.
Bill Murray's charity auction sparked a bidding war (Coinbase)

Stacked founder and CEO Alex Lin (Flippy Finance)
Stacked, the Web3 Version of Twitch, Raises $12.9M
Crypto-focused venture capital firm Pantera Capital led the fundraise.
Stacked founder and CEO Alex Lin (Flippy Finance)

If more NFT marketplaces eliminate royalty fees, it could be bad news for companies like Bored Ape creators Yuga Labs. (Yuga Labs)
An NFT Marketplace Is Letting Buyers Avoid Royalty Payments. Creators Aren’t Pleased
The popular NFT marketplace X2Y2 announced it will no longer make buyers pay royalties on certain NFT purchases, sparking debate on the importance of such payments to the indu...
If more NFT marketplaces eliminate royalty fees, it could be bad news for companies like Bored Ape creators Yuga Labs. (Yuga Labs)

(Moonbirds)
NFT Collective Proof Raises $50M in Funding Round Led by a16z
The funds will help the company launch its latest Moonbirds NFT collection and a social platform for NFT collectors.
(Moonbirds)