Web3

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.

Tech

Algorand Aims to Help Developers Transition to Web3 With AlgoKit

The tool suite is designed to be an easy on-ramp for Web2 developers shifting to Web3 and developers from other chains who want to test out Algorand.

By Lyllah LedesmaMar 29, 2023

Policy

The Algorand Foundation Branches Out to India

AlgoBharat claims it will support India’s transformation from the Web2 to Web3 space.

By Amitoj SinghMar 29, 2023

Algorand founder Silvio Micali speaks at Crypto Bahamas 2022. (Danny Nelson/CoinDesk)

Web3

NFT Collection Y00ts Makes Anticipated Move From Solana to Polygon

The popular project, which launched in September 2022, is using a cross-chain bridge to bring its 15,000-edition generative art collection to Polygon.

By Rosie PerperMar 28, 2023

Videos

Disney Lays Off Metaverse Team

Disney is in the process of laying off 7,000 staff in an attempt to control costs and develop what CEO Bob Iger calls a "streamlined" business. The cuts include its entire 50-person metaverse team. "The Hash" panel discusses whether or not this is a significant setback for corporate adoption of Web3.

Mar 28, 2023

Finance

Disney Lays Off Metaverse Team: Report

Fifty people have lost their jobs as Disney disbands its next-generation storytelling and consumer experiences unit as part a company-wide staff reduction.

By Sam ReynoldsMar 28, 2023

Web3

UK Treasury Cancels Plans for Government-Backed NFT

Initially proposed in April 2022, the Royal Mint's plans for an NFT are not moving forward “at this time” but the proposal will remain under review.

By Cam ThompsonMar 27, 2023

Videos

Gucci, Yuga Labs Partner to Bring Luxury Fashion to the Metaverse

Gucci and Bored Ape parent Yuga Labs have signed a multi-year partnership to collaborate within Yuga Labs' Otherside metaverse and its 10KTF collection to explore collaborative opportunities between Web3 fashion and entertainment. "The Hash" panel discusses Gucci's latest Web3 push bringing luxury digital fashion into the metaverse.

Mar 27, 2023

Web3