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.

Consensus Hong Kong 2025 Coverage

As Hong Kong Firms Downsize, Animoca Built a Workspace the Size of 10 Tennis Courts

As law firms and traditional finance companies cut back on office space, Yat Siu's Animoca is taking advantage of the renter’s market to expand its headquarters, reinforcing its commitment to Hong Kong as a global Web3 and digital culture hub.

By Sam ReynoldsOct 28, 2024, 10:43 p.m. EDT

Evan Auyang, president of Animoca Brands, speaks in an interview at the company's new Web3 workspace in Hong Kong (Chris Lam/CoinDesk)

Opinion

Aggregation Is the Only Way to Unify Web3

Blockchains are stuck in silos, fragmenting liquidity and making for a clunky user experience. It's time to tear down the walls.

By Marc BoironOct 25, 2024, 11:20 a.m. EDT

Policy

Fantasy Sports Company Sorare Charged With Providing Unlicensed Gambling Facilities in U.K.

Sorare was charged with violating the Gambling Act 2005 in the regulator's first move against a blockchain-based platform.

By Camomile ShumbaSep 27, 2024, 10:21 a.m. EDT

Sorare denies its blockchain-based fantasy soccer game violates U.K. gambling laws. (Unsplash)

Finance

Bridging the Skills Gap: Preparing the Workforce for a Web3 Future

Companies have invested so much on education with a focus on trading, but have not turned their attention to the portion of the workforce that remains unfamiliar with the technology that will be responsible for creating, facilitating, communicating and operating Web3 products and services, says Kelsey McGuire, CGO, Shardeum.

By Kelsey McGuireSep 18, 2024, 11:55 a.m. EDT

Policy

Animoca's Timeline to Go Public Would Depend on the Market's Status: Yat Siu

“We are midway through the audit which is a critical piece of the IPO puzzle,” Siu told CoinDesk.

By Amitoj SinghSep 17, 2024, 11:26 p.m. EDT

Yat Siu is interviewed by CoinDesk at Ta Zhi DAO's lounge during the Taiwan Blockchain Week (Ta Zhi DAO)

Finance

Investment Firm Lemniscap Raises $70M Fund Targeting Early Stage Web3 Projects

Lemniscap is targeting zero-knowledge infrastructure, consumer applications and decentralized physical infrastructure (DePIN).

By Jamie CrawleyAug 28, 2024, 9:00 a.m. EDT

16:9 Shaishav Todi, Lemniscap General Partner, and Roderik van der Graaf, Founder and Manging Partner (Lemniscap)

Markets

Hamster Kombat Says It Skipped VC Fund Offers, Bashes 'Exit Liquidity' Behavior

The wildly popular Telegram game has apparently amassed millions of users since its April release.

By Shaurya MalwaAug 13, 2024, 6:41 a.m. EDT

Tech

Blackbird, Web3 Startup From Resy Co-Founder, Wants Diners to Pay for Meals in Crypto

Blackbird Pay would allow diners to pay for their food using $FLY, the cryptocurrency that doubles as loyalty points in Blackbird's restaurant rewards system.

By Sam KesslerJul 30, 2024, 9:00 a.m. EDT