November 2024 - Web3MediaWire

WednesdayNov 27, 2024 10:00 am

India’s Web3 Industry Upbeat After Trump’s Election Victory

The re-election of Donald Trump as U.S. President has sparked optimism in the Web3 and crypto industry in India. His unwavering support for digital currencies and intentions to turn the U.S. into a global crypto leader has raised hopes of a more favorable environment for digital assets worldwide. Indian industry leaders believe that Trump’s policies could indirectly influence India’s approach to regulating digital assets. When Trump won the presidential race on November 5 against Kamala Harris, Bitcoin, the largest digital currency, soared to over $80,000, showing just how confident investors were in his pro-crypto stance. Indian crypto exchanges saw trading…

MondayNov 25, 2024 10:00 am

Strategies and Pillars Underpinning Web3 Marketing

Web3 marketing, a cutting-edge approach to reaching audiences, leverages blockchain technology, decentralization, and user empowerment. As the decentralized web gains traction, marketers must adapt to this new landscape by aligning strategies with Web3’s foundational pillars while engaging users innovatively and ethically. Web3 marketing focuses on using decentralized networks and blockchain to foster direct, trust-based relationships with consumers. Unlike traditional methods that rely on invasive data collection, Web3 marketing emphasizes permission-based interactions where users voluntarily share data in exchange for value. This shift not only safeguards privacy but also empowers users to control their digital footprint. Web3 rests on several foundational…

WednesdayNov 20, 2024 10:00 am

AGII Launches AI Services to Make Web3 Transactions Happen Faster

AGII, a trailblazer in Web3 and AI technologies, has introduced a groundbreaking innovation that promises to redefine transaction speeds in decentralized networks. Their zero-latency AI services are now live, which means users can now access seamless, high-speed interactions across Web3 applications. The aim of this development is to tackle transaction lag, one of blockchain’s biggest hurdles, while at the same time elevating user experience to new heights. Web3 platforms in decentralized finance (DeFi), gaming and NFT marketplaces often experience significant challenges with slow processing speeds due to their decentralized nature. AGII’s zero-latency AI services address this issue head-on, using advanced…

MondayNov 18, 2024 10:00 am

COTI Introduces Protocol to Boost Web3 Cross-Chain Privacy

COTI has just launched an exciting new tool that makes data protection better and easier for all kinds of users. Known as a "cross-chain privacy protocol," this tool helps secure information across multiple blockchain networks, so it’s perfect for companies and apps that need to protect their data. This new protocol even works with both EVM and non-EVM chains, which means it can connect across many different blockchain systems. So, what makes this new privacy tool special? It’s powered by Garbled Circuits technology, which COTI, a leader in Web3 privacy, developed with Soda Labs. The advanced technology lets developers add…

WednesdayNov 13, 2024 10:00 am

Why Web3 Loyalty Programs Aren’t Gaining Significant Traction

Web3 loyalty programs promise to change how businesses reward their customers, offering tokenized rewards that allow greater flexibility and control. However, despite the excitement surrounding these programs, they are yet to garner much attention. There have been significant issues, especially in usability and liquidity, which have kept them from reaching their full potential and prevented consumer adoption. The core idea behind Web3 loyalty programs is simple: instead of earning traditional points that can expire or are limited to one brand, customers receive tokenized rewards that they can trade, sell, or use across multiple platforms. This was meant to free consumers…

MondayNov 11, 2024 2:30 pm

Analyzing Web3’s Competitive Edge in Transforming the Gaming Landscape

Web3 technology is quickly redefining the gaming world by offering benefits beyond traditional game rewards. With blockchain, tokenization and smart contracts, Web3 gaming has introduced new ways to engage players, reward skills, and provide real ownership of digital achievements. This shift is creating a strong foundation for the future of gaming. Competitive gaming has long been a core part of gaming culture, giving players a sense of accomplishment and satisfaction. Recent studies reveal that regular competitive gaming fulfills key psychological needs, such as autonomy, competence, and social connection while reducing psychological distress. Web3 is set to build on this foundation…

WednesdayNov 06, 2024 10:00 am

Web3 Firms Attract $6 Billion in VC Funding This Year

Venture capital (VC) funding in Web3 projects has gone up in 2024, reaching a total of $6 billion as the crypto markets have made a significant comeback. With over $600 million invested in October alone, VC interest in Web3 innovations remains strong, and analysts are expecting even more investments as the year concludes. Crunchbase’s Web3 Tracker points out a particularly active third quarter during which VCs poured $1.4 billion into Web3 ventures. A lot of this funding has been directed to companies that are working at the intersection of Web3 and artificial intelligence (AI), showing a strong broader interest in…

MondayNov 04, 2024 10:00 am

Web3 Hacks Plummet Significantly, Data Shows

Recent data has revealed that incidents of hacking in the Web3 sector have significantly reduced, reaching their lowest point in three years. According to the Hacken report, a leading blockchain security firm, in conjunction with Extractor, has disclosed that only 28 hacking incidents were reported in Q3 2024, down from 41, which occurred in the previous quarter. The decrease suggests that Web3 projects are becoming better at protecting themselves. The total amount of money stolen by hackers has also decreased. In Q3 2024, hackers took about $464 million, a 10% decline from the last quarter. These declines in the number…

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Month: November 2024