NewsRoom Articles - Page 8 of 14

ThursdayJul 25, 2024 10:00 am

Web3 Experts Identify Limited Innovation, PR as Bottlenecks to NFT Adoption

Even though NFTs (non-fungible tokens) have emerged as a groundbreaking technology in the digital age, their adoption is encountering significant hurdles. Experts believe the biggest barrier to this roadblock is limited innovation and public relations (PR) issues. In a series of interviews in the Web3 space, industry experts expressed the belief that there is a need for new narratives, improved reputation management and simplified user experiences to drive mainstream adoption of NFTs. One of the primary bottlenecks raised by these industry experts is the perceived limitation in innovation within the NFT space itself. There is nothing that cannot be tokenized…

TuesdayJul 23, 2024 10:00 am

Constellation Network Announces Global Web3 Hackathon

Constellation Network Inc. has continued bringing trailblazing innovations in the digital space by announcing its first-ever global Web3 Hackathon, set against the backdrop of emerging technologies such as Constellation Network's Hypergraph. The event, which began on July 15 and will run until Sept. 9, 2024, is expected to be a game-changer in the world of decentralized technology. Constellation's Hypergraph, which was developed under U.S. Department of Defense contracts, serves as a foundational layer for diverse blockchain applications. These are known for their fast and feeless transactions facilitated by Directed Acyclic Graph (DAG) architecture. Features include scalability, security and simplified integration,…

ThursdayJul 18, 2024 10:00 am

Web3 Helping to Revolutionize Access to Water in India

For millions of people in rural India, obtaining clean water has been a significant problem for some time, despite the country's rapid urbanization and advancements. Traditional means of water catchment and management have proven unreliable, leaving underserved communities facing severe water scarcity. However, this problem is being mitigated, thanks to Web3's innovative solutions. Many may wonder what Web3 has to do with water. Built on decentralized technology, Web3 creates new economic opportunities and revolutionizes how people can access clean water. The Crypto Council for Innovation recently highlighted how Web3 is changing many people's lives in rural India through a case…

TuesdayJul 16, 2024 10:30 am

Artificial Intelligence takes Center Stage at Blockchain Futurist Conference 2024 in Toronto

The highly anticipated Blockchain Futurist Conference, Canada’s Largest Web3 Event, is set to return for its sixth year to Toronto this August 13-14, 2024, with a focus on Artificial Intelligence as a core theme. This year’s event promises to offer sessions, panels, and sub-events centered around AI, highlighting how these technologies are transforming Web3 and reshaping our world. The dedicated AI segment is scheduled for Wednesday, August 14, 2024, and is accessible with all conference passes. AI and Web3 technologies are rapidly converging to create a future that promises to revolutionize the digital landscape. AI’s ability to analyze vast amounts of…

TuesdayJul 16, 2024 10:00 am

JP Morgan’s Onyx Mulls Leveraging Web3 for Social Commerce

Last week Onyx by JP Morgan released a report detailing how it plans on leveraging Web3 for online shopping. According to the report, the idea is to create a more secure, transparent, trustworthy shopping experience for customers. The social-commerce market, valued at more than $1 trillion, is expected to grow by 600% by 2030. This is indeed a rapid expansion, thanks to the convenience of social media. The report shows that as of this year, more than five billion people are actively participating on social media platforms, presenting an excellent opportunity for businesses to advertise and sell their products. But…

FridayJul 12, 2024 6:52 pm

Blockchain Life 2024 in Dubai Unveils First Speakers, Featuring Industry Leaders from Tether, Ledger, TON, Animoca Brands and More

Blockchain Life 2024, one of the world's leading events in web3, cryptocurrencies and mining sphere, just announced the first wave of its esteemed speaker lineup for the 13th edition of the event. Bringing together over the 10,000 most influential figures from all over the world on October 22-23, the Blockchain Life 2024 promises to deliver powerful insights on making money during the current Bull Run. Among the first lineup of speakers are: Paolo Ardoino - CEO Tether Xinxi Wang - Co-Founder of Litecoin Foundation Robby Yung - CEO Animoca Brands Sasha Plotvinov - Founder of Notcoin Eowyn Chen - CEO…

ThursdayJul 11, 2024 10:00 am

Web3 Users Surge 40% in Q2, Reach Historic High

The second quarter of 2024 has marked a significant milestone for the Web3 ecosystem, with user adoption reaching a historic high, according to reports. Approximately 10 million daily unique active wallets (dUAW) were recorded, which resulted in a staggering 40% increase from Q1. This remarkable growth is proof of the increasing allure of decentralized platforms and applications (DApps) that promise a more equitable, transparent and user-centric internet. So, what is the cause of this impressive surge? First, with the maturation of blockchain technology, DApps are growing at a fast rate, becoming more robust, user friendly and scalable. These have lowered…

TuesdayJul 09, 2024 10:00 am

Decentralized Science Could Ease Funding, Developing Breakthrough Ideas

Imagine a world where obtaining funding for what could be a groundbreaking idea isn't a bureaucratic nightmare. Instead of jumping through endless hoops to catch the attention of individuals with big pockets, you share your idea with a global community and receive support and funding from people with the same views and vision. This is not just a dream or fantasy; it is the reality of decentralized science (DeSci). DeSci is a Web3 movement that leverages blockchain technology to revolutionize scientific research by creating a more equitable and efficient infrastructure. The need for funding to develop groundbreaking ideas is more…

TuesdayJul 02, 2024 10:00 am

Web3 Unveils ‘Trustpilot’ to Close Gap Between Creators, Users

Last week Web3 unveiled Propeller.chat, a new decentralized application (DApp) built on an open-source communications protocol, to revolutionize product reviews and bring users and creators closer together. One of the key goals of Web3 developers is to develop products that improve user engagement. Described as a “Trustpilot for Web3,” this new platform harnesses blockchain technology to draw key comparisons to popular online reviews and rating sites. According to Brian Meek, cofounder and chief technology officer of HNT Labs, with the changes currently ongoing in the industry, users need products that are aligned with their needs and preferences. With this new…

ThursdayJun 27, 2024 10:00 am

Hong Kong Seeks Global Input for Developing Web3 Policies

In a move to remain competitive and keep up with the world, Hong Kong is taking measures involving developing robust policies and regulatory frameworks for Web3. Defined as the new iteration of the internet, Web3 incorporates decentralization and promises transparent and secure interaction in the digital space. At its core, this new version of the internet empowers users by getting rid of go-betweens through decentralized networks. According to a recent post on X (formerly Twitter), the Hong Kong Legislative Council has established a dedicated subcommittee to oversee the development of Web3 and virtual assets in China's Special Administrative Region (SAR).…

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