NewsRoom Articles - Page 9 of 14

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).…

TuesdayJun 25, 2024 10:00 am

APhone Unveils DApp Store Providing Web2, Web3 Apps

APhone, a cloud-linked smartphone, recently launched a decentralized app store, AppNest, revolutionizing how people interact with apps. With this app store, users can access traditional web applications and blockchain-based decentralized apps (dApps) under one platform. This sets APhone apart from others in its field, establishing itself as a leader in the tech industry and pushing the limits of what users can expect from mobile devices. DApp store, also known as Decentralized Application Store, is a user-friendly platform hosting decentralized applications, allowing users to browse and discover DApp applications such as Ethereum, BNB Smart Chain and Polygon. As with traditional app…

ThursdayJun 20, 2024 10:05 am

Web3 Making Major Inroads in 2024

As we are about to step into the third quarter of the year, the Web3 ecosystem continues to make significant strides, building upon the progress of the previous years. This new era of the internet, which relies on blockchain technology, is built on decentralization, enhanced security, efficiency and transparency. Thanks to its critical milestones, Web3 promises to redefine various industries. This year has witnessed significant advancements in blockchain technologies, leading to various industries adopting Web3 to keep up with the new trends. The advancements have led to new frameworks that are already enhancing scalability and reducing business energy consumption, thus…

TuesdayJun 18, 2024 10:00 am

Coinbase Report Shows 39% Jump in Web3 Projects by Fortune 100 Companies

A recent revelation by Coinbase showed a significant surge in the corporate world with Fortune 100 companies adopting blockchain and Web3 technologies. According to the report, there has been a 39% increase in Web3 projects, signifying the growing importance of decentralized technologies and their potential to reshape industries. This remarkable growth is also proof of the potential of Web3 technologies to drive innovation. The report further adds that more and more Fortune 100 companies, including some of the largest and best-known in the country, are developing blockchain initiatives. Coinbase, a leading cryptocurrency exchange, regularly analyzes trends in blockchain and decentralized…

MondayJun 17, 2024 6:45 am

WEEX Partners with K9 Finance DAO to Launch Premium Projects on Shibarium Blockchain

WEEX, a leading cryptocurrency exchange platform, has announced a strategic partnership with K9 Finance DAO to launch projects on Shibarium, an Ethereum Layer 2 blockchain. WEEX selects premium projects from the thousands available on the Shibarium chain for its Launchpad and will list them on WEEX, supporting the Shiba Inu (SHIB) community. Shiba Inu development advocates have identified WEEX as the primary platform for all new qualified projects emerging from Shibarium hackathons and developer communities worldwide. Additionally, Andrew Weiner, VP of WEEX Global, will attend the Blockchain Futurist Conference, sponsored by Shiba Inu and K9 Finance DAO, in Toronto on…

ThursdayJun 13, 2024 10:00 am

Web3 Could Benefit from Availing More Functional Tools to Users

The evolution of Web3 has introduced a secure and decentralized way of interacting online. However, despite the significant advancements in blockchain technology, user interaction, accessibility, and experiences seem to be the big hurdle for Web3 applications. One of the biggest ways Web3 could improve user experience and reach its full potential is by enhancing the capabilities of functional tools. This isn't just a way to make Web3 an ideal concept for tech enthusiasts but also a tangible reality for everyone else. Currently, when accessing Web3, users are faced with various technical tools that can be overwhelming to master particularly for…

TuesdayJun 11, 2024 10:00 am

Proof of Talk Paris Summit to Discuss Blockchain Policy, Future Prospects

This year’s Proof of Talk Paris summit promises to be a key event that will bring together VCs, founders and developers. Held at the iconic French palace, the event will provide a platform for tech experts and enthusiasts to help others understand the importance of how traditional economic forums converge with the dynamic innovation of Web3. Organized by X-Ventures, Proof of Talk will allow those attending to have thought-provoking discussions and share insights about blockchain technology. The blockchain market is growing rapidly. Reports show it is expected to generate more than $94 billion in revenue by 2027, with a projected…

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