October 9th, 2024
Web3 News
Stay on top of the latest Web3 news as the next form of the internet evolves and becomes more popular because of its exciting offer of decentralization. Get insights into innovations and key partnerships formed in the Web3 space as it changes the digital world through decentralized apps (dApps) and tokenization.
BasedVC Raises $2M in a Seed Funding Round as Official Investment Partners to Neo Tokyo, Kongz Capital, and More
By Hanna Zhukova
August 8th, 2024
In the past year, BasedVC saw over $65M in platform revenue as it deployed investments into 50+ cryptocurrency projects.
Alphant: Revolutionizing Web3 Communication with Voice
By Svetlana Soroka
July 18th, 2024
Alphant is an innovative Web3 social platform featuring game-driven and AI technology.
Chain Abstraction: The Key to Unifying Web3 and Accelerating Adoption
By Svetlana Soroka
July 11th, 2024
One notable initiative in the chain abstraction space is the Chain Abstraction Coalition, announced by Particle Network.
‘Moonrise’ Initiative Signals Next Phase in Evolution for New-Look Moonbeam Network in Polkadot Ecosytem
By Chainwire
June 5th, 2024
Moonbeam Network announced the ‘Moonrise’ initiative anchored by a 2024 Product Roadmap.
CESS Showcases Decentralized Storage and Content Delivery System of the Future at Duke University’s Web3 Conference
By Andy Watson
April 4th, 2024
CESS is leading the way by building partnerships and innovating with solutions that are making Web3 a reality.
Bonsai3 Takes on Web3 and AI Development with Platform Upgrade
By Godfrey Benjamin
March 30th, 2024
This historic move was spearheaded by Bonsai3’s team and over 35+ partners.
Avalanche Blockchain Taps Alipay+ to Launch Web 3.0 Voucher Program
By Mayowa Adebajo
March 20th, 2024
According to Avalanche, users can obtain the vouchers from one of its partners in Southeast Asia by playing branded mini games.
Japan Grants VC Firms Direct Crypto Investment Approval
By Mayowa Adebajo
February 19th, 2024
Cabinet’s decision has set the tone for a potential legal reform that will allow Japanese venture capital firms to invest in projects that issue virtual currencies.
Pixelmon Completes $8M Seed Round to Boost Web 3.0 Game Goals
By Mayowa Adebajo
February 2nd, 2024
Pixelmon appears to be well on its path to recovery given the support it has received from other credible Web3.0 projects that participated in the latest seed round.
Binance Academy to Integrate Blockchain Education into Over 200 Universities’ Curricular
By Mayowa Adebajo
January 18th, 2024
The Blockchain Engineering program is a 20-week course. It covers a range of topics such as Web 3.0, distributed ledger technology, Solidity development, and Chain fundamentals.
Web3 represents a significant shift from the conventional model of the internet. In the conventional model, big tech companies, social media giants, and several other intermediaries maintain a high level of centralized control. On the other hand, Web3 is based on blockchain technology, which brings more ownership and control. At its core, Web3 offers a more democratic internet, with more transparency than the traditional model.
Instead of centralized data servers as used in Web 2.0, Web3 uses blockchain technology to create peer-to-peer networks that function without the need for an intermediary. This means that users can create and control their own data and digital assets. In addition, instead of leaving critical decisions to a few key players, decentralization allows the average user to participate in governance, democratizing all major decisions.
Web3 has also revolutionized decision-making through decentralized autonomous organizations (DAOs) that allow token holders to vote, ensuring community members retain control.
Web3 news contains stories of continuous expansions driven by innovations in the blockchain. Through decentralized finance (DeFi), users can access much-needed financial services without the need for centralized banks or traditional financial institutions. For instance, there are several decentralized protocols where people can quickly lend and borrow assets, with transactions automated and governed by smart contracts.
Beyond finance, other applications for Web3 include digital identity and tokenization, both of which simplify access to data and lower the barriers of entry for new users, developers, and businesses.
Explore the Web3 guide for more information about the new decentralized model of the Internet.
Click to see more
FAQ on Web3 News
What is Web3?
Web3 is a new version of the internet, decentralized via blockchain technology. Cryptocurrencies are a part of Web3 since they operate on blockchain technology and enable peer-to-peer transactions and decentralized finance (DeFi).
How is Web3 different from Web 2.0?
The primary difference between Web 2.0 and Web3 is decentralization. While Web 2.0 functions via centralized platforms controlled by giant companies like cloud services firms, Web3 allows users to own and control their data and digital assets.
Can I invest in Web3?
Web3 investments are possible through blockchain technologies, cryptocurrencies, and decentralized applications (dApps). Anyone looking to invest can find Web3 projects that offer varying investment opportunities.
Who created Web3?
Ethereum co-founder and Polkadot creator Dr. Gavin Wood is often referred to as the Father of Web3 because he coined the term and contributed significantly to promoting the concept of a decentralized internet.
Who controls Web3?
Since Web3 is decentralized, there is no single entity in control. Power and authority are distributed across the entire network.
