According to a recent report by blockchain analytics firm Chainalysis, web3 gambling platforms have attracted over $78.7 billion worth of cryptocurrencies from players in the last four years. The report, covering the period from January 2020 to July 2024, highlighted the sector's impressive ability to attract substantial users despite ...
In response to the recent hack of local crypto exchange WazirX, India's Bharat Web3 Association (BWA) is ramping up efforts to enhance cybersecurity and strengthen consumer protection in the cryptocurrency sector. Local media reports that the BWA has established two new internal task forces to address these critical issues and ...
Singapore-based crypto exchange Bitrue has announced the launch of a $40 million investment fund through its venture arm, Bitrue Ventures. The fund aims to foster growth in the Web3 ecosystem by supporting Web3 startups and developers with grants of up to $200,000 each, allowing recipients to manage their allocations independently. ...
Web3-focused investment firm DWF Labs has announced the creation of the Cloudbreak Fund, a $20 million initiative aimed at supporting innovative projects and founders in Chinese-speaking regions. According to a recent press release, the fund will focus on cutting-edge areas, including GameFi, SocialFi, Memecoins, Derivatives, Layer 1/Layer two infrastructure, and ...
Hong Kong officials have made a strong pitch to attract Canadian crypto and Web3 startups to set up shop on the island. At the Collision 2024 tech conference in Toronto, Emily Mo, director of the Hong Kong Economic and Trade Office in Toronto (Toronto ETO), led the charge, highlighting Hong ...
Following its unexpected shutdown, the team of Web3 social media platform Twetch has hinted at a possible future for the platform, suggesting they might open-source the platform's code so that others could create their versions. "This may seem like the end of an era, but it doesn't have to be. ...
The web3 sector witnessed a significant surge in venture capital investments during the first quarter of 2024 compared to the preceding time frame in 2023, according to new data from Crunchbase. In a recent report, Crunchbase noted that this was the first notable uptick in investments in the sector since ...
Web3 firms witnessed a remarkable 55% surge in investments during the first quarter of 2024 compared to the preceding quarter, as revealed by a report by QuickNode and Artemis. The report highlighted a 36% increase in the number of venture capital deals within the web3 sphere during the same period. ...
OKX Ventures, the investment division of the cryptocurrency exchange, has invested $1 million in a Hong Kong-based AI startup, Moonbox. Moonbox deals with artificial intelligence (AI) technology with a Web3 focus and intends to utilize this funding to accelerate product expansion and further develop its core technology. The company aims ...
With nearly 200 organizations actively exploring the possibilities of leveraging the Web3 tech stack, the digital marketing landscape seems poised for a major breakthrough. On July 25, 2023, Safary, a leading Web3 marketing analytics company, released a groundbreaking research report titled "The Web3 Growth Landscape 2023." The report shed light ...
