Sony Block Solutions Labs, a collaborative effort between Sony Group and Singapore's Startale Labs, has unveiled plans for a new layer-2 blockchain, dubbed "Soneium." The platform is designed to appeal to developers across multiple industries, including entertainment, gaming, and finance. In a joint announcement, Sony Group and Startale revealed that ...
Gora Network has been accepted into Google's prestigious Web3 Startup Program. According to the official announcement, this development reflects the blockchain oracle's innovative approach to connecting real-world data with blockchain technology. As part of the program, Gora Network will receive significant support from Google Cloud, including $200,000 in cloud credits ...
The Bharat Web3 Association (BWA) has emphasized the need for a comprehensive regulatory framework for the crypto and web3 industry in India. This declaration came as part of the association’s response to recent comments by a top official in the country’s Ministry of Finance about the Ministry's plans not to ...
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 ...
