The decentralized KuCoin Wallet is transitioning from its previous state as a straightforward Web 3.0 wallet to one that is capable of operating on a social finance (SocialFi) scale. The news regarding the rebranding was made on Monday, and it states that as of right now, KuCoin Wallet will be known as Halo Wallet. This … Read more
The prominent decentralized finance (DeFi) system Lido has revealed that it intends to integrate non-fungible tokens (NFTs) into the process of unstaking. Yesterday, during its Node Operator Community Call #5, the DeFi protocol with the biggest total value provided a hint about its future ambitions. According to Lido (1), users will be given a tradable … Read more
Irene Zhao, a prominent figure in the cryptocurrency space, is credited with launching a new social platform on web3 called So-Col (Social Collectibles), which just announced receiving $4.5 million in fresh funding throughout two rounds. According to statements (1) made by DWF on Tuesday, the web3 investment firm was the sole sponsor of the most … Read more
An announcement was recently made regarding strategic cooperation between the Kraken cryptocurrency exchange and the English Formula One team Williams Racing. As a result of the cooperation, Kraken’s emblem will be displayed on the halo and rear wing of the FW45 race vehicle that Williams Racing will enter in the Formula 1 Rolex Australian Grand … Read more
The demand for hazardous assets, such as Bitcoin, has seen a considerable increase recently due to rising global hyperinflation and the fear of a worldwide banking catastrophe. In mainland China, the trading of cryptocurrencies has been illegal since 2017, and the ownership of digital assets such as Bitcoin was made illegal in 2021. Despite this, … Read more
Recently, Contango Digital Assets closed a $1.2 million seed investment for building Web3 infrastructure. The leading blockchain VC firm has invested over $7 million worldwide in Web3 businesses as of this writing. In 2023, when widespread use of Web3 technologies and blockchains is expected to peak, Contango is predicted to boost its revenue by 100%. Investors … Read more
Rising Web 3.0 company MetaMetaverse has unveiled its new brand identity, which will be known as MultiVersalME. The company feels that this change will capture the extent of its invention as a worldwide metaverse brand and has given the new brand the name MultiVersalME. According to a press release, MultiVersalME will be launching with an … Read more
Polygon has been chosen by the South Korean video game conglomerate Nexon to handle the Web3 connectivity of its MapleStory World. Reports indicate that the video game publisher with headquarters in Tokyo intends to establish (1) a Polygon supernet in order to provide support for the in-game content associated with MapleStory Universe. According to recent … Read more
Web 3.0 artificial intelligence (AI)-driven social network OP3N (1) has just announced that it has closed a Series A investment round with a total amount of $28 million at a valuation of $100 million. According to release (2), the newly raised funds will be put toward the continued development of its chat-based product, which will … Read more
SpankChain, an Ethereum-based platform for adult entertainment, has decided (1) to shut down its cryptocurrency payment platform, SpankPay. This comes after the platform lost its payment service provider, Wyre, in February and was unable to find a replacement. SpankPay came clean in February about the fact that its previous provider had terminated their agreement to … Read more