Web3

Dubai, UAE, April 20th, 2024, Chainwire XVC Tech, has invested in TradeTogether, a leading Web3 wealth manager based in Singapore. The venture capital firm founded by the creators of the XDC Network blockchain. XDC Network’s ecosystem includes RWA dApps focusing on Private Credit (TradeFinex), Trade Finance (XDC Trade Network), tokenized gold (Comtech Gold) and tokenized US Treasuries (Yieldteq powered by Tradeteq).  Ritesh Kakkad, co-founder of XVC Tech, noted, "TradeTogether approached XVC with a strong emphasis on compliance, which is key…

GameFi, a burgeoning sector blending gaming and finance, harnesses blockchain, cryptocurrencies, and NFTs to pioneer play-to-earn (P2E) models, enabling players to earn tangible rewards within game ecosystems. This innovative space intersects with Web3, the decentralized internet paradigm, fostering user-owned platforms and immersive gaming experiences. As GameFi gains momentum, projections suggest a surge in active players exceeding 50 million by 2024, capturing up to 10% of the global gaming market share and attracting over $2 billion in venture capital investments. With an…

Dubai, UAE, April 18th, 2024, Chainwire SeedHunter is a dedicated platform that facilitates and fosters collaborations between influencers and crypto projects to gain traction in the web3 community. The company has a new and fresh perspective on how to match high-potential influencers and KOLs with respective crypto projects and investors in a lucrative, scalable, and secure way.   SeedHunter launched on April 18th 2024, its debut service: The Marketing Module. This is a platform that allows crypto projects to manage and…

In a recent report published by QuickNode, the first quarter of 2024 showed the dominance of decentralized finance (DeFi) and the notable growth of Web3 gaming in the crypto industry, which outperformed the stablecoin sector in key metrics, indicating investor preference and market sentiment during this period.  Hopes For Second ‘DeFi Summer’  Per the report, DeFi experienced a significant resurgence in Q1’24, fueled by a surge in developer and user activity, particularly on chains like Solana (SOL) and Base.  This…

The first quarter of 2024 witnessed over $824 million across 67 hacks as bad actors became more active in targeting high-profile individuals and projects. According to the latest Hacken report shared with CryptoPotato, breaches in access control emerged as the most frequent category of hacks in terms of both frequency and financial impact, with $682 million being siphoned away. This constituted 83% of the total funds stolen during Q1 2024, spread across 26 separate incidents. Access Control Breaches Reign Four…

The post Web3, Blockchain & Crypto Weekly Report: Insights and Analysis appeared first on Coinpedia Fintech News This analysis report, backed by quality data, covers the major developments that the Web3, Blockchain, and Crypto sectors have experienced this week.  1. Breaking News This Week    Voyager Digital Recovers $484.35 M in Settlement Amid Bankruptcy Proceedings Voyager Digital announces successful recovery efforts, securing significant funds from settlements with FTX, Three Arrows Capital, and insurance, aiding creditor, reimbursement amidst financial turmoil. MarginFi Founder…

[PRESS RELEASE – London, United Kingdom, April 11th, 2024] Metacade, the leading blockchain gaming platform, takes a monumental leap forward with the integration of multi-chains into its ecosystem. This Omni-layer development provides universal application reach, resolving blockchain fragmentation and empowering builders across diverse chains. The rapid integration of the Metacade Tournament Platform with the Base Layer 2 Rollup within 12 hours showcases Metacade’s technical prowess and underscores a commitment to delivering best-in-class solutions for partners and players. The decision to…

Web3 startup and investor networking platform Permissionless Capital is calling for applications for an event that would provide eligible companies with the resources needed to bring their products to the market. According to a press release seen by CryptoPotato, applications for the Permissionless Opportunities event have begun and will last till May 1. Permissionless Capital Unveils Opportunities Event The Permissionless Opportunities event gives eligible wWb3 startups tools, connections, and funds to navigate the blockchain space and launch their products. In…

[PRESS RELEASE – Dubai, UAE, April 9th, 2024] The new generation launchpad, Raiser.co, has signed on a partnership with MetalCore, to allow quest based access to the beta version of their upcoming web3 game. This partnership introduces a new approach for early adopters looking to gain beta access to upcoming web3 games. Instead of the traditional ‘first-come, first-served’ model, Raiser.co will implement a knowledge-based access system for the beta version of MetalCore. This system will favor users who show a…