Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Web3
Venom Blockchain Partners with DAO Maker to Incubate Web3 Startups Focused on Real-world Use Cases
Venom Foundation, the first Layer-1 blockchain licensed by the Abu Dhabi Global Market (ADGM), has announced a partnership with DAO Maker, a leading blockchain growth solutions provider known for their Launchpad, to incubate promising Web3 startups focused on delivering real-world use cases. DAO Maker will actively assist in developing the Venom ecosystem and contribute to the success of projects within the Web3 space. With DAO Maker’s support, Venom is confident that it will enable developers to make valuable contributions to…
2 years ago
Web3 Security Company Cyvers Releases DeFi Threat Detection Report
Cyvers, a web3 security company founded by Deddy Lavid and Meir Dolev, has released a security report analyzing the major events, threats, and best practices for protecting assets in the DeFi space. The comprehensive report provides valuable insights for projects and organizations looking to participate in the web3 ecosystem securely. The state of web3 security in 2022 was a major concern for industry participants and regulators alike. The rapid evolution of financial technology in space led to increased security vulnerabilities…
2 years ago
Mastercard Unveils Polygon-based Web3 Accelerator for Musicians
Global payments network Mastercard has revealed its latest innovative Web3 venture. Via the new “Artist Accelerator” feature, Mastercard hopes to usher in five burgeoning musicians into the Web3 experience as well as stardom. Mastercard Program to Teach Web3 Branding Dubbed the Mastercard Artist Accelerator, the initiative is set to leverage Web3 and blockchain solutions to empower rising artists. The Mastercard program will feature a unique training module that prepares artists to utilize Web3 in creating their brands. Not only that,…
2 years ago
AAG Introduces MetaOne Wallet to Simplify and Streamline Web3 User Experience
Web3 infrastructure company AAG has officially launched its flagship product - the MetaOne® Wallet. To simplify and ease the onboarding of new users into the Metaverse economy, the MetaOne Wallet eliminates the requirement for users to remember or safely store their private keys and seed phrases. Further user-friendly features include fiat on-ramps provided by industry giants Coinbase Pay and Simplex, an integrated decentralized application (dApp) marketplace serving only approved dApps, and AAG’s educational AAG Academy. Jack Vinijtrongjit, Co-Founder and CEO…
2 years ago
Stepn Founders Unveil New Creator-Friendly NFT Marketplace
Web3 gaming and development studio, Find Satoshi Lab, the creator of move-to-earn mobile game Stepn has just unveiled its new platform MOOAR. The new platform is a multichain, membership-based marketplace for non-fungible tokens and is the development company’s 3rd rollout since its 2021 launch. Empowering Web3 Creators Find Satoshi Lab announced the launch in a tweet earlier today. The team stated that the project was one of many one-stop platforms the company has planned for the Web3 space. MOOAR is…
3 years ago
Roe Vs Wade Activism Enters the Web3 Space
Following the supreme court’s decision to overturn Roe v. Wade, some activists are turning to Web3 to rally support for women’s reproductive rights. Of late, several community members have joined the fight by campaigning to generate funds and draw attention to the cause. Web3 Offerings Find a Place in Women's Rights On June 24, the US Supreme Court overturned the critical case that previously protected women’s rights to have an abortion. Since the historical ruling two weeks ago, flurries of…
3 years ago
Solana Launches First Web3 Android Smartphone, Saga
Solana Mobile, a subsidiary of Solana Labs, announced the launch of its Android smartphone, Saga on Thursday. The flagship phone, which debuted at a New York event, has unique functionalities based on the Solana blockchain. It allows users to carry out transactions in web3, including managing their tokens and NFTs. Saga sets a new standard for the web3 experience on mobile,” Anatoly Yakovenko, Solana’s co-founder, said at the event. Yakovenko pointed out that Saga was created to meet the steady…
3 years ago
Using Figment.io to Stake Cryptos – A Practical Web3 Guide
Crypto staking is the most straightforward approach to passively building your crypto holdings. It entails dedicating your digital assets to sustain a network and authenticate transactions. Instead of obligating blockchain nodes to use expensive computational machines, the Proof-of-Stake (PoS) protocols propose an eco-friendly approach. PoS demands you to stake (delegate) your digital assets and compensate you for doing so. Figment.io (or, simply, “Figment”) is one of the platforms that created strong market traction in the staking field. What does Figment…
3 years ago
Hansen Launches Web3 Messaging App to Rival Discord
Web3 analytics firm Nansen released a targeted rival app to Discord on Wednesday. The new product, Nansen Connect, a messaging app, was created to serve web3 communities' communication needs. It will be accessible to wallet holders and will use Nansen's existing information database to enhance user experience for a predominantly crypto audience. The blockchain analytics company Nansen Limited made the announcement in a blog post earlier today. It stated that Connect would leverage wallet-labels, a Nansen initiative for identifying blockchain…
3 years ago