Web3, June 10: Jack Dorsey’s Web5 venture and Meta’s virtual social space
Jack Dorsey’s new Bitcoin venture TBD plans to build “Web 5” Jack Dorsey’s “extra decentralized” TBD has announced today it’s going to focus its efforts on building a decentralized Web platform. According to the official site, it aims to “put you in control of your data and identity,” describing itself as “Web5.” Jack Dorsey first […]
What is a DAO?
DAO stands for a decentralized autonomous organization. In a world where decisions are usually made by one party with its own agenda, DAOs represent a breath of fresh air and hope for a better way to organize a project, fund or community. They help create a trustful and equal environment where decisions are made considering […]
Web3 news, June 9: NFT tracking platform from former Robinhood COO, Anthony Hopkins’s interest in digital art, ‘Cryptoys’ from Mattel
NFT tracking platform led by former Robinhood Crypto COO raises $8 million Christine Brown, the first COO of Robinhood Crypto, along with the former head of mobile at Venmo, Chris Maddern, has announced an $8 million seed round led by Crypto.com, B Capital, 6th Man Ventures and others for their new NFT venture, Floor. Floor […]
Web3, June 8: Solana’s $100M fund, Salesforce NFT platform, Alibaba Cloud NFT services
Solana launches $100 million fund to support Web3 startups in South Korea Solana Ventures and Solana Foundation have announced they’re launching a $100 million investment fund to finance DeFi, NFT and Web3 projects in South Korea. Why South Korea? The teams believe that “Korea is at the forefront of web3 game design and development” after […]
Web3 news, June 7: Samsung’s Web3 Discord, Metaverse crypto index, English Premier League NFT move
Bitwise, Multicoin, Matthew Ball set up Metaverse Crypto Index Fund Bitwise Asset Management, Multicoin Capital and Matthew Ball have launched the Ball Multicoin Bitwise Metaverse Index Fund, a metaverse crypto asset index and fund with 40 crypto assets. Matthew Ball describes it as a “rules-driven index that combines the best of institutional indexing approaches with […]
Web3 news, May 31: Sci-fi project from Hunger Games execs, Gary Vee’s NFT venture, market outlook
‘Hunger Games’ creative execs turning new project into Web3 world In an interview with Decrypt, Cedric Nicolas-Troyan, Bryan Unkeless, Blaise Hemingway and Bryce Anderson shared their vision and plans for the upcoming sci-fi project called Runner. Runner is built to become a video game, NFT profile picture project, comic book and TV show. “While our […]
Web3 news, May 30: Prada, Balmain, Nike, market growth
This week kicks off in fashion! Major luxury brands are turning to the digital assets space in an attempt to capture potential buyers’ attention. Prada has become the latest luxury brand to launch NFTs Prada is launching its newest Timecapsule collection with a tech twist on Thursday. The Italian luxury fashion house is releasing 100 […]
WTF (What the Fungible)?
NFTs are taking over the Internet by storm, but what are they? (Solana Boss Bulls Club) The word NFT is an abbreviation for the term Non-Fungible Token. Tokens are not to be mistaken with currency because they are one-of-a-kind assets similar to Pokemon cards or other collectors items. Nevertheless, similar to cryptocurrency, tokens are cryptographic, […]
Is Investing in NFTs the Right Choice for You?
In short, there’s no way to truly know just yet. However, if you are an entrepreneur, artist, creator, or gamer it makes sense to be extremely curious. There is definitely not enough evidence just yet to support whether or not NFTs are a profitable long-term investment and each individual has a unique financial situation, nevertheless, […]
May 24, Web3 news: Earvin ‘Magic’ Johnson, $37 million for metaverse app, 26 NFT trademarks
Earvin “Magic” Johnson to launch NFT collection Earvin “Magic” Johnson is joining the list of athletes and celebrities who entered the non-fungible (NFT) space. The basketball legend is releasing “The anthology: Magic Johnson” NFT collection on June 7 in partnership with NBA Top Shot. The collection will consist of 1,600 digital collectibles packs depicting the […]