Web3 news of the day: May 6, 2022

Here is the news the Web3 world has brought us this Friday.

Google Cloud joins the Web3 world

Google Cloud vice president Amit Zavery announced to employees in an email on Friday that the  cloud computing division has formed a Web3 team. Their main focus will be on back-end services for developers creating Web3 applications, the email said.

“While the world is still early in its embrace of Web3, it is a market that is already demonstrating tremendous potential with many customers asking us to increase our support for Web3 and Crypto related technologies,” Zavery added.

OpenSea has allegedly been exploited to promote a scam 

The NFT marketplace’s Discord has been hacked in an attempt to promote a scam. The hack has been confirmed by OpenSea and a security firm PeckShield.

Users and team members have been sharing screenshots posted on the social media platform, with an OpenSea bot announcing, “YouTube is officially partnering with [OpenSea] to bring their community into the NFT space.”

“We are currently investigating a potential vulnerability in our Discord, please do not click on any links in the Discord,” OpenSea posted on Twitter.

Traditional gaming startup raises $3M to transition from Web2 to Web3

Ready Games has raised $3 million through its AURA token sale. The list of investors includes Polygon, Tribe, Mapleblock Capital, Spartan and IOSG.

According to the game’s official site, it is building mobile-first Web3 tools, technologies and distributed ecosystem and is planning to bring the new web to the Apple App Store.

“In a sense, we’ve unblocked for thousands of game studios the ability to be like a testnet. Through Ready they can very quickly, in sub-30 days, take an existing Android or Apple game and bring it on-chain,” said the CEO of Ready Games David Bennahum, in an interview with CoinDesk. 

NFT project Doodles welcomes former Billboard president as CEO

Julian Holguin, a Billboard executive of over 10 years, is joining a community-driven NFT project, Doodles, as a CEO. According to their LinkedIn bio, Holguin previously worked at NBC, New York Daily News and BBC.

“Julian will work alongside the founders to expand Doodles IP through music, gaming, and entertainment, while deeply integrating culture into the product,” Doodles announced on Friday, also adding that the project will be introducing a new phase “in the coming weeks.”

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NFTs need a rebranding—and a decoupling

On MSNBC’s “Morning Joe,” branding expert Donny Deutsch gives NFTs a “brand down” assessment. Here’s why NFTs need a rebrand and a decoupling from cryptocurrencies.


What makes a work of art transformative?

What makes a work of art transformative and considered fair use under US copyright law? IP attorney Lance Koonce lays out the four factors that constitute fair use under copyright law precedents.



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