WEB 3.0

Hong Kong intends to introduce regulations that specifically focus on the tokenization process
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Hong Kong intends to introduce regulations that specifically focus on the tokenization process

Hong Kong’s Secretary for Financial Services and the Treasury, Christopher Hui, announced new regulations for the tokenization sector during the Hong Kong Fintech Week. He dismissed concerns about the JPEX scandal affecting the growth of the web3 market. The upcoming regulations will focus on token issuance, wallets, and other virtual asset regulations beyond exchanges. The...

Web3 could potentially achieve a significant victory in the world of sports
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Web3 could potentially achieve a significant victory in the world of sports

Blockchain technology is revolutionizing the sports industry, with revenue from blockchain expected to grow at a 9% CAGR over the next five years. Web3’s influence in sports is democratizing the industry, giving fans a significant stake and voice in their favorite teams’ operations. Non-fungible tokens (NFTs) are also playing a significant role in transforming the...

Magic Eden Launches Marketplace for Bitcoin Ordinals
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Magic Eden Launches Marketplace for Bitcoin Ordinals

Nonfungible token marketplace Magic Eden has launched its own “fully audited” marketplace for Bitcoin Ordinals, leveraging the surging interest in “Bitcoin NFTs.” The newly launched marketplace allows Bitcoin NFT traders to buy and sell Bitcoin Ordinal collections, giving users a similar experience to the one that Magic Eden offers for Polygon, Ethereum and Solana-based NFTs....

Hong Kong Allocates $50M for Web3 Development
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Hong Kong Allocates $50M for Web3 Development

The Hong Kong authorities have allocated $50 million to accelerate the development of the crypto industry. Hong Kong Financial Services and Treasury Bureau (FSTB) Chairman Christopher Hui made the announcement at the Web 3 Investment Summit hosted by Aspen Digital, according to a press release on the Hong Kong government website. According to him, the...

Meta Ends NFT Support on Instagram and Facebook
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Meta Ends NFT Support on Instagram and Facebook

Meta has decided to stop supporting NFT on its social networks Facebook and Instagram. This was announced by the head of commerce and financial technologies Meta Stephane Kasriel. NFT support was added to the Meta social networks six months ago. At the end of August 2022, the company announced the introduction of digital tokens on...

Hermes Seeks for a Complete Ban on NFT Series Sales with Birkin Bags
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Hermes Seeks for a Complete Ban on NFT Series Sales with Birkin Bags

The French Fashion House Hermes decided to achieve a complete ban on NFT series sales with Birkin bags. The company appealed to the federal court with a request to ban the artist Mason Rothschild to advertise, sell and own digital tokens issued by him from the Metabirkin collection, after the jury established that they violate...

Snoop Dogg Revealed as Co-founder of WEB3-Powered Livestream Platform
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Snoop Dogg Revealed as Co-founder of WEB3-Powered Livestream Platform

American rapper and actor Snoop Dogg has been revealed as one of the co-founders of a Web3-powered live streaming app called “Shiller” — adding to yet another Web3 partnership for the well-known hip-hop artist. The app is described as a “live broadcast platform” that aims to combine Web3 technology with real-time live-streaming content. The rap...

Web3 Game Worldwide Webb Raises $10 Million From Pantera Capital
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Web3 Game Worldwide Webb Raises $10 Million From Pantera Capital

Investment firm Pantera Capital has invested $10 million in massively multiplayer online role-playing game Worldwide Webb in its Series A funding round. Launched in 2020, Worldwide Webb offers a compatible Massively Multiplayer Online Role Playing Game (MMORPG) where players can use their own NFTs from multiple blockchains to use as avatars to participate in battles,...