Hedera Protocol recently announced the establishment of a $250 million fund dedicated to DeepTech. The objective is to promote web3 education and encourage its adoption in Saudi Arabia. An X announcement disclosed that the partnership will span five years. Between
Africarare is set to launch its virtual currency, the Ubuntu Token. The token is aimed at becoming a means of payment in the virtual marketplace of the metaverse. It would provide e-commerce and charitable support, with 10% of sales going
Fetch.ai called in administrators Resolve Advisory on Jan. 23 after the startup’s UK business ran into “financial difficulties” that made it impossible for the unit to “pay its debts,” the Evening Standard reports. The decision came after Fetch.ai’s UK arm
In a move towards embracing the future of technology, Japan is positioning itself at the forefront of the web3 era. Masaaki Taira and Hideto Kawasaki, prominent Japanese congress members, have expressed their intent to develop comprehensive policies for web3. This
A coordinated phishing attack targeted the cryptocurrency market, resulting in losses exceeding $580,000. On-chain sleuth ZachXBT claims that suspicious users received emails imitating web3 businesses like CoinTelegraph, Token Terminal, and Wallet Connect. The emails tricked users into clicking “airdrop claim”
Cartesi’s Jathin Jagannath highlights regulatory challenges hindering web3 growth in Africa, stressing the need for clarity to spur adoption and innovation in the continent’s digital landscape. Jathin Jagnnath, Cartesi’s developer advocate, expressed the need for improved digital literacy. He stressed
In 2023, web3 apps soared 124%, with blockchain gaming leading the way at 34% dominance. Non-fungible tokens (NFTs) and decentralized finance (DeFi) also surged, reaching $103 billion in TVL. According to a Jan. 11 study from blockchain analytics company DappRadar,
Bitget has committed $10 million to women-led web3 startups, fostering gender diversity and inclusivity in the blockchain industry with Blockchain4Her. Bitget, a cryptocurrency exchange, allocates $10 million to invest in startups led by women in the web3 and blockchain industries.
Tune.FM, with its headquarters in San Francisco, a web3 decentralized music streaming platform, has secured USD 20 million in funding from global investment group LDA Capital. Web3 music platform Tune.FM raised $20 million in funding from alternative investment group LDA
Binance Research reports AI tokens like Fetch, Ocean, and Oraichain gained 185% in 3 months, ranking 2nd (excluding memecoins) and outperforming most other sectors of the crypto market. The rise of artificial intelligence (AI) technology in 2023 can be attributed
In a year in which AI dominated virtually every economic sector, related cryptocurrency tokens soared in value as investors took positions in a technology that’s being viewed as the next big thing. The broader crypto market bounced back in November,
In 2023, the Web3 landscape experienced a setback, with $1.8 billion lost to hackers and fraudsters. A portion of these losses, about 17%, has been linked to the Lazarus Group, believed to be connected to North Korea. This information emerges
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