News

The renowned racing competition Formula One has recently registered for trademarks of different web3 products. The company has trademarked F1 for cryptocurrency, non-fungible tokens, and metaverse with five other similar domain products. The racing competition company has hinted at its plans to set…

Metaverse development is in its initial stage, and nobody knows what a fully developed metaverse would look like. After all this, the newest technology in the world is driving people crazy, and businesses are looking at it as a new source of driving sales figures crazy. Out of all the countries,…

Commercial Bank International (CBI), a leading Dubai banking service provider, has confirmed its presence in the metaverse. As per the announcement made by the banking entity, popularly known as CBI, they will be the first United Arab Emirates bank to provide services in the web3-based metaverse.…

India has registered a tremendous amount of popularity for startups in recent times. The entrepreneurial opportunities for people with business mindsets have been on the surge in the web 2.0-based industry. Now, with the introduction and development of new web space, viz. Web3, the industrial…

The collaboration between Google Cloud and Near Protocol will help NEAR developers create and scale up Web3 projects and DApps. The Pagoda Web3 startup platform, developed by the Near Foundation, will now have an infrastructure. The infrastructure is the outcome of a new agreement between Google…

Statistically reported 85% exposure to Web3-related companies, the ETF tracks the Bitwise Web3 Equities Index. On October 3, Bitwise Asset Management unveiled a new exchange-traded fund (ETF) that would give institutional and individual investors access to businesses that were “positioned to…

The NFT space is constantly updated with new features that benefit both the users and collectors. On October 5th, OpenSea announced on Twitter that users could list and purchase NFTs in bulk. Users can list and buy up to 30 digital collectable items in a single flow. We’re officially live with bulk…

Golden, a Web3 data business, has raised $40 million in a Series B investment led by the cryptocurrency division of renowned venture capital firm Andreessen Horowitz (a16z), based on a post on the company’s website. Golden will use the funding to develop its decentralized and incentive-based…

The Chairman of Dubai Executive Council and Crown Prince of Dubai, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, announced the official launch of Dubai’s Metaverse Strategy, stating clearly the city’s aim to make a big leap in turning it into one of the top 10 global metaverse economies. The…

Users can now upload and share non fungible tokens(NFT) from their digital wallets in 100 different countries. Facebook and Instagram’s parent company, Meta, have recently released another statement addressing its initiative to encourage digital arts. By connecting their wallets and sharing…

The non-fungible token (NFT) marketplace OpenSea and the global music and entertainment company Warner Music Group (WMG) teamed up to provide musicians with a platform to develop and build their fan bases within the Web3 community. According to the sources, the collaboration between these two…

Allaire considers identity and confidentiality the two main pillars of a future Web3. Jeremy Allaire, CEO of stablecoin issuer Circle, stated that the world is finally transitioning from the hypothetical value stage of cryptocurrency to the operational phase at the Converge22 conference in San…