Japanese financial group, Sumitomo Mitsui moves forward with SBTs to explore Web3
Sumitomo Mitsui (SMBC), a popular Japanese financial group, is now set to use Soulbond Tokens to explore the benefits of Web3 Technologies. Soulbond Tokens were proposed by the founder of Ethereum, Vitalik Buterin. These tokens refer to digital identity to conserve representing the reputation or characteristics of an entity, person, or a ‘soul’. These tokens…
Starbucks Brings In Beta Of Web3 Based ‘Odyssey’ Loyalty Program
On Thursday, Starbucks launched a Beta trial of its highly-expected ‘Odyssey’ experience, consolidating client loyalty rewards with a non-fungible token (NFT) collection and other gamified components. The famous coffee chain opened up the Web3 expansion to its Starbucks prizes program to a “small group of waitlist members,” including employees and clients, permitting them to take…
Emerging Web3 Technologies to aid Tamil Nadu’s $1 Trillion economy by 2030
Web3 Technologies, including blockchain and metaverse, are thriving, and it has been noticed that Tamil Nadu is looking forward to a vibrant culture with these new-age Technologies. As per a report by KPMG and the Confederation of the Indian Industry, Tamil Nadu’s growth ambitions can be successful with the association of these next-gen technologies. All…
Web3 Has the Potential to Change How Financial Information is Handled: FM Nirmala Sitharaman
The Indian Finance minister Nirmala Sitharaman said that web3 technologies would transform how we handle and process financial information. “When we have to look at technology and adaptation of technology, web3 is taking over our lives. I think the manner in which financial information is gathered, processed, and also reported is going to see a…
Nike Launches .SWOOSH, Its Official NFT-enabled Web3 Virtual Marketplace
In April of 2021, the company introduced virtual Nike sneakers as Ethereum NFTs after acquiring Web3 studio RTFKT. With RTFKT, an NFT and online fashion company it purchased in late 2021, Nike is one of the most significant participants in the fashion sector in Web3, and we’re seeing the retail giant steadily introduce all its…
World Economic Forum Launches Crypto Sustainability Coalition For Fighting Climate Change
The World Economic Forum (WEF) brought about Crypto Sustainability Coalition to take advantage of Web3 technology for climate change. The technology industry is becoming aware of the need for climate action, and tech giants are taking sustainability initiatives. Blockchain technology is constantly accused of increasing carbon footprint, and a new initiative has been taken to…
Why Your Business Must Be Web3 Ready? [Top Benefits & Use Cases]
Ever since the concept of Web3 emerged, users have been getting excited day by day. That’s understandable, considering the tons of benefits that users can have. The question, though, is, what’s in it for businesses? Has the time arrived for businesses to get Web3 ready? Let’s understand this a bit more! The evidence of corporations…
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