Web3 is an idea for a new iteration of WWW that incorporates concepts such as decentralization, blockchain technologies and token-based economy. “Web1 was read-only, Web2 is read-write, Web3 will be read-write-only.” S4122
Web3 Blackbird startup
Blackbird, a new Web3 hosting platform, raised $11 million. The Blackbird Web3 platform will be a way for restaurants to connect with customers through loyalty and membership. An early version of the product is expected to launch in the first half of 2023. The startup will work to use NFTs to improve restaurant loyalty programs, as part of each consumer’s increased “lifecycle.” Leventhal aims to create a direct connection between the end consumer and restaurants, something that technology has obscured in recent years.
Juno launches tokenized loyalty program
Juno, a startup that makes it possible to receive their paychecks in CRYPTO, has raised a new round of funding as it expands its offerings to include a loyalty program. The year-and-a-half-old startup already has more than 75,000 customers in the US, who receive their salaries (some in full, the rest in portions) in crypto and regularly invest in digital assets every month. Customers can spend their crypto or cash using the startup’s Mastercard-powered debit card, make bill payments, and easily transfer money to and from traditional banks if they choose. Juno also offers current account customers direct access to layer 2 blockchains such as Polygon, Arbitrum and Optimism at no cost.
The eponymous platform integrates with all popular pay platforms in the US, allowing longtime crypto-believers to continue doubling their bets without having to worry about manually transferring funds to different exchanges. It also offers clients automatic tax reporting via Form 1099, saving them the hassle of manually reviewing their transactions and calculating earnings.
Blockchain and edge computing
Blockchain is sometimes thought of as a cryptocurrency in general, but it is much more. Blockchain represents a distributed cryptocurrency transaction system. Edge Computing uses distributed cloud computing using resources at the edge of the network to optimize access to data sources with better and more tightly integrated security. In other words, devices located close to other devices or systems with which they will exchange data. Since blockchain and edge computing thrive on the concept of the distributed network, the two can be a good pair working together. In specific examples of the benefits of blockchain and edge computing, there are particular IoT applications of industrial blockchain that can help energy management in smart cities using smart contracts.
Throw your Bored Ape in the trash!
A vicious article focusing on Bored Apes still going for over $100,000 (a fifth of what it was worth at the top of the market). But they are tied to the tumult of cryptocurrency volatility and market sentiment that has exploded with the fall in the crypto market. The article shows that beyond the media hype there is a technology that will change applications. If you know how to look beyond what’s on the market around NFTs, you’ll find unique ideas with real value.
“If you still don’t see the value, you might still have Bored Ape glasses on. Take them off. There’s a whole host of NFT technologies coming up.”
Price development for the most important NFT projects
number of the week
Test, interact and implement smart contracts
Foundry is a lightning-fast, portable, and modular toolkit for developing Ethereum applications written in Rust. Similar to Ethereum, Foundry consists of a series of Blockchain developer tools to test, interact with and deploy smart contracts on a local Blockchain built on top of Ganache. Foundry is consistently faster by a factor of 1.7 to 11.3x compared to its main competitors, depending on the amount of caching involved.
XANA, Japan’s Metaverse
XANA is a GameFi Metaverse NFT from Japan
XANA is an EVM-based blockchain infrastructure and DApps platform tailored for the Metaverse, adopted by major institutions and global brands. Over 100 team members from over 15 countries build Xana. Zana partners with the largest companies in various segments such as Tokyo City, Fuji Group and the best anime brands are represented in the metaverse followed by Japanese government agencies and corporations. The 150,000 virtual lands whose ownership can be verified can be traded with other users, rented by creators to build worlds and provide services to earn income from the metaverse.
👉XANA Metaverse: Fully user driven❗️
👉Unlike traditional games or virtual worlds, #XANA is a completely user-driven #Metavese. It allows users to own ownership of the asset and control the direction of the world through their DAO governance system.😍$XETA #web3 #Crypto pic.twitter.com/RIO9wNBtuH
— XANA (@XANAMetaverse) 9 October 2022
Borg, the next generation of eSports
Esports in web3 gaming is still in its infancy, but XBorg is one of the most promising blockchain esports organizations out there. Their decentralized app allows players to leverage their game data, own parts of their favorite esports teams, and get real value from their contributions. What problems does Xborg solve?
First about the community aspect: when you go into the web3 game and search for communities, most communities are around speculation, and for the familiar ones you enter that community, but it’s all a matter of price, it’s all speculation, people complain about a token price drop or reward drop and xborg believes to be the community that helps mass adoption of web3 games, mainstream web2 audience, this community should look like traditional game communities.
XBorg will allow eSports teams to earn additional revenue through the protocol, either through the quest system or through NFT placements. There is a disconnect between fans and teams, just like in football, you are a fan of the team. In eSports we are more fans of the players and there is this lack of loyalty between the fans and the teams that we establish via a team management system where the fans have a direct influence.
Will NFTs disrupt the music industry?
For many people, NFTs are synonymous with fine art. That may change as major players in the music world increasingly embrace NFTs. Billboard, a leading music industry publication, said, “There are signs of life again in the NFT music space after a slow summer.” Noting that Grammy-winning producers are starting to release musical NFT projects, Billboard reported that sales of musical NFTs exceeded 1,434 ETH (about $2 million) in September.
In France, Pianity French NFT music market launches its app
Warner Music Group collaborates with OpenSea
Warner Music Group has announced a partnership with NFT Marketplace OpenSea to provide its artists with a platform to build and expand their fan community on Web3. In addition, WMG artists will be able to post a dedicated page to host exclusive projects. Warner Music Group previously partnered with Metaverse NFT’s The Sandbox in January of this year. He is actively working on WEB3 areas, such as creating “Warner Music Group LAND” with the theme of music in the Metaverse.
Why are Web3 entrepreneurs coming to Singapore?
Looking at other parts of Asia, Hong Kong has a lot of political risks. In the past, there were many virtual currency companies, but they are all gone. In the Covid disaster, the immigration restrictions that come with the zero covid policy are also an obstacle. There is also Taiwan, but there is a Chinese risk. South Korea is a country where ICOs have previously been banned and tokens cannot be issued, and regulations have become more stringent and fluctuating, so Web3 entrepreneurs tend to avoid them.
Under such circumstances, Singapore has become a hub for overseas Chinese entrepreneurs who have fled China, where blockchain-based businesses are regulated. Before the Web3 boom, blockchain companies were concentrated. Moreover, Chinese VCs and Western VCs are based in Singapore, and token-based investments are also popular, so it is easy to communicate about fundraising.
How to make NFTs accessible to as many people as possible
The concept of non-fungible tokens (NFTs) is becoming increasingly popular among companies worldwide, although according to the latest Bloomberg report, NFT trading volume has fallen by 97% since January. Using blockchain, NFTs allow you to take digital ownership to the next level. It is a different type of investment than other cryptocurrency investments. But how do you make NFTs available to as many people as possible? 2 trends that are starting to show.
This is a trend that NFT platforms are addressing, making it possible to have a first NFT by completely removing the barriers to first NFT possession. users do not need to prepare virtual currency to receive an NFT. Most wallets like MetaMask have so far been an obstacle to opening it up to a mass market.
Another trend of offering free NFTs, many new platforms and companies have giveaway campaigns that can help you earn free NFTs. Twitter has announced that it is giving away free NFTs (non-fungible tokens) as part of its “giveaway” campaign. The Showtime platform which is a web3 social network on iOS, Android and the web. Showtime 2’s flagship feature is “Free NFTs”, the easiest way for a creator to drop a free NFT into their community. Even creators only make money if fans make money: thanks to EIP-2981, secondary sales on OpenSea and all Polygon-supported NFT marketplaces will earn royalties for their creators.
The rationale for free NFTs is simple: most people are currently priced out of NFTs, so we need to start their web3 journey in a way that doesn’t involve money.
1/ Why we should regulate web3 apps, not protocols. 👇🧵https://t.co/era7X1EZk0
— miles jennings (@milesjennings) 29 September 2022