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BNB Chain Launches Rollup-as-a-Service to Bolster L2 Blockchain Development
14.3.2024
On Thursday, the team behind BNB Chain introduced a novel Rollup-as-a-Service (RaaS) offering for the development of layer two blockchains (L2s) atop the BNB Chain. The team detailed that the service equips sizable decentralized applications (dapps), enterprises, and the BNB Chain with...
Web3 Fashion House mmERCH Secures $6.4m in Seed Investment Ahead of Innaugural Collection
14.3.2024
Blockchain-enabled Web3 fashion startup mmERCH announced its $6.4 million seed funding round at a $25.7 million post-money valuation led by Liberty City Ventures Thursday, marking a significant milestone for the Colby Mugrabi-led fashion house.
The post Web3 Fashion House mmERCH Secures $6.4m...
Polkadot aims to evolve into a global supercomputer in Web3
14.3.2024
Polkadot has been identified as becoming the global supercomputer in Web3. This pertains to nearly replicating AWS’s tasks for the world right now. Amazon World Services uses servers. Polkadot, instead, looks to leverage blockchain and introduce Cores to serve the scalability aspect of Web3....
Reddit Is Making a Deal With the AI Devil
14.3.2024
The social media giant's $60 million real-time data deal with Google is latest example of internet companies selling out their users who have nominally "consented" to share their personal information but have no control. Blockchains and ZK-proofs could help prevent corporate overreach, Nym CEO...
Acurast incorporates peaq to decentralized cloud computing solutions
14.3.2024
Acurast incorporates peaq for positioning its multifaceted oracle on peaq, and provides its off-chain computing layer to peaq conventional DePINs as a substitute for centralized cloud solutions. Added to that is connecting with peaq IDs for devices on its DePIN. The cloud market is growing...
TON Foundation enters partnership with Fireblocks and DWF Labs
14.3.2024
TON Foundation has entered into a partnership with Fireblocks and DWF Labs. The announcement was shared on the official X account of TON. The tweet read that the parties will join forces to bring secure and advanced direct custody technology to the general public. The move will make Web3 more...
GAIMIN – Delivering Web3 to the Gaming Ecosystem
13.3.2024
GAIMIN is creating the world’s largest GPU-based DePIN to address the increasing worldwide demand for data processing power. GAIMIN’s DePIN, called gaimin.cloud, currently focuses on delivering data processing services for Artificial Intelligence (AI), Video Rendering (VR) and...
Tour De Force: Avalanche is now a feature of Rainbow Wallet
13.3.2024
In the latest development, Avalanche has been added to the Rainbow wallet, and the mesmerizing world of Avalanche can be explored through Rainbow’s mobile app and browser extension. Rainbow has been recognized as a simple and secure way to explore Web3, NFTs, and Ethereum. It has introduced Rainbow...
Phishing Scammers Stole $47 Million From 57,000 Victims in February Alone — Report
13.3.2024
Nearly $47 million was stolen from approximately 57,000 crypto users by criminals who use phishing scams to lure victims. The Scam Sniffer data highlights that most of the thefts occurred on the Ethereum chain, with ERC-20 tokens being the most targeted. Unlike in January, the number of victims...
Blockchain-Based Game MetalCore Receives $5 Million in Latest Funding Round
13.3.2024
Studio369's MetalCore secures $5 million in the latest funding round for its web3 combat MMO set in a dystopian alien world, key investors including Delphi Digital, BITKRAFT Ventures.
The post Blockchain-Based Game MetalCore Receives $5 Million in Latest Funding Round appeared first on Cryptonews
Code4rena forges a collaboration with Chainlink Labs
12.3.2024
Code4rena forges an exclusive collaboration with Chainlink Labs to boost their ecosystems’ growth. Added to that will be the backing of Chainlink BUILD, along with Chainlink SCALE members, with audits about smart contracts. In 2021, Code4rena addressed the obstacles related to Web3 safety...
Web3 gaming on rise: Funding, partnerships, and emerging trends
12.3.2024
Web3 gaming has gained momentum, with several titles entering the market. The fundamental distinction between traditional and Web3 gaming is that of its backend operations. Traditional gaming utilizes centralized infrastructure to enhance the user experience. On the other hand, the Web3 gaming...
OKX backs $50M round for SVM-Powered Eclipse L2!
12.3.2024
OKX Ventures, the investment arm of OKX, a widely recognized exchange and Web3 technology company of digital assets, has declared its financial support for Eclipse in a $50 million Series A funding round. Eclipse is an information-packing Ether platform based on Solana’s Virtual Machine...
Animoca Brands inks an exclusive deal with KACST
12.3.2024
Animoca Brands inks a special deal with King Abdulaziz City for Science and Technology to further the Web3 and gaming space in Saudi Arabia. KACST, as it is popularly known, was established in 1977. It runs as an independent government company involved in encouraging the furthering of science...
‘Web3 Gaming Offers a Pathway to a More Inclusive and Vibrant Gaming Ecosystem’ — Weiwei Geng
12.3.2024
While the traditional gaming industry’s free-to-play model is largely credited for its past and projected success, on the downside this model only prioritizes building games that “optimize for addiction and profit maximisation” rather than “innovative entertainment,”...
Nexon’s MMORPG MapleStory to Launch Web3 Version on Avalanche
12.3.2024
South Korean videogame developer Nexon to launch a web3 version of its MMORPG MapleStory on the Avalanche blockchain, introducing user-generated content and new gameplay mechanics.
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Exclusive: Web3 Development-Focused Core Foundation Launches New NFT Marketplace
11.3.2024
Core Foundation will embark an NFT collection drop for the community, dubbed – Core Journey.
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CREO Engine announces integration with Neo Tokyo
11.3.2024
CREO Engine announced an interaction with Neo Tokyo. The objective is to drive innovation and growth in the Web3 gaming industry. Creo Engine said in the announcement that purchasing the S1 Citizen felt only natural, hinting that it is something that was bound to happen one day or another. It chose...
LBank Labs and BlockNews Host Web3 Summit Dubai 2024 with DIFC and DMCC as Official Partners
11.3.2024
The highly anticipated “Web3 Summit Dubai 2024” is scheduled to take place on April 16th-17th, 2024, at the prestigious Atlantis, The Palm hotel in Dubai. This summit marks a significant milestone in the realms of cryptocurrency and financial technology, promising a profound exploration...
This New $5M Fund Aims to Scale Bitcoin-Aligned Projects in India – Here’s the Latest
11.3.2024
Core Foundation's $5 million fund aims to further India’s decentralized application ecosystem on Core Chain.
The post This New $5M Fund Aims to Scale Bitcoin-Aligned Projects in India – Here’s the Latest appeared first on Cryptonews