Irene Zhao’s Web3 Social Platform So-Col Unveils $4.5 Million in New Funding
So Col, a decentralized social platform, has raised $15 million in a funding round led by Irene Zhao, a prominent venture capitalist and blockchain investor. So Col is a Web3 social platform that allows users to create and engage with decentralized communities using blockchain technology.
Itheum Joins Cointelegraph Accelerator Program To Democratize Data Ownership
Itheum, a Web3 data infrastructure platform, is partnering with Cointelegraph Accelerator to bring control back to individuals over their data. Itheum allows commercial enterprises and end-users to own, trade, and be rewarded for their data in a new asset class that can power the future data economy. Commercial enterprises can utilize Itheum to create data-backed loyalty cards, data passports, and data stream NFTs, while marketplace traders can mint and list their data stream NFTs. The partnership with Cointelegraph will help Itheum broaden its reach and convey its mission of returning data ownership to users through its Web3 data brokerage platform.
bZX DAO Class-Action Ruling: Dev With Upgrade Key Makes Platform Custodial
A US district judge has ruled that developers with upgrade keys to a smart contract make the arrangement custodial, according to an update to the class-action lawsuit against bZX DAO members. Web3 lawyers spotted the significance of the ruling, which may mean that decentralized finance (DeFi) platforms that use multisigs may be seen as custodial platforms. This could require such projects to obtain licenses for custody to comply with the law. The ruling has been deemed significant for the decentralized autonomous organization (DAO) space, and must be examined by anyone thinking about legal liability in the DAO space, said Gregory Schneider, deputy general counsel for Hedera.
On the Merge of Equity in Web3 and Other Investment Trends
People typically love a story of new ideas revolutionizing the old. As romanticizing as this may sound, the reality is that new ideas and platforms usually go through a transition period, which we refer to in this article as “the merge of equity, FT and NFT”.
Crypto Morning Briefing: Justin Sun’s US Fraud Charges Could Hamper Huobi’s License Application in Hong Kong
CFTC Sues Binance and CEO for Violating Trading Rules, Bitcoin and Ethereum Prices Dip; Binance Continues Global Expansion With New ‘Web3 Outpost’ in Georgia; Dogecoin To Get Upgrade Release Packed With New Features and Enhancements
“Understanding NFTs: A Comprehensive Guide to NFT Development Services”
NFTs, or non-fungible tokens, have been making waves in the digital world in recent years. NFTs are unique digital assets verified on a blockchain, giving them a level of security and authenticity that is hard to match in the traditional digital landscape.
Binance Continues Global Expansion With New ‘Web3 Outpost’ in Georgia
Binance, one of the world's largest cryptocurrency exchanges, is continuing its global expansion with a new outpost in Georgia. The outpost will focus on Web3 technologies, which include blockchain, decentralized finance (DeFi), and other decentralized applications.
Crypto Evening Briefing: Michael Saylor’s MicroStrategy Repays Silvergate Loan and Buys 6.5K BTC
MicroStrategy has increased its total Bitcoins holdings to 138,955 BTC, purchased for $4.1 billion at an average of $29,817 per coin.
Franklin Templeton Sees Web3 Driving Next Wave of Tech Innovations
According to a report by global asset manager Franklin Templeton, decentralization will drive a fourth wave of technology-backed innovations. The report outlines five "megatrends" transforming modern society, including the shift from proprietary networks to open networks, the focus on intangible assets, and the increased impact of an individual's voice on a company's strategy. The report also highlights the rise of decentralized solutions, such as tokenized assets and decentralized finance (DeFi), which offer advanced trading techniques like derivatives and staking. Franklin Templeton has made firm moves into the blockchain space, and announced plans to offer digital asset strategies to wealth managers last September.
