US Web3 and Cryptocurrency Providers May Leave Amid SEC Action Against Coinbase and Binance, Warns 1inch Co-Founder
The SEC's enforcement action against Coinbase and Binance could result in major Web3 and cryptocurrency service providers leaving the United States, according to Sergej Kunz, co-founder of DeFi protocol 1inch Network. Kunz believes that regulatory uncertainty in the US could harm the industry and stifle innovation.
House Energy and Commerce Committee Subcommittee Discusses Blockchain Technology and the Future of Web3 with Crypto Industry Members
On June 7, the House Energy and Commerce Committee Subcommittee on Innovation, Data and Commerce held a hearing on blockchain technology and the future of Web3. Crypto industry members and legal experts, including Ryan Wyatt, president of Polygon Labs, testified before the committee.
Web3 Social Aggregator Yup Believes Ethereum Virtual Machine is Key to Streamlining Fragmented Social Media Landscape
Chase Chapman finds the social media landscape in Web3 to be chaotic and difficult to navigate, which may be a hindrance for users who are accustomed to established Web2 communities like Twitter and Instagram. On the other hand, Nir Kabessa, co-founder of Yup, a Web3 social network aggregator, sees the fragmentation as both exciting and unfortunate.
zkPass: Decentralized Social Identity Infrastructure based on MPC and ZKP
zkPass is a privacy protection protocol for verifying private data. It is based on MPC, ZKP, and three-party TLS. zkPass allows users to selectively prove their verifiable data in Web2 and Web3 to third parties, including legal identities, financial data, medical records, social data, work experience, educational credentials, and skills, without the need to upload files or disclose any personal privacy details.
Alive Completes $12 Million Institutional Funding Round to Democratize Access to AI and Drive Web3 Innovation
Alive, the world's leading Web3 artificial intelligence platform, has announced the completion of a $12 million institutional funding round, following a $5 million seed funding round in March. The funding will support the development and expansion of Alive's AI Node plan, which aims to democratize access to AI and enable more people to share the wealth opportunities brought by AI development.
MetaScan v1.6: Unparalleled Visibility and AI Security for Smart Contracts
MetaScan provides web3 developers with best-in-class security solutions
Over 500K Monthly Active Users: Explore How Gameta Boosts Web3 Adoption Through Hyper-Casual Games and Play-to-Earn Strategies
In April, Gameta successfully secured $5 million in seed funding, with prominent institutions like Binance Labs, Arcane Group, Gate.io Labs, Ceras Ventures, and Huobi Ventures contributing to the investment.
Luxembourg Competition Authority Launches First-Ever Market Study into Blockchain Technology
The competition authority of Luxembourg has announced that it will conduct a market study on blockchain technology, which could be the first of its kind to examine the economics of Web3. The government of the European Union member, which is a significant financial center, believes that the technology behind cryptocurrencies is essential to the digital and environmental transition.
Walmart’s Store No8 and Outlier Ventures Launch Web3 Accelerator Program
Store No8, Walmart’s incubation arm, and Outlier Ventures, a Web3 investor, have announced the launch of the Store No8 dCommerce Base Camp accelerator program. The 12-week program aims to help select startups focused on building in Web3 to deliver solutions that improve the global retail and commerce experience.
