SharkTeam Releases “On-Chain Security Analysis Research Report” during Hong Kong Web3 Festival
During the Web3 Festival in Hong Kong, SharkTeam released the “On-chain Security Analysis Research Report” and had an in-depth discussion with the participants and Web3 users about on-chain security and on-chain data analysis.
Financial Firms Launch Blockchain Network to Streamline Markets with Web3 Tech
Financial firms such as Deloitte, S&P Global, and Moody's have joined forces to support the launch of the Canton Network, a blockchain platform designed to streamline financial markets using Web3 technology. The network aims to provide companies with decentralized infrastructure that can make transactions more efficient, linking financial systems together and allowing them to operate in a synchronized way. The institutional adoption of Web3 technology was still strong last year despite a decline in digital asset prices. The Canton Network leverages a smart-contract language named Daml, created by the software company Digital Asset, and has 30 participants so far, including Paxos, Goldman Sachs, and Microsoft.
Trust Army: A Web3 Search Platform to Detect Crypto Scams and Improve Transparency in the Crypto Sector
Hacken.AI has launched the beta version of Trust Army, a Web3 search platform aimed at detecting crypto scams. The platform has already investigated 560 blockchain projects and received over 5,000 user reports in just 98 days. Trust Army aims to improve the trustworthiness of the Web3 sector by providing reliable information on different blockchain projects, including tokenomics, trustworthy backers, and transparent allocations. Users can also earn rewards for contributing to the platform's transparency. The Hacken.AI team emphasizes the importance of analyzing and monitoring Web3 projects due to the significant percentage of dubious projects in the sector. It is crucial for individuals to be objective, rational, and informed in order to spot crypto fraud and avoid falling victim to it.
Trust Army: A Web3 Search Platform to Detect Crypto Scams and Improve Transparency in the Crypto Sector
Hacken.AI has launched the beta version of Trust Army, a Web3 search platform aimed at detecting crypto scams. The platform has already investigated 560 blockchain projects and received over 5,000 user reports in just 98 days. Trust Army aims to improve the trustworthiness of the Web3 sector by providing reliable information on different blockchain projects, including tokenomics, trustworthy backers, and transparent allocations. Users can also earn rewards for contributing to the platform's transparency. The Hacken.AI team emphasizes the importance of analyzing and monitoring Web3 projects due to the significant percentage of dubious projects in the sector. It is crucial for individuals to be objective, rational, and informed in order to spot crypto fraud and avoid falling victim to it.
Hexit Launches Web3 Accelerator Program for Blockchain Startups
Hexit Capital, a group of decentralized technology enthusiasts and professionals, has launched a new Web3 accelerator program aimed at helping startups in their initial stages to utilize blockchain technology, promote expansion, and encourage cooperation among a large community of Web3 professionals. The accelerator will provide resources, mentorship, and support to benefit portfolio companies. The program is seen as a valuable resource by those with ambitious projects seeking to incorporate cutting-edge technologies like blockchain and DeFi into their operations. Hexit Capital's extensive knowledge of the crypto/DeFi market enables it to support projects in diverse industries and niches, including fintech, entertainment, and education.
Preparing for a Web3 Job Interview: What to Expect and How to Succeed
In a blockchain job interview, candidates should be ready to answer questions about their understanding of the Web3 ecosystem, experience with blockchain technologies, contributions to DApps and smart contracts, problem-solving skills, and ability to address security and scalability challenges. The interviewer may ask about practical applications of the technology and how candidates have addressed security and scalability challenges in Web3 projects. Soft skills such as problem-solving and teamwork are also valued in the Web3 industry, and expressing enthusiasm for the technology can make a candidate stand out.
Japan’s Renewed Interest in Web3 Showcased at NexTech Week Trade Show
Japan has recently shown interest in Web3, which is built around decentralized blockchain technologies, the metaverse, and NFTs. However, regulatory changes and tax updates are necessary for this momentum to lead to genuine progress. The NexTech Week trade show in Tokyo highlighted the opportunities and challenges in Web3 game development, with advice offered to overseas companies looking to expand in Japan. Japan's blockchain and Web3 space is relatively small, but events like Next Tech Week provide a great opportunity to meet the community and explore business opportunities. The Japanese government is continuously releasing press releases and white papers about the evolving environment, providing potential business opportunities. With Japan's large market, high GDP per capita, and well-recognized brands, there is huge potential for Japan to become a leading country in the Web3 space if it can bring these brands into a global environment via blockchain.
Swapin CEO Discusses Challenges and Opportunities of Integrating Web3 and Web2 Financial Systems
In an Op-Ed piece, Swapin CEO Evald-Hannes Kree discusses the challenges and opportunities of integrating Web3 and Web2 financial systems. While Web3 finance offers revolutionary features, such as decentralization and enhanced security, it is still necessary to interact with the Web2 world for everyday essentials and taxes. By integrating traditional banking and payment infrastructure with Web3 wallets, a seamless and user-friendly financial experience can be created that empowers individuals and businesses alike. However, there are challenges in integrating Web3 finance with Web2 systems, including technological and infrastructure barriers and complex regulatory environments. Companies must proactively engage with regulatory authorities and adapt to the changing environment to successfully navigate these challenges and contribute to the growth and stability of the Web3 financial ecosystem. Swapin's Estonian VASP license and selection by Mastercard for their Spring 2023 Lighthouse FINITIV Class demonstrate the company's commitment to compliance and potential to drive innovation in the crypto-to-fiat industry.
Mainstream Financial Institutions Roll Out New Crypto Products and Services To Foster User Adoption and Capital Inflow
As the cryptocurrency market experiences a downturn, attracting more users and investment could help it weather the storm. However, the complexity of understanding gas fees and wallets can be a barrier for newcomers. To encourage user adoption and capital inflow, web3 needs smoother on- and off-ramps to make it easier to buy into and interact with blockchains. Mainstream financial institutions such as Mastercard, PayPal, and Robinhood are rolling out new crypto products and services to make the space more accessible, which could be the catalyst that pushes crypto from a niche to something more.
OKX Wallet Launches Cryptopedia and Partners With Radiant and Marinade in Effort To Boost Web3 Adoption
OKX Wallet has recently launched Cryptopedia, a Web3 learn-to-earn and airdrop platform, aimed at helping users easily access Web3 projects and dApps. The platform also offers additional rewards and airdrops. The first issue of Cryptopedia, focused on the zkSync theme, provides users with the opportunity to receive zkSync airdrops and other related airdrops, as well as collect non-fungible tokens jointly created by OKX Wallet and zkSync. Additionally, OKX Wallet has announced its partnership with Radiant and Marinade protocols, which will allow users to access their lending and liquidity staking services via the OKX Wallet plug-in and Discover platform. However, there has been no significant price movement in the OKB market since the announcement was made.
