The total investment in Web3 firms increased by 55% in the first quarter of 2024, signalling the return of venture capital (VC) interest to crypto, reports Cointelegraph. In addition to an increase of over 55% in total investment, the number of Web3 VC investment deals rose 36% in the first quarter of 2024 compared to […]
The concept of Web3 proposes to provide the next evolutionary step of the internet, prioritising user sovereignty, utilising blockchain technology, enabling trustless transactions, and establishing decentralisation, reports Forbes. Meanwhile, Real-World Assets (RWAs) are increasingly presented as critical aspects to the future of traditional finance (TradFi), encompassing both tangible and intangible asset utilisation. When considering the impact […]
The Dfinity Foundation, a not-for-profit organization based in Switzerland and major contributor to the Internet Computer blockchain, has announced the launch of the Olympus Acceleration Platform, reports Cointelegraph. According to a press release, Olympus represents the first decentralised, on-chain Web3 accelerator. Dfinity said it’s “a first of its kind platform” that will be used by […]
The Businesses of Web3
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Web3 is an exciting set of new technologies that promises to change the way that people use the web. Blockchain Ireland and ETH Dublin will present a picture of the Web3 landscape, describing some of the key differntiators of this new approach, as well as some of successful new business models that have been built […]
Sonia Shaw, executive, CoinW, has said the recent uptick in NFT sales shows a “broader and more profound interest” extending beyond art, reports Cointelegraph. In the weeks leading up to November, nonfungible token (NFT) data showed a consistent upward leap in weekly sales. While the volume is still far from its peak in 2021, executives […]
Preparing business for a Web3 world
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A new generation of the internet based on blockchains, decentralised networks, and digital assets promises to put the user in control of their data and their interactions, breaking the monopolies of the current big players. Web3 has the potential to make online spaces more trustworthy, empowering users to be part of the new opportunities. The Web3 […]
Preparing for a Web3 world
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The next iteration of internet technologies is emerging where there is communal control by users on decentralised infrastructure, providing, said one expert, “privacy for the individual, transparency for the system.” Collectively called Web3, these decentralised platforms and applications are being built on blockchains, employing elements of decentralised finance, leveraging tokens and digital currencies. To prepare […]
What is tokenization?
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Tokenization is the process of issuing a digital representation of an asset on a blockchain, writes analyst McKinsey in a deep dive on this facility that is growing in importance and incidence. We’re progressing toward the next era of the internet in fits and starts. Web3 is said to offer the potential of a new, […]
Getting phygital with fashion
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The world of high fashion can often be seen as remote, arch, and somewhat inaccessible to the ordinary consumer. However, there is little doubt that the top level of the fashion industry is driven by creativity, diverse thinkers, and unique individuals. These individuals leading the industry have also been known for adopting new technologies and […]
Europe is a world leader in crypto regulation. The European Union has already adopted the Markets In Crypto-Assets (MiCA) regulation, which will govern crypto in the EU’s 27 countries starting late 2024. The UK is also courting the crypto industry. For example, The Financial Services and Markets Bill is working its way through Parliament, and […]
Next week’s event for Blockchain Ireland Technical Group is a FREE online Webinar about Account Abstraction and why it will be critical to onboarding the next 1 Billion #Web3 users. Regardless of whether you are a techie or not, if you are a #Blockchain or #Web3 enthusiast, this event is for you! When: Tue, 3 Oct 2023 @ 6pm Where: Online Register here: https://lnkd.in/e3HAZgT7 The […]
Crypto exchange Kraken has received authorisation from the Central Bank of Ireland (CBI) as an E-Money Institution (EMI). Having achieved virtual asset service provider authorisation from the CBI in April, Kraken has now also been authorised as a VASP in Spain. Kraken said in its blog, “The EMI license, granted to our subsidiary in Ireland, […]