NFT Marketplace That Raised Over $5M is Shutting Down
Last March, when the NFT market was booming, Solana NFT marketplace Formfunction revealed that it had raised more than $5 million in a funding round in which OpenSea and other Continue Reading →
Category: Web-3
Meta Lays Off 10,000 Workers After Abandoning NFT plans
Facebook’s parent company Meta announced today a round of layoffs, hours after disclosing that it would wind down support for non-fungible tokens (NFTs). In a blog post, the tech giant Continue Reading →
Understanding Web 3.0: The Next-Generation Internet
Web 3.0, also dubbed the Semantic Web, represents the future phase of the internet. It is distinguished by its more intelligent algorithms, increased interconnectedness of data, and more user-friendly experience. Continue Reading →
Differences Between DeFi And Web3 Explained In Detail
DeFi (short for “decentralized finance”) is a new financial system that uses blockchain technology to create a more secure and transparent system. It allows people to borrow money from others Continue Reading →
What Is Bitcoin Loophole?
In the past few years, blockchain technology initiated a peer-to-peer electronic cash system that became the guide for the remaining digital assets in the crypto space. The masses are largely Continue Reading →
Hong Kong Plans To Issue A Central Bank Digital Currency In the Form Of A Stablecoin
Authorities in Hong Kong are moving toward exclusive structures for a central bank digital currency (CBDC). At present, they want to launch a CBDC that would be a government-backed stablecoin. Continue Reading →
