Web3

Nearly $2.7 billion USD worth of crypto has been lost in 2022 to hacks of smart contracts or protocol infrastructure – a 63% increase from last year. With flash loan attacks remaining detrimental to blockchain sustainability, Q2 2022 experienced over $870 million USD in losses. The attacks...

Abu Dhabi-based Venom Ventures Fund announced a $5 million strategic investment in Layer 1 blockchain Everscale. This investment will be made in stages and will be based on the progress and cooperation between the two companies, The Block reported. The investment will also be one of the first...

The World Economic Forum, which is often referred to as WEF, is a Swiss-based international organization focused on engaging leaders in finance and government, among other areas, on tough issues to shape policy and improve the state of the world. The 2023 annual meeting of the WEF in Davos,...

Layer 1 blockchain Injective launched a $150 million ecosystem fund to “accelerate developer adoption” for optimized financial applications. What Happened: Injective’s new fund is supported by notable Web3 and traditional finance organizations which the company said...

Investor and entrepreneur Alexis Ohanian is one of the many supporters of the growth of Web3 and non-fungible tokens. In an interview, Ohanian shared details about several of his favorite projects and the difference that Web3 could be solving. What Happened: Ohanian has backed NFT projects...

If you live in the United Kingdom and are hoping to work in Web3 in 2023, there is a new opportunity possible for you. What Happened: The U.K.’s National Crime Agency (NCA) is advertising to hire a cyptocurrency investigator, offering a salary between £40,209 to £43,705...

The cryptocurrency industry was in turmoil throughout 2022, but that will lead to more stable companies in 2023, accoridng to Circle (CRYPTO: USDC) chief strategy officer Dante Disparte. Disparte, who is also Circle's head of global policy, says the $2 trillion in losses suffered by the...

2022 has come to a close and with it another exciting chapter for the growth of Web3 and non-fungible tokens. While 2022 may not have been on the same level as sales volume in 2021, the year saw many of the top collections from the previous year post strong secondary sales. Several new...

Web3 messenger BChat, which was built on the Beldex network, announced on Thursday the integration of the Beldex wallet into its messaging platform. This allows users to send and receive Beldex (CRYPTO: BDX), the native cryptocurrency of the Beldex network, while...

The Argentine Football Association (AFA) is now entering the metaverse. The AFA oversees the national soccer league. In a bid to provide its customers the opportunity to enter the metaverse to enjoy the benefits of a closer relationship with teams and well-known players, the AFA has...

The Coreum Development Foundation on Monday announced the addition of Smart Token functionality to Coreum, a third-generation, layer-1 blockchain. By wrapping natively issued tokens around smart contracts, smart token technology is able to manipulate the value of the token since it holds the data...

In August 2021, an independent artist made nearly $200K in 60 seconds. This rapper goes by the name of Spottie WiFi and his new-age style has already been cosigned by the likes of Snoop Dogg.  What Happened: Spottie WiFi announced his new album, “The King...

The transformation from Web2 to Web3 is bringing big brands into the emerging sector. The power of brands and communities was among the topics covered at Benzinga’s inaugural Future of Crypto event in New York City. Here’s what industry experts have to say on the topics. Community...

MetaMask, a Web3 cryptocurrency wallet service, and PayPal Holdings Inc. (NASDAQ: PYPL) are collaborating to give consumers more choices for transferring digital assets from respective platforms, the companies said on Wednesday. What Happened: Through the collaboration, users will be able to choose...

While some people are calling the last four weeks the darkest period in the world of cryptocurrency, declaring major cryptocurrencies like Bitcoin (CRYPTO: BTC) as dead is nothing new. Kicking off the 2022 Benzinga Global Fintech Deal Day, NFT.com and Immutable Holdings (CRYPTO: IMX) CEO Jordan...