Solana Launches First Web3 Android Smartphone, Saga

Solana Mobile, a subsidiary of Solana Labs, announced the launch of its Android smartphone, Saga on Thursday. The flagship phone, which debuted at a New York event, has unique functionalities based on the Solana blockchain. It allows users to carry out transactions in web3, including managing their tokens and NFTs.  Saga sets a new standard for the web3 experience on mobile,” Anatoly Yakovenko, Solana’s co-founder, said at the event. Yakovenko pointed out that Saga was created to meet the steady…

Using Figment.io to Stake Cryptos – A Practical Web3 Guide

Crypto staking is the most straightforward approach to passively building your crypto holdings. It entails dedicating your digital assets to sustain a network and authenticate transactions.  Instead of obligating blockchain nodes to use expensive computational machines, the Proof-of-Stake (PoS) protocols propose an eco-friendly approach. PoS demands you to stake (delegate) your digital assets and compensate you for doing so. Figment.io (or, simply, “Figment”) is one of the platforms that created strong market traction in the staking field. What does Figment…

Hansen Launches Web3 Messaging App to Rival Discord

Web3 analytics firm Nansen released a targeted rival app to Discord on Wednesday. The new product, Nansen Connect, a messaging app, was created to serve web3 communities' communication needs. It will be accessible to wallet holders and will use Nansen's existing information database to enhance user experience for a predominantly crypto audience.  The blockchain analytics company Nansen Limited made the announcement in a blog post earlier today. It stated that Connect would leverage wallet-labels, a Nansen initiative for identifying blockchain…

Ethereum Name Service (ENS) – A Simple Guide

People can choose domain names that are easy to remember for their wallet addresses, thanks to the Ethereum Name Service (ENS). The secret to this technology is using a computer to understand this domain. When it comes to Web3 communication, ENS has the potential to make all the difference. In this guide, we'll go through some possible reasons for this. Ethereum Name Service (ENS) – A Definition To find out what a specific Ethereum address is, people can use the…

Binance Labs Secures 500M to Fund Web3 Development

Binance Labs, the venture capital arm of leading crypto exchange Binance, has closed a $500 million investment fund. Binance announced this news today, noting that the investment fund attracted renowned investors like DST Global Partners and Breyer Capital. Several unnamed equity funds, family offices, and corporations also participated in the fund as limited partners. According to the announcement, the $500 million will go toward funding the expansion of the applications of cryptocurrencies. Additionally, Binance Labs aims to use the money…

GameStop Unveils New Wallet in Plans for NFT Marketplace

Longtime electronic game giant, GameStop, has announced the release of its beta NFT wallet. The unveiled wallet is the first step to GameStop's goal of a native Ethereum-based NFT marketplace. GameStop Wades in Web3 Waters On Monday, 23rd May, GameStop took to its official Twitter account to publicize the development. The new wallet, downloadable on GameStop’s website, would allow users to send and receive digital assets without leaving their web browsers.  https://twitter.com/GameStop/status/1528693604364976129?s=20&t=xkghM9-X6-nnLMg4U5cgQQ According to the announcement, GameStop’s wallet boasts Ethereum…

Reports Suggest NFTs Might Be On a Decline

According to recent indicators, the NFT space might be in steady decline, unlike earlier predictions of skyrocketing growth.  Trading volumes on NFT marketplaces are sharply decreasing. This is in contrast to the previous year, which sometimes set almost impossible records. 2021 saw the auction of Beeple's Everyday: The First 5000 Days project (valued at $69M) to the impressive sales of Bored Apes #3739 and #8585. While there are concerns that the NFT industry might be waning in influence, most market…

Binance Recruits Former Microsoft Exec to Expand Web3 Offerings

Major exchange Binance has announced the recruitment of two tech veterans, Rohit Wad and Mayur Kamat. According to Binance’s release, the exchange expects the new additions to help expand its ongoing Web3 developments. On April 1, Rohit Wad, a former corporate VP at Microsoft, assumed the position of Binance's new Chief Technology Officer. Mayur Kamat, previously the VP of product at Agoda, is now the head of product at the cryptocurrency exchange. Binance seems intent on leading the Web3-based future,…

Influencers in Canada Launch Web3 Council Amidst Poor Regulation

Some of Canada’s biggest crypto advocates have founded a non-profit organization to help with crypto regulation in the country. The formation of a crypto-positive non-profit comes on the back of the government's seizure of some crypto assets donated to the protests. Web3 Council to Work with the Government Canada’s newest crypto non-profit is dubbed the Canadian Web3 Council. The term Web3 describes the next phase of the evolution of the internet. This coming stage is integrated with blockchain technology and…

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