As part of a company-wide restructuring, non-fungible token (NFT) marketplace Magic Eden announced on Monday that it will be letting go of 22 of its employees. Jack Lu, the CEO, and co-founder of Magic Eden, wrote on Twitter that the firm needed to make staff adjustments to meet new objectives
A set of blockchain commerce tools launched by crypto-friendly e-commerce giant Shopify . This aim to enhance the user experience of their Web3-focused stores hosted by the platform. Improved crypto wallet connect abilities and tokengating application programming interface (API) tools have received special attention. Previously only available to a restricted
Venom Foundation, the first Layer-1 blockchain licensed by the Abu Dhabi Global Market (ADGM), has announced a cooperation with DAO Maker, a prominent blockchain growth solutions provider recognized for their Launchpad, to incubate innovative Web3 firms with an emphasis on providing real-world use cases. DAO Maker will actively contribute to
Web3 Accelerator is dedicated to helping startups in a growing field. By offering co-working space, business assistance, financing options, and community, the program aids entrepreneurs in creating, tokenizing, and releasing new products. Fujitsu, a Japanese multinational technology firm, has announced the release of a new platform to aid Web3 developers
The freemium model file-sharing platform WeTransfer is taking a step towards Web3. By forming cooperation with Minima to enable the creation and transmission of NFTs from mobile devices. WeTransfer’s Chief Creative Officer Damian Bradfield said that the company decided to cooperate with Minima because their goals and those of their
The Fuse Network has just unveiled Fuse 2.0 which is aimed at overcoming a key barrier to widespread acceptance that cryptocurrencies must overcome. Providing a technological stack that is mobile-friendly to securely allow for new SaaS business models in Web3. Currently used digital payment rails process billions of transactions per
One of Japan’s major companies, Toyota Motor Corporation, is sponsoring its first-ever global Web3 hackathon. To create Web3 use cases for Toyota’s workforce, it has selected Astar Network, the smart contract platform for multichain. This online hackathon is the first stage in a process that Toyota is hoping Web3 would
The gaming industry has recently experienced a significant shift towards Web3 gaming. With the surge of blockchain technology, Web3 gaming offers players a new level of control, security, and reliability for their digital assets. Bluzelle’s recent upgrade to Stargate, the latest version of Cosmos, is a significant milestone in the
The first yearly ETHTLV, which takes place from February 1 to 9 in Tel Aviv, is being organized by Israel’s most prominent web3 companies. In addition to establishing the community’s presence in the international web3 scene and discussing the actions web3 must take to enroll the next billion users, the
Web3 and blockchain innovation fund Venom Ventures Fund, run by Abu Dhabi-based investment fund manager Iceberg Capital Limited, has established a strategic agreement with Everscale, a leading blockchain that seeks to address the Web3 industry’s scalability problems. Everscale will get a $5 million investment from Venom Ventures Fund to assist
