Web3 (307)

Avalanche ( AVAX ), an open-source protocol that supports the launch decentralized applications (DApps), enjoyed significant growth in 2023, resulting in the project's token, AVAX, jumping by 470% . This growth was driven by the expansion of its network and strategic partnerships with big players like Amazon and JPMorgan. These collaborations aimed to integrate blockchain solutions into traditional finance.

To most experts, Singapore's emergence as a leading player in the global crypto space isn't a surprise. The country has long been one of the world's top TradFi (traditional finance) centers , and Asia's top FinTech hub . In recent years, sizable wealth has flowed .

Blockchain technology has revolutionized how we store, transfer and verify data. One of the key components of blockchain is hashing, which is a mathematical function used to secure the integrity of da

BitTorrent is a decentralized application built to enable peer-to-peer file-sharing between people whose computers function as nodes on the network. BitTorrent was created by Bram Cohen in 2001, and i

Balancer is a decentralized and permissionless exchange powered by an automated market maker. The goal of this project is to provide a crypto asset exchange service that is devoid of centralized infra

Crypto staking is one of several ways investors can earn passive income from cryptocurrencies. Investors can lock up their assets for a certain period and earn rewards on centralized exchanges (CEXs)

Ever since 2013 and the appearance of Dogecoin, similar projects have been trying to get some of DOGE’s popularity. While very few have succeeded, one definitely stands out from the rest. Shiba Inu (S

A self-paying loan may sound alien in the traditional banking industry, but anything is possible in the crypto space. Alchemix is one of the fast-paced decentralized finance (DeFi), applications deplo

Crypto lending platforms have acquired a bad reputation, but only in the space of centralized finance. In contrast, decentralized lending protocols like Aave are doing just fine. Learn why that is the

With the Telegram ecosystem exploding in popularity, we’re seeing a resurgence of the GameFi narrative in the form of Telegram mini-apps . Thanks to a combination of addictive gameplay and high accessibility, these top mini-apps have managed to steal the limelight and gain millions of users overnight. One example of such a Telegram mini-app is Catizen. With close to 30 million users and a personal shout-out from Telegram CEO Pavel Durov himself, Catizen certainly shows promise in attempting to become the largest cat-lover community in the world.

In the rapidly evolving landscape of blockchain technology, data accessibility and long-term data availability have become paramount for unlocking the full potential of this transformative tool. Covalent Network has emerged as a leading data infrastructure layer by addressing these challenges. Following its strategic partnership and , Covalent has solidified its position as a leading data availability and indexing solution in the crypto space. By aggregating, processing, and standardizing data from multiple blockchains, Covalent empowers developers and businesses to build innovative applications and make data-driven decisions.

The BlockDAG distributed ledger has been turning heads with its novel approach to data processing and transaction management. Unlike many of today's leading chains, BlockDAG uses a directed acyclic graph (DAG) structure, which allows multiple blocks to be added simultaneously. This change helps to solve problems like network congestion and transaction speed, while also providing a more scalable and efficient solution for decentralized networks.

Dash is a decentralized, peer-to-peer (P2P) payment protocol and cryptocurrency, whose transactions are recorded on the blockchain. Users can instantly send and receive secure digital payments with mi

Are you tired of boring digital collectibles? If so, now's your chance to add some pizzazz to your collection with BTC digital artifacts. The world of NFTs became much more interesting with the introduction of ordinal theory — a newly emergent protocol that's creating plenty of buzz in 2023. The concept allows each satoshi, the smallest unit of Bitcoin, to be ranked, ordered, inscribed, and individually transferred. But that's not all. Individual satoshis can also be inscribed with unique, immutable data stored entirely on the blockchain.

Have you hopped on the SocialFi train yet? New Bitcoin City and Friend.tech are two major SocialFi projects that each have a particular focus. New Bitcoin City, with its foundations in the Bitcoin blockchain, is a framework for game players and NFT collectors looking to use beyond just trading on exchanges. Meanwhile, Friend.tech, based on the Ethereum blockchain, is a decentralized social network that allows users to tokenize and monetize their interactions, creating an economic market for social interaction.

When it comes to Web3, self-custody refers to absolute ownership of your digital assets, without relying on a third-party intermediary. It means that only you hold the keys to your cryptocurrency wallet. Losing your recovery phrase and private keys results in losing access to your wallet, along with all stored assets. Additionally, if your private keys end up in the wrong hands, your funds can be stolen. The standard practice has been to write down your phrases and keys physically and store this paper securely to prevent digital hacks.

Over the past couple of months,  BRC-20 tokens  and  ordinals  have gained plenty of attention in the Bitcoin community. Some have suggested the developments could raise gas fees and take up unnecessary space on the blockchain. In contrast, others have hailed both as being among the most incredible innovations since Satoshi published Bitcoin's whitepaper in 2008.

When Bitcoin was introduced in 2009, it revolutionized decentralized transactions by enabling peer-to-peer exchanges without intermediaries. However, with the rise of non-fungible tokens (NFTs), Ethereum’s dominance of the market dominance left Bitcoin enthusiasts seeking ways to incorporate NFTs on Bitcoin. In response, Casey Rodarmor introduced ordinals, allowing NFT creation directly on the Bitcoin network. This innovation expanded the possibilities of the network, but did face some limitations.

Cryptocurrency and its associated technologies are on the rise in Latin America (LATAM), driven by a variety of nation-specific social and economic factors. The region is rife with opportunities for the technology, fueled by inflationary pressure, the devaluation of local currencies, and a strong entrepreneurial mindset among many. Most significantly, we see undeniable real-world examples of how cryptocurrencies can bring about financial inclusion and rewrite the traditional financial system. Industry players have taken note of the same.

Crypto is on the march in Europe, with Central, Northern, and Western Europe (CNWE) representing the second-largest market in 2023 behind North America, according to Chainalysis . Meanwhile, Eastern Europe captured 8.9% of the total global crypto value received in the year to June 2023, with Ukraine sitting highest (fifth) among all European nations in Chainalysis' 2023 Global Crypto Adoption Index.

A recent report revealed that crypto scams are up by 45% since 2022. With the sophistication of artificial intelligence and the resulting rise in deep fakes, the crypto community has to remain more vigilant than ever.

Could Australia be the next location for a spike in crypto interest, adoption, and invention? Many in the space are bullish on just that, and for good reason. At 23%, the nation has the highest rate of crypto adoption among all developed countries and the eight highest globally, according to a Swyftx survey. Meanwhile, 25% of the 2,199 adults surveyed in July 2023 intended to purchase digital assets over the following 12 months. And, according to the same survey, 54% of Australian millennials own or have owned crypto in the past.

Dubai isn't a city lacking in ambition. One of the seven emirates that comprise the United Arab Emirates (UAE), Dubai has been instrumental in the hyper-growth experienced by the UAE since its formation in 1971. Many would agree then that Dubai's high enthusiasm for crypto and Web3 technologies was inevitable.

Crypto is busy causing positive disruption in the Middle East, North Africa, and Türkiye (MENAT). The region led the way for digital asset adoption between July 2021 and June 2022, according to data from Chainalysis . The blockchain data platform's 2022 Geography of Cryptocurrency Report showed that users in the region received more than $566 billion in cryptocurrency value across the period — a 48% jump compared to the previous year. Although this figure dropped to an estimated $389.8 billion in on-chain value between July 2022 and June 2023, optimism remains high for crypto's continued emergence across the region.