Tag: Web3

Actively pushing reforms and policies in the field of digital technologies, the UAE has conducted Metacon, the two-day event held at The Arena, Dubai World Trade Centre. The event aimed to help the building of a fast-growing Web3 community in the UAE, exhibiting the abundant opportunities of the metaverse on May 27-28. The UAE is…

As the metaverse disrupts the existing technological landscape, Rob Gryn, CEO of Dubai-based startup Everdome, told Gulf Business how Everdome and Metahero are on a journey to create something the world has not seen yet. Mark Zuckerberg once said, “Today, I think we look at the internet. But in the future, you are going to…

Major venture capital firm Andreessen Horowitz (a16z) has unveiled the largest-ever $4.5 billion crypto fund despite the ongoing downturn in the global financial markets. Focused on crypto and Web3, the new Crypto Fund IV is double the size of its previous fund, launched in 2021. The new fund is double the size of the last…

The world’s most popular NFT marketplace OpenSea has unveiled a new Web3 protocol that allows anyone to set up new and decentralized NFT marketplaces. As per some members of the community, the protocol could become the “Uniswap moment” of NFTs. In its blog post, OpenSea said that the first iteration of the new protocol, titled…

Trading firm Robinhood plans to roll out a new crypto wallet focused on decentralized finance (DeFi) by the end of 2022. The new custodial wallet will cater to “advanced” crypto users and live separately from the existing wallet, the firm’s Johann Kerbrat said. On May 17, Vlad Tenev, Robinhood CEO, announced the “Web3 crypto wallet”…

KuCoin, a global crypto exchange, announced a $150 million pre-Series B funding round, bringing its valuation to $10 billion. Led by Jump Crypto, the round saw the participation of multiple investment funds, including Circle Ventures, IDG Capital, and Matrix Partners. The exchange wants to use funds to further expand its Web3 ecosystem. According to Johnny…