Daily Web3 Headlines You Need To Know
05 September #NFT #Developers #Metaverse #GameFi #DeFi & Trading #Policy & Law
🖼 NFT
Forget About DeFi Summer: NFT Autumn is Arriving
All the NFT drops have used the same old recycled concepts. DeFi still hasn’t recovered from the Luna PTSD. And to top it all off, the Tornado Cash sanctions have us wondering if the risks of building in DeFi are higher than we anticipated. That simple but provocative idea is part of why Sudoswap, which just announced a governance token (SUDO), is quickly becoming the “it” place for NFTs these days…(Read More)
LG Picks Lesser-Known Hedera Blockchain for Television NFTs
Korea-based LG is releasing a non-fungible token (NFT) marketplace called LG Art Lab that plugs into the Hedera Network, which LG supports. Television owners with sets updated to LG’s most recent software will be able to buy, sell and showcase their Hedera NFTs from their screens…(Read More)
‘Blocker Bug’ Delays Highly Anticipated Y00ts NFT Mint
Non-fungible token (NFT) project Y00ts has delayed its highly anticipated mint by an additional day, according to a Sunday Twitter thread from the project’s founding team. The team cited a “blocker bug” as the reason for the delay. Blocker bugs are broadly defined as issues that arise during the testing phase of a project’s development…(Read More)
🔗 Developers
Polkadot: What Web3 Platforms can Learn From the Multichain Network
Web3 and blockchain projects are taking a hard look in the mirror as the crypto winter passes through every corner of the industry, says James Wo, Founder and CEO of Digital Finance Group. Despite this, Web3 has a stark advantage over other crypto sectors: It’s working toward a concrete goal, which is the complete update of the modern internet as we know it…(Read More)
Sunflower Land CEO Releases Developer’s Diary to Help Web3 Builders
Adam Hannigan, CEO of the Polygon PlayAndOwn blockchain game, Sunflower Land, shares his journey in creating an open-source Web3 game. The first four installments of the six-part series telling the history of Sunflower Land were released via Twitter on Aug 3. Hannigan shared his crypto journey in the hopes of helping aspiring Web3 builders on theirs. The first part focused on…(Read More)
🌖 Metaverse
Report: Chinese Metaverse Industry Raises $780 Million in Funding
The Chinese metaverse industry has reportedly raised about $780 million in funding and there are expectations this will grow to be a $5.8 trillion industry by 2030. So far there are 160,000 virtual human enterprises in China while 20 provinces or cities in the country are reportedly supporting the metaverse…(Read More)
Metaverse in spotlight at CIFTIS
At the China International Fair for Trade in Services that kicked off last week, cutting-edge technologies and applications in metaverse, such as immersive experience facilities and interactive games, have caught visitors’ attention. According to China News Service, the current production value of the metaverse sector in China has exceeded 40 billion yuan ($5.77 billion)…(Read More)
Google’s immersive Street View could be glimpse of metaverse
Fifteen years after its launch, a Google Maps feature that lets people explore faraway places as though standing right there is providing a glimpse of the metaverse being heralded as the future of the Internet…(Read More)
👾 Game-Fi
Gameta Becomes the Most Popular GameFi Project on BNB Chain
Gameta, an ultracasual GameFi project, rocketed to the second position among BNB Chain Decentralized Applications (dApps) in terms of number of users and the top position among GameFi projects within a week of its launch on BNB Chain, according to Dappradar…(Read More)
Polemos DAO Releases Video to Announce its GameFi Platform: The Forge
The acclaimed GameFi platform, Polemos, with a $100 million valuation, recently released its introduction video to the Polemos Forge, a new protocol for blockchain gaming enthusiasts worldwide. The Polemos Forge will be the central digital platform where web3 gamers learn about blockchain game strategies in Polemos University, apply for Scholarships, earn yield from staked or rented out NFTs in the Armory…(Read More)
📈 DeFi & Trading
Bitcoin Supply on Exchanges Hits the Lowest Level since November 2018
The price of Bitcoin failed to make any substantial move last week as the most dominant digital asset stayed below $20,000 over the weekend. However, the supply of Bitcoin at leading crypto exchanges has dropped sharply in the past few years…(Read More)
Unique Shiba Inu Addresses Cross 1.21 Million
Shiba Inu, one of the most valuable digital currencies in the world, now has more than 1.214 million unique addresses on its network. According to Coinmarketcap, the figure jumped by more than 14,000 within the last four weeks…(Read More)
⚖️ Policy & Law
South Korea expands its efforts to regulate Metaverse
South Korea continues its immersion in Web3 and the Metaverse. After investing almost $200 million in the creation of its own metaverse ecosystem and publishing the “Metaverse Ethical Principles,” the country’s government is now preparing the Metaverse Industry Promotion Ac. As reported by local media on Sept. 1, Heo Eun-ah, a member of the National Assembly with an entrepreneurial past…(Read More)
Thailand’s SEC Mandates Risk Disclosure for Crypto Ads
Thailand’s Securities and Exchange Commission (SEC) has brought strict rules around the promotions and advertising of cryptocurrency companies, primarily to minimize investment risks. As reported by Reuters, the new advertising rules mandated the showcasing of investment risks…(Read More)
Nigeria, Binance in early-stage talks for crypto-friendly economic zone
The Nigerian government has held a preliminary meeting with crypto exchange Binance to potentially establish a special economic zone aimed at supporting crypto and blockchain-related businesses. According to a Sept. 2 post from the Nigeria Export Processing Zones Authority (NEPZA), the authority has held preliminary talks with Binance and technology infrastructure company Talent City…(Read More)
🔥 Events
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