Web3 Watch

Speaking at the ANA Senior Marketer’s Summit 2006 , British mathematician and Tesco marketing mastermind, Clive Humby, called data the new oil. It’s been over 15 years since ANA's summit and Clive Humby’s statement is more accurate than ever. Data today is used for providing personalized solutions, understanding customers’ demands, and fueling growth. The Web3 project, XY Labs , is working to furt...

Cloud computing is dominated by big tech giants such as Amazon, Google, Microsoft, and IBM and is considered to be an investment-intensive sector. However, a Web3 project is disrupting the industry with the next generation of scalable decentralized cloud infrastructure. Flux offers a scalable decentralized cloud infrastructure that allows you to develop, manage, and spawn your applications on mult...

Opponents of traditional blockchains like Bitcoin and Ethereum complain that the former is slow while the latter’s gas fees are overbearing. In recent years, many alternative blockchains have emerged that claim to be faster, cheaper, and more secure for dApp development. One such blockchain firm is Fantom Foundation. Fantom is a smart contract-supporting blockchain platform powered by its native F...

Decentralized Autonomous Organizations (DAOs) are one of the most revolutionary concepts to be successfully implemented using blockchain technology. Smart contracts are used to operate DAOs. Their financial transactions and rules are stored on a blockchain, eliminating the need for a centralized governing authority—hence the terms "decentralized" and "autonomous." In other words, they are member-o...

Bitcoin has come a long way since its debut in 2009. Bitcoin was created with the goal of democratizing the global monetary system and delivering a more efficient means to send electronic cash across the Internet. However, Bitcoin proponents have long engaged in debates about whether the Bitcoin blockchain should remain capped with a small block size (BTC) or whether instead, the Bitcoin network s...

NFTs are considered one of the biggest innovations in the world of art. They gained mainstream recognition when Beeple's "Everydays: The First 5000 Days" digital artwork was auctioned for $69 million in collaboration with Christie’s. The NFT market surpassed $40 billion in 2021 according to blockchain analytics firm Chainalysis. Yet, according to experts, we've only scratched the surface of the po...

Blockchains like Bitcoin and Ethereum use a proof-of-work mechanism, which requires massive amounts of energy and results in slow transactions as well as unstable and, at times, insanely high gas fees. Hedera claims to facilitate transactions that are faster, cheaper, and better secured than regular blockchain transactions through its proof-of-stake network. A public distributed ledger powered by...

Freely available, open-source software makes projects more stable and secure, as it leverages the power of the global developer community. Yet, the Internet is still dominated by centralized platforms. They take advantage of open-source code when building their products—only to lock the users into their proprietary ecosystems. Fluence is a peer-to-peer compute protocol that frees computation from...

Due to the pseudonymous nature of cryptocurrencies, crypto is one of the preferred payment methods used by criminals. That’s why regulators all around the world are implementing measures to ensure that cryptocurrencies cannot be exploited by criminals—from the Financial Action Task Force (FATF) Travel Rule to local legislations. One such measure is requiring virtual asset service providers (VASPs)...

The Decentralized Insurance Protocol (DIP) is a digital technology to decompose the traditional insurance value chain. Without relying on a central intermediary or a traditional insurance firm’s balance sheet, insurance risks can be priced, transferred, and managed by a group of independent service providers using a DIP. Decentralized insurance focuses heavily on automation in sales and underwriti...

Interest in crypto is growing rapidly around the world. As more and more consumers start using cryptocurrencies and tokens, they expect fast, seamless, and safe blockchain transactions. But safety is a big problem in the crypto space—fraud and crime seem omnipresent, as funds get stolen, platforms get hacked, and headlines regularly report the latest crypto scams. TRM works to build a safer financ...

Blockchains are public and immutable. This means that any transaction or wallet on a blockchain can be tracked and their activities can be analyzed. From companies like Nansen to law enforcement and crime prevention firms like Chainalysis, many draw on this transparent nature of blockchains to collect on-chain data for different purposes. Nansen combines on-chain data with its internal database co...

The dual-token economy, aka the dual-token model or system, is a term used to describe crypto projects that offer two different types of tokens to their communities. By using this model, projects can utilize stronger incentive structures, produce new features and upgrades, and provide new functionalities to users. Centric, a dual-token digital currency and blockchain project, rewards adoption thro...

The Ethereum ecosystem has been growing at a rapid scale since its foundation in 2015. Created by one of Ethereum’s co-founders, Joseph Lubin, Consensys has been at the forefront of developing the tools required to build and scale on the Ethereum blockchain. Consensys enables developers, enterprises, and people worldwide to build next-generation applications, launch modern financial infrastructure...

Over the last couple of years, the web3 ecosystem has witnessed tremendous growth. And, companies like Uphold have been at the forefront of this revolution. Uphold's unique ‘Anything-to-Anything’ trading experience enables retail investors and businesses to trade directly between cryptocurrencies, equities, and metals. Join Uphold’s Head of Blockchain and Crypto Research, Dr. Martin Hiesboeck, in...

Data is the new oil. And in Web2, the control of personal data is in the hands of service providers. Despite various attempts by legislators to enforce strict regulations—through GDPR or California’s CCPA—the management of personal data is still an issue to be solved. Skynet Labs is building the infrastructure that allows users to own their personal data, to have a persistent identity across apps,...

Web2 is the Internet era defined by products and services from large centralized companies aka FAANG (Facebook, Amazon, Apple, Netflix, Google). Those platforms invest significantly in sales and marketing teams as part of their GTM (go-to-market) strategy to generate leads and acquire & retain customers. One of the big problems with Web2 is that the vast majority of accrued value goes to the p...

Since the Internet’s beginning in the 1980s, it has witnessed tremendous development. From the early days of Web1’s static text and images to the rise of the centralized platforms dominating our current Web2 space, the Internet has remained impressively innovative. In the last few years, our world has begun embracing Web3, a new mode of the Internet that emphasizes decentralized transactions, dist...