NFT LA: Attract the mainstream, focus on Web3 and use cases
Panelists who spoke at NFT LA shared their thoughts on Web3, innovative use cases and the future of nonfungible tokens. Nonfungible tokens (NFTs) have generated mainstream interest over the last year. A yearly market report from NonFungible found that the total value of all NFT transactions worldwide surpassed more than $17 billion in 2021, up from $82.5 million in 2020. The report also pointed out that “NFT” was selected as Collins Dictionary’s word of the year for 2021. Given the increasing amount of interest NFTs create, a number of events dedicated entirely to nonfungible tokens are....
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Through a new collaboration with Astar Japan Labs, the city of Fukuoka aims to become the Web3 hub of the country, akin to Silicon Valley. In Japan, the city of Fukuoka is looking toward the future of Web3 in its latest partnership with Astar Japan Labs, the company behind Japan’s leading blockchain, the Astar network.Fukuoka is the country’s second-largest port city and has officially been designated as a National Special Strategic Zone. Now it also plans to become the country’s hub for all things Web3 and crypto.The Astar Japan Labs partnership will allow both entities to work together....
Binance Labs, the venture capital arm of the leading crypto exchange, has announced the launch of a new fund that will focus its action on Web3 and blockchain technologies. The fund, which will launch with $500 million in capital, will invest in companies that take cryptocurrencies and extend their use cases using Web3 and other technologies.
Binance Labs to Invest $500M in Web3 and Blockchain Startups
Binance Labs, the investment and VC organization of the cryptocurrency exchange, has announced a new round of investments seeking to diversify its investment portfolio. The capital....
The buzz around the blockchain industry isn’t going down anytime soon as more use cases keep popping up in various sectors. There is a myriad of factors contributing to the push we are currently observing. One of the most significant among them is the increase in industry readiness, both from a technical and ideological perspective. With blockchain and cryptocurrency re-emerging in such a major way, it is important to also note the institutions that are propelling this change. Hence, it is no surprise that NonceVC has revealed a new commitment to developing modern blockchain....
As the music industry continues to push into the Web3 space getting artists both mainstream and up-and-coming has its hurdles but also major rewards. Musicians and executives alike have seen the power of Web3 tools such as nonfungible tokens (NFTs) to transform audiences into active communities with fewer barriers between artists and fans. Recently, the crypto-savvy Snoop Dogg partnered with country music stars Billy Ray Cyrus and the Avila Brothers to create an NFT experience that crossed genres and created new communities in the process. While Snoop may be a veteran in the space, many....
“This will create an entirely new set of digital network effects that will attract new customers and be accretive to existing customers in our core retail stores,” said interim CEO Howard Schultz. Global coffee store franchise giant Starbucks is looking to launch a new Web3 rewards program to attract and retain customers, according to its interim CEO Howard Schultz.Speaking during the firm’s fiscal Q3 earnings call on Tuesday, Schultz noted that Starbucks will soon reveal a new Web3 “digital initiative” that will expand upon the company’s loyalty program:“This new digital Web 3-enabled....