The future of the internet: Inside the race for Web3’s infrastructure
The Web3 infrastructure race heats up as more providers compete with each other, which indicates a healthy decentralization of the Web3 ecosystem. People interact with open-source applications like MetaMask, Web3 games, the metaverse and DeFi protocols every day but don’t often stop to think about what happens in the background for it all to work. If we think of Web3 as a burgeoning new city, node infrastructure providers are the underlying power grid that makes operations possible.All DApps need to communicate with blockchains, and full nodes serve billions of requests from DApps to read....
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The fund will support early-stage NFT projects that are contributing to the growth and development of the Web3 economy. Crypto exchange KuCoin’s venture capital arm and nonfungible token (NFT) marketplace have launched a $100 million “Creators Fund” to help bootstrap early-stage NFT projects at the intersection of art, sports and GameFi.KuCoin Ventures and the Windvane NFT marketplace have created the fund to help artists and creators showcase their work and scale their business to wider audiences, the companies announced Tuesday. The fund’s mandate is to support promising NFT projects....
PRESS RELEASE. Tampa Bay, Florida, U.S.A – 16th January 2022 – Pocket Network – an infrastructure middleware protocol which facilitates decentralized cloud computing and abundant bandwidth on full nodes interoperable with DApps across all 21+ blockchains surpasses milestone 20,000 full nodes, answering a real and conceptual question around decentralization viability. Pocket Network incentivizes a global community of independent node operators and service providers running 21,000+ full nodes adding to the network’s resilience. Pocket Network is secured by over....
Web3 is generating a lot of opportunities for blockchain-native businesses, but it’s also creating serious security vulnerabilities. Blockchain security firm CertiK has raised $60 million in funding from SoftBank Vision Fund II and Tiger Global, further cementing its unicorn status after raising a combined $290 million over nine months.The raise comes at a time when the blockchain community is leading growth around Web3 application development and creating new use cases for virtual ecosystems, especially in gaming, nonfungible tokens (NFTs) and decentralized finance (DeFi). “When....
NXT and Blackcoin are rushing us into the cryptocurrency 2.0 future faster than anyone expected. But which one will get us there first? In 1957 the Soviet Union launched the first manmade satellite named Sputnik and kicked off the space race between itself and the United States. The race ultimately culminated in the United States landing a man on the moon in 1969. The phrase “to the moon” is one of the most popular and oldest phrases in the cryptocurrency community. It represents a nondescript and near mythical price of Bitcoin or another currency far above its current price, which it will....
“Attacks that we witnessed today were possible mainly because there is a centralized infrastructure which could have been targeted,” said Piotr Janiuk, CTO of Golem, which seeks to decentralize the internet using peer-to-peer technology. “The attack itself isn’t easy to carry out, but it is obvious that even the backbone infrastructure behind the Internet contains single points of failure which are prone to such malicious activity – even though the infrastructure may comprise multiple machines. As of today, the trend is to move towards distributed solutions and the main problem is the lack....