Web3: Onboarding the next billion users — The road ahead
Polarization in public discourse is increasing, and to stop it, the world desperately needs the next generation of the internet: a decentralized Web3. Recent geopolitical events have polarized the world. Partisanship and the ideological divide have further balkanized the internet, whose gatekeepers have trampled upon the rights of millions to access financial services. Nations are gradually waking up to the reality of having neutral protocols and national stacks. Hailed as the next generation of the internet, Web3 will be sanction-resistant and free of data silos. Gavin Wood, co-founder of....
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With the dramatically expanding creator economy, NFTs and Web3 are becoming the tools for giving artists and musicians more financial stability and control. The music sector hit record revenues at $25.9 billion in 2021, which amounts to an 18.5% growth from 2020, according to IFPI’s “Global Music Report.” Of these nearly $26 billion, streaming drove the bulk of the growth, with a 24.3% increase relative to 2020. These patterns constitute great news for the emerging class of NFT musicians and highlight the demand for audio and video content.Even if the way that streaming is done changes —....
Bitcoin education is a key part of onboarding the unbanked citizens of Africa who increasingly look to Bitcoin as their monetary network.
Siu noted that the Metaverse won’t be a single or central entity but a combination of several metaverses. The $200 billion gaming industry is rapidly becoming a key point of interaction between Web2 and Web3. In recent times, a growing number of gaming companies have integrated digital wallet support and nonfungible token (NFT)-based reward systems and even launched their own metaverses.The growing prominence of GameFi in the Web3 economy makes the likes of Animoca Brands believe that it would become an onboarding point for the Metaverse. During the Future Blockchain Summit, Animoca Brands....
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....
The team behind the Ethereum wallet Rainbow announced the project has raised $18 million in a Series A funding round led by Alexis Ohanian’s venture capital firm Seven Seven Six. The new financing that follows the startup’s $1.5 million seed round will allow Rainbow to focus on “onboarding the next 100 million users to Web3.”
Ethereum-Based Rainbow Wallet Raises $18 Million
Rainbow, a non-custodial Ethereum (ETH) wallet that’s available for iOS and Android devices has announced the team has raised $18 million in a Series A investment round. The....