Beyond the Hype: Three Areas Web3 is Making a Difference
In December 2021, Elon Musk tweeted that “Web3 sounds like bs”. This is frustrating for a few reasons. First: because of all the massive hype and grand claims that Web3 will revolutionize the world, it is building a reputation that it will change the very fabric of our lives and make all the current issues […]
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Cointelegraph spoke with NFT musicians and Web3 music industry natives to understand what came first: the music or the desire to make an NFT. Music-related use cases for Web3 technologies are piling up as the industry goes all in on adoption. From democratizing song rights royalties and blockchain licensing to legacy companies like Sony Entertainment filing patents for nonfungible token- (NFT)-authenticated music.While electronic dance music and pop seem to be picking up the most attention in terms of NFT music, they’re even making a difference in more traditional areas like opera.Just....
With the rapid pace of progress and innovation, blurred together with at least as much buzz-word saturated hype, it can become easy to get lost in the growing wave of news, advertisements, and social media blasts around the next big thing. Two of these buzzwords driving conversation are “Web3” and “Dapp”. What makes it more difficult is that you can’t just dismiss the news on either term. There are genuinely world-changing innovations that are being developed, and entire ecosystems are growing so rapidly that they feel like they are appearing overnight. It might be worthwhile to pause,....
Prominent asset manager Grayscale has moved to launch a HYPE exchange-traded fund (ETF) following a recent application with the SEC. This development means Grayscale joins a list of growing asset managers with the intention to add an HYPE fund to their portfolio. Related Reading: Bitcoin Just Got A $1 Million Nudge, But Will Morgan Stanley’s MSBT ETF Really Move The Needle? About The Grayscale HYPE ETF According to filings on March 20, Grayscale has now submitted an S-1 registration form for the Grayscale HYPE ETF with the US Securities and Exchange Commission (SEC). The proposed fund is....
Mastercard has outlined five key crypto areas it is working on in order to “turn cryptocurrencies into an everyday way to pay.” A Mastercard executive opined: “Someday soon, the ability to own and spend a digital currency could be as seamless as making a contactless card payment.” Mastercard Focusing on 5 Major Areas Covering Crypto, Metaverse, and NFTs Mastercard highlighted on Wednesday five different areas it is working on in order to “turn cryptocurrencies into an everyday way to pay.” Raj Dhamodharan, executive vice president of Digital Asset and....
According to Bertrand Perez, some lawmakers are still making decisions “too fast or without having education” on crypto, but Libra may given them a push to develop a framework. Bertrand Perez, chief operations officer of Web3 Foundation, one of the firms behind the Polkadot blockchain, said a certain level of regulation was necessary in the crypto space as long as those responsible left room for innovation.Speaking to Cointelegraph at the Paris Blockchain Week on Wednesday, Perez said he saw a few areas of concern when it comes to regulating the space, including a recent draft bill from....