Web3 developers don’t appear to be fazed by the crypto bear market, with one Web3 platform suggesting they’re “more active than ever” — particularly on the Ethereum (ETH) network. In a new Q3 2022 report on Oct. 13 by Web3 development platform Alchemy, the company said that 2022 could be the “biggest year yet” for development on Ethereum. Around 36% of all smart contracts ever deployed and verified on the blockchain have been in 2022, a count of nearly 118,000 compared to the over 323,700 ever deployed, according to the report. This is despite the price of ETH falling by …

Forget about tracking DAO votes, DeFi transactions or data breaches across many channels and platforms. Your Web3 mailbox will handle it for you without requiring your phone number or legacy email address. Instead, your wallet address will receive and organize all this information. At least, these are some of the promises made by Web3 communications companies attempting to build the first generation of blockchain-based messaging platforms: Web2 experience with Web3 privacy and security, and, most importantly, focusing on Web3 problems. Wallet's monthly statements, transaction notifications and hack updates, for example, are some of the contents users could receive in their …

Venture financing for the blockchain industry remained robust in the third quarter, even as bearish conditions ravaged digital asset markets, a sign that venture capital firms were focused more on the long-term value proposition of the sector. Blockchain games and metaverse projects raised a cumulative $1.3 billion in venture capital between July and September, according to DappRadar’s latest BGA Games Report. While this figure was down 48% compared to the second quarter, it was nearly double the total amount raised in 2021. DappRadar said that projects focused on Web3 metaverse infrastructure accounted for over 36% of the quarterly investments. Looking …

Decentralized exchange Uniswap Labs has raised $165 million in a Series B funding round that had participation from some of blockchain's biggest venture firms, putting the company on track to expand into other crypto-focused domains. The funding round was led by Polychain Capital with additiona participation from several existing investors, including Andreessen Horowitz, Paradigm, Variant and SV Angel. The funding round confirms earlier reporting from Cointelegraph that Uniswap was looking to raise between $100 million and $200 million. Uniswap said the funding would go toward expanding its existing product offerings and improving the user experience through new web applications, developer …

The hype around nonfungible tokens (NFTs) may be fading, yet a number of organizations continue to implement Web3 initiatives. Nonprofit organizations and activists, in particular, have begun implementing nonfungible token projects to help fundraise and generate awareness for certain causes. While these methods are still new, NFT projects for philanthropy have been met with relative success. A recent report from crypto donation platform The Giving Block found that nonprofits using The Giving Block received more than $12.3 million dollars in cryptocurrency donations from NFT-related charitable giving initiatives in 2021. The report further noted that charitable organizations using NFTs are presented …

Solana (SOL) blockchain-based move-to-earn fitness app STEPN is reportedly laying off over 100 of its contract workers amid the ongoing crypto bear market and as its user numbers dwindle from previous highs. Moderators and ambassadors will be among the sacked staff, and investment in STEPN will be scaled back according to crypto reporter Colin Wu. There will also be a shift toward promoting STEPN's parent company Find Satoshi Lab (FSL) and its new projects, Wu claimed, citing community sources. The famous blockchain game STEPN began to lay off staff in the bear market. It will mainly lay off more than …

nxyz, a Web3 platform enabling data infrastructure for blockchains, secured $40 million in Series A funding led by venture firm Paradigm with additional participation from Coinbase Ventures, Greylock Partners and Sequoia Capital. Angel investors also participated, including Balaji Srinivasan, Jaynti Kanani, Jing Wang, Packy McCormick, Surojit Chatterjee and Ryan Selkis. According to nxyz, the funds raised will be used to expand the company’s team, build support across emerging use cases, and expand across different chains. The company will focus on expanding its team globally, across engineering and partnerships, and also onboard several more blockchains in the upcoming months. The Web3 …

Decentralized identity (DID) and compliance services will become a “key infrastructure” to the success of decentralized finance (DeFi) and the transition of real world financial assets onto the blockchain according to Fabrice Cheng, CEO and co-founder of Quadrata. Speaking with Cointelegraph, Cheng said the key driver behind the demand for DID will come from Web3 protocols, which will utilize the DID of users to build better products that are “catered” to existing customers and also “targets new sets of customers.” Quadrata provides a Web3 identity solution which allows users to perform KYC compliance without sharing personal data, it recently partnered …

Google’s latest crypto feature enables some Ethereum wallet addresses to have their ETH balances tracked straight off of the Google search engine — saving the need to make the trip to Etherscan. The feature was first made public by the Principal of Google Ventures Han Hua in an Oct. 11 Twitter post. Well done, blockchain address is now available in Google Search! pic.twitter.com/7IuKv1gddR — Han⚡️ (@hhua_) October 11, 2022 But Cointelegraph’s attempt to search for a Bitcoin address revealed a no-show on Google. Angel Investor Stephen Cole was not impressed, tweeting "Does Google not know about Bitcoin?" Cointelegraph also tried …

The Web3 Foundation and the global online learning platform edX launch a series of foundational courses in blockchain technology and the Polkadot platform. The four-part series, called Web3x, will cover the fundamentals of blockchain and explore the Substrate software development kit and the Rust programming language. By press time, the Web3x webpage contains only the first two courses: ‘Introduction to blockchain and Web3” and “Introduction to Polkadot.” The former course explains the history and key terminology of blockchains, Bitcoin (BTC), Ethereum and Web3, and the technologies behind them. The latter provides the learners with the key terminology behind Polkadot (DOT) …

Nonfungible tokens (NFTs) and the sports world are on a mutually beneficial trajectory into the next generation of connectivity. The latter is a catalyst for more mainstream adoption, with average sports fans rushing to collect NFT memorabilia and Web3-backed event tickets. While NFTs give the industry never-before-experienced levels of democracy and the connectivity which fans crave. The platform FANtium is using NFTs to take financing athletes to the next level. Fans can use digital assets like bets on the future success of their favorite up-and-coming sports stars. However, instead of placing a bet and walking away with only a monetary …

Formula One is looking to establish itself within the Web3 ecosystem with eight recently filed trademarks for its globally recognized “F1” abbreviation. According to licensed trademark attorney Mike Kondoudis, the race-car league filed eight trademark applications on Oct. 5 covering cryptocurrency, nonfungible tokens (NFTs), crypto marketplaces, retail stores for virtual goods, cryptocurrency trading and mining, and blockchain financial transactions. Formula One has filed 8 trademarks for "F1" covering: Cryptocurrency + NFTs NFT + Crypto marketplaces Retail stores for virtual goods Blockchain financial transactions Cryptocurrency trading + mining … and more!#NFTs #Metaverse #Cryptocurrency #Web3 #F1 pic.twitter.com/C3OYo3wSl8 — Mike Kondoudis (@KondoudisLaw) October …