Web3 Platform Analog Closes $16M Funding Round
Analog has obtained $16 million in funding to advance its cross-chain communication tools for developers. The round brings the startup’s valuation to a fully diluted state of $120 million. Several Web3 funds and cryptocurrency initiatives contribute to the round, including Wintermute, Orange DAO, Benqi Finance, and Quantstamp. In addition to venture capital firms Tribe Capital, […]
NEAR Foundation Cuts 40% of Workforce Amid Progress Soars
The NEAR Foundation, an organization that provides support to maintainers of ecosystems and protocols, recently declared a significant reduction in its workforce. The NEAR Foundation, a highly esteemed organization that supports ecosystems and protocol maintainers on a global scale, recently made a remarkable reduction in workforce. This development has sparked considerable speculation throughout the web3 […]
Web3 Infrastructure: The Backbone of Decentralized Applications
In this article, we will explore the importance of Web3 infrastructure and how it facilitates the functioning of dApps. The emergence of a decentralized internet disrupted traditional centralized systems in the current digital era, opening up new avenues and empowering people everywhere. The foundation of this revolution is the Web3 infrastructure, which acts as the underlying […]
Web3 Gaming: A New Frontier for Developers and Players Alike
This article discusses Web3 Gaming, which provides new opportunities for developers and players while enhancing the user experience. As the gaming world continuously evolves, a new domain known as Web3 gaming has emerged, reshaping the landscape for developers and players. With blockchain technology at its core, Web3 gaming paves the way for a more decentralized […]
Flipkart to Use Polygon CDK for Web3 Loyalty Program
India’s domestic e-commerce giant, Flipkart, will launch a Web3 loyalty program utilizing Polygon’s chain development kit (CDK) as the base to build an Ethereum-based ZK layer-2 network. A strategic partnership was declared between Polygon and Flipkart on December 2 to integrate the e-commerce platform into the metaverse and Web3 efficiently. This included initiatives like the […]