Web 3 News and Insights

The latest Web 3 news and insights to help you become an expert

Latest News

Dust Labs Raises $7M While yOOts Performs Outstandingly

The yOOts project launched on Monday but has already achieved a big feat by generating over $6 million in sales. Its parent company, Dust Labs, toed a similar line by raising $7 million in a funding round.

FIFA Partners With Algorand To Launch Into The NFT Space

The football governing body will be launching an NFT collection that will enable fans to own "moments" or video clips featuring the greatest goals, celebrations, and saves from the 2022 World Cup in Qatar.

Snap Inc. Shuts Down Its Web3 Division

Snap Inc. laid off 20% of its workforce and disbanded its Web3 division to counter the financial loss caused by low revenue growth.

BendDAO Suffers Financial Crisis As Ethereum Reserves Run Out

Data shows that the Ethereum wallet of BendDAO contained only 0.75 WETH today, indicating that they could become insolvent.

CoinFund Invests $300M To Fund Web3 Startups

New York-based venture capitalist and liquid investment firm CoinFund launches $300M as funds to promote newly established blockchain and Web3 projects as the crypto market takes a bearish turn.

BitDAO Community Accepts Proposal To Fund AfricaDAO

Crypto firm BitDAO approves AfricaDAO’s proposal to receive $20M as funding to accelerate Web3 adoption across Africa.