Amid the speculation and volatility in the casino-like crypto land, there remains a subset of individuals who espouse blockchain’s potential to decentralize various aspects of human activities for the greater good. Taiko‘s founder Daniel Wang is one of these idealistic founders. A serial entrepreneur, Wang initially wanted to bring decentralization to social platforms. Decentralized networks […]
LineNext secures $140M funding for its web3 service
LineNext, a web3 unit of the Japanese messaging app Line, raised $ 140 million in its funding led by Crescendo Equity Partners, a Peter Thiel-backed private equity firm in South Korea, to expand its web3 platform. The new funding comes nearly a year after LineNext released its browser-only beta service — consumer-to-consumer(C2C) marketplace launched on […]
Google Exploring Blockchain Products — CEO Shares Web3 Strategies
Google has shared some details of its web3 and blockchain strategies. “As a company, we are looking at how we might contribute to the ecosystem and add value,” said Sundar Pichai, the CEO of Google and its parent company, Alphabet Inc. Google’s Web3 and Blockchain Strategies The CEO of Alphabet Inc. and its subsidiary Google, […]
Jack Dorsey and Elon Musk Raise Concerns Over Web3 as Skepticism About Ownership Grows
Former Twitter CEO Jack Dorsey has ignited a debate about web3 after Tesla CEO Elon Musk criticized it. Dorsey warned of the risks from centralization, emphasizing that web3 is owned by venture capitalists (VCs), hiding under the premise of decentralization. “I’m concerned to see ‘the industry’ be distracted under false pretenses when we could all […]
Polygon, Reddit Co-Founder’s VC Firm Launch $200 Million Social Media Web3 Fund
The team behind Polygon, the protocol dedicated to interconnected blockchain networks like Ethereum, and Alexis Ohanian’s Seven Seven Six venture capital company have revealed a $ 200 million investment fund in blockchain-based social media projects. According to the announcement, the partner’s mission is to attempt to bridge blockchain, Web3 technology, and social media together. Polygon […]