Web3 technology has been rapidly evolving, with new innovations being introduced every day. One of the most exciting new inventions is the metaverse, a virtual world that allows people to express themselves through extended reality elements such as AR and VR, without the need for special devices. Many global brands have adopted these virtual worlds into their working strategies to stay relevant to new-gen trends. In this blog post, we’ll focus on the top 10 brands that are running successful metaverse development projects. 1. Meta (Formerly Facebook) Global tech giant Meta, formerly known as F ..read more

Welcome to the world of fashion in the metaverse! As the trend shifts towards this exciting new realm, fashion brands are quickly adapting to stay ahead of the curve. One way they’re doing so is by releasing branded NFTs with unique utilities, including some that offer exclusive physical rewards and discounts. But that’s not all – fashion brands are also taking their digital presence to the next level by creating virtual twins of their products and even opening virtual stores on the metaverse for customers to explore. Join us as we dive into the innovative ways fashion brands are embracing the ..read more

In a recent report by the Wall Street Journal, it has come to light that the Hamas terrorist organization and its affiliates have received millions in cryptocurrency donations. While this news may raise concerns, it’s essential to understand the broader context of these donations and how they fit into the group’s overall funding. Let’s dive into the details. Cryptocurrency Donations to Hamas A recent report by the Wall Street Journal reveals that Hamas and its affiliates have managed to receive millions of dollars in cryptocurrency donations. To be more specific, Palestinian Islamic Jihad rece ..read more

Cryptocurrency exchange Binance’s ambitious Industry Recovery Initiative (IRI) was launched to provide a much-needed lifeline to the crypto industry following the FTX collapse. However, recent reports suggest that the fund hasn’t been as active as expected. This blog will delve into the details of the IRI, its working, funding status, and the mystery surrounding the beneficiaries. About the Industry Recovery Initiative (IRI) The IRI was announced in November 2022, with a staggering commitment of $1 billion in Binance USD (BUSD) stablecoins. However, only $15 million of this commitment has been ..read more

In the midst of the ongoing turmoil in Israel, a heartwarming initiative has emerged from an unexpected source – the cryptocurrency community. A group of cryptocurrency enthusiasts and organizations has banded together to create “Crypto Aid Israel,” a global fundraising campaign aimed at providing crucial humanitarian assistance to Israeli citizens adversely affected by the current conflict. Understanding the Situation The situation in Israel has been deeply distressing. Conflicts and attacks have taken a toll on the lives of thousands of people, leading to casualties and the displacement of m ..read more

In recent news, Yuga Labs, the company behind the famous Bored Ape Yacht Club and CryptoPunks NFTs, has made headlines by announcing staff layoffs as part of an internal restructuring. This decision comes amid a wave of layoffs within the crypto sector, raising questions about the state of the industry and its impact on the company’s future. In this blog, we’ll delve into the details of this development, shed light on Yuga Labs, and explore its journey, funding, and broader implications for the crypto world. About Yuga Labs Yuga Labs, founded in 2021, has become a prominent player in the crypt ..read more

In late September 2023, Huobi Global’s cryptocurrency exchange, HTX, faced a significant security breach when a hacker drained one of its hot wallets of 5,000 ETH, equivalent to roughly $8 million. This incident sent shockwaves through the crypto community. However, in a remarkable turn of events, HTX managed to recover the stolen funds and even issued a bounty to the hacker. In this blog, we will delve into the details of this incident, HTX’s actions, and what it means for the world of cryptocurrency security. About HTX Huobi Global’s cryptocurrency exchange, HTX, has been a prominent player ..read more

Stars Arena, an Avalanche-based Web3 social media app, recently faced a significant setback when it fell victim to a $3 million exploit. However, the company has quickly taken action to address the issue, securing the necessary funds to cover the losses and pledging to reopen its platform following a thorough security audit. In this blog, we’ll delve into the details of the incident, Stars Arena, and its plans moving forward. About Stars Arena Stars Arena is a popular social finance platform that operates on the Avalanche blockchain. It offers users the opportunity to engage with decentralized ..read more

Amid a crypto industry slowdown, Hong Kong-based cryptocurrency venture capital firm CMCC Global has defied the odds by successfully raising $100 million for its new Titan Fund. This fourth fund, backed by over 30 investors, including notable names like Winklevoss Capital and Animoca Brands founder Yat Siu, aims to support early-stage blockchain start-ups in Asia, with a special focus on Hong Kong. Let’s delve into the details of this exciting development and its potential impact on the cryptocurrency landscape. What is the Titan Fund, and Why is it Significant?  The Titan Fund is CMCC Gl ..read more

In a recent big development, the news of FTX investing a whopping $500 million in Anthropic has become quite a talk of the town. Anthropic, a strong rival to OpenAI, has some ambitious plans in mind. They want to get another $2 billion in funding, and they’re talking to Google and other big investors about it. This news could have some really important consequences, especially for FTX and the people it owes money to. Let’s break down what’s happening in this fascinating story. What is Anthropic? Anthropic is a significant player in the field of artificial intelligence, often viewed as a rival ..read more