The internet is evolving rapidly into an open, decentralized web3 that runs on blockchains and gives power back to users. For businesses, web3 unlocks game-changing opportunities to innovate in the digital economy. Implementing web3 can help companies optimize operations, create new revenue streams, establish direct relationships with customers, and future-proof for the next era of
Krutrim, an artificial intelligence (AI) startup founded by Ola’s founder and chairman Bhavish Aggarwal, announced on January 26, 2024 that it has raised $50 million in its first external funding round. This values the 6-month old startup at $1 billion, making Krutrim India’s first AI unicorn of 2024. The funding round was led by Matrix
SubQuery, a pioneer in web3 infrastructure, announces that the forthcoming launch of the SubQuery Network mainnet will take place on the Base Network. Mainnet launch will see SubQuery’s decentralised data marketplace come to life and will take place shortly after SubQuery’s public token sale on 30 January 2024. Base, an Ethereum Layer 2 solution incubated
Web3 (also known as Web 3.0) refers to the next evolution of the internet that incorporates concepts such as decentralization, blockchain technology, and token-based economics. While still an emerging technology, many believe Web3 will revolutionize how we interact online and disrupt many digital industries. This guide provides an in-depth look at what Web3 is, its
The cryptocurrency firm associated with the collapsed TerraUSD and Luna tokens has officially initiated bankruptcy proceedings in the United States. The downfall of Terraform Labs’ tokens in May resulted in a staggering $40 billion loss, significantly contributing to the widely recognized “cryptocrash” of 2022. The co-founder, Do Kwon, presently incarcerated in Montenegro, faced legal consequences
[New York, Jan 19], 2024 — Dell Technologies has announced the expansion of its latest global loyalty program to Japan on Jan 18, 2024, following successful launches in Canada and the United States in 2023. In a significant move for the Web3 space, OORT, a burgeoning force in AI-focused decentralized cloud services, has joined this
Plasma chains are a layer 2 scaling solution built on top of the Ethereum blockchain that allows for faster and cheaper transactions. They are one of several “layer 2” technologies like state channels and rollups that are being developed to help Ethereum scale to support higher transaction throughput without sacrificing decentralization or security. In this
Rollups have emerged as one of the most promising Layer 2 scaling solutions for blockchains like Ethereum. By bundling or ‘rolling up’ transactions off-chain, computing them more efficiently, and only posting the transaction data on-chain, rollups can significantly improve transaction throughput and reduce fees. However, rollups also come with certain limitations and trade-offs compared to
In a major partnership underscoring the ongoing blockchain adoption by technology titans, Google’s cloud computing division has allied with Flare, an emerging blockchain network focused on decentralized data transmission. Under this new collaboration, Google Cloud will take on dual responsibilities within the Flare ecosystem as both a validator securing the network and an infrastructure provider
Ethereum is the leading smart contract blockchain platform, hosting a vast ecosystem of decentralized applications (dApps) and enabling a wide range of financial and organizational activities. However, Ethereum faces scaling limitations due to the inherent constraints of its underlying blockchain architecture. Rollups are layer 2 scaling solutions that enable higher transaction throughput and lower fees