Web3

Increasingly adopted in the NFT sphere, developers can revert to smart contracts behind the system currently in play, using it as a basis for fixes to vulnerabilities.

During a webinar on 26 January 2022 organized by Huobi Research Institute, three industry experts debated the future awaiting the crypto market this year. Topics covered included a market overview, Central Bank Digital Currencies (CBDCs), crypto regulatory changes, meme coins and Non-Fungible Tokens (NFTs).

One of the toughest challenges hindering mainstream adoption of the Metaverse is the lack of uniformity and interoperability between multiple ecosystems. This challenge prevents the niche technology from serving the Metaverse community in a more seamless and user-friendly way.

Web3 firms Vleppo and Tokel have successfully conducted a breakthrough digital procedure that will pave the way for the blockchain industry and non-fungible token (NFT) owners to establish and enable their legal rights embodied in the NFTs and digital transactions to be made legally enforceable in the courts of law around the world.

Generative arts are not new in the NFT industry. Despite the unpredictable nature of the industry, NFTs are still on the path to exploring the unknown. Time will tell as to the real impact that interactive NFTs can instill across the creative industries.

China's Xinghuo Blockchain Infrastructure and Facility (Xinghuo BIF) and Malaysia's Zetrix have jointly announced the introduction of blockchain-based identifiers (BID) / verifiable credentials (VC) and blockchain-based E-signing services to international markets.

VinaCapital Ventures, the Vietnam-based technology investment platform of VinaCapital Group, announced Monday that it has taken a stake in M3TA, a Web3 data analytics company that seeks to empower businesses in Web3 with the power of data. Details of the investment were not disclosed.

Gusto Collective, which provides content production services, raised $11 million in its seed plus funding round led by Animoca Brands and Gaw Capital last month. The oversubscribed round also received participation from BlackPine, YCI Limited, and several existing shareholders including ClearVue Partners.

With the Metaverse increasingly simulating the real world in a virtual space, the need for an enhanced delivery experience will also quickly become imperative.

As we lead humanity into a future of Metaverse and DAOs, the future is likely shaped by both sides, and we are poised to make a difference. Our decisions now will determine our fate, and it’s up to us to make wise choices.