Web3 Weekly Wonderland | Edition #17 – Nov 2022
Welcome back, Web3 Enthusiasts!
We’re back with the latest edition of the Web3 Weekly Wonderland, and this edition serves you some energising thrills of the Web3 world!
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The week's Top 10 news from the decentralised world ―
It’s a big week for NFTs – OpenSea plans to integrate BNB Chain to the Seaport Protocol on its NFT Marketplace, while Uniswap launches an NFT marketplace aggregator.
The Virtual Asset World gains more excitement, with Web3 gaming DAO Game7 launching a $100M program to help accelerate blockchain-enabled games and Sony debuting wearable Mocopi bands that track the body to create metaverse avatars in real-time.
Crypto exchanges captured headlines: Binance acquired licensed crypto provider Sakura Exchange BitCoin (SEBC) in Japan, Nexo and Gemini entered Italy by gaining regulatory approval, and Telegram CEO Durav announced plans to build a decentralised exchange and non-custodial wallets.
Playing it safe, Aave and Compound froze market and cap loans to mitigate risks, whereas IBM and Maersk announced plans to abandon their shipping blockchain TradeLens by early 2023.
A silver lining among the storm – Keyrock raised $72M in Series B funding to invest in infrastructure development.
Web3 Word Of The Week
Cold Wallets: A cold wallet is used offline for storing Bitcoins or other cryptocurrencies. With a cold wallet, originally known as cold storage, the digital wallet is stored on a platform not connected to the internet, thereby protecting the wallet from unauthorised access, cyber hacks, and other vulnerabilities that a system connected to the internet is susceptible to.
Don't forget to check out this Web3 delight 🍩 over the weekend for a peek into the Web3 realm!
That's all for now!🤘
If you're hungry for FinTech insights, check out some of our other work at WhiteSight.
Our latest publications include taking a look at the layoff patterns in 2022 in Winter Is Here For The FinTech Folks and exploring the Revolut-ionary Leaders: Navigating Global Aspirations
If you're someone who prefers to read think pieces, you will likely love our monthly blog Fintersections, where our team members analyse the convergence of FinTech with the world.
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