Articles filed under

Web 3.0

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March 2023

Hong Kong blockchain initiatives natural evolution for finance hub, says Signum Digital CEO

Hong Kong’s new crypto licensing regime isn’t the only bullish sign for the city’s digital asset industry, says Signum Digital, the first company to win a preliminary license to handle securitized tokens in the city.

Hong Kong poised for ambitious changes

Hong Kong has opened its doors to the world once more, and it spared no time hosting blockchain and web3 focused summits.

How DAOs can be remade to be more efficient and successful

DAOs are exploding in popularity but still hampered by weak governance and treasury mismanagement. What can help these novel organizations become more effective?

Women in crypto

Why progress isn’t the end of inequality.

Silvergate teeters as regulators circle and crypto firms cut ties

Top blockchain and crypto news: Silvergate woes spark bankruptcy talk. LDO dips on false enforcement rumors. Chinese leaders push digital development.

The digital economy needs a better BS detector — so we are building it through data transparency

Blockchain data is public for all to see. The irony is that few know what to look for, and why. A new set of indexes by Forkast Labs filters out the noise and offers data intelligence and clarity.

What Web3 must do if it wants to attract 1 billion users

Web3 is growing more rapidly than the early internet, writes Ken Timsit of Cronos Labs. But to achieve mainstream success, the following issues must be addressed.

What policymakers need to know about the metaverse to make the real world a better place

The metaverse has the potential to make the real world more just and inclusive, writes Sébastien Borget of The Sandbox. Here are the key ingredients for its future success.

FastForkast headlines

Over 80 Web3 firms in line to set up shop in HK, ahead of crypto regulations taking effect in June

Enterprise software giant Salesforce partners with Polygon for NFT-based loyalty programs

March 2023

Hong Kong’s new crypto regulation may lure Web3 firms back, experts say

Hong Kong’s proposed crypto licensing regime received Huobi Global’s pledge to return to the city, and more companies may follow, industry experts told Forkast.

Web3’s biggest power up: casual games

Web3 gaming could see a huge turn in growth in 2023. Is there potential for this industry to match the growth and performance of the mainstream video game industry?

How Web3 in China is taking shape — with ‘Chinese characteristics’

What makes Web3 compelling to many is its promise to shift power from centralized players to individual users, but China is doing the opposite, writes Lily King.

Web3 isn’t just about money, it’s about equality and transparency, says Mysten Labs co-founder

Investors may view Web3 through the lens of financial opportunities and revenue, but that misses the point of trying to build a fairer and more transparent infrastructure, with content creators at the forefront, says Mysten Labs co-founder Evan Cheng
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Why the crypto sector needs radical transparency in the post-FTX world

Self-custody is cumbersome and carries risks of seed phrases getting lost, but how can we ensure if a third-party custodian can be trusted?

How regenerative finance can ease climate change and boost the bottom line

Renewable energy is plagued by financing difficulties, but blockchain technology can bridge the sector’s funding gaps, writes Brianna Welsh of Reneum.

FastForkast headlines

Enterprise software giant Salesforce partners with Polygon for NFT-based loyalty programs

Hong Kong to invest US$6.37 million to spur Web3 growth

Prime Minister Fumio Kishida says NFTs and DAOs can bolster ‘Cool Japan’ strategy

February 2023

2023 Should be the Year of Web3 Security

Despite 2022’s turbulent impact on the crypto industry, Immunefi CEO Mitchell Amador believes this year could encourage better Web3 security.

Filecoin lifting off

The Filecoin Foundation’s Marta Belcher unveils details to send the IPFS into space to speed up long distance communications.

Crypto’s data problem: Rebuilding trust in a trustless environment

Price is the wrong measure of Web3’s true value, writes Angie Lau, editor-in-chief of Forkast. To recover from Crypto Winter, we need metrics that are less prone to whims and manipulation.

Web3 Domains

Can blockchain-based websites give you personal domains to ensure

Digital Currency Group in spotlight over suspicious fund transfers

Top blockchain and crypto news: DCG under investigation. Lido DAO surges as Ethereum’s Shanghai upgrade looms. Hong Kong burnishes crypto credentials.

How ‘naming collisions’ threaten the promise of Web3

What are ‘naming collisions,’ and why will unique user-owned identities play a pivotal role in Web3’s future success? Matthew Gould explains.

FastForkast headlines

Prime Minister Fumio Kishida says NFTs and DAOs can bolster ‘Cool Japan’ strategy

Binance Charity to fund over 30,000 Web3 scholarships in 2023

Accelerator Graviton to help Indian Web3 start-ups get funding

Hong Kong pushes ahead with crypto hub plans as tech firms, startups show interest: financial secretary

Animoca Brands slashes Web3 fund target to US$1B: Bloomberg

January 2023

Blockchain gets religion? Taiwan temple mints NFTs of local sea goddess

A centuries old Taiwan temple dedicated to a popular goddess has latched onto non-fungible tokens or NFTs as a means for worshippers to get access to pilgrimages and other events.

Worship in Web3

With Christmas around the corner we look at how religions are embracing blockchain and the metaverse.

To unwrap Web3’s promises, we must break the barriers to blockchain adoption

Despite blockchain’s potential, barriers to use still stand in the way, writes Andrew Vranjes of Blockdaemon. Solving security issues and reducing risk will be key.

US bill set to demand know-your-customer from crypto companies

Top blockchain and crypto news: US senators push for crypto KYC. SBF faces the music in US courts. Alibaba Cloud to launch blockchain node.

What the FTX collapse means for the future of crypto

Centralized exchanges releasing ‘proof of reserves’ is not enough to win back users, while improving user experience will be key, writes Holger Arians of Banxa.

NFTs may become the “Lego blocks” of Web3 in 2023, Gary Liu says

Gary Liu of Artifact Labs believes that NFTs will gain more utility and become the building blocks of Web3

How Web3 can make travel less stressful for future holidays

The travel sector has many pain points and is ripe for disruption, writes Freddie Hickman of Hyper SQ. Here’s what blockchain can do, from tracking baggage to letting you resell your no-longer-wanted air ticket.

Web 3.0 firms must ‘keep costs low,’ improve efficiency to navigate downturns, says Rotten Tomatoes cofounder

Patrick Lee, who cofounded Rotten Tomatoes and PKO Investments, says the US$35 million investment company has slowed Web 3.0 investments significantly.

Web3 Needs Women

Better awareness needed to persuade girls into blockchain careers.

Venture capital firms slow Web 3.0 investments as investors turn cautious

Several venture funds tell Forkast they have become conservative and are only investing in ‘true believers’ of Web 3.0

Could NFTs have prevented Taylor Swift’s concert tickets debacle?

The trillion-dollar concert ticketing sector is plagued by scalping and other Web2-era problems, writes Ryan Kenny of SeatlabNFT. Here’s how blockchain can help fans and artists.

Cold comfort: Is Crypto Winter the right time to invest in Web3?

Amid the current crypto market carnage, Web3’s appeal for investors remains solid — and perhaps even stronger — says CVP NoLimit Holdings founder Gin Chao.

FastForkast headlines

Animoca Brands slashes Web3 fund target to US$1B: Bloomberg

January 2023

Do all Web3 projects need a token?

Should we be questioning which Web3 projects need tokens?

Taiwan’s Crypto Future

Taiwan’s economy has taken a hit due to lowered demand for its number one export and repercussions of the Chinese Mainland’s zero-COVID policies. How has that shifted the Taiwanese government’s attitude towards crypto?

Blockchain without cryptocurrencies: How might China’s BSN change Web3?

By excising cryptocurrencies from the ecosystem, crypto-hostile China could steal a march in enterprise blockchain, says Red Date Technology chief Yifan He.

The big problem with Web3

People have been waiting seemingly forever for the arrival of Web3. So why hasn’t it changed our lives yet?

How soulbound tokens can lift billions of lives around the world

What are soulbound tokens, and how can they end the ‘credit paradox’ that has been holding back the unbanked masses? Fakhul Miah of CreDA explains.

FastForkast headlines

Animoca Brands slashes Web3 fund target to US$1B: Bloomberg

Japan’s NTT Docomo to develop Web 3.0 with Accenture, Astar Network

Japan’s Web 3.0 lawmaker urges further easing of country’s crypto regulation

LG Electronics seeks Web3 talent for blockchain, NFT efforts

Crypto asset manager HashKey gets Singapore’s in-principle license

India forms new crypto advocacy body with Coinbase, Polygon

NEAR sets up Web3 hub in South Korea, eyes Asia expansion

November 2022

Web 3’s Korean future

NFTs and gaming – could it be the future of Web3?

Disrupting the media

Journalists have faced with all sorts of issues in pursuing the truth, including safety, press freedom, and more. So how can blockchain and web3 make a difference?

Reinventing banking: Why is Standard Chartered so drawn to Web3?

Institutional adoption of Web3 in finance means getting traditional banks involved, which will in turn reshape the way banks work, says SC Ventures’ Alex Manson.

Why appchains are critical to Web3’s future

What’s wrong with ‘fat protocols’ like Ethereum and Solana, and why should there be alternatives for the little guys? Yaoqi Jia of AltLayer explains.

Want the next-generation internet? Start legislating for it

Web3 communities need to join forces with policymakers to draft rules for the next iteration of the online world, says Haun Ventures’ Tomicah Tillemann

China’s international blockchain push may face Huawei-like obstacles

China spent billions on its ‘belt and road’ infrastructure network to expand trade so what are its plans for a domestic and international digital infrastructure built on blockchain?

FastForkast headlines

NEAR sets up Web3 hub in South Korea, eyes Asia expansion

Gaming and NFTs will drive Web3 growth: Crypto.com COO

India Web3 talent driven away by lack of regulatory clarity, industry body says

The Lord of the Rings NFT comes with a Web3 AR movie journey in 4K

Japanese gaming giant Konami is recruiting for expansion into Web3, metaverse

Google Cloud partners Coinbase for crypto payments, data services

Malaysia to get its own national public blockchain

Asus launches NFT platform to plug into Web 3.0

Japan’s PM announces NFT and metaverse expansion

October 2022

Is crypto in a deep funk? Think again

Beyond the bear market, Web3 technology is shining bright in gaming and music, writes Hannes Graah of Gro. Are we at a tipping point for mass adoption?

FastForkast headlines

Japan’s PM announces NFT and metaverse expansion