Web3 projects year have more than

Author: g | 2025-04-24

Web3 projects have lost more than $2 billion to hacks this year The Role of Communities in Web3. Communities in Web3 are more than just a buzzword; they are the lifeblood of any successful project. Instead of waiting for years to go public, Web3 projects

Web3 Projects Have Lost More Than $2 Billion To Hacks This Year

As we are entering the era of Metaverse and Web3, we see how many technologies and business models are evolving and believed to change the working of banks. Although Web3 will definitely reach many industries and help them grow within a few years, Web3 has significant implications for all parties involved in the banking domain now. Web 3.0 banking not only can boost the security of transactions but also seems to offer enhanced services for end users, including banking users, investment bankers, and corporates. Key Statistics $27.5 billion In 2022, the Web3 cumulative market capitalization amounted to $27.5 billion. 37% In 2022, North America dominated the global Web3 market revenue, accounting for a 37% share. $814 million According to the report, the global Web 3.0 Blockchain Market size is suggested to reach $12.5 billion by 2028, growing at a market growth of 38.2% CAGR during the forecast period. The speed of market growth is caused by the need for decentralization and the popularity of blockchain-based projects. Web3 offers decentralization which is being built, operated, and owned by its users. This way, it will put power in the hands of users rather than corporations. In addition, the global smartphone penetration rate has hit 83% in 2022. DeFi users believe that identity in Web3.0 will allow a whole swathe of the worldwide population to borrow, spend, and utilize digital money. This will also reduce the need for the identity checks, documentation, or regulations traditional banks require. And if you are running a banking business, you will soon notice that people choose decentralized finances over your services. The situation will only get worse each year. So how can you, as a traditional financial institution, interact with this new world and stay relevant? What is Web3? It is a simple answer. While more time

Web3 projects have lost more than $2 billion to hacks this year

Web3. The decentralized infrastructure of Web 3.0 on which blockchain games are developed offers incentives to players for their time and effort while making it possible for game developers to earn more from their creations. GameFi, powered by NFTs, makes gaming more economically rewarding and engaging and is one of the most fun applications of Web3. Gaming dApps like Axie Infinity and STEPN are among the most popular decentralized apps consumed or accessed in the Web 3.0 market. Metaverse More people worldwide have heard of the Metaverse than Web3. Believe it or not, Web 3.0’s decentralized internet powers the metaverse. Built on the blockchain, leading metaverse projects like The Sandbox, Decentraland, and more offer revolutionary ways to engage in the virtual world like never before. Whether playing games, shopping, or hosting virtual events, the metaverse applications are only emerging now and have a long way to go. The metaverse, powered by emerging tech like augmented reality (AR) and virtual reality (VR), can transform how we live and interact in the virtual environment, making it as realistic as our lives in the real world. Social Networks Social networks like Facebook, Instagram, and Twitter have been at the forefront of driving online engagement in Web 2.0. However, they’re among the most significant reasons consumers crave the higher privacy and security that Web 3.0 offers. Unlike the centralized Web2 social networks, decentralized social networks in Web3 do not claim user data or misuse them for monetization purposes such as targeted advertising. Some emerging decentralized social networks include Mastodon, Audius, and Steem. Decentralized Storage Cloud computing has been one of the biggest saviors for businesses and consumers in this era of Big Data. However, there are several risks of placing confidential data and trusting centralized database infrastructure like AWS to handle it, not to mention the high expenses of renting cloud storage in Web2. Web3 offers decentralized, always-on, encrypted cloud storage that is more cost-effective and accessible. Web3-based decentralized data networks powered by technologies like IPFS (Interplanetary File System) are easy to use, far more affordable to scale, and offer seamless interoperability unheard of

The Verge on Twitter: Web3 projects have lost more than $2

Brands' Blowfish Studios, DARKTIMES presents a Nordic-inspired Brawler Royale. The game distinguishes itself with physics-based combat mechanics spanning ranged attacks, magic, and close-quarters combat. Its realistic gameplay approach ensures every item serves a purpose in the brutal medieval setting.Innovation in Gaming Hardware: SuiPlay0X1In a pioneering move to bridge the console gaming gap in Web3, Sui is introducing SuiPlay0X1, a handheld gaming console that combines traditional gaming with blockchain capabilities. The device offers native support for Sui games while maintaining compatibility with Steam and Epic game libraries, creating a seamless bridge between AAA gaming experiences and blockchain-enabled digital asset features.Pre-orders began in September 2024, with the console priced at $599 and accepting payments in multiple cryptocurrencies including SUI, SOL, and ETH. Deliveries are scheduled for 2025, marking Sui's ambitious step into gaming hardware while traditional console manufacturers like Microsoft and Sony maintain cautious positions in the Web3 space.What's Next for Gaming on Sui?Sui has designated 2025 as its breakthrough year, with gaming as the key driver for mass adoption. This ambitious vision is supported by significant technical advancements in blockchain infrastructure and an expanding roster of game developers. Upcoming Game LaunchesThe Sui gaming ecosystem continues to expand with an impressive lineup of games in development. The platform has partnered with major studios including Lucky Kat Studios (Panzerdogs), Blowfish Studios (DARKTIMES), and XOCIETY. With over 65 gaming studios building on Sui, approximately 70 titles are scheduled for release throughout 2025.Infrastructure DevelopmentsSui is implementing Mysticeti V2, also known as FastPath, to enhance its gaming infrastructure. This upgrade streamlines the transaction validation process by reducing cryptographic operations and simplifying the consensus mechanism. By integrating broadcast logic directly into the DAG (Directed Acyclic Graph), Mysticeti V2 enables faster transaction processing and improved validator efficiency, crucial for gaming applications that require near-instantaneous finality.Looking further ahead, Sui is developing Remora, a breakthrough scaling solution designed to handle increasing gaming demands. This technology enables horizontal scaling by distributing validator workloads across multiple machines, potentially achieving hundreds of thousands of transactions per second in test environments. This scalability ensures that as gaming activity grows on Sui, the network can maintain its high performance without compromising on speed or increasing transaction costs.ConclusionSui has established itself as a distinctive force in Web3 gaming by combining technical excellence with user accessibility. With upcoming infrastructure upgrades like Mysticeti V2 and Remora, innovative hardware solutions like SuiPlay0X1, and approximately 70 games scheduled for 2025, Sui is well-positioned to drive mainstream adoption of Web3 gaming while maintaining its focus on delivering engaging player experiences over blockchain complexity.Author: Stella L ([email protected])About Footprint Analytics Footprint Analytics is a comprehensive blockchain data analytics platform that simplifies complex analysis for businesses and projects in the Web3 ecosystem. It offers tailored solutions that eliminate the need for extensive expertise and infrastructure maintenance. The platform provides long-term growth tools designed to help build and manage communities step by step, emphasizing sustainable growth and user loyalty. By combining powerful analytics with community management tools, Footprint Analytics enables projects to leverage blockchain. Web3 projects have lost more than $2 billion to hacks this year The Role of Communities in Web3. Communities in Web3 are more than just a buzzword; they are the lifeblood of any successful project. Instead of waiting for years to go public, Web3 projects

Over the past year, Web3 game developers have received more than

In Web2-based online storage services. Filecoin and Storj are examples of leading Web3 projects that store data decentralized on the blockchain. Decentralized Identities As Web3’s adoption picks up in the coming years, decentralized identities are an avenue that could witness explosive growth. Unlike traditional identities that are centralized in nature and siloed, decentralized identities through Web3 wallets and other protocols make it possible to sign on and access all dApps across the ecosystem. Decentralized identities offer users greater control and privacy over their confidential information and intellectual property, are hard to hack or compromise, and eliminate the need to create individual accounts for each online service. A single account on a Web3 wallet like MetaMask or Halo Wallet can be used across hundreds, if not thousands, of decentralized apps.Importance of Web3 for Crypto Investors As discussed above, Web 3.0 is powered by blockchain technology - the same infrastructure supporting cryptocurrencies. Digital currencies and crypto assets like NFTs are used for monetary incentives within the Web3 ecosystem for user-generated content production.In addition to offering economic incentives, Web3 uses digital assets to decentralize governance. Token holders get voting rights in a DAO (decentralized autonomous organization) and have a say in how a particular dApp should function and evolve. This distributed consensus makes decision-making far more transparent and democratized than a centralized Web2 service. Cryptocurrencies democratize decision-making among network participants and offer a way to enable decentralization of ownership. Unlike centralized entities owned by a corporation, decentralized protocols belong to their consumers who use and engage with them. Crypto assets allow users to establish this ownership through issuing and managing native tokens.Conclusion: Is Web3 the Future? The next wave of the internet will focus on content creation and consumption and explore its value. This is where blockchain and crypto-powered decentralized networks offer the most promising use case - ensuring that any online service is engaging enough to sustain and grow while providing value that can be measured and quantified - for all stakeholders. Web3 offers a far more interactive engagement model, where businesses and consumers are involved and rewarded for their efforts. Unlike

Web3 projects have already lost billions to hackers this year

Cheaper, faster, and more accessible to people living in rural or low-income areas with limited financial services options. Alternative payment methods also offer opportunities for micropayments, as they are typically too small for traditional payment systems.Cryptocurrencies in Web3 banking also give rise to Decentralized Finance (DeFi) powered by blockchain technology. DeFi refers to a new financial technology providing users access to various financial services, including trading, lending, and borrowing. DeFi promotes peer-to-peer transactions, eliminating fees and the need for third-party intermediaries.Cryptocurrencies are commonly used in DeFi protocols to trade assets, pay interest rates and fees, and collateralize loans. Blockchain technology is a step forward for your business Our consultants will tell you about the possibilities of integrating modern technologies to reduce costs and increase profits. Book a free call-->-->-->-->-->-->-->--> Challenges Banks May Face with Web3 Implementation Accessibility Accessing the Web3 platforms could be a tricky task for some users. Even if you adopt Web3 into your banking projects, you may lose some customers who are not able to access your services or products. That is because of their location, the device they use, and so on. Web3 needs more time to become accessible. Security We are closing the gaps of Web2 step by step. Since web standards have been agreed upon, companies have started using standards and approved payment methods, so users have become less worried about its security. But Web3 is a new era, and regulations will only be developed over time, so early adopters of Web3 banking can face security issues. Education It took many years for companies and users to learn to use the web. Imagine how hard it could be for some users to adjust to new realities. And while Gen Z will be able to learn about Web3 faster, some users will need much more

More than 20 sucessful projects for the 2 years - Frontback

Information-dense way.The NFT project Pudgy Penguins, a collection of 8,888 penguins, started due to its meme-ability. The primary drop of the collection sold out in 20 minutes, and the collection was featured in major media outlets, which in turn helps mainstream such projects. The social display and community element of “PFP” (profile picture) collections — in web3 this is coming about as NFTs displayed as an owner’s profile picture on social media — also allow for this virality. Twitter recently rolled out a feature allowing users to prove their ownership of an NFT via hexagonal-shaped profile pictures linking to OpenSea’s API.Owners with large social media followings generate awareness of a project when they change their profile picture to one from that project, and project owners typically follow all other owners of the same project. These moves can in turn also beget other memes, as in the case of Crypto Covens and the “web2 me vs. web3 me” meme where users came to display their witches alongside their actual faces, signaling identity, belonging, and more.***So what does this all mean for web3 founders? The biggest mindset shift is moving from planning to something more like gardening.In web2 companies, founders not only set a top-down vision but are responsible for growing a team and planning and executing against that vision. In web3, founders take on more the role of a gardener, helping cultivate and nurture potentially successful products but also setting up the space for it all to happen. While web3 founders

Web3 Projects : Top Web3 Projects

Editing/writing/creating web3 related content. Passion for cryptocurrency and blockchain technology.Fluency in English is required to be able to coordinate with overseas partners and stakeholders. Additional languages would be an advantage.Strong attention to detail, with a commitment to delivering accurate and well-structured content.Proficiency in using content management systems and good understanding of SEO principles.Ability to work both collaboratively and autonomously in a fast moving environment.Why Binance• Shape the future with the world’s leading blockchain ecosystem• Collaborate with world-class talent in a user-centric global organization with a flat structure• Tackle unique, fast-paced projects with autonomy in an innovative environment• Thrive in a results-driven workplace with opportunities for career growth and continuous learning• Competitive salary and company benefits• Work-from-home arrangement (the arrangement may vary depending on the work nature of the business team)Binance is committed to being an equal opportunity employer. We believe that having a diverse workforce is fundamental to our success.By submitting a job application, you confirm that you have read and agree to our Candidate Privacy Notice.Listed in: Cryptocurrency Jobs, Web3 Web3 Jobs, Research Web3 Jobs, Trading Web3 Jobs, Exchange Web3 Jobs, Content Web3 Jobs, Senior Web3 Jobs, Security Crypto Jobs, SEO Web3 Jobs, Finance Web3 Jobs, Full Time Web3 Jobs.. Web3 projects have lost more than $2 billion to hacks this year The Role of Communities in Web3. Communities in Web3 are more than just a buzzword; they are the lifeblood of any successful project. Instead of waiting for years to go public, Web3 projects

Web3 needs PR, now more than ever

Allows users to catch the most important posts without time-consuming research. This also makes it possible to identify whether a project’s community is real or consists of bots. DegenKnows additionally lets users see the key opinion leaders in the NFT space that are following a given project. Once the scams have been filtered out and research on a given project has been done, users can utilize DegenKnows to set reminders for raffles and mints.Deeper analytics essential to the understanding of the NFT market The launch of DegenKnows comes hot on the heels of Reddit’s recent foray into the NFT space, which brought almost 3 million new users to the nascent market. With NFTs back in the limelight and enjoying mainstream adoption, DegenKnows is ready to offer users new advanced tools to help them navigate this sea of digital collectibles and keep abreast of recent NFT trends.“As Web3 and NFTs continue to see mainstream adoption, the tools dedicated to the sector should similarly evolve,” added Susie Batt. “With DegenKnows, we have created a platform that helps users get an edge in the NFT market by exploring the vibrant world of NFTs, tracking purchases from their favorite collectors, detecting the authenticity of tokens, and much more.”As Web3 continues to gain traction among the general public, it is getting increasingly challenging to get oriented in the burgeoning NFT space, especially for users who are just making their first steps in the world of digital collectibles. Apart from the plethora of NFT collections available today, there are also risks associated with malicious actors that often try to copy prominent projects by just adding “jpegs” to their custom tokens.As part of the launch, all users of the Opera browsers are granted Premium access to DegenKnows for free. Non-Opera users can access a limited free trial that will be available until the end of 2022.Elrond is currently supported in the Android version of the Opera Crypto Browser, with multi-device support coming later this year. The Opera Crypto browser currently supports NEAR tokens, with full Web3 support coming later this yearNo Investment Advice: The information provided by DegenKnows does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website’s content as such. Opera does not recommend that any cryptocurrency or NFT should be bought, sold, or held by users. Do conduct your own due

More Than Gamers Sold a Breakthrough Web3 Game and

Last updated: November 11, 2024 06:16 EST Hassan Shittu Journalist Hassan Shittu About Author Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in... Last updated: November 11, 2024 06:16 EST Why Trust Cryptonews Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews Immutable, a leading Web3 gaming platform with a 70% market share and over 400 games, has introduced a new in-game signing feature, Pre-Approved Transactions, designed to bring blockchain gaming closer to a Web2 experience. With the integration of transaction approvals directly into the game environment, Immutable aims to eliminate the need for players to navigate external wallets or interfaces. This inconvenience has traditionally hindered the smoothness of Web3 gaming.Introducing pre-approved transactions for Immutable Passport.We believe this is a huge step in making web3 gaming invisible, intuitive, and immersive for players.Through pre-approved transactions we are integrating blockchain approvals directly into the game's interface.A… pic.twitter.com/Aln31aLwsp— Immutable (@Immutable) November 11, 2024Immutable In-Game Signing: The Begining Of A New Era of Web3 Gaming?Immutable’s Pre-Approved Transactions allow players to stay within the game while conducting blockchain-related activities, such as buying, selling, and trading in-game assets. This feature removes the need to leave the game environment for transaction approvals, reducing disruptions to gameplay. Players can now seamlessly interact with in-game marketplaces and craft items without compromising the immersive experience. Immutable’s solution makes Web3 games feel more like traditional gaming. Its intuitive, game-native interfaces simplify blockchain interactions and create an uninterrupted gaming flow.This advancement promises enhanced control over the in-game experience for players, with integrated notifications and approvals, all within the same environment. With the addition of game-native notifications, players can expect clear and streamlined approval processes, ensuring the gaming experience remains engaging and immersive. These enhancements are said to help greatly bridge the gap between traditional and blockchain gaming. It does so by abstracting complexities entirely and making crypto elements. Web3 projects have lost more than $2 billion to hacks this year The Role of Communities in Web3. Communities in Web3 are more than just a buzzword; they are the lifeblood of any successful project. Instead of waiting for years to go public, Web3 projects

More Than Gamers Sold a Breakthrough Web3 Game

As the Enterprise stretches and bursts away faster than light, leaving behind two streaks against the darkness of space.Beyond that though, the Enterprise represents everything positive about humanities future in space. Sure it has weapons, but it's a vessel of exploration and discovery first and foremost - going boldly where no one has gone before.Buy the U.S.S. Enterprise model kit on AmazonJoin our Space Forums to keep talking space on the latest missions, night sky and more! And if you have a news tip, correction or comment, let us know at: community@space.com.Breaking space news, the latest updates on rocket launches, skywatching events and more!I've been a writer for over a decade, having written articles about gaming, technology and Web3. I've also written 15 books for children on videogames such as Fortnite, Apex Legends, Valorant, Roblox and Minecraft.I've recently been working within an AdTech company as a staff writer, covering Web3 technology, Virtual Reality, Augmented Reality and much more. I’ve written for Eurogamer, Kotaku, VG247, Pocket Gamer and PC Gamer, as well as many others. I’ve attended preview events, interviewed developers and celebrities associated with games and have over fifty reviews with my byline in the last year alone.I started in video games before moving to literature for a time. During my time working with books, I worked for Essex Book Festival, here, I spearheaded diversity in literature with a campaign covered by the BBC and national UK newspapers.More about space movies shows