Web3.0

Making Web3 and Cryptocurrency Socially Beneficial

Wednesday. August 28 at 2:00 AM

1 min. read

Gavin Wood, the co-founder of Ethereum, Polkadot, and Kusama, aims to transform Web3 technology and cryptocurrency into a socially beneficial public good. He envisions a future where cryptocurrency transactions are free of fees to truly fulfill Web3's purpose. Wood is working on a unique Web3 identity solution called proof-of-ink, using tattoos, to make crypto and Web3 accessible globally. Initially, Wood and Vitalik Buterin considered eliminating the Ether token from Ethereum in 2013 but later retained it as an anti-spam measure and fundraising tool. Despite Ether's importance, developers must separate it from the Ethereum network to onboard Web2 users to Web3. Wood sees Polkadot's JAM chain as a model for achieving free cryptocurrency transactions, essential for the widespread adoption of Web3 technology.

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Transitioning to Web3: U2U Network's Decentralized Solutions

Friday. November 1 at 12:30 AM

Chloe Phung, co-CEO of U2U Network, discussed the growing interest in projects like Filecoin and the challenges of achieving growth in the Web3 space. U2U Network, supported by KuCoin Ventures and others, focuses on decentralized resources like VPN and GPU. Their decentralized VPN, U2DPN, has attracted over 60,000 users globally. The network boasts a high-performance layer-1 platform with a Direct Acyclic Graph and Helios consensus protocol for security. Through subnets, U2U Network offers a sharing economy model for node users, encouraging participation and decentralization. The network's public node sale was a success, selling out within hours. To sustain decentralization, U2U rewards node operators with tokens. Phung emphasized the importance of community contribution and the need to cultivate demand for decentralized resources. Despite challenges as a female founder in the tech industry, Phung remains optimistic about the future of women in Web3 startups.

Web3.0

Hitachi Introduces Web3 Development Solution

Wednesday. October 30 at 8:00 AM

Hitachi, through its subsidiary Hitachi Solutions, has launched a Web3 development solution providing comprehensive support from training to platform commercialization. The solution includes classroom training on Web3 concepts, business consultation, use case study creation, and infrastructure development services. Notable offerings include software-as-a-service cloud computing and platform-as-a-service using Hyperledger Besu and Consensys GoQuorum. Hitachi Solutions has been active in the blockchain space since 2016, contributing to Hyperledger and partnering with Consensys. Despite its presence, it has yet to establish itself as a major player. In contrast, Sony made waves in the Web3 sector with its Soneium blockchain launch. Japan also boasts homegrown blockchain companies like Mitsubishi UFJ Financial Group and Soramitsu, which have been involved in stablecoin and central bank digital currency projects in Asia and the South Pacific.

Web3.0

Japan's Web3 Transformation by Monex Group

Wednesday. October 23 at 9:00 AM

Japan's government actively supports Web3 as a national policy, creating a conducive environment for Web3 businesses. Monex Group, in an exclusive interview with CryptoSlate, highlights Japan's tax reforms, legal positioning of DAOs, and support for Web3 events. Since 2017, Japan has mandated registration for cryptocurrency exchanges to ensure user safety. This regulatory clarity has led to innovations like stablecoin issuance. Large corporations like NTT Docomo and Square Enix are entering the Web3 space, signaling Japan's Web3 ecosystem's maturity. Monex Group, a financial holding company, offers various crypto-related services and has a Web3 consulting business. Their expertise includes NFT projects and community building. Monex's OASIS project, operating across multiple metaverses, has attracted a large community. The company's insights from OASIS are leveraged to support other organizations entering Japan's Web3 market. Monex Group actively participates in industry events, showcasing its expertise and services in the evolving Japanese Web3 market.

Web3.0

Integration of Polimec with Banxa for Web3 Fundraising

Saturday. October 19 at 10:00 AM

Polimec, a decentralized Web3 fundraising protocol on Polkadot, has partnered with Banxa, a fiat-to-crypto gateway, to enable users to invest in blockchain projects using credit cards. This integration simplifies the process of converting fiat currencies into tokens like USDT, USDC, and DOT for blockchain fundraises. By bridging traditional finance with decentralized finance, Polimec aims to provide seamless access to Web3 investment opportunities. The collaboration with Banxa reduces barriers to entry for both experienced and new investors, making the onboarding process more inclusive. Polimec is committed to enhancing user experience and accessibility, with plans to introduce additional features to streamline the investment process. With Banxa's integration, Polimec is moving closer to its goal of making multichain Web3 investments more accessible globally. The protocol's permissionless fundraising infrastructure ensures transparent and fair access for all investors.

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