A twice-weekly industry status report for the emerging news and trending topics surrounding the business of web3.
Top-Line Trends
Here are some of the leading stories so far for this week in web3:
Starbucks launches web3 initiative • Linux is launching Foundation to support development of open source digital wallets • Wall Street powerhouses Fidelity, Charles Schwab, and Citadel launching crypto exchange • SWIFT and Symiont to pilot corporate data blockchain • U.S. Federal Regulator to set up “Office of Crypto Assets” • Blockchain Association launches political PAC • David Bowie’s estate has royal excuse for not launching NFT • JPMorgan Looks to hire Web3 specialists • Web3 prepares ahead of the Merge.
The Rest of the Rollup
A curated list of the top news, opinions, and insights from every corner of the web3 ecosystem.
Business & The Blockchain
NFT collection y00ts pushes Solana trading volume to highest since May • Opera crypto browser adds web3 wallet selector • GameStop’s head of blockchain departs • Samsung launches metaverse and NFT activation • Doodles sales suge 1,200% • Blockchain use case: Textile supply chains • Blockchain use case: Pharmaceutical industry embraces the blockchain • Blockchain use case: Blockchain and insurance • Blockchain use case: Blockchain and Real Estate.
Finance/Investments
Regulators weary of fintech and banking industry’s increasingly close relationship • Analysis: Crypto impacted by Fed more than stocks • Opinion: Who would invest in DeFi when T-Bill yields are higher? • Spirit Blockchain announces it will begin trading on Canadian Securities Exchange later this month • Near Protocol initiates DeFi governance working group • Wio Digital Bank launches in UAE.
Gaming/Metaverse
Final Fantasy creators enter web3, some in gaming community not happy • Rarible partners with Immutable to broaden gaming NFT offerings • Ubisoft backs off web3 push a bit • Rockstar co-founder joins blockchain developer’s advisory board • Square Enix becomes validator for blockchain gaming firm Oasys • Metaverse and web3 games doing better than some expectations • How the Metaverse’s user experience will transform banking.
Entertainment/Art/Fashion
Universal Music Group enlists top producer for BAYC rock group Kingship • Ascension 7 media reveals plan for new digital platform targeted at benefiting artists • Near Protocol announces $100 Million web3 fund for entertainment, fashion, and sports • Web3-native fashion brands debut at NY Fall Fashion Week • Ripple XRPL NFT plans put on hold • Redefining filmmaking with web3.
Governmental/Legal/ Regulatory Compliance Updates
Hong Kong regulator allows investment firm to manage 100% crypto portfolio • More and more familiar brands filing web3 trademarks • Buenos Aires might implement blockchain systems to make social aid payments • CC0 and NFTs.
General Interest/Educational Content
Computer engineers leaving big tech/crypto for Wall Street • Challenges with building a reputation in web3 • Near Protocol launches regional hub in Vietnam • The Ethereum merge’s impact on the environment • What is web3 and why is it important • The importance of onboarding more women to web3.
Market State
Check the current state of the crypto markets at CoinMarketCap.
Blockchain BIOs
A live view into the project plans and progress reports for all ongoing Blockchain BIO projects
Community Corner
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The articles and opinions in this report are those of the original authors and are not legal, financial, or general advice otherwise. Always perform your own due diligence, and follow reasonable investment and security best practices when engaging with any financial or web3 instruments. For legal and financial guidance, please consult a qualified attorney or financial advisor.