Weekly Highlights June - 20/06/22
We are not even done with Web 3.0 yet, and someone is already planning to build Web 5.0. That someone is Jack Dorsey. The former CEO of Twitter is planning to create a new decentralized internet platform termed Web 5.0, and it will be based on blockchain technology.
This week sees further investments pour into the Web 3.0 space as more traditional and new-age companies seek a piece of it. Here are some exciting highlights of the third week of June.
Unstoppable Domains Partners With City of Miami to Offer Free Web 3.0 Education for Miami Citizens
The Unstoppable domains are not only a leading Web 3.0 digital identity platform but also a decentralized domain name provider with 2.4 million registered usernames. In addition, its partnership with the City of Miami’s Venture Miami team will aid in the acceleration of its local education effort on Web 3.0 topics.
From June 17 to 19, 2022, Venture Miami hosted its “Miami for Everyone” Web 3.0 education event at Miami Dade College. With this opportunity, the community could engage in an inclusive environment to learn about Web 3.0.
The event featured an Hackaton, networking possibilities, and even full-time workshops to cater to people of all ages, levels, cultures, and skills.
Polygon Studios Launch Web 3.0 Platform eDAO
Recently, Ethereum’s Scaling Platform “Polygon” has announced the launch of eDAO. eDAO is an organization set up to design and launch global art, media, and entertainment IPs (Intellectual Properties) at scale, incorporated into the Web 3.0 space.
With eDAO in play, it will be possible to develop a unified community with one access point to a wide variety of cultural and entertainment experiences within the Web 3.0 ecosystem.
Its series of backers includes a myriad of angel investors and venture capital like Alphawave, Brevan Howard, Jump Capital, CEO of Polygon Sandeep Nailwal, and Polygon Studios itself.
Kaleidoco Raises $7M to Blend Web 3.0 and AR Entertainment
In another move to transcend into the new stage of internet development, an AR and Web 3.0 company known as Kaleidoco has successfully raised fresh funds to the tune of $7M. It all happened after the debut of its Metaverse platform, Particle Ink, unveiled at the beginning of the TED2022 event, followed by its AR installation live in Las Vegas.
The brain behind the company is Cassandra Rosenthal and Jennifer Tuft, with several years of experience in the film industry. Many top investors in the blockchain gaming community are backing the platform in the latest round of fundraising, such as SuperChain Capital, Merit, Animoca Brands, GameFi, Merit Circle, etc.
Mastercard to Implement Payments for Digital Assets and Web 3.0 Projects
Another traditional Web 2.0 company is catching the Web 3.0 fever as MasterCard recently announced several working relationships with some digital assets and Web 3.0 companies. This new development will allow users to use MasterCard to buy products from these companies.
Going by the statement made, MasterCard is directly working with Candy Digital, Nifty Gateway, Mintable, Immutable X, The Sandbox, and Moonpay, a Web 3.0 infrastructure provider. This new development will allow users to purchase digital assets from these companies using MasterCard as well as to enter the Web 3.0 and digital assets space without the need for the tedious process of crypto conversion.
More traditional Web 2.0 companies are transitioning to Web 3.0, and it looks like many more could be on the way too. The evolution of Web 3.0 is well and truly underway, and you can expect more changes as it starts to take shape.
This concludes this week's highlights. Be sure to join us next week for more interesting developments!