The World Wide Web, as its name implies, is borderless, and so is crypto. The internet and cryptocurrency’s common ethos is wide-open communication and exchange, unimpeded by national boundaries. On the ground, however, as crypto has become a more significant player in the financial system, nations have begun to consider issues of sovereignty and regulation. While many countries have so far remained open to crypto, others have restricted its use or outright banned it. The same reason that some have advocated for crypto and blockchain technology — as a means of revolutionizing the international financial system — has alarmed plenty …

In the era of services like Netflix, Dropbox or Amazon Prime, it’s quite easy to forget about the times when customers were getting in line to acquire boxed digital products, like software or entertainment media, with one-time purchases. The age of annual fees started when consumer products turned into subscription-based services. The same transformation happened approximately a decade ago in the enterprise world when businesses reimagined ages-old solutions like enterprise resource planning or customer relationship management as ongoing services monetized via recurrent billings. Hence, the business-to-business (B2B) software-as-a-service (SaaS) model was born in the 2000s and disrupted the way enterprise …

Last year proved that the Web3 space is not just a phenomenon but rather the future of digital interactions. However, as pervasive as the space has become, many are still skeptical as to how it can and will be a part of their lives. Many developers are seeking ways to bridge the gap between these two iterations of the web. Cointelegraph spoke with Bruno Guez, the CEO of Revelator, to understand why he believes already existing Web2 financial tools like credit cards can actually be bridges to usher new users into Web3. Revelator, which works in the music industry that …

The nonfungible token (NFT) industry has experienced some market turbulence over the past few months, but this hasn’t stopped both Twitter and Instagram from making moves into an industry that some estimate could be worth $231 billion by 2030. This comes off the back of Twitter having recently announced NFT Tweet Tiles and Instagram releasing an array of different NFT-related tools, and many NFT enthusiasts are naturally starting to deliberate which one will come out on top as the go-to social media platform for NFTs. Going by their unique value proposition and recent events, it is evident that Instagram currently …

The image-hosting aspect of nonfungible tokens (NFTs) needs major improvements. First, people saw NFTs on FTX breaking after it declared bankruptcy. More recently, NFTs on the marketplace Magic Eden showed some questionable images instead of their actual thumbnails. As the problem continues to persist, Cointelegraph reached out to various industry executives to get their thoughts on how NFT projects can solve the NFT hosting issue. From using dependable blockchains to exploring the storage technologies available in the Web3 space, various executives working in the NFT industry gave their thoughts on how to avoid future problems in NFT image hosting. Samuel …

This year has been a particularly tumultuous one for the crypto market, with many decentralized and centralized entities failing or struggling to stay afloat. It feels as though we are in the final stages of the bear market, with bad actors and practices being purged in a process that is both dramatic and necessary for the maturity of the entire system. Despite this, the Web3 technologies that emerge from this crypto winter will change everything. Web3 represents the next evolution of information exchange, with similarities to the transformation from a largely agricultural society to a more industrial one. It is …

For the uninitiated, the world of cryptocurrencies and blockchain technology can be daunting, confusing and difficult to comprehend. Three industry experts and a skeptical economist explore the past, present and future of the burgeoning technology in a new online learning series. Masterclass is a web-based education platform that offers “classes” from subject matter experts in their respective spheres of influence. You can learn how to cook with Gordon Ramsay, explore the art of acting with Natalie Portman or master the tennis racket with Serena Williams. Its newly launched series on cryptocurrencies, blockchain and Web3 technology follows in the same vein. …

The FTX collapse highlighted many flaws in the crypto industry. Now, the effects of the FTX debacle have broken into the nonfungible token (NFT) space with users unable to view their FTX-hosted NFTs. In a tweet, Solana engineer jac0xb.sol pointed out how the metadata of FTX-hosted NFTs now points to a restructuring website that gives out information about bankruptcy proceedings. According to jac0xb.sol, the NFTs minted on FTX were hosted using a Web2 application programming interface (API), resulting in images not showing. After the FTX exchange filed for bankruptcy, the FTX.us domain was entirely redirected to the bankruptcy proceeding page. …

Web3 game publisher Fenix Games raised $150 million in funding to acquire, invest and distribute blockchain games. The fund will be used to create a game publishing company specifically for mainstreaming blockchain games. Fenix Games’ latest funding round saw participation from investors, including Phoenix Group and Dubai-based venture capital firm Cypher Capital, reported local news media Jinse. Chris Ko, CEO and co-founder of Fenix Games, who previously led Mythical Games, considers Fenix Games “like a VC fund” for fueling the next generation of blockchain games. Sharing details into the post-funding gameplan, Ko stated: “We’re actually going to start off with …

It's barely been a decade since the launch of Web3, and some are already talking about the next generation of the web — Web5. The concept of Web5 first emerged earlier this year with Jack Dorsey’s announcement about plans to build a decentralized web on Bitcoin's blockchain through Block subsidiary TBD. According to Dorsey's TBD white paper, Web5 will be “a trustless, decentralized internet platform where users own their data” as opposed to Web3, which is mostly centered around Ethereum and a select few centralized blockchain networks. It's easy to see why there is a need for change, but is …

Celebrating the myriads of accomplishments earned by the crypto ecosystem, Immunefi, Electric Capital, Bitscale Capital and MA Family together hosted The Bug House — a party for bringing together the global Web3 community. In a panel hosted by Cointelegraph editor-in-chief, Kristina Lucrezia Cornèr, sat with Mitchell Amador, founder and CEO at Immunefi and Brendan Eich, founder and CEO of Brave browser to discuss the evolution of Web3 and its future trajectory. “There’s a lot of Web2 in Web3. That’s a problem right now,” began Eich when asked about the ongoing Web2 to Web3 transition. From using trusted servers to sub-custody …

Disclaimer: This article is updated all day long. All time codes are in the UTC time zone, and updates are in reverse order (the latest update is placed at the top). Web Summit, one of the premier world tech conferences, is back live in Lisbon. The event brings together the founders and CEOs of technology companies, fast-growing startups, policymakers, and heads of state to discuss the future of the tech industry. In 2022, Web3 is one of the biggest topics of tech discussion, and Web Summit 2022 is no different. Cointelegraph has set up a team for the event to …