PARSIQ’s Unicornization Campaign open for entries with 30 April deadline for submissions

PARSIQ, a full suite data network for building Web3 dApps and protocols, has recently launched its Unicornization Campaign. Designed to propel innovation and further bolster the global blockchain ecosystem, the  campaign’s main focus is to invest in promising Web3 projects on the recently released Reactive Network, a parallelised interoperability execution layer for Ethereum Virtual Machine (EVM) ecosystems. The program is now open for enrollment and will accept applications until 30...

Google Play now supports Web3 experiences

Google Play is updating its policies to support “blockchain-based experiences” in recognition of Web3’s potential.

“As a platform, we always want to help developers bring innovative ideas to life. Google Play hosts a variety of blockchain-related apps, and we know that our partners are excited to expand on these offerings to create more engaging and immersive digital experiences with tokenised digital assets such as NFTs,” wrote Joseph Mills, Group Product Manager for...

Crypto developers plummet 22% despite increasing prices

Despite the positive price movement in recent weeks, the software development aspect of the crypto industry is trending in the opposite direction.

According to a report by venture firm Electric Capital, the number of active developers working on open-source crypto projects has declined by 22 percent over the past year.

In June, there were 21,300 active developers, compared to 27,200 the previous year. This decline may be attributed to developers finding more enticing...

Venom’s virtual hackathon kicks off in collaboration with DoraHacks, Developer DAO, and Hacken

The Venom Foundation has joined forces with DoraHacks, Developer DAO, and Hacken to initiate its premier virtual hackathon.

This groundbreaking event is designed to provide developers with the essential tools and resources to build on the cutting-edge Venom blockchain.

With registrations commencing on April 27th, 2023, the hackathon is scheduled to launch on May 8th, 2023.

Venom's Testnet Launch: A Catalyst for Innovation and Community...

Linux Foundation launches Open Metaverse Foundation

The nonprofit Linux Foundation has launched the Open Metaverse Foundation (OMF) to promote an open metaverse.

Current participating organisations of the OMF include the Cloud Native Computing Foundation, Futurewei, GenXP, Hyperledger Foundation, LF AI, LF Edge & Networking, Open Voice Network, Open Wallet, and Veriken.

When discussing the metaverse, it’s important to consider the history of the web.

The original vision for the web was a decentralised...

OpenWallet aims to support Web3 wallet development

The Linux Foundation has announced OpenWallet, an initiative to support the development of Web3 digital wallets.

“We are convinced that digital wallets will play a critical role for digital societies,” said Jim Zemllin, Executive Director of the Linux Foundation.

“Open software is the key to interoperability and security. We are delighted to host the OpenWallet Foundation and excited for its potential.”

OpenWallet aims to develop a secure and...

Game developer criticises NFTs at event sponsored by blockchain firms

A game developer surprised attendees of an event sponsored by blockchain firms by criticising NFTs.

NFTs (Non-Fungible Tokens) have become one of the blockchain industry’s darling use cases. The technology is primarily associated with art projects; with purchasers able to prove their ownership thanks to immutable records on blockchains.

Arguably, the most infamous NFT project is Bored Ape Yacht Club—which even recently featured in a music video by Eminem and Snoop...

Web3 projects lost over $2B to hacks in H1 2022

A report from CertiK finds that web3 projects lost over $2 billion to hacks in H1 2022—more than all of 2021 combined.

“2022 is already the most expensive year for web3 by far. From these numbers, 2022 is forecast to see a 223% increase in the funds lost to attacks when compared with 2021,” wrote CeriK in their report.

CertiK’s sobering report highlights the difficulties of an industry that pitches itself as returning to the decentralised ideals of web1 while...

Ethereum core developer encourages ‘The Merge’ testing

Tim Beiko, an Ethereum core developer, has taken to Twitter to encourage both developers and users to help test “The Merge” prior to the anticipated event.

The Merge is when Ethereum’s proof-of-stake testnet will merge with the platform’s mainnet—a highly complex endeavour that has been many years in the making. Short of any delays, it’s expected to take place in August.

Ethereum has $70.55 billion “locked” in its thriving decentralised finance ecosystem....

Web3: Ethereum leads in developers, falling behind in activity

According to a16z’s 2022 State of Crypto report, Ethereum is maintaining its lead in web3 developers but rivals are overtaking in activity.

The report opens with some history of the various web eras and why web3 has many people excited:

Web1 (~1990-2005) – Based on open protocols, decentralised, and community-governed. However, relatively basic in terms of functionality.Web2 (~2005-present) – Siloed, centralised services with value and content ownership granted to a...