Web3 Weekly Digest: July 15th 2024

The number of crypto holders is set to triple by 2026, reaching over a billion users! This surge means huge opportunities for integrating crypto and Web3 tech, but user experience remains a key challenge. With mainstream adoption on the horizon and stablecoins playing a crucial role, now is the perfect time to innovate and prepare for the crypto boom.

Square Enix has invested in Soccerverse, a soccer management game on the Polygon blockchain, raising $3.1 million and bringing total funding to $4 million. Founded by industry veterans, Soccerverse uses blockchain to create a player-owned economy and is currently in open beta.

Digital assets flourished in H1 2024, with a CME Group and Glassnode report highlighting a 370% surge in Bitcoin's market cap to $1.33 trillion and Ethereum's valuation rising by 267% to $451 billion. This growth, driven by increased institutional interest and spot bitcoin ETF approvals, underscores digital assets as a vital asset class.

The Internet Computer Protocol (ICP) is making waves with its DecaHack event, urging Nigerian youths to dive into blockchain technology for a competitive edge. This initiative not only showcases the transformative potential of blockchain but also offers online boot camps, hackathons, and pitch competitions, with top startups earning up to $25,000 in grants.

The new MetaMask Delegation Toolkit simplifies your interactions with dApps by integrating wallet functionalities directly, eliminating the need for separate browser extensions or apps. With features like secure delegation of actions via audited smart contracts and alternative authentication methods, MetaMask is making it easier and safer to navigate the blockchain. This alpha release is a big step toward broader adoption, so keep an eye out as they refine it based on user and developer feedback!

Trending News

@Trend_War_Newss

Percussion massagers for playing “hamster” are being bought en masse in the Russian Federation

The massager is used for Hamster Kombat, a game on Telegram where you need to quickly tap on the screen and for this you are given virtual currency.

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7:41 PM • Jul 9, 2024

Players of the viral Telegram game "Hamster Kombat" are snapping up massage guns to supercharge their tap-to-earn rewards, leading to a massive sales spike for these gadgets in Russia. With the game attracting 239 million players in just three months, this creative hack highlights an important question...Is this type of approach sustainable for web3 games? Does this boost in digital earning potential seem fair? How will this impact the sustainability of the game or similar games in the future?

This community-driven tool offers a detailed overview of the crypto ecosystem, categorizing over 1,500 projects into six layers—from core infrastructure to end-user applications. Designed to help you make informed decisions and understand the industry's complexities, this map highlights significant projects and their contributions, making it a resource with much potential for creators navigating Web3.

Seattle-based VivoKey Technologies is offering subdermal crypto wallets, letting you stash your Bitcoin literally under your skin using NFC and RFID technology. These pill-sized Apex wallets securely store private keys and facilitate transactions via a phone app interface, merging biohacking with crypto security.

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