PYMNTS-MonitorEdge-May-2024

Web3

Bitcoin’s 14th Birthday Is No Cause for a Party
Bitcoin’s 14th Birthday Is No Cause for a Party
January 03, 2023  |  Bitcoin

The bitcoin network came into existence Jan. 3, 2009, spawning the cryptocurrency market industry. Among other things, the peer-to-peer (P2P) electronic cash equivalent system promised...

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Fidelity Investments Plans NFT Marketplace and Metaverse Services
Fidelity Investments Plans NFT Marketplace and Metaverse Services
December 27, 2022  |  NFTs

Fidelity Investments’ metaverse plans reportedly include developing an NFT marketplace. The financial services corporation has filed trademark applications for a non-fungible token (NFT) marketplace, metaverse...

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Former BlockFi Exec Joins Google’s Web3 Project
Former BlockFi Exec Joins Google’s Web3 Project
December 21, 2022  |  Personnel

A former BlockFi executive has left the company to work on Google’s Web3 initiative. Rishi Ramchandani, who stepped down recently after two-and-a-half years as BlockFi’s...

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Walmart Puts Pricey Blockchain Food Tracking Platform On Ice
Walmart Puts Pricey Blockchain Food Tracking Platform On Ice
December 19, 2022  |  Blockchain

Blockchain solutions for supply chain management and digitized traceability are increasingly on the chopping block. While tech crypto purists continue to tout the transformative potential...

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Metaverse Will Keep Getting 20% of Meta’s Investments 
Metaverse Will Keep Getting 20% of Meta’s Investments 
December 19, 2022  |  Meta

Meta will continue to devote 20% of its investments to its metaverse business.  While that share goes to its business devoted to such projects —...

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Stripe Launches Fiat-to-Crypto Widget for Web3 Developers 
Stripe Launches Fiat-to-Crypto Widget for Web3 Developers 
December 02, 2022  |  Payment Methods

Payments processor Stripe now offers a widget that provides a fiat-to-crypto onramp.  When the new customizable widget is embedded into a decentralized exchange (DEX), non-fungible token (NFT)...

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If Crypto’s Bull Market Made VCs Look Smart, What Happens Now?
If Crypto’s Bull Market Made VCs Look Smart, What Happens Now?
November 21, 2022  |  Cryptocurrency

Hindsight is 20/20, and its perspective is often brought into further clarity by regret. Just ask some of the venture capital industry’s most well-known firms,...

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Nike Dives Deeper Into Metaverse With ‘.Swoosh’
Nike Dives Deeper Into Metaverse With ‘.Swoosh’
November 14, 2022  |  Metaverse

Nike is continuing its investment in the metaverse with “.Swoosh,” a digital, blockchain-powered meeting place for athletes, collectors, creators and consumers. According to a Monday...

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Founders Unite to Connect African Tech Community, Plug Funding Gap
Founders Unite to Connect African Tech Community, Plug Funding Gap
November 10, 2022  |  Technology

Although African startups secured close to $5 billion in venture capital (VC) funding in 2021, double of what was raised year-on-year (YoY), it still pales...

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