Web3 (307)

It’s impossible to ignore the influence artificial intelligence (AI) is having on our lives today — and it's just the beginning. AI is also leaving its mark, inevitably, on crypto. To understand what's going on, here's our recap of five areas where AI is impacting crypto in a big way. 👇

DeFi (decentralized finance) keeps putting forward attractive alternatives to conventional financial offerings — those we can neatly place under the TradFi (traditional finance) umbrella. DeFi’s shiny

Embarking on your crypto journey is a bit like setting sail in a vast ocean of digital possibilities, where each ripple in the blockchain holds the promise of a new frontier. Central to this expedition is the selection of the right crypto wallet to securely store hundreds of crypto assets, like , , and . Beyond storing assets, a digital wallet also allows you to . The decision on which wallet will shape the security of your digital assets and crypto trading experience in the ever-evolving world of cryptocurrencies.

Cross-chain bridges are a powerful force in crypto, allowing for the seamless transfer of your digital assets from one blockchain to another. The tool aims to improve the compatibility of different blockchains, simplifying the transfer of assets between various networks.

Groundbreaking regulation for crypto April 2023 brought a turning point for the global crypto industry, with the EU's Markets in Cryptoassets (MiCA) Regulation. The new directives will govern cryptocurrency companies and the services they provide to users across all European Union states. MiCA became the first and only legislation of its kind in the world, and other nations are close to introducing crypto regulation of their own.

With Bitcoin gaining massive institutional interest and countries adopting it as a legal tender, the demand for regulated financial products for cryptocurrencies is growing. For instance, the bullish sentiment caused by the first Bitcoin futures-backed ETF in the United States — with over $1 billion traded on its first two days — indicates the growing market for crypto exchange-traded funds.

A powerful force is emerging in the gaming world — one that's poised to revolutionize how we play and experience games. Meet Fusionist, an innovative company that has secured substantial funding and is rapidly becoming a prominent player in the Web3 gaming domain.

What are inscriptions? Inscriptions are a powerful new method of storing images, videos, audio, text, and code directly on a blockchain. Similar to NFTs, you can view inscriptions as digital artifacts. For example, if we were to examine ordinals, the metadata is encoded on a satoshi, the smallest unit of . Ordinals are a means of tracking individual satoshis, which you can attach data to the blockchain by inscribing them directly on chain.

ERC-7579 has arrived with a promise to fine-tune existing standards, primarily ERC-6900, for a simpler and more supportive user and developer experience. At the same time, ERC-7579 aims to compliment capabilities, bringing fresh opportunities to the space.

Virtual reality (VR) has come a long way since the early days of Web1. VR experiences were as basic as a stick figure drawing back then. But as technology advanced and the web became more interactive,

Over the years, e-commerce has evolved from the static pages of Web1 to the dynamic platforms of Web3. In the early days of Web1, online shopping was a novelty, with simple sites that displayed produc

The conversation around crypto regulation is louder than ever in 2023, but the global picture is still evolving. Important steps forward have been made, including Europe’s [Markets in Cryptoassets (Mi

SocialFi stands at the crossroads of Web3 and social media, empowering regular users to take control of their digital footprint. At its core, SocialFi combines the principles of social media with decentralized finance (DeFi) , offering a platform where influencers, content creators, and participants govern their data while enhancing their ability to monetize user engagement. SocialFi aims to break free from the constraints of centralization, allowing users to own and navigate their content within the expansive SocialFi universe.

With its price volatility and hectic pace of innovation, one can often hear people chat about virtual assets, in the news as well as in life. But how much do you personally know about the space? In this article, we've compiled some of the most frequently asked questions about virtual assets — with their answers. Mastering these questions will make sure you're equipped to talk about the topic knowledgeably and, maybe, start dipping your toes!

Authored by Kiwi Yao, researcher @OKX Ventures When combined, smart accounts and intent create a powerful tool that allows you to manage your digital assets more efficiently. The ERC-4337 standard enables third parties to process order flows for you. This makes it simpler to carry out tasks while also improving scalability. The alliance between smart accounts and intent paves the way for more advanced interactions in the future.

Authored by Kiwi Yao, researcher @OKX Ventures The simplicity account abstraction (AA) brings to Web3 onboarding has seen the number of registered accounts soar during 2023. That could signal a bright future for Web3's mainstream adoption, as fresh use cases bring others into the latest iteration of the web. But what does the growth of account abstraction look like exactly, and what's caused it's recent emergence?

Authored by Kiwi Yao, researcher @OKX Ventures Multi-chain account abstraction (AA) solutions are a new and innovative way to interact with multiple blockchains. They allow users to create and manage accounts on multiple blockchains without having to worry about the underlying technical details, like having enough of the native tokens for gas payments. This makes it much easier for users to get started with blockchain technology and to use multiple blockchains simultaneously. There are two main types of multi-chain AA solutions: native support and ERC-4337 compatibility.

Authored by Kiwi Yao, researcher @OKX Ventures Account abstraction (AA) has been a hot topic recently in the crypto space for it's game-changing influence on managing individual accounts on Ethereum . By simplifying numerous pain points, this might be the proposal that lowers the barrier to entry for non-crypto natives. These benefits include decoupling transaction sources from signatures and giving users more flexibility in account security.

Bitcoin ordinals took the Web3 world by storm following their introduction in January 2023. The adoption of ordinals has been massive, with millions of inscriptions being created in the few months since launch.

Authored by Kiwi Yao, researcher @OKX Ventures The biggest obstacle to widespread crypto adoption is making the processes too complex. For instance, when a user's private keys are lost, their digital assets are gone forever. This could discourage many people from considering getting into crypto.

Authored by Kiwi Yao, researcher @OKX Ventures Since September 2021, when Vitalik Buterin proposed EIP-4337, the concept of account abstraction has been gradually introduced into mainstream Web3 wallets. OKX Ventures takes the origin of this concept as a starting point and systematically reviews the past, current status, and future opportunities of account abstraction.

Non-Fungible Tokens, or NFTs, took the crypto world by storm back in 2021. Since then, we’ve seen countless NFT collections launched all over the world. Around that time, one of the biggest and most popular collections to date emerged. The collection was called Bored Ape Yacht Club, and today, it's among the most valuable collections in the NFT world. This guide will explain what Bored Ape Yacht Club is and why it is so popular. It will also explain the Bored Ape ecosystem and how it works.

With a total market cap of more than $19 billion , GameFi and blockchain gaming seems to be making a comeback in the crypto scene as it once again seeks to disrupt the $175 billion global video games market. Titles like Axie Infinity and its more than $1 billion in total in-game asset sales have piqued the traditional gaming industry’s interest. So much so, we’re now seeing giants like and the GameFi sector.

Has 2023 become the year of token standards in the crypto space? One of the most notable developments is the emergence of the SRC-20 standard on the Bitcoin blockchain. Some say it's inspired by Ethereum's famous . Many believe that SRC-20 brings a new dimension to digital art and tokens on , offering a blend of innovation and tradition. That's just like another familiar token standard, BRC-20.