Odsy Foundation, a non-profit organization based in Zug, Switzerland, has raised $7.5 million in Seed funding to expand its operations and development efforts. The funding round was led by Blockchange Ventures and included participation from Rubik Ventures, No Limit Holdings, Node Capital, Insignius Capital, FalconX, SolrDAO, TPC, and others. The Odsy Foundation is dedicated to fostering and developing the Odsy Network ecosystem, which provides a secure and programmable access control layer for all of Web3 through dWallets. Despite still being in development, there are already over 10 projects actively building in the Odsy ecosystem, many of them VC-backed.

Alibaba Cloud has partnered with Avalanche, a layer-1 blockchain, to offer its clients a launchpad called Cloudverse. This will enable businesses to customize, launch and maintain their own metaverse spaces on Avalanche's blockchain. MUA DAO, a service layer, will help implement the integration and customization for metaverses. The partnership aims to make it easy for Alibaba's partners to be a part of web3 and create customizable blockchain solutions through the Cloudverse. The technology has been made “very easy” and all of the tools are open source, said Emin Gün Sirer, the founder and CEO of Ava Labs.

UQUID, the world's first Smart Shopping Market on Web3 and Metaverse, has announced that SHIB tokens are now accepted for mobile top-ups and other e-commerce services. This integration will allow SHIB token holders to use their tokens to top up airtime on their phones, shop online, and explore the upcoming SHIB metaverse. The community of passionate SHIB supporters, SHIBARMY, is excited about this new development, given that adding SHIB to UQUID's payment options is a major step forward for Shiba Inu. Additionally, Nuxgame has integrated CoinPayments' crypto payment gateway to allow users to make payments with SHIB, tapping into the rapidly growing crypto market and attracting a new generation of gamers who prefer digital assets like SHIB for transactions.

Open Digit and Alibaba Cloud jointly organized the "Web3 Opens Up A New Era of Digital Commerce" event in Chengdu, which brought together builders from Web3 teams, game developers, digital business industry institutions, and other related organizations to explore new trends and opportunities for the development of digital business based on Web3 underlying technologies and infrastructure.

This article introduced ChiChaPay, which is an all-in-one payment infrastructure that connects fiat and cryptocurrency economies, allowing consumers and merchants to seamlessly transact worldwide. It offers low fees, flexible payment options, and a pay-to-earn Learn-to-Earn Dapp, which incentivizes adoption and learning in Web3.

EtherMail, a Web3 email solution that enables anonymous and encrypted wallet-to-wallet communication, has announced a strategic partnership with the Smurfs’ Society, a Web3 adventure based on the Smurfs franchise. The partnership will leverage EtherMail's Web3 solution to segment NFT holders based on their NFT’s rarity traits and allow the Smurfs to maintain direct communication with NFT holders. Smurf NFT holders will be eligible for VIP events, private sales, unique rewards, and members-only games and challenges. EtherMail has experienced rapid growth since its launch, onboarding more than 500,000 users and establishing partnerships with popular NFT projects. Earlier this year, EtherMail secured a $4 million pre-Series A funding round led by Tim Draper and Draper Associates.

Web3 crowdfunding platform Artizen has raised $2.2 million to support creators working at the intersection of art, technology, science, and design. The funding round included contributions from leading Web3 funds, such as Consensys Mesh and Protocol Labs, as well as individual investors. Artizen enables creators to sell unique works of art called Artifacts to fund their projects, with Artifacts holders able to vote on which future projects should be featured on the platform. The project with the most sold Artifacts at the end of a season receives a cash prize, with this season's prize set at $23,492.

Utility Network is a novel distributed blockchain network technology based on TPU (Tensor Processing Units) chip computing power. It combines peer-to-peer payments and verifiable decentralized computing for parallel computing, bringing revolutionary changes to the blockchain network ecosystem and computing market.

The author of this article is exploring the potential use cases of cryptocurrencies beyond traditional currency definitions, particularly in the area of Web3. Web3 introduces the concept of ownership to the internet, allowing users to have control over their data and payments on a peer-to-peer basis. This is significant because personal data is valuable to third-party businesses, and Web3 would enable users to have complete ownership and control over their data and content.

Immunefi CEO Michell Amador has highlighted the cost of staffing a 24/7 security desk to respond to reports from white hat hackers. While bug bounty programs pay independent security engineers for catching exploitable errors in code before they turn into a hack, it can be difficult for companies to maintain constant coverage. Immunefi aims to provide this service for Web3 clients, estimating that security scams cost the community around $4 billion in 2022 alone. Amador has also considered the potential of artificial intelligence in the industry, but believes it is still a long way from being able to replace human security engineers.