The United States securities regulator's proposal to tighten rules around crypto custody has been met with opposition from the Blockchain Association and Web3 venture capital fund Andreessen Horowitz. The Blockchain Association criticized the proposal, claiming that it would "drastically curtail investment in digital assets" and is "unlawful". Andreessen Horowitz called the proposal a "misguided and transparent attempt to wage war on crypto". The proposal would apply more stringent rules on investment advisors in the custody of assets, including crypto, and has even seen pushback from within the SEC.

DAOs have been a topic of debate since the hack of The DAO in 2016, and still face regulatory uncertainty due to lack of clarity on their legal status. However, they offer benefits such as community collaboration and a leaderless structure, and effective governance is necessary for achieving their goals. As DAOs continue to drive the emergence and advancements of high-performance blockchains, they also have the potential to facilitate a creator economy and unlock tremendous value for the future of Web3. Community-owned DAOs can support the collective potential of builders, entrepreneurs, and developers to create powerful and interoperable dApps.

Garan aims to provide a modern and immersive meditation experience for users around the world. By leveraging Web3 and blockchain technologies, Garan connects practitioners and devotees, helping to build positive relationships between them and fostering collective cultivation.

Its built-in NFT trading market will introduce a Bitcoin NFT section, supporting the display, minting, transfers, and trading of BTC NFTs based on the Ordinals protocol.

Bitcoin miners have received a boost in profits after the scheduled difficulty level adjustment resulted in a positive balance, which is the first time since February that the difficulty has decreased.

Despite the exponential growth of the Web3 industry, most universities are still hesitant to integrate decentralized finance and Web3 education into their curricula. The risks of exploring fast-developing Web3 technologies, including fluid regulatory environments and malicious actors, have made universities reluctant to invest resources in Web3 coursework. However, universities must prioritize Web3 literacy to decrease the latency in their curricula, focus on modern business and technology solutions to modern business problems, and prepare students for the increasing demand for blockchain-related jobs. By offering formal and experiential educational opportunities in Web3, universities can increase job placement rates, attract talent to campus, and build long-term partnerships with nearby accelerators or innovation centers. The Web3 industry is here to stay, and universities must catch up with the times to equip students with the skills to build and manage Web3 businesses.

The rise of Web3 has led to the emergence of a new generation of social media platforms that are built on blockchain technology. These platforms offer a range of new features and benefits that are not available on traditional social media platforms.

nChain, a world leader in Web3 and Blockchain technologies, today announces that it is investing $2.4 million and taking a 20% equity stake in Asset Layer, a complete digital asset platform powered by blockchain.

Alibaba Says ‘Open Sesame’ to Web3; NFT Lending Platform Blend Sparks Concerns Over Ecosystem Liquidity; Terra Founder Do Kwon’s Extradition to South Korea Likely; Meme Coin Frenzy Continues as Binance Lists $FLOKI and $PEPE

Chinese e-commerce giant Alibaba has revealed its plans to embrace Web3 technologies and explore new opportunities in the blockchain and cryptocurrency space.