web3

Thomas Kurian, chief executive officer of cloud services at Google LLC, speaks during the Google Cloud Next event in San Francisco on April 9, 2019.Michael Short | Bloomberg | Getty ImagesGoogle's cloud unit is forming a team to build services for developers running blockchain applications as the company tries to capitalize on the surging popularity of crypto and related projects.Amit Zavery, a vice president at Google Cloud, told employees in an email Friday that the idea is to make the Google Cloud Platform the first…

Binance is the world's largest crypto exchange, handling billions of dollars in trading volumes on a daily basis.STR | NurPhoto via Getty ImagesBitcoin exchange Binance's move to participate in Elon Musk's $44 billion takeover of Twitter could boost digital currency evangelists' hopes for the development of a more "decentralized," crypto-friendly social media platform.Binance plans to invest $500 million in equity funding as part of a $7 billion financing pledge to support the Tesla CEO's bid to buy Twitter. Oracle…

NEW DELHI : Policy makers, industry veterans, and senior executives will share their insights on the power of digital transformation with the help of emerging technologies such as AI and web3 at the Mint AI Summit today in New Delhi. There are three primary reasons for organizing such an event. First, the government understands the power of AI and wants India to be a superpower in this space.  In 2020, for instance, while speaking at the Responsible AI for…

Ubisoft is continuing its foray into new frontiers in the Web3 domain, announcing a partnership with metaverse platform The Sandbox, which will see the company bring its notable game franchises into the Ethereum-based game world. Ubisoft will launch its interactive space in The Sandbox with its Rabbids franchise, bringing in blocky recreations of the goofy, rabbit-like alien creatures that users can utilise within the game's VoxEdit and Game Maker tools. The publisher also plans to bring other IPs from its sizable…

Bandai Namco, the Japanese video game publishing giant, has now revealed that it is working on a new development project, one that could see characters and settings from Dark Souls, Dragon Ball Z, and Elden Ring all collide in the metaverse, in a bid to allow fans to interact across its different IPs through a shared interface. The Tokyo-based publisher has stated that it will invest $130 million (roughly Rs. 980 crore) on the project, labelled "IP Metaverse", as part of the company's new mid-term plan, which outlines its…

WazirX Co-Founder and Chief Operating Officer Siddharth Menon and Indian game development firm SuperGaming on Tuesday launched Tegro as their Web3 game ecosystem marketplace. The new offering is aimed to create standalone markets for gamers, traders, and institutional investors where they can trade, hold, and play with their game assets. It is also touted to help protect players and investors with a sustainable economy model. Web3 has emerged as a nascent space for gamers where technologies including blockchain and…

In a bid to consolidate its growing presence in the area of blockchain gaming, Web3 investment giant Animoca Brands has now completed the full acquisition of Melbourne-based game developer Grease Monkey Games — a studio that has developed a host of popular motorsport titles such as Torque Burnout and Torque Drift. Established in 2013, Grease Monkey Games' current pipeline of upcoming titles includes a major cross-platform racing game built with Unreal Engine 5 and moving forward, the game studio will be working closely…

Minecraft, the massively popular sandbox-style game that was acquired by Microsoft in 2014, has received a Web3 update thanks to developers at crypto-gaming project NFT Worlds. It is a project built on third-party Minecraft servers with a Polygon-based overlay and it is on the Ethereum sidechain that offers low gas fees for the users. The layer aims to create a metaverse-like experience that's available to the 141 million users who log in monthly on average to play Minecraft.The NFT Worlds' blockchain layer on Minecraft…

PUBG-developer Krafton has struck a deal with Solana Labs, stirring up rumours about its potential plans to add crypto and NFT elements to its games. As part of the partnership, Krafton has secured official rights to build blockchain games on Solana networks. These games are likely to have a metaverse feel, supporting interactive digital avatars along with crypto-related rewards and services. The deal comes under the backdrop of Krafton accelerating its efforts to keep with the emerging Web 3 sector.South Korea-based…