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Web3 (also known as Web 3.0) [1] [2] [3] was an idea for a new iteration of the World Wide Web which incorporates concepts such as decentralization, blockchain technologies, and token-based economics. [4]
On Jan 17 2025, the US Securities and Exchange Commission (SEC) filed a complaint against Nova Labs Inc., the company that operates the Helium Network, alleging that the company raised “millions of dollars from investors through its unregistered sales of securities in the form of “Hotspots” – electronic devices that “mine” one of three Nova Labs crypto assets.”
Web3, also called Web 3.0, is the name given to a decentralized web movement that is sometimes described as a "read/write/own" stage of internet development. It focuses on decentralizing the underlying infrastructure of the internet, shifting away from centralized data storage and management using new protocols and technologies.
The company has already experimented with blockchain-based technologies such as NFTs, or nonfungible tokens, which are essentially unique computer code meant to authenticate ownership of items.
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The company was launched by Star Xu in 2017. It is a global company with offices in Singapore, Hong Kong, the UAE, the Bahamas and the United States.. On April 11, 2018, the company announced its expansion to Malta, given the country's efforts to provide a sound regulatory framework for blockchain businesses and digital asset exchanges.
The Web3 revolution may be closer than you thought. The social media market is changing quickly right now, and the leading new platform is a decentralized app running on open-source software ...
Toncoin is the principal cryptocurrency of The Open Network (TON) blockchain, and in particular of its masterchain and basic workchain. It is used for transaction fees, securing the blockchain through staking, deciding how the network develops, gas payments (i.e., smart-contract message processing fees), and settling payments. [32] [33]