Web3 continues to attract significant funding, underpinning its growing presence across industries. Recent funding rounds suggest a blockchain infrastructure and automation focus.
Notable Projects and Investments
• Gelato Network: Closed an $11 million funding round for developing blockchain automation tools that make dApps more efficient and scalable.
• Compliance Tools: With increased regulatory oversight, Anti-Money Laundering (AML) solutions are being incorporated into Web3 projects. These tools are helping platforms make sense of compliance without losing decentralization.
Mainstream Integration of Web3
Beyond infrastructure, blockchain technology is being infused into traditional industries:
• Team Liquid: The esports organization launched a fan engagement platform on the Sui blockchain, illustrating the application of Web3 in enhancing user experiences.
• McDonald's Collaboration: Collaboration with Doodles, McDonald's explores metaverse branding-a hint at the fact that global companies have started recognizing the potential of blockchain and NFT in marketing.
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