“Web3” used to be an empty industry buzzword that described the next iteration of the internet. Web3 may still be a jargon in 2022 but the community of blockchain developers is working to make it less annoying. Give it real-world utility.

This week’s Crypto Biz newsletter features several major funding rounds dedicated to building the Web3 economy. After reading through the stories, you can decide whether we’re actually getting closer to defining Web3. Remember all the hype surrounding Special Purpose Acquisition Companies (or SPACs)? An SPAC that is crypto-focused just completed an Initial Public Offering on Nasdaq. It raised $115 Million.

Framework Ventures donates $400,000 to support Web3 gaming

KuCoin funds companies that back Web3 development fund of $100M

CoinDCX Crypto Exchange raises $135M in funding for Indian Web3

SPAC with a focus on crypto raises $115M for Nasdaq’s IPO

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