“Web3” used to be an empty industry buzzword that described the next iteration of the internet. Web3 remains a frustrating buzzword in 2022. However, the Blockchain community has made it a priority to eliminate this annoying term. It should be given 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)? One crypto-focused SPAC closed its initial public offering (IPO) on Nasdaq. The company raised $115 million.

Framework Ventures dedicates 50% of its $400M funding to web3 gaming

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

CoinDCX, a crypto exchange that raises $135M to help Indian Web3 receives funding

SPAC that focuses on Crypto raises $115M through Nasdaq IPO

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