Tag: bybit

Bybit Axes More Web3 Services: What's the Real Reason Why?

Bybit Axes More Web3 Services: What's the Real Reason Why?

Bybit, one of the largest cryptocurrency exchanges in trade volume, has recently revealed its plan to wind down a range of its Web3 offerings. This order has opened up a pretty fascinating discussion within the crypto community. Now, people are asking why it happened and thinking about how it will...

Bybit Streamlines Operations, Shuts Down Multiple Web3 Services

Bybit Streamlines Operations, Shuts Down Multiple Web3 Services

Bybit, one of the world’s largest cryptocurrency exchanges, is retrenching in Web3. It will be shutting down a number of its services, including its NFT marketplace and Web3 Points loyalty program. It was a surprise move for the platform, which lost $1.4 billion in a hack in mid-February. Now, it’s...

Bybit's Web3 Exit: Betraying the Community or Building Something Better?

Bybit's Web3 Exit: Betraying the Community or Building Something Better?

Is Bybit rugging, or simply re-furnishing? So the shuttering of their Web3 initiatives – Cloud Wallet, NFT Marketplace, DEX Pro, the entire kit and caboodle – hurts. This hurts, and it’s most painful for the employees who were sold on Bybit’s Web3 vision. Countless others built their projects and livelihoods...

Bybit's Web3 Retreat: A Necessary Correction or a Sign of Trouble?

Bybit's Web3 Retreat: A Necessary Correction or a Sign of Trouble?

The Web3 dream – a decentralized, democratized internet – took another blow this week. This week, crypto exchange Bybit gave up on much of its own Web3 ambitions, shutting down NFT marketplaces, DEXs and other facets of its ecosystem. This move has generated excitement across the crypto community. Is this...

Mantra's OM Token Plunges 90% Following Mass Liquidations on Bybit

Mantra's OM Token Plunges 90% Following Mass Liquidations on Bybit

On April 13, 2025, the OM token, which is known as the native utility token of the Mantra platform, plummeted. As a result, its value dropped by an astounding 90%. The OM price quickly dropped from around $6.32 to a low value of $0.49. This collapse was precipitated by massive...

Web3 Game Dev Just Got Democratized, And Big Studios Should Be Scared

Let's be blunt: the gaming industry has become a bit of a walled garden. For too long, a handful of massive studios have dictated what we play, how we play, and even who gets to create. You, me, that kid down the street with the killer game idea – we’ve...

Self-Writing Internet: AI Revolutionizing Web3 App Creation

The convergence of Web3 and artificial intelligence (AI) technology is currently reshaping the digital landscape at an unprecedented speed. This change opens up new possibilities for creative applications and ecosystems. DFINITY is at the forefront of this revolution via its Internet Computer Protocol (ICP). It is at the forefront of...

Beyond the Hype: SoonChain and GPTVerse's AIGG and the Future of Web3 Governance

The excitement about SoonChain and GPTVerse’s AI Game Generator (AIGG) is through the roof. Everyone is talking about democratizing game development. Are we truly ready for it? Indeed, are we even asking the right questions about how this technology will shape the governance aka “the game” of Web3 itself.Who Will...

DFINITY's AI Web3 Revolution: A Governance Pandora's Box?

DFINITY's Internet Computer (ICP) promises a revolution: a "Self-Writing Internet" powered by AI. Now, imagine launching on-chain apps with just a few lines of text. They claim it takes one to two minutes from ideation to production application. Sounds like a dream, right? As with most technologies, those hopes can...

SoonChain and GPTVerse Forge Alliance to Advance AI-Driven Web3 Gaming

SoonChain and GPTVerse have entered a strategic partnership to transform the Web3 game development landscape. On the morning of April 23 rd, 2025, SoonChain tweeted about their new, epoch-defining partnership. Through this partnership, SoonChain’s AIGG (AI Game Generator) with GPTVerse’s proven cross-platform AI methodology will be integrated. Through this collaborative...

Web3 for Everyone: Is DFINITY's AI the Great Equalizer?

Forget everything you thought Web3 was all about. Lose the technical speak and the intimidating wallets! You don’t have to have a PhD in computer science to grasp that. DFINITY, with its Internet Computer (ICP) and the audacious "Self-Writing Internet" AI, might just be rewriting the rules and handing the...

Treasure DAO's AI Revolution: Agents, Games, and $MAGIC!

Treasure DAO is embarking on a brand new, thrilling adventure. It’s utilizing artificial intelligence (AI) to its ecosystem to enhance its gaming and NFT environment. In this strategic flip, autonomous AI agents are unleashed. It broadens the scope of its renowned flagship universes with the purpose of bolstering the utility...