There have been many important developments in the blockchain and cryptocurrency industry this week. We talk about five high-profile Web3 projects.

Google Cloud Announces Web3 Partnership with Tezos

On Wednesday, Google Cloud announced a partnership with the Tezos Foundation. This should stimulate the development of Web3 applications and new services. In addition, with Google Cloud it will be easier to become a validator on the Tezos network.

The proof-of-stake mechanism used by Tezos (XTZ) powers the protocol and helps reward validators. Google Cloud will be one of the validators.

Tezos is an open source blockchain based on proof-of-stake. It has over 2.3 million accounts and 158.6 million transactions. The project collaborates with major brands such as Manchester United, McLaren and Société Générale.

— “Tezos as an ecosystem has built a reputation for institutional and B2B onboarding,” — said Mason Edwards, Chief Commercial Officer of the Tezos Foundation. He added: — “This will allow us to bring institutions and even larger organizations into this space.”

Eclipse launches the first Polygon based Solana virtual machine

Polygon (MATIC), the leading Ethereum scaling protocol, has partnered with Eclipse to launch Polygon SVM, the first scaling solution for Solana. Eclipse is part of Polygon Ventures and has received a grant from the Solana Foundation. It will deploy the second layer blockchain Sealevel virtual machine (SVM) for Polygon SVM.

This is to port applications built for Solana to multichain in Polygon SVM. The new Solana-equivalent blockchain will provide superior speed for developers building DeFi games and apps.

— “We are very pleased that Eclipse has launched Polygon SVM on the Polygon Network. It will give developers a powerful new blockchain infrastructure,” — commented Urwit Goel, Vice President of Games and Platforms at Polygon Labs.

— “Our vision has always been to develop new modular blockchain architectures, and Polygon SVM is the latest addition to the ecosystem of advanced scaling solutions.” —

Veteran Web3 Dapper Labs lays off 20% of employees

Dapper Labs, the parent company of NBA Top Shot, is restructuring and laying off 20% of its staff. CEO Roham Garegozlow announced the decision to investors on Wednesday. He stated that for long-term growth, it is important to structure costs correctly.

Garegozlow said Dapper Labs is financially sound and has no outstanding debt despite previous layoffs.

The NBA Top Shot was one of the first major NFTs to grab the attention of the general public.

The court equated the non-fungible NBA Top Shot Moments tokens issued by Dapper to securities. However, Garegozlow confirmed that no decision on the merits had been made and the case would not be submitted for consideration.

NBA Top Shot is a blockchain platform for buying, selling and trading official NBA trading cards in non-fungible token (NFT) format. It was released in 2020 and was one of the earliest NFT collections from a major brand.

Web3 platform Audius teamed up with TikTok

Audius, the Web3 music streaming platform, has added support for TikTok. This became known on Thursday. Through the integration, new users will be able to create accounts on Audius by linking their TikTok profiles. They will be able to import their account, information and verification status. In addition, users will share Audius songs on TikTok and thus expand the audience of Audius.

Audius is a decentralized music streaming platform that opens up new possibilities for musicians and sponsors. It eliminates middlemen and allows musicians to retain copyright in their work. Audius does not take a share of the proceeds. Music sponsors can receive up to 90% of income in AUDIO — this is the platform’s native token.

Aptos launches accelerator with Outlier Ventures

The Aptos Foundation is accepting applications for the Aptos x Outlier Move accelerator. This is an in-person program that will take place at the Aptos Labs headquarters in Palo Alto. Developers building applications using the Move language will have an advantage.

Aptos Foundation, behind the development of the Aptos protocol, decentralized network and ecosystem. Aptos (APT) is a next-generation, first-level blockchain that uses its own Move programming language.

Web3 accelerators play an important role in the development of the ecosystem. They support startups in their early stages by offering them funding, mentoring, and other resources.

— “We see a strong connection between the Aptos Foundation and our goal to help educate and inform startups on how to improve and run their businesses and ultimately get a billion people into Web3,” — said Jamie Burke, founder and CEO of Outlier Ventures.

— “Now that more companies and users are starting to implement and use Web3 technologies than ever before, a new form of secure and efficient blockchain is needed. By partnering with the Aptos Foundation as part of the Aptos x Outlier Move accelerator, Outlier Ventures is leveraging its unparalleled deep knowledge and industry connections to provide tailor-made support to Web3 startups.” —

Subscribe to not miss new posts