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This Week in Web3 - August 5th.

Welcome to the inaugural This Week in Web3. At the end of every week, I’ll be bringing you the can’t-miss stories from the wonderful world of blockchain tech.

My name is Roberto Nickson, founder of Metav3rse and co-founder of MV3.

The top story from the week is from Meta.

NFTs on Instagram go Global.

In a post by Zuck, Meta has announced the beginning of their international expansion of digital collectibles on Instagram.

As part of the expansion, more people, creators, and businesses in more than 100 countries in Africa, Asia-Pacific, the Middle East, and the Americas will be able to share their NFTs on IG.

This feature allows people to connect a digital wallet, share digital collectibles (NFTs), and automatically tag both a creator and collector for attribution.

Coinbase Wallet and Dapper Wallet integration has also gone live this week on the platform.

https://twitter.com/instagram/status/1555253469275045888

Starbucks is launching their Web3-based rewards program next month.

There is no bigger adoption news than Meta embracing the future of NFTs, bringing them to their 3B users. But not far behind, is Starbucks harnessing the power of the blockchain.

https://twitter.com/TechCrunch/status/1554958645376557056

The $190M Nomad Hack.

In one of the most chaotic hacks the crypto space has ever seen, the Nomad bridge was compromised, resulting in over $190M lost.

https://twitter.com/samczsun/status/1554252024723546112

Slope wallet exploit shakes the Solana ecosystem.

On Tuesday, there was a widespread Solana private key compromise. The crypto space went into panic mode, as the cause of the hack was not found out until the following morning. Over 8,000 wallets were compromised, resulting in over $8M drained.

https://twitter.com/0xfoobar/status/1554881291451088896

Tiffany & Co. sells out of their 250 NFTiff’s.

The collection has a supply of only 250 and was priced at 30 ETH each ($50K USD).

Buying the NFT will also include a redeemable physical pendant designed and crafted by Tiffany & Co. artisans, resembling the owner’s Cryptopunk.

https://twitter.com/TiffanyAndCo/status/1555559871289798656

MagicEden adds support for Ethereum.

The world’s largest Solana marketplace has officially added support for Ethereum NFTs.

https://twitter.com/MagicEden/status/1554497669032206336

MV3 Announces Public Sale

In MV3, we’re building a Universe - the next great franchise birthed from an NFT collection, where holders can directly participate in the upside of the IP.

Our public sale will go live 8/8. More details to be covered on today’s Twitter space at 4PM EST.

https://twitter.com/rpnickson/status/1554859102735515648


This Week in Web3 is free to subscribe. Follow me on Twitter and Metav3rse on Instagram to stay up with the latest on Web3.