According to Odaily, digital asset ETP provider ETC Group and ETF provider HANetf are set to collaborate on the launch of the ETC Group Web 3.0 Ucits ETF. This ETF is reported to be the first of its kind in Europe, with its primary objective being to provide support for companies dedicated to promoting the expansion of Web3. The ETF is currently involved in four major areas, including NFTs and tokenization, blockchain technology, the metaverse, and big data and artificial intelligence. The collaboration between ETC Group and HANetf aims to provide a platform for these companies to continue their work in these areas, thereby contributing to the growth and development of Web3 in Europe. This initiative is a significant step in the digital asset space, as it marks the first time an ETF dedicated to Web3 has been launched in Europe. It also highlights the growing interest and investment in the Web3 space, particularly in the areas of NFTs, blockchain technology, the metaverse, and big data and AI.

According to Odaily, Baxus, a player in the Web3 wine market, has announced the launch of a blockchain-based bottled product, BAXUS: Lehman Brothers Ch. 11. The product, supported by Blinks, is a limited edition with only 500 units available for sale. Each unit is priced at $200 and will be available for exchange in the fall of 2024. In earlier news from May, Baxus announced the completion of a $5 million strategic financing round. The round was led by Multicoin Capital, with participation from Solana Ventures, Narwhal Ventures, FJ Labs, and a group of angel investors. This funding round marked a significant milestone for Baxus as it continues to innovate and expand in the Web3 wine market.

According to Odaily, Mamori, a company dedicated to enhancing Web3 security, has successfully raised $5 million in a seed funding round. The round was led by Blockchain Capital. Mamori is committed to improving the safety of Web3 by developing an algorithm capable of identifying issues in blockchain software. The company's primary focus is on the development of a unique algorithm that can detect and rectify problems within blockchain software. This is part of their broader mission to enhance the security of Web3, a decentralized internet powered by blockchain technology. The successful seed funding round, led by Blockchain Capital, has provided Mamori with the necessary financial resources to continue its work in this area. The $5 million investment will be used to further the company's research and development efforts, with the ultimate goal of improving the safety and reliability of Web3.

According to Odaily, Japan's Prime Minister, Fumio Kishida, is set to deliver a speech at the international Web3 conference 'WebX 2024'. The conference is being planned and organized by the WebX executive committee. The announcement was made by the Japan Web3 Association, which operates the Japanese Web3 media outlet CoinPost. The participation of Prime Minister Kishida in the WebX 2024 conference signifies the growing importance of Web3 technologies in Japan and globally. The Japan Web3 Association, through its media outlet CoinPost, continues to promote the understanding and adoption of Web3 technologies in Japan. Further details about the conference, including the topics that Prime Minister Kishida will address in his speech, have not been disclosed yet. The WebX 2024 conference is expected to attract a global audience interested in the future of Web3 technologies.

According to Odaily, the Aptos Foundation and Alibaba Cloud are joining forces to stimulate the development of Japan's Web3 ecosystem. This collaboration has led to the launch of Alcove, the first joint-brand Move developer community in Asia, aimed at promoting smart contract programming languages in the Asia-Pacific region. The Aptos Foundation plans to utilize Alibaba Cloud's technology to host hackathons and educational activities. This initiative is designed to support emerging Web3 talents in the Alcove community in Japan, thereby accelerating the development of Japan's on-chain ecosystem.

According to Foresight News, the Web3 sector experienced significant losses in June due to vulnerabilities, hacking attacks, and scams. The losses amounted to approximately $198.3 million, making it the second-highest monthly loss in 2024. Additionally, about $1.3 million was returned during security incidents. The breakdown of the losses reveals that exit scams accounted for about $4.8 million, flash loan losses were around $23.5 million, and losses due to vulnerability exploits were approximately $171.3 million. These figures highlight the ongoing security challenges in the Web3 sector and the need for robust security measures to mitigate such risks.

According to BlockBeats, Wormhole has announced an upgrade to its multichain experience with the launch of Wormhole Governor V2 on June 29. This new mechanism focuses on net traffic to reduce latency and support more transactions while maintaining security. The main advantages of the new mechanism include improved transfer speeds through the identification of net traffic. This allows for more transactions without increasing governance restrictions, thereby reducing risk and better protecting vulnerabilities. The Wormhole Governor V2 is a significant step in enhancing the user experience in the multichain environment. By focusing on net traffic, the new mechanism aims to streamline operations and increase efficiency. This is expected to lead to a reduction in latency, which is a common issue in multichain transactions. Moreover, the new mechanism also aims to increase the number of transactions that can be carried out without the need for additional governance restrictions. This is expected to reduce the risk associated with transactions and provide better protection against vulnerabilities. In conclusion, the launch of Wormhole Governor V2 represents a significant upgrade to the multichain experience offered by Wormhole. By focusing on net traffic and reducing latency, the new mechanism is expected to improve the efficiency of transactions and provide better protection against vulnerabilities.

According to Odaily, Balance.game, a Web3 gaming ecosystem platform, has launched its V1.0 version and official website. The platform was created by the team behind E-PAL, a gaming companion platform established in the United States in 2020. The team has previously received investments from notable institutions and individuals. These include a16z, Galaxy Interactive, Steve Chen who is a co-founder of YouTube, Thomas who is a developer and director of 'League of Legends' (LOL), Marc who is a co-founder and CEO of Riot Games, and Michael from K5 Fund. The launch of the V1.0 version of Balance.game marks a significant step in the development of the platform, further expanding the Web3 gaming ecosystem.

According to Odaily, Galxe has announced that Web3 mobile infrastructure Jambo has been integrated into its GAL Staking ecosystem on the X platform. The company is set to release the rules and schedule for snapshots soon. Further details about the integration and the upcoming snapshot rules and schedule will be provided in due course.

According to Odaily, WOO has announced a partnership with Kontos to boost the development of key blockchain innovations and improve user experience and security. Kontos, utilizing zero-knowledge proof (zk) technology, has created a seamless cross-chain infrastructure. The WOO Innovation Center will assist Kontos in key market areas, providing users with an intuitive and secure platform for managing digital assets across networks. This collaboration aims to drive the growth of blockchain technology and enhance the safety and convenience of digital asset management.

According to Odaily, ZetaChain has announced that the Web3 developer platform Alchemy has extended its support to ZetaChain. Users can now deploy on ZetaChain's mainnet and testnet using Alchemy. They also have access to Alchemy's super nodes, subgraphs, and a complete set of developer tools. This collaboration aims to enhance the development and deployment process on ZetaChain, providing developers with a more comprehensive and efficient toolset. The integration of Alchemy's super nodes and subgraphs into ZetaChain's network will allow for more robust and efficient data handling, thereby improving the overall performance of the network. The addition of Alchemy's full suite of developer tools will also provide users with a more streamlined and efficient development process. This move is expected to significantly boost the capabilities of ZetaChain, making it a more attractive platform for developers.

According to BlockBeats, the Aptos Foundation is partnering with Alibaba Cloud to strengthen Japan's Web3 ecosystem and improve regional accessibility in the Asia-Pacific region. This collaboration has launched Alcove, the first co-branded Move developer community in Asia, to enhance accessibility and foster innovation across the region. Alcove's mission is to expand the influence and popularity of the Move smart contract programming language among excellent developers. The Aptos Foundation will leverage Alibaba Cloud's technology to host hackathons and educational events to support emerging Web3 talents in the Alcove Japan community and accelerate the development of Japan's on-chain ecosystem.

According to BlockBeats, the Algorand Foundation announced the launch of a new tool, LiquidAuth, at the Decipher 2024 conference in Barcelona. LiquidAuth is positioned as a decentralized version of WalletConnect. As a decentralized, free-to-use, open-source, and blockchain-agnostic authentication tool, LiquidAuth uses established standards and protocols to authenticate peer-to-peer communication between wallets and applications. The tool aims to address the risks associated with centralized wallet communication like WalletConnect, offering users enhanced security and privacy in their interactions. The Algorand Foundation's move to introduce LiquidAuth underscores the growing need for secure and private communication channels in the digital currency space.

According to Foresight News, API3, a decentralized Web3 oracle, has announced a strategic shift in its network development towards Arbitrum Orbit. The move is aimed at recapturing the oracle extractable value (OEV) of loan protocols. API3 is known for its decentralized nature and is a key player in the Web3 space. The shift towards Arbitrum Orbit is seen as a strategic move to enhance its capabilities and increase its value in the market. The company aims to recapture the oracle extractable value (OEV) of loan protocols, which is a significant aspect of its operations. The strategic shift is expected to bring about significant changes in the company's operations and its position in the market. However, the specific details of the changes and the expected impact on the company's operations are yet to be disclosed. The announcement has sparked interest in the industry, with many keen to see how the shift will affect the company's future.

According to BlockBeats, NodeOps has entered into a partnership with Port3Network, a unified operating system designed for launching artificial intelligence applications. This collaboration aims to leverage Port3Network's extensive network resources and professional experience to further expand NodeOps' influence within the Web3 community and establish connections with more users. NodeOps' integration with Port3Network is a strategic move to jointly explore the Web3 community and AI applications. This partnership is expected to bring about significant advancements in the field of artificial intelligence and blockchain technology. The details of the partnership and its potential impact on the Web3 community are yet to be disclosed. This partnership signifies a step forward in the integration of artificial intelligence and blockchain technology, potentially leading to innovative solutions and applications in the Web3 community. It also highlights the growing trend of collaborations between tech companies to leverage each other's strengths and resources for mutual growth and development.

According to Foresight News, Worldcoin has announced a partnership with Web3 infrastructure platform Alchemy. The collaboration aims to launch the World Chain blockchain in the coming weeks or months. The partnership with Alchemy will provide World Chain developers with access to a comprehensive and complete Web3 developer platform. This includes core and data APIs, indexing solutions, and a suite of other tools necessary to support their applications. The collaboration is expected to enhance the functionality and efficiency of the World Chain blockchain, providing a robust platform for developers.

According to Odaily, Blast has announced the focus of its next phase, which is the creation of a full-stack chain. This second phase will include the development of desktop and mobile wallets specifically designed for crypto natives. The company believes this could potentially offer a better user experience than Metamask. Additionally, Blast plans to implement certain incentive measures to accelerate widespread adoption of their new products. The company's announcement indicates a strategic move towards enhancing the user experience and expanding its user base in the crypto space.

According to Foresight News, Redacted, a Web3 entertainment and gaming ecosystem, has successfully raised $10 million in funding. The joint lead investor for this round was Spartan Group, with participation from other investors including Saison Capital, Animoca Brands, and Polygon Ventures. Further details about the investment or the plans for the utilization of the funds were not disclosed in the report.

According to Odaily, Web3 DApp SaaS platform InitVerse has announced a comprehensive upgrade of its brand. This upgrade includes a new UI design and creative logo, significantly enhancing the user interface and visual experience. In addition, the functionality of the Testnet website has been optimized, further improving the user interaction experience. The technical development of the Web3 DApp SaaS platform has entered an accelerated phase, with more innovative features set to be launched soon. InitVerse is an automated Web3 SaaS platform, with its core function being to enable one-click development and deployment of DApps, and provide advanced services to optimize the development process. With the support of INIChain and INICloud, InitVerse can dynamically adjust computing resources according to demand, achieve efficient task processing, and provide higher security, availability, and scalability.