GM, Circle’s IPO has been talked about for a number of years, and finally it just took a big step to reality after the US firm—which issues popular stablecoin USDC—filed to go public on the New York Stock Exchange (NYSE). This week we’re digging into its
GM, This week we’re looking at the growing convergence between traditional finance and payments and the Web3 industry. This year alone, billions have been spent on acquisitions both ways and companies on both sides are likely to increasingly look like each other. Let’s dive in! Best, Jon and
GM, It’s been a month since Web3’s largest ever hack took place: ByBit lost $1.5 billion at the hands of North Korea-affiliated hackers. The audits are in, the real-time stories have been written, but what are the bigger takeaways from this catastrophic event? Our newsletter this week
Dropping 2-year-old Coinbase lawsuit signals a major shift in US crypto regulation
Our predictions for this year and our review of last year’s forecasts
GM, Happy New Year! We enjoyed a restful festive period here at SO WHAT and we are excited to be back. How excited you ask? Excited enough to 10X our annual recap, which includes 30 must-note topics from the year that was 2024. Stand by for our predictions, which will
We are excited to announce our strategic partnership with Varmeta, an end-to-end development studio building products with emerging technologies to revolutionize industries. This collaboration brings together Terminal 3's expertise in privacy-preserving verifiable identities with Varmeta's comprehensive capabilities in Blockchain and AI development. Together, we are set
GM, The world of Web3 is crazy at the best of times, but it’s been a particularly wild ride over the last few weeks since Donald Trump won the US Presidential election. The President-elect has said a number of positive things about crypto and Bitcoin generally—his win saw
Terminal 3 is officially live on Soneium to bring Web3 technologies to everyday users. As part of the Soneium community, Terminal 3 will support emerging Soneium-based projects with private, native digital identity, universal credentials, and decentralized storage solutions. By enabling seamless integration, Terminal 3 allows developers and builders on Soneium
BuckID, powered by Terminal 3 Identity, is officially live on BeraBucks.com. BeraBucks is a decentralized gaming platform designed to connect the largest gaming communities in one place. Built on BeraChain, BeraBucks offers gamers a space to engage and compete, while offering community-driven gaming brands an unparalleled loyalty and questing
GM, One of the most lucrative companies in Web3 today may also be one of the most controversial. This is not a company aiming to build a new internet, democratize financial services, or pursue other lofty goals. In fact, critics accuse it of enabling gambling, although some have praised it
GM, This past week has been dominated by Satoshi Nakamoto, after HBO released its long-anticipated documentary aiming to answer the question of who created Bitcoin. No spoilers just yet, if you haven’t seen the show, but the truth is that we don’t need to know Satoshi’s true
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This is probably the most important Web3 event in the world GM, It’s been a busy couple of weeks and we apologize for our absence. But we are back and recovered after a major week in Singapore. We returned to Token 2049 in the country known as Little Red
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At Terminal 3, we believe in the transformative power of Web3 technologies to enhance financial ecosystems. Since our inception, part of our mission has been to reduce friction between digital assets and regulated spaces by leveraging private identities and credentials. We aim not only to streamline processes but also empower
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GM, More than $1 billion has been wagered on the 2024 US election using a Web3 service that could break out into the mainstream. That figure is impressive, but it is even more notable considering the platform in question, Polymarket, is banned from offering bets on US soil. Welcome to
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GM, Telegram CEO Pavel Durov’s arrest on August 24 in France has sparked major discussions across the Web3 space. Governments across the world have raised their focus on Telegram and Durov, predominantly on the impact of its lack of content moderation, and the debate between privacy and anonymity. While
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GM, Bitcoin is the front door to Web3, but this month it has been a major talking point after one of the industry’s most controversial figures became involved in a key asset that bridges Bitcoin to the rest of Web3: that’s wrapped BTC, aka WBTC. This week we
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GM, $3 billion. That’s an estimation of just how much money North Korea has made from cryptocurrency hacks between 2017 and 2023. There’s no sign that the regime is slowly down, however. Last month, North Korea was thought to be the attacker that stole $235 million from India-based
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GM, Earlier this month, 150-year-old bank Goldman Sachs said it plans to launch its first tokenized funds. The news generated plenty of attention—but why? The premise is that tokenized funds will knock down the walls and allow anyone to enjoy access to financial instruments that are currently only for
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GM, Speaking your mind online can come at a price in some countries—even just indicating your preference can be costly in some, too. This week we are looking at how blockchain technology can have a tangible impact on free speech and opinion online. We’ve written about zero-knowledge proofs
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It may not have huge user numbers but its goal to connect social networks and apps fulfills an ambition Twitter once held Web3 social media service Farcaster raised eyebrows in May when it announced that it had raised a massive $150 million round that valued its business at $1 billion.
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GM, Web3 is all about taking unfair advantages. Last week, we looked at how Coinbase used its position as an industry bellwether and public company to develop the second largest Ethereum layer-two platform in less than a year. On a related theme, today we are diving into TON, the blockchain
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GM, Coinbase is one of the leading names in Web3. When it makes a move, the industry sits up. In August 2023, it launched a layer-two (L2) blockchain—designed to help make transactions on Ethereum 10X cheaper and significantly faster. The lofty goal is to onboard the next billion crypto
Verifiable Private Identity
A Verifiable Private Identity (VPI) is comprised of self-sovereign data (stored and accessed via an identity oracle) and privacy-preserving ‘identity assets’ such as Decentralized Identifiers (DIDs) and Verifiable Credentials (VCs).