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Web3 a hot topic at SXSW despite bear market and declining interest in NFTs

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Web3 was a major theme at SXSW 2023, yet previous hype around NFTs and building during a bear market may be contributing factors to Web3 adoption.

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Coin Market

Grayscale applies traditional finance models to AAVE, sees $175 value

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Grayscale and CoinShares are applying traditional valuation techniques to crypto assets as institutions explore revenue-generating DeFi protocols.

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Coin Market

Dorsey’s Block says new AI tool handles 15% of code work

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Builderbot is the “missing layer between AI coding tools and how engineering actually works at scale,” said Brad Axen, head of AI capabilities at Block.

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Coin Market

Florida man pleads guilty for promoting $1.8B ‘HyperFund’ crypto fraud

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Rodney “Bitcoin Rodney” Burton faces a maximum sentence of five years in federal prison for conspiracy to operate an unlicensed money transmitting business.

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