This is what happened in Web3 this week: Nike's .SWOOSH Web3 platform launched its inaugural NFT sneaker collection, generating over $1 million in sales, despite ongoing delays and technical challenges that impacted the user experience. Ava Labs, the company behind layer 1 blockchain Avalanche, is launching AvaCloud, a Web3 launchpad that helps businesses build no-code, fully managed blockchain ecosystems. STEPN, the Web3 move-to-earn game, is integrating Apple Pay to enable fiat onramp for in-app purchases, aiming for broader accessibility. ConsenSys Clarifies ‘MetaMask Wallet Does Not Collect Taxes on Crypto Transactions’, Dismisses False Rumors. China launches government-backed metaverse platform. Web3-Friendly Browser Brave Introduces NFT-Gated Video Calls. Emirati-based blockchain Bahamut goes live with the proof-of-stake-and-activity consensus, enhancing blockchain security with its PoSA consensus mechanism. Binance introduces “NFT Loan” feature for traders. Ethereum’s Layer 2 networks experienced a surge in mainnet publishing fees during May, reaching nearly 9000 ether or $16.2 million. NFT marketplace Blur’s NFT lender program Blend has facilitated nearly 16,000 loans for a total of 123,500 ETH, or $225 million, according to a report from Nansen. F1 Ticket Provider Platinum Group Introduces NFT Tickets for Global Racing Event. #web3thisweek #web3 #web3news #web3updates #web3crypto #web3🔥? #web30 #web3game #web3games Disclaimer: This is not financial advice. Video for educational purposes only, with rights reserved to original owners. No problem with removal upon request.