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Increased On-Chain Activity Blockchain gaming has become a dominant force in the Web3 space, accounting for over 26% of on-chain activity in the third quarter of 2024. This surge is driven by approximately 4.4 million daily active wallets, underscoring the growing integration of gaming and decentralized technologies.
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AI Integration in Web3 The convergence of AI and Web3 is opening new avenues. Projects are exploring decentralized AI marketplaces, aiming to provide AI services in a decentralized manner, thereby enhancing user control and privacy.
Web3 Fashion Brand Closure Rtfkt, a Web3 streetwear brand acquired by Nike in 2021, has announced it will cease operations by January 2025. Known for its innovative approach to digital fashion and NFTs, the brand's closure highlights the challenges in sustaining long-term interest in fashion NFTs.