February 6, 2023

Businesses and individuals in the Web3 industry lost nearly $4 billion to fraud and cybercrime last year, according to a new report.

Web3 is the idea behind the possible next version of the internet, built on decentralized solutions, blockchain and token-based economics. It has come to prominence in recent years with the explosion of bitcoin, ethereum and other blockchain solutions, albeit with few concrete returns so far.

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