Wallet infrastructure is playing a crucial role in unlocking the web3 experience for the next generation of dapps. So far, users have had to install additional software, source and fund it with a novel currency, and face unfamiliar confirmation screens before even making the first interaction in web3. Despite improved firewalling and a movement away from seed phrases, these hurdles are still points of high churn for decentralized applications.

The L7 Crypto Card, introduced by the Web3 digital asset management platform L7, made its official debut on December 7, 2023. This universally accessible card is designed for practical applications, including consumer payments, one-click payments, and ATM withdrawals using cryptocurrencies.

CertiK, a global leader in blockchain security, recently introduced stablecoin security auditing and compliance consulting services, aimed at bolstering the safety of stablecoins and advancing Web3.0 technology applications. The firm provided expert advice on the regulatory framework for stablecoins to the Monetary Authority of Singapore (MAS), earning recognition. Their services include smart contract auditing and blockchain security evaluations, meeting compliance requirements across various regions globally, and fostering innovation and safety in the stablecoin sector.

According to the official website, DeFi asset management protocol Enzyme has now been integrated into the OKX Web3 wallet. Users can explore DeFi protocols, filter and invest in on-chain strategies, and create and manage assets on Enzyme through the OKX Web3 wallet plugin. Enzyme is a decentralized asset management infrastructure built on Ethereum and Polygon, and connects to dozens of DeFi protocols, providing users with a range of tools and features to build and run various on-chain asset management strategies.

Web3 social platform Seam Social completed a $2.5 million seed round financing, led by 1kx with participation from Seed Club, Sfermion, f7 Ventures, Social Graph Ventures, and others. The raised funds will be used to establish a market, attract developers to create new mini applications, launch mobile applications, and expand the team to create customizable and user-owned social media.

Manufacturing giant Bosch has announced the launch of a Web3 smart sensor called the "Bosch XDK110 Rapid Prototyping Kit", which can capture data such as weather, light, noise pollution, and seismic activity, surpassing the capabilities of traditional sensors. The relevant data is integrated into the Web3 framework and plays a key role in the decentralized physical infrastructure network (DePIN). In addition, Bosch's Web3 sensors provide a unique digital identity for each device. This individuality marks a significant breakthrough in the field of device identification and interaction. These devices are integrated with peaq and utilize Polkadot's "Canary Network" Kusama.

On December 10th, Decrypt, a cryptocurrency media outlet, signed a letter of intent to merge with Web3 media outlet Rug Radio. The two companies will merge to form a new holding company that has not yet been named, while retaining their respective brands and independence. The holding company will be chaired by Josh Quitner, current CEO of Decrypt. Loxley Fernandes, current co-CEO of Rug Radio, and founder Farokh Sarmad will respectively serve as CEO and president of the new holding company. Decrypt hopes to expand into new areas such as longevity and emerging technologies/artificial intelligence beyond the blockchain field. The new holding company plans to work exclusively with Arbitrum. While the two companies will operate independently, they plan to collaborate on advertising transactions to promote business development for both companies. Rug Radio currently has 12 full-time employees, while Decrypt has 22. After the transaction is completed, all employees will remain with the two companies. Executives state that their goal is to complete the transaction by early 2024 and anticipate that regulatory approval will not be necessary.

On December 9th, the "2023 Web3 Social Change and Innovation Global Summit," sponsored by Web3 social application INTO, was held in Kuala Lumpur. The summit was supported by many global institutions and media, attracting hundreds of top experts, industry leaders, and technological pioneers in the Web3 social field from around the world.<br>The summit focused on the theme of "INTO Web3 · Lighting up the Future," and discussed many key issues, including the application of Web3 technology, Web3 social graph, data sovereignty, and the globalization trend of social networks. The aim was to explore the role of Web3 technology in social change and pave the way for the future development of Web3 social networks.

Web3 digital fashion company Cult &amp; Rain has decided to cease operations. According to a public letter from the company's founder and CEO, George Yang, the financial impact of cryptocurrency and Web3 market fluctuations, as well as a failure to secure external investment, led to the decision to shut down business operations and end the Cult &amp; Rain 2.0 plan.

Web3 social protocol Inspect has announced its support for the Avalanche ecosystem. Inspect has introduced a new dedicated collection ranking system for Avax NFTs, and its web application now provides a detailed view of the Avax-based NFT community. Inspect is prepared to continue expanding its partnerships and further exploring the depth of its dynamic ecosystem.