2. What is Web 3?
Web3 is a concept for a new
version of the world wide
Web that includes concepts
such as blockchain
technologies, token-based
economics, decentralization.
3. In decentralized online
spaces, users could have
complete control over
their assets and data.
Without the intervention of
centralized intermediaries,
web3 offers the
foundations for
implementing digital
democracies.
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TRENDS
Decentralized Metaverse
Metaverse has become an important part
of the web3 domain. Rather than
centralized immersive platforms,
companies are planning to build it as a
decentralized platform for the next stage
of the internet’s evolution.
5. Non-Fungible
Tokens
NFTs are an excellent tool for
representing one-of-a-kind
assets. However, the
majority of the discussions
about NFTs center on their
use in digital artwork.
6. Emphasis on
Clean Energy
Technologies such as
blockchain, ai use a
significant amount of energy
due to which companies are
transitioning to renewable
energy sources.
7. Decentralized
Social Networks
One of the primary
goals of the web3
movement is to create
a decentralized social
network to promote
user liberty and secure
privacy.