Wondering what the next big thing in technology will be? Many seems to think the deal is done – it will be Web3.
Web 3.0 or Web3 is a good contender, integrating everything from machine learning and artificial intelligence to augmented reality and the blockchain.
You could be among the first to experience this new world and all that it has to offer. With Web3, you can unlock a whole new level of potential for yourself and your business.
So, what is Web3? In short, it is a new way of using the internet that is based on three key principles:
1. Decentralization: Web 3.0 applications are built on decentralized networks instead of centralized servers. This means that there is no single point of failure and that data is more secure.
2. Interoperability: Web 3.0 applications can communicate with each other regardless of platform or language. This allows for a more seamless user experience.
3. User-centricity: Web 3.0 applications are designed with the user in mind. This means that they are easy to use and offer a personalized experience.
For those who wish to dab into Web3 technologies, decentralized finance will be a great place to start. There are several complicated DeFi algorithms available, such as Curve and others, but staking has grown in popularity, resulting in easy-to-use solutions appearing.
Then there are NFTs. NFTs started off as collectibles and artworks, then carried on to disrupt the world of gaming and the next logical step is Metaverse. That’s because NFTs can encode any unique information, such as a contract to a piece of land or property.
In the real world, there has always been the same problem with blockchain technologies for luxury goods monitoring or provenance: how to trustfully encode something tangible into a blockchain that is entirely virtual. Everything in Metaverse, however, is virtual, so this issue does not exist.
