Web 3.0 has been hit hard by last year’s bear market. Web 3.0 is a term first coined by Ethereum co-founder Gary Wood during the coin’s launch back in 2014. Since then, the market for this type of technology has grown as the adoption of cryptocurrencies rose as well.
According to Straits Research, the market for Web 3.0 is expected to grow by 45% in the next 10 years, which is an extremely bullish prediction for the industry.
What Is Web 3.0 And What Are Its Benefits
The advocates of this idea say that this technology is the evolution of the internet from Web 2.0 infrastructure. The core difference between Web 3.0 and Web 2.0 is how the latter uses blockchain technology to create a decentralized and trustless system of web services.
While Web 2.0 gives us the ability to create and share content with other people, we don’t necessarily own our data. Big tech companies have been under fire recently because of privacy concerns. Just recently, Facebook parent company Meta sett
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