Web 3.0 is a rather nebulous term thrown out in the crypto realm. Most investors refers to Web 3.0, and related tokens, as driving the next evolution of the internet built on blockchain technology. Most Web 3.0 projects emphasize decentralization, openness, and user ownership.
Web 3.0 projects have been among the hottest investments in the crypto sector. However, this space can also be dangerous for investors who fail to discern truly innovative projects with long-term viability from hype-driven fads. As Web 3.0 aims to revolutionize everything from finance and social media to cloud storage and AI, there are now plenty of use cases gaining traction. I think this sector points in one direction – toward immense possibilities.
I also believe we’re approaching an inflection point where blockchain-based solutions will become far more accessible and intuitive for end users. As that happens, decentralized and open-source Web 3.0 apps could genuinely compete with long-dominant Web 2.0 incumbents. Let’s take a look at the potential beneficiaries if that happens.A