It allows users to interact with, invest in, and have more control over their data and communities. It has the potential to transform our online experiences just as profoundly as computers and smartphones have.
However, this promising technology also carries risks. Several companies have jumped into this domain and faced criticism due to environmental concerns, potential for financial misconduct and fraud.
While blockchain technology can help tackle issues like privacy, centralisation, and financial exclusion, it also unintentionally creates new forms of these very challenges.
This series aims to offer a comprehensive look at how Web3 is set to change various industries and reshape our digital lives.
The internet, as we know it, is evolving. The next generation of the internet is Web3, a decentralised version of the web. This new iteration of the internet incorporates decentralisation, blockchain technologies, and token-based economics, promising to revolutionise the way we interact with the digital world. Understanding the Evolution: From Web1 to Web3 To appreciate […]go to article
Web3, the next generation of the internet, is a hot topic in the tech world. It promises a decentralised, secure, and user-centric digital experience. But what does it mean in technical terms, and how does it work? Let’s deeper into the technical aspects of Web3 and its potential impact on various industries. Role of Blockchain […]go to article
The impact of Web3, the decentralised future of the internet, is not just a technological revolution. It also has profound societal implications and raises important ethical considerations. This article explores how Web3 could change the way we interact with the internet and each other, and the ethical issues it brings to the fore. Societal Impact […]go to article
The e-commerce industry, currently valued at $16.6 trillion, is expected to reach $70.9 trillion by 2028. With the advent of Web3, the future of e-commerce is set to be revolutionised. This article explores how Web3 could potentially transform the e-commerce industry, offering unique benefits to both businesses and consumers, and the challenges it might face. […]go to article
Decentralised gambling has the potential to disrupt the industry, currently valued at $93 billion, and projected to reach $154 billion by 2030. This article explores how Web3 could potentially transform the online gambling industry, offering unique benefits to both businesses and consumers, and the challenges it might face. Understanding Web3 Web3, also known as the […]go to article
In the realm of digital innovation, two terms have recently taken center stage: the metaverse and web3. These concepts, while distinct, are often intertwined in discussions about the future of the internet. But what exactly are they, and how do they relate to each other? Understanding the Metaverse The metaverse is a term that describes […]go to article