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Last year proved that the Web3 space is not just a phenomenon but rather the future of digital interactions. However, as pervasive as the space has become, many are still skeptical as to how it can and will be a part of their lives. Many developers are seeking ways to bridge
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Gloomy forecasts, mass layoffs and antitrust lawsuits have bruised "Big Tech" over the past year. But that doesn't automatically portend the end of Web2. For Web3 to emerge, we have to address key questions about AI and decentralization. Source
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Sabnis imagined fans at “every concert, [they] scan the QR code, it acts as a wallet, NFT drops are there, there's a chance for seat upgrades.” These wallets could sync with where you are in a venue in real time and expand the experience with augmented reality, for example. In
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There are lots of reasons to believe in the future of a decentralized internet. The promise of taking back control of your data holds a lot of allure for people all over the world.Just as technology companies need to keep evolving or die, the same holds true for many of
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Ethereum is almost universally credited for kickstarting the Web3 revolution after it brought to life the concept of smart contracts. However, some in the Web3 community, like Astar Network’s Sota Watanabe, believe the protocol cannot “build the innovative future of blockchain alone.” In addition, some critics point to the language
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The FTX collapse highlighted many flaws in the crypto industry. Now, the effects of the FTX debacle have broken into the nonfungible token (NFT) space with users unable to view their FTX-hosted NFTs. In a tweet, Solana engineer jac0xb.sol pointed out how the metadata of FTX-hosted NFTs now points to a
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Web3 returns content rights to the author, enhances the security level, eliminates unfair censorship, ushers in transparency, automates the functioning of software and facilitates a creator economy. Thanks to the characteristics of Web3, businesses can take advantage of opportunities that are beyond imagination. Concepts like decentralization and permissionless cybersphere
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“The seamless payments infrastructure and user experience derived from Web2
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Web3 is the buzzword that's on everyone's lips — but when you put the mania aside for a moment, there's a burning question that needs to be asked: Can these projects fully replace Web2… and what stands in the way of this happening? The likes of Google and Facebook have made
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Sam Seo, the director of metaverse-focused blockchain Klaytn Foundation, believes widespread adoption of the Metaverse will be “easier” if Web2 companies integrate the tech with their products and services. Speaking to Cointelegraph during the Korea Blockchain Week (KBW) on Monday, Seo suggested that Web3 metaverse projects generally have issues attracting
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