The Web3 and metaverse have emerged and will continue to exist in order to address the issues with user interfaces, content moderation, and a lack of system compatibility.
Related post: The Metaverse: opening doors to new business opportunities
Web3 is a platform that enables consumers to safely engage with DApps and smart contracts while also enabling developers to build secure, transparent, and automated apps. It is expected to completely transform the internet as we now know it by launching brand-new online economies, product categories, and services. A Grand View Research analysis projects that the metaverse ecosystem will reach a market size of $678 billion by 2030 and see a CAGR of 39% in just ten years. The most recent version of the internet, known as Web3, focuses on building a decentralised network.
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