What do celebrities like Steve Aoki and Gary Vee, or brands like Disney and Nike have in common? They are all capitalizing on the newest emerging sector in the world of tech and digital assets. The multibillion-dollar NFT market seems to have materialized almost overnight. So, what does this all mean?
Enter Web3
Web3 is a term coined to represent the third, natural iteration of the internet after the World Wide Web (aka Web 2.0). Although there’s a lot of controversy on what exactly Web3 entails, it is actually quite simple. Web3 represents an open, 3D-immersive internet. Built on top of the blockchain, Web3 applications, augmented by decentralized products and NFTs, are ushering in a new era of how we all connect, interact, work and play—all within a transparent, open ecosystem.
Web3 is not just about how we use the internet but is a foundational technology for how the world will operate. This includes our relationships with other people and businesses and how we live our lives online. What does it look like? Verified NFT identities, single sign-on with cloud storage, being rewarded for sharing our data or privacy, and even being a currency people can wage bets on. And that’s just the beginning.
Continue reading: https://www.forbes.com/sites/forbestechcouncil/2022/04/15/the-metaverse-nfts-and-the-inevitability-of-web3/?sh=5b4fb51528d0
Enter Web3
Web3 is a term coined to represent the third, natural iteration of the internet after the World Wide Web (aka Web 2.0). Although there’s a lot of controversy on what exactly Web3 entails, it is actually quite simple. Web3 represents an open, 3D-immersive internet. Built on top of the blockchain, Web3 applications, augmented by decentralized products and NFTs, are ushering in a new era of how we all connect, interact, work and play—all within a transparent, open ecosystem.
Web3 is not just about how we use the internet but is a foundational technology for how the world will operate. This includes our relationships with other people and businesses and how we live our lives online. What does it look like? Verified NFT identities, single sign-on with cloud storage, being rewarded for sharing our data or privacy, and even being a currency people can wage bets on. And that’s just the beginning.
Continue reading: https://www.forbes.com/sites/forbestechcouncil/2022/04/15/the-metaverse-nfts-and-the-inevitability-of-web3/?sh=5b4fb51528d0
