Introduction
In view of the flourishing cryptocurrency market and decentralized applications, the market is given a greater scope of future and imagination. Most notably of all, Web3 is becoming a phenomenal opportunity on par with bitcoin.
Web3 is comprehensively defined as "a web that transforms the Internet itself into a pantheon of databases; cross-browser and hyperbrowser content delivery and requesting mechanisms along with artificial intelligence technologies; the semantic web; the geographically mapped web; websites built using 3D technology and even virtual worlds or cyber principalities".
Understanding from a technical perspective, by all accounts "Web 1.0 is read-only, Web 2.0 is read-write and Web3 represents read-write with information". Whereas, when it is deemed from the perspective of the cryptocurrency market, Web3 acts as an ecosystem that comprises a series of projects such as DeFi, NFT, GameFi, etc. More precisely, users are able to set foot in Web3 by participating in these projects and seizing revenue opportunities from it.
Last modified 4mo ago