By the time we comprehend the nuance of one technology another emerges to set new criteria Read on to learn how we are going to accept this pace

Lets first look at the performance figures of Metaverse and Web3 so far In a survey conducted in March 2022 in certain countries that have invested in the Metaverse over 22 of business executives regarded the Metaverse as the future and full of opportunities from a business perspective More interesting is that an additional 157 of respondents stated that their interest in the Metaverse and Web3 was initially due to suitable business applications which indicates that the Metaverse Web3 or the Blockchain arent just buzzwords used by Gen Zs

Key Takeaways

As the largest offshoring hub the Indian IT industry has contributed 74 to the nations GDP

63 of the worlds population uses the internet with 90 of the worlds data generated in the last two years

59 of respondents are optimistic that upcoming technological advancements will make our future better

One Quick History Lesson Before Diving Into The Future

Before diving into Web3 lets have a quick recap of Web1 Web2 In traditional terms Web1 refers to the internet from the 90s to the early 2000s That is exactly when blogs online message boards and early portals began rallying on static webpages In contrast to Web1 advancements were made in Web2 allowing platforms social media giants like Facebook and YouTube to emerge This paved the way for users to participate in the internet culture instead of just passively reading it Now Web3 may have surfaced already but we are still dominated by Web2 platforms

The Disruption With Metaverse And Web3

In todays marathon disruptions are primarily Decentralized Autonomous Organizations or DAOs that leverage blockchain tokenized incentives and smart contracts to govern how the network operates and grows
#metavers #web3
Source:- CNBCTV18