The Influence Of Web3 On Indian Internet & The Future It Holds

The Influence Of Web3 On Indian Internet & The Future It Holds

SUMMARY

Web3 intends to democratise the way creators create content, operations go decentralised and dependency on intermediaries reduces, yet, the tech still looks too good to be true

Like any other use case of blockchain, there is no first movers’ advantage and its potential is only revealed when multiple parties join the chain

While Web3 may become the next best thing in 2022, stakeholders, especially regulators will have to enable the adoption to help with wide-scale uptake

Web3 has become the newest buzzword today — we all have been hearing about it, reading about it and talking about it. A lot of tech gurus are predicting that Web3 is going to be the biggest theme in 2022. 

Since the tech is spreading far and wide, many more associated terms such as NFTs, mixed reality, trustless, open platform and metaverse are becoming increasingly popular. But what exactly is Web3?

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