A new generation of web technology has emerged, bringing with it new online opportunities and experiences in recent years. According to the stats, the web 3.0 blockchain market is expected to reach USD 82,898.1 Million with 44.6% in the year 2030. Web 3.0 is still in its early stages, but it is already starting to have an impact on how the web will evolve in the future. Now let us have a look at some major use cases of Web 3.0.
Metaverse:
The element of decentralization and the creator economies in web3.0 will promote open access and absolute control of user experiences in the metaverse. To point out, Facebook, Microsoft and several big names in the business world have notified the Web3 values in distinct metaverse applications.
Decentralized Finance(DeFi):
Another pointable web 3.0 use case that uses several web3 attributes to embellish its capabilities and infrastructure is DeFi. Some stunning benefits of Web3 in DeFi cover the following
1) Open Accessibility
2) Transparency
3) Privacy and security (Encryption Based)
4) Accountability
Gaming Sector:
Web3 games seem to be the advanced version of blockchain games that undergo state-of-the-art technologies and thereby contribute to the development of next-gen games. With the integration of Web3 principles, blockchain-based games will gain the ability to open up new virtual worlds and economies.
Virtual Real Estate:
Web3 furnishes a robust ecosystem for virtual real estate that uses NFTs, 3D technology for ownership verification and transferring NFT-based real estate properties.
To know about more intriguing perks of Web 3.0, then check out the blog about Web 3.0 use cases posted by Developcoins, a leading Web 3.0 development company.
