A survey by celent in 2022 revealed that 91% of institutional investors expressed interest in investing in tokenized assets. This trend has the potential to unlock a vast array of investment opportunities for individuals and institutions alike, which we are starting to witness today and for the years to come. Video games produced and distributed by a mid-sized or major publisher- is believed to be a crucial factor in driving mainstream adoption, which starts by convincing real gamers. Most of the blockchain games implemented to date were with a play-to-earn (p2e) model that made waves in 2021 and 2022. However, this model also shed light on an unsustainable model, putting emphasis on making profits, while ignoring the fun part. This made many gamers highly skeptical of web3 games to date, viewing them as potential scams, or attempts to prioritize profit over gameplay.
He is interested in disruptive technologies such as web3, blockchain, digital currencies and retail tech. His career in strategy consultancy coupled with his inquisitive mind make him a thoughtful and investigative storyteller. To dive deeper into the future of web3 and the decentralized web, read our full report on opportunities in web3 by clicking here. Given our interest in the space, we wanted to share our favorite resources and what we’ve been reading the past few weeks.
Although we have identified seven distinct themes from the past studies, the width and depth of research coverage in each of the themes vary, and there are still many gaps that need further investigation. In addition, there are also important areas that are not covered by the existing studies but may have significant implications in the future development of web3.0 and therefore they require more in-depth investigations and urgent attention. The optimal number of topics requires quantitative and conceptual evaluation.
Within the ethereum ecosystem, daily transactions roughly doubled from 500k to 1m between the start of 2020 to august 2022. The metric helps identify which services are being adopted, enabling builders to prioritize, grow, and expand these successful use cases. As a16z highlighted in its 2022 state of crypto report, there are an estimated 7-50m active ethereum users today. That puts today’s level of web3 adoption near the 1995 adoption level of the internet.
Playthink, inc. Is a startup focused on social implementations of web3 and blockchain technology, including customized nft wallets and distribution tools, as well as unique proprietary blockchains. Ava labs makes it simple to deploy high-performance solutions for web3, led by innovations on avalanche. The company was founded by cornell computer scientists, who partnered with wall street veterans and early web3 leaders to execute a promising vision for redefining the way people build and use open, permissionless networks.
Web 3.0 will transform the internet's future as it evolves from a simple two-dimensional web to a more realistic three-dimensional cyberworld. Web 3.0 websites and services, such as e-commerce, online games and the real estate market, make considerable use of three-dimensional design. In a decentralized web, individuals will be able to rightfully control their data when decentralized infrastructure and application platforms supplant centralized tech companies. Because these agencies and intermediaries are doing most of the data collection, web 3.0 technically protects user privacy better. Important web3 features, like sign-in with ethereum, are already available for anyone to use at zero cost. Web3 is less likely to be utilized in less-wealthy, developing nations due to high transaction fees.