How Crypto Will Contribute to Web 3.0

web 3.0

The internet has led to some notable technological revolutions in humankind. Besides, it has reduced the world to a global village. Moreover, the internet has improved accessibility to information and connected humans unimaginably. The revolution is yet to stop, as we are approaching the dawn of a new era.

Over the past decade, organizations have been laying the foundations of the Internet’s next generation. From AI to blockchain, the human race is about to experience the next phase in the evolution of the internet—Web 3.0.

What is Web 3.0?

Web 3.0 is the third generation of internet services for applications and websites. It focuses on artificial intelligence to synthesize and provide a data-driven semantic web. It also aims to build more intelligent, connected, and open websites.

Decentralized Web, Web 3.0, and the Blockchain

Despite incorporating 3D graphics and artificial intelligence. The primary driving force behind Web 3.0 is the blockchain and its underlying technology.

Web 3. 0 also offers a democratic and user-eccentric platform that is decentralized. Web 2 enabled data sharing across borders. Yet, the information was in central management under the control of third parties.

In Web 3. 0, users would interact with each other void of intermediaries. Thus, sharing information and lowering censorship from governments and corporations.

How Cryptocurrency Will Contribute to Web 3. 0

Cryptocurrencies are built behind decentralized networks (blockchains), governed by distinct underlying protocols. More people are adopting blockchains, more significant network usage, growth in DeFi, rise in DApps, and acceptance of NFTs. Web 3.0 and its technology as well is experiencing increased adoption.

Developing unique protocols and solutions is a direct way that Cryptocurrency is enhancing the growth of Web 3. 0.

Besides, cryptocurrencies rely on blockchains that run on Web 3. 0. Also on top of buying crypto on these platforms, you can use DeFi projects like Pancake Swap. For clarity, Pancake Swap is a DEX that facilitates the swapping of tokens

Several crypto-related platforms, such as Binance, offer crypto savings and future products. Thus, exposing Web 3.0 to investors through its unique, innovative product packaging.

Web 3.0 On The Horizon: Are You Ready?

Humanity is on the verge of a technological revolution. And, Cryptocurrency is an essential ingredient in this revolution. Web 3. 0 will not only be an eventful transformation but also a future wealth. Take an interest in Web 3.0 products offered through NFTs and DApps to be part of the evolution of the World Wide Web.