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Why the net giants are worried about the Web3

Updated: Aug 5, 2022


Calm before the storm

The birth of blockchain spawned a movement which is set to disrupt the entire tech industry. Blockchain and crypto enthusiasts are calling it the Web 3.0 and it’s looking to make all traditional business models defunct. This is because, in short, the technology will facilitate the decentralization of the World Wide Web, thereby equalizing control and ownership back from the grasp of profit hungry corporations.

The Web 3.0 ecosystem already consists of over 3000 variegated crypto coins and over 900 decentralized apps or DApps (a single DApp can mean a team of up to 50 members, each dedicated to disrupting a specific industry). And even though the industry is still in its infancy, the market cap has already exceeded 800 billion.


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