Web 3.0 is the tokenized replica of the World Wide Web. Gavin Wood, co-founder of Ethereum postulated the term first in 2014. The idea though gained interest only in 2021 due to the surplus of crypto, blockchain, NFT, and fintech enthusiasts.
If indeed explained, the idea is still in a “fuzzy” state, with no actual and critical path for advancement. Much of the concept involves nothing but blockchain technology and effortless transaction of digital assets. Journalists, technologists, and likewise describe it as the“remedy” to the “curse” of centralization. Infinite data scalability, powerful privacy, and security are what companies and brands can benefit from the Web 3.0 reception.
In this blog, we’ll discuss how brands can effectively transcend into the Web3 and utilize Metaversal capabilities. We will discuss this in terms of Identity, Ownership and Community— the three main pillars of Web3 and Metaverse.
As we spend more time online,…