Web3 is the third generation of the Internet where decentralized apps enable a more user-driven experience.
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The original vision of Web3 was a digital future that could be built and owned by the many, made possible by the power of blockchain protocols and their unique ability to solve age-old coordination problems.
Web3 is redefining how we communicate and share information.
Unlike Web2 applications like Roblox that trap users, Web3 empowers users with digital property rights so they can move freely. Be it money, personal information, or an avatar’s hat, the Web3 vision is that those assets should be user-owned and controlled.
Some of the most trending and latest Web3 news are:
- Recently, crypto-focused distribution services have gained a lot of traction in the blockchain space, pitching themselves as a “cheaper” way for projects to gain visibility through sponsored press releases
- Like spatial computing, Web3 is also an umbrella term, liberally thrown together with terms like blockchain, digital assets, DeFi and the rest of the crypto-jargon dictionary. But trust Apple to do it differently with its Vision Pro.
They tell you about how the Vision Pro enables you to enjoy immersive entertainment experiences from your sofa, capture and relive your precious moments as 3D photos and collaborate with remote colleagues as seamlessly as if you were in the same room. It doesn’t tell us why we need the technology – it shows us why we want what it can do.
- Japan’s current government, led by Prime Minister Fumio Kishida, has championed Web3 development and regulation. In 2023, Japan became one of the major jurisdictions to regulate stablecoins, which are crypto assets tied to the value of other currencies. Kishida’s cabinet has a Web3 project team, which last year released a white paper outlining the national non-fungible token (NFT) and decentralized autonomous organization (DAO) strategy, which is now working to introduce new Web3 policies.
For more Web3 news and latest development in this field, stay connected with us – Block Matra.
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