Web3 puts big companies like Meta out of business and gives every user the right to develop the next big thing together. Decentralization and the combination of humans and machines will be at the heart of Web3 projects.
There’s a reason for users’ passive participation: we’re always busy trying to get the biggest slice of the pie. But now Web3 is in the works. This will radically change. In the coming years, there will be a change of which tech giants are “the boss”; people who take the lead.
When the development of Web3 is complete and if you work in IT, blockchain or the crypto space, you work there too, we will all be the boss. The data will be stored in a decentralized way and everyone will be connected. It offers opportunities and entails risks at the same time. Think privacy and compliance risks, smart contract hacks and sweepstakes. Greater control requires greater responsibility.
Cryptocurrency, NFTs, smart contracts and blockchain technology will be essential in the next Web3. Smart contracts are fully digital contracts and they will take the lead in a secure and automated online environment. Machine learning, artificial intelligence and the Internet of Things will also have a seat at the table, so you can imagine the kind of revolution this will have on us as daily internet users.