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Global Web 3.0 Market is expected to grow at a CAGR of 50% during the forecast period 2023-2028 and would reach USD 11.33 Billion in 2022.
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Global Web 3.0 Market Research Report: Forecast (2023-2028) UPDATED SAMPLE 2025-30 MARKNTEL ADVISORS
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Market Insights Global Web 3.0 Market is expected to grow at a CAGR of 50% during the forecast period 2023-2028 and would reach USD 11.33 Billion in 2022. The market is characterized by the decentralized internet ecosystem, paired with blockchain technology that results in increased consumer usefulness and openness. The inclusion of such innovative technologies would revolutionize internet usage by enabling users to sell, purchase, own, and profit by converting their digital material into NFTs (Non-Fungible Tokens). Web 3.0 aids zero-knowledge proofs and more secure personal data to be used in digital infrastructure. other than this, it also supports peer-to-peer digital financial transactions.
Market Drivers Global Web 3.0 Market Key Driver: Global Web 3.0 Market Key Driver: Increased Increased Transparency with The Decentralized Network: Transparency with The Decentralized Network: The industry growth is primarily attributed to the unique features of web 3.0, including decentralization, enhanced connectivity with other systems, User-Generated Content (UGC), etc. With distributed networks, the transactions exhibit extreme transparency while ensuring that no tampering has been done with the data. Thus, the technology aid in making transactions recordable and irreversible, enabling customers to benefit during audits. The technique also facilitates users with direct communication over the internet by becoming a part of a Decentralized Autonomous Organization (DAO). With increased transparency and accountability, blockchain technology has prompted the emergence of a transparent and responsible digital economy in recent years.
Market Segments By Type (Public, Private, Consortium, Hybrid), By Application (Cryptocurrency, Conversational AI, Data & Transaction Storage, Payments, Smart Contracts, Others), By End-User (BFSI,Retail & E-Commerce, Media & Entertainment, Pharmaceuticals, IT & Telecom, Others,
Top Companies Ripple Labs Inc., ConsenSys, Coinbase, Binance, Kraken, BlockFi, Sciencesoft, iTechArt, Appinventiv, Leeway Hetz, Terra, Chorus One, Synthetix, Crypto.com, Filecoin, Others
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MarkNtel Advisors Target Geographies-Focus Areas MarkNtel has strategically defined its target areas which are based on evaluation by its analysts after analysing the growth potential of various regions. Few of those parameters include: -Political, Economic, Social, Technological and Environmental Analysis -Credit Ratings provided by leading institutions -GDP projections by bodies such as the World Bank, IMF, OECD, etc. -Market Disruptions and the “Next Big Things”
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