Crypto keeps gaining popularity. But it seems that the key for it to be trendy in the mainstream will be Web3.
, or CBDCs, news coverage would suggest that the mainstream adoption of crypto is already well underway. However, there is one project which could have the ability to catapult crypto well and truly into everyone’s day-to-day lives: Web3.With an emphasis on community, Web3 represents the future of the internet where users operate in a decentralized way rather than relying on large private businesses or centralized government bodies.
Previously, crypto hasn’t been seen as easily accessible to the mass market due to its complexity and perception of volatility. Opinions have started to change as more accessible crypto products come onto the market such as stablecoins, crypto-enabled debit cards or DeFi products. With Web3 the emphasis is on decentralization, moving data away from central powers and using AI power towithout having to rely on big businesses. The current structure of our internet has received criticism due to surveillance and exploitative advertising. For those who extol privacy and anonymity as the main benefits of crypto, the integration of Web3 would make these values more synonymous with day-to-day life.
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