Global Web3.0 blockchain market, by blockchain type (public, private, consortium, hybrid), by application (cryptocurrency, conversational AI, data and transaction storage, payments, smart contracts, etc.), by end user (BFSI, E-Commerce and Retail, Media and Entertainment, Healthcare and Pharmaceuticals, IT and Telecom, etc.) and Regions (North America, Europe, Asia Pacific, Latin America, Middle East and Africa) – Trends, Analysis, Forecast by 2029
The Global Web3.0 blockchain market It will account for US $ 123.15 million in 2020, is estimated to be US $ 876,135 million by 2030, and is expected to record a CAGR of 45.20%. Web 3.0 evolves from the natural evolution of older generation web tools combined with cutting-edge technologies such as AI and blockchain, as well as improved internet utilization and user connectivity. Internet 3.0 appears to be a step forward from its predecessors, Web 1.0 and 2.0. Web 3.0 is the next step on the Internet that will enable websites and apps to analyze data like humans, using technologies such as machine learning (ML), big data, and distributed ledger technology (DLT). Refers to 3 generations. others. Called the Semantic Web by World Wide Web author Tim Berners-Lee, Web 3.0 aims to create a more autonomous, intelligent and open Internet.
The Web 3.0 blockchain sector is growing rapidly, with an increasing focus on distributed data ledgers. The great benefits of the Web 3.0 blockchain, especially in the cryptocurrency industry, have resulted in significant R & D investments and grants for further development of technology. Web3.0’s ability to prevent Internet attacks and breaches by ensuring data security and privacy will further drive the growth of the industry. Digitization, gambling, and non-fungible tokens (NFTs) are all converted by cryptocurrencies. As Web3 becomes more widely accepted, the industry is expected to grow significantly over the next few years.
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Key highlights of the Web 3.0 blockchain market:
- Dubai said in March 2022 that it enacted a new cryptocurrency law to oversee the activities of digital assets and cryptocurrencies as it strives to become a Web 3.0 powerhouse. The United Arab Emirates will establish the Dubai Virtual Asset Regulatory Authority under the new law and will be responsible for the regulation of blockchain-based virtual assets.
- In 2022, Adrix, the world leader in building benchmark indexes based on individual performance, announces AllStars Digital (ASD), the first ecosystem to tokenize and support a variety of sports-related alternative transactions. Did. Assets such as player-based digital assets.
Key market insights from the report:
The global Web 3.0 blockchain market will account for US $ 123.15 million in 2020 and is estimated to be US $ 876,135 million by 2030, with a CAGR of 45.20%. The global Web3.0 blockchain market is divided into blockchain types, applications, end users, and regions.
By blockchain type:
Public, private, consortium, and hybrid.
Cryptocurrencies, conversational AI, data and transaction storage, payments, smart contracts and more.
By end user:
BFSI, E-Commerce and Retail, Media and Entertainment, Healthcare and Pharmaceuticals, IT and Telecom, and more.
North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Competitive Landscape and Web3.0 Blockchain Market Strategy:
Leading players in the global Web3.0 blockchain market include Polkadot (Web3 Foundation), Helium Systems Inc., Ocean Protocol Foundation Ltd., Decentraland, Flux, Filecoin, Kadena and ZCash. Various countries around the world are working on legalization. The use of cryptocurrencies to attract new participants and boost economic growth. For example, in March 2022, Dubai announced the adoption of a new cryptocurrency law to manage the activities of digital assets and cryptocurrencies as part of its efforts to become a Web 3.0 hub. The United Arab Emirates will establish the Dubai Virtual Asset Regulatory Authority under the new law and will be responsible for the regulation of blockchain-based virtual assets.
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Global Web3.0 blockchain market by blockchain type:
Global Web3.0 blockchain market by application:
- Conversational AI
- Data and transaction storage
- Smart contract
Global Web3.0 blockchain market by end user:
- E-commerce and retail
- Media & Entertainment
- Healthcare & Pharmaceuticals
- IT & Telecom
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