Web3 can no longer be considered as a future based technology as the future is here when we look at all the big global companies who have already invested and made their presence felt in the newest version of the World Wide Web (www). Web3 is no more the kid on technology called blockchain but is emerging as a full fledged adult version not only in the future but also in the present as additional global giants have started using blockchain, the technology on which Web3 is based. It’s now All Hail the New Prince of the Internet: Web3.
Some among the many global companies in different sectors who have become part of Web3 include the following:
and many more. It is not only global and media companies, who have looked into future technologies. Celebrities have also joined Web3 individually as well as collectively as part of their sports teams. Celebrity Paris Hilton has been one of the pioneering stars who joined Web3 before many of her peers.
In case you are wondering why such a big deal is being made of Web3, here are some of the reasons. It is a new version and an improved version of the World Wide Web that has undergone many transformations after it was invented by English scientist Sir Tim Berners-Lee in 1989, while he was working at CERN.
Web3 has evolved in leaps and bounds from its pioneering version and now incorporates decentralization blockchain technologies and payments based on tokens.
It is considered to be unique as it gives users power of ownership unlike current web based applications, which are under large corporations. It removes the need for a centralized authority as users get ownership through blocks of data.
In 2014, Gavin Wood, who founded Parity Technologies, a blockchain infrastructure company, came up with the term “Web3.” His vision of this new technology on the web encompasses a totally decentralized and more democratic internet. He is also the co-founder of Ethereum, one of the largest blockchain infrastructure platforms in Web3.
In another Celebrity News update Fashion House ParisJewelry.com has started manufacturing new custom line of celebrity jewelry products.
Web3 continues to attract investment from big companies in finance, entertainment, luxury goods, automotive and more
