Why im still in Web 3? Even though the market has been full with FUD.
Web 3 is the next evolution of the internet, and it has captured my attention and interest for a few reasons. One of the primary reasons is the potential for decentralization, which means that control and ownership are spread out across many users instead of being held by a centralized authority. This could lead to greater privacy, security, and transparency, as well as a more equitable distribution of resources. Additionally, web 3 technologies are designed to be more interoperable, meaning that different systems can work together seamlessly, which could lead to new and innovative applications.
Another reason why I'm still in web 3 is the opportunities it presents for individuals and small businesses. With web 3 technologies, it's possible to create decentralized applications (dApps) that can be accessed by anyone with an internet connection. This means that even individuals or small businesses with limited resources can create innovative and useful applications that can reach a global audience. Additionally, web 3 technologies enable new models of ownership and monetization, such as the use of cryptocurrency or token economics, which can provide new revenue streams for creators and developers.
Despite the potential benefits of web 3, there are still many challenges to overcome.
But adoption could take some time. For your info, below is the projection on web3 to internet user adoption rate.
Mind blowing! RIGHT
One of the biggest challenges is the need for widespread adoption, as many people are still unfamiliar with web 3 technologies and how they work. Additionally, there are concerns around governance, regulation, and security, which must be addressed in order to ensure that web 3 technologies are used for positive and constructive purposes. Despite these challenges, I believe that the potential benefits of web 3 are too great to ignore, and that with continued development and innovation, we can create a more decentralized, equitable, and connected internet for all.