The Benefits of 3.0 for Early Investors
It’s been a few months since the release of 3.0, and we wanted to take this opportunity to talk about some of the benefits that early investors have seen. The new version has completely revamped how blockchain technology works and has made it easier for businesses to get involved. As a result, we’ve seen a huge increase in interest from businesses, and we believe that 3.0 will revolutionize how they operate. So, if you’re an early investor, these are some of the benefits that you can expect!
What is Web 3.0
Web 3.0, or the third-generation internet, is the next step for the World Wide Web. It develops a data-driven Semantic Web to provide customers with a more intelligent and connected web experience.
The modern Web is rigid and unable to adjust to each user’s needs. Web 3.0 is projected to be more dynamic and engaging. AI and blockchain technologies will be utilized to change the web experience and make it universally accessible.
Web 3.0 eliminates centralized servers by securely storing data and spreading it across several devices. As a result, major data leaks are less likely because data is no longer centrally stored and hence more secure.
What’s in it for you?
The networks that underpin cryptocurrencies (such as Bitcoin and Ether) are completely decentralized and run by the rules. As the use of blockchains, decentralized applications, decentralized finance, and non-fungible tokens (NFTs) expands, so will the use of Web 3.0 and its associated technologies.
One of the simplest ways to get engaged in the future phase of the Web is to help develop these protocols and their solutions. For example, it’s possible to get involved in DeFi projects such as Pancake Swap or Bakery Swap, which are decentralized exchanges (DEXes) where tokens can be traded. With the help of these DeFi projects, individuals can earn even more tokens as a result of contributing liquidity and actively using the funds they have.
Unimaginable speed and freedom of invention
For example, Web 3.0 vehicle sharing platforms may combine with existing services like driver reputation, car loans, and payments without signing any agreements and no technical work.
There are inherent synergies between Web 3.0 goods and services because they all use the same protocol. The building blocks of infrastructure are put together in a variety of ways. A better experience is achieved by combining different products and services. Without permission, derivatives can be made. On the other hand, web 3.0 ecosystem infrastructure, product, or service can negatively impact-related businesses.
Early signs of this promise can be seen in the financial sector today. DeFi, or blockchain-based decentralized finance, has grown from an AUM of $181 million in 2018 to nearly $700 million at the start of 2020. Composability — the ability to integrate several services into a new product or service — is the driving force behind this rise. For example, users can combine up to three financial products with only one click using InstaDApp, a smart wallet. In addition, the development of a complete set of DeFi building blocks is offering options that were just not feasible before the industry embraced interoperability.
There is nothing to steal and hide.
In the same way that Web 3.0 enterprises remove the risks associated with storing personal information with a single party, they give users back digital ownership and control.
For example, a Web 3.0 e-commerce site may enable users to upload their social media pictures to get suggested fashion recommendations from the platform’s recommendations. However, users’ login information and selfies and browsing history, and purchase history are not stored by the platform. Without the requirement for information to be leaked outside of its owner, Web 3.0 infrastructure eliminates the issue.
But in pushing for higher security standards, the open-source nature of protocols gives people hope. Despite the first setbacks, web 3.0 projects have quickly adopted hygiene auditing of smart contracts and public code. In addition, the community of developers is constantly looking for defects and has done so in a responsible manner several times. On top of traditional bug bounties and security audits.
Despite this, the cryptocurrency industry continues to be inundated with reports of hacks at various exchanges. Most of them are still Web 2.0 centralized custodial solutions, which means they have access to their users’ private keys and 2-factor authentication credentials. In addition, a growing number of major exchanges are launching their DEXes or expanding the reach of already existing ones, all to move away from the centralized exchange model.
A new method of promoting growth.
Web 3.0 enterprises can issue verifiable digital assets to encourage stakeholders, partners, and users to participate. However, we are only limited by our imagination regarding how we might use this type of cryptographic token. To put it another way, digital assets can impact the economy or reflect intangible attributes that are difficult to quantify. An example of this is creating economic value proportional to the projected income from tokens that are staked or locked as collateral.
For example, a Web 3.0 e-commerce platform can issue tokens to be “staked” or locked by merchants to earn the right to sell products and maintain them as collateral in the event of a fraud claim. This establishes an economic value for the token that is proportional to the income that merchants hope to make. ‘Tokens could then be issued through another mechanism to reward platform contributors or new user referrals. Additionally, tokens might serve as discounts, payments, or a means of unlocking additional features. A micro-economy can be built around each business by regulating these tokens’ issuance and flow (or velocity).
When it comes to the Web 3.0 platform, it’s all about the people. From now until 2022, Web 3.0 will be more important than ever because of the increasing number of users who value personalized browsing experiences.
Web 3.0 attempts to diversify the internet’s sources to lessen hacking, data leaks, and reliance on centralized storage systems. If data scarcity and tokenized digital assets are deployed, users will be in control of their data and digital footprints. Any platform’s data usage would be unaccountable.
Chat with the expert NFT promoters and marketers at Mooning
Sure, all the examples of NFT promotions we listed are from global brands with endless coin to throw at their campaigns. But you really don’t need a crazy-high budget to see some seriously incredible outcomes – as long as you know the delicate intricacies of building a killer NFT marketing strategy!
If not, no worries – Mooning is here to take care of everything for you and make sure you see the most amazing ROI you’ve ever seen before. Our team has the knowledge and experience to promote your NFTs in order to deliver maximum awareness and interest, driving the sales prices up sky-high and beyond.
We provide a full suite of expert NFT marketing services and go above and beyond for every one of our clients to ensure only the best results. Our team will help with everything from minting, listing and selling, NFT creator sourcing, community management and campaign conceptualisation.
So get in touch with us now on 1300 818 435 or message us online.