The new generation of money is in cryptocurrency, but what about the new generation of the internet? How will it impact the financial world? Certainly there will be aspects that are improved from the technology as well as drawbacks.
Web3
The concept of having a whole new world in an alternative world still boggles my mind. I don’t quite understand it. This was fuel for this article, to research and share with you about this new world we are embarking on.
Web3 is the new version of the world wide web that uses blockchain technology to create a whole new experience. This experience will include but isn’t limited to religion, investing, and friendships. The idea in using blockchain technology is transparency and personal control over what information you share. This new internet is still in the beginning phase, but it is something to begin to understand and even consider investing in now.
Investing
When thinking about this new technology, investing is a very real aspect that will be impacted. There is two sides to the investment piece of Web3. It is important to consider how Web3 using blockchain technology will shift the experience of investing through the stock market or other investments, and there is the ways in which you as the investor can get in on this ground breaking time in technology.
In Web3 the technology is creating a space where AI is going to play a major role in every day life. With this, comes the opportunity to invest in AI. This article breaks down how investing could change through the creation and explosion of Web3. We could see improvements in the stock market because the hedge funds will have less hold of the shifts in the market. It will considerably change the way the algorithms are for making trades, and you could potentially make trades faster and with more accuracy.
Investing Opportunities
Investing in Web3 as a market distribution could mean a stellar revenue maker in the coming years. How do you invest in Web3? One option would be to invest in crypto of Web3 based companies. Just like investing in long holds in the stock market, as an investor, make sure the company is a solid company. Another option is to invest straight into the Metaverse or NFTs.
NFTs, if you don’t know, are a blockchain option for selling artistic items. For instance, a musician could create their music in the NFT through blockchain technology to be able to sell it to individuals.
Conclusion
In the coming years we will see the creation of Web3 come to life. With this creation comes a major shift in the way we relate to the world through the internet, including how we invest. This could be a stellar opportunity long hold investments. It will also shift how investments in the stock market are done. If you are looking for ways to be in a market disruptor as an investor, now is the time to understand Web3 and what it has to offer now and in the future.
It is amazing technololy, no doubt, but my personal opinion is that this can not become that massive. At the moment everything looks like HYPE for Web3, without anything to back it up in the “real world”.
Nice article. I’m thinking in 10 years time over 50% of the web will be created by bots with artificial intelligence. Maybe this will be Web4.0?
Great post, yes NFT’s will be huge for the simple reason that artists and musicians will all use them. Getting paid royalties forever, with no 3rd party to take a cut, is just exceptional to an artist.
Today, technology evolves in a frightening way. I still don’t understand how NFTs work, but I know it’s the technology that’s here to stay. I will study more about NFTs and Metaverse, I know this is important. I think.