Web 3.0 – Outlook in 2022
Written by EmergentX Insights team
Highlights
- Web 3.0 (or Web3) is a vision for the internet based on blockchain and embodies decentralization and token economy concepts.
- Web2 and Web3 platforms that operate on different principles will inevitably vie for users’ attention and are headed for a collision course.
- Web3 companies will scale up their ecosystems and use cases beyond the early adopters to reach a global audience.
Core thesis
Web3 is the next stage of the decentralized and open internet-enabled by blockchain technology. Web3 will have an irreversible impact as users demand greater transparency, control and ownership. Opposition for monetization of user data and censorship of centralized internet platforms has spawned a new vision for the internet void of control by centralized authorities.
Significance and Disruptive Impacts
Web3 will give rise to new decentralized use cases that intersect with multiple industries and disrupt the way consumers, industries and businesses operate. The competing visions of Web3 (decentralized) and Web2 (centralized) will inevitably lead to competition for users.
Expectation for 2022
New Web3 use cases, economic models, and infrastructure will emerge
- New Web3 use cases, economic models, and infrastructurewill emerge
In 2022, new Web3 projects and enterprises will emerge, driven by significant investments into Web3 in the prior year. Robust, efficient and secure infrastructure will need to be developed in lockstep to provide seamless experiences. - Competing visions between Web3 pioneers and centralizedentities
Each participant has differing views about how decentralized the future internet ought to be. In its purest sense, web3 proponents believe the ecosystem is decentralized. On the other end of the spectrum, web2 wants to keep centralized control of user data and creations. - DAOs will proliferate as governancemodels
DAOs will gain significant momentum as Web3 proliferates. DAOs enable communities with shared visions to coordinate their resources and serve multiple purposes, including investing, coordinating communities and providing governance - Web3 scales up
Web3 companies will scale up their ecosystems beyond the early adopters to reach a global audience.
EmergentX Digital Asset 2022 Outlook
Year of Consilience
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