There is a lot of buzz regarding Web 3.0, which is slated to be the internet’s whole new generation. What about some of the biggest Web 3 trends 2023 that we can expect?
With the proliferation of digital currency worldwide, along with the Metaverse, cryptocurrency, blockchain, and NFTs, there will naturally be a lot of progress on the Web 3.0 front.
Here are some of the latest trends in Web 3.0 that you should take a closer look at:
Brands as a Service or BAAS is one of the biggest web 3 trends that deserve special mention. This is a blockchain-tech trend and a service based in the cloud, helping consumers function with the blockchain for making digital products.
This industry is highly regulated and will help consumers and businesses interact with financial services required for easier banking access.
Another one of the emerging trends in Web 3.0 is Flux or the trustless layer of data for the Web 3.0 framework.
This will ensure smart contracts with accessibility for data feeds that are economically secure and will enable various decentralized projects and Web 3.0 applications to be developed.
This indicates principles of the web that cover data and documents, in a similar manner as a web of data.
Web 3.0 will get a massive boost with non-fungible tokens (NFTs) which are digital collectibles that use cryptocurrency for transactions. This will create a solid base for those creators to interact with users in a unique manner.
Application Development Software- Low-code development is a specific developmental technique which helps entities to develop applications quicker and with lower hand-coding techniques.
With Web 3.0 firmly entrenched in the space, no-code or low-code app developments being wiped out has become a trend.
Web 3.0 frameworks will come into VR and gaming this year as per several experts. Gaming will tap blockchain tech as a major aspect as well.
This will naturally stimulate more improvements in UX/UI and also Web 3.0.
Custody will be a big trend in Web 3.0 this year. This means the entity holding data and assets on blockchain networks with full responsibility for the same. There are various custody types and decentralized custody services will be seen more in 2023 where no one entity will have control over one’s assets.
Regulation, adaptability, custody, and scalability will be key aspects for blockchain and Web 3.0 in 2023 as per experts. People will also be more careful with investments in cryptocurrencies.
ReFi will be another one of the defining web 3 trends in 2023. This will emphasize on building various systems for the preservation and restoration of various physical resources while mitigating the impacts of increasing carbon emissions.
There will be a crucial role played across innovations in the Web 3.0 system and also projects which will seek to ensure a positive effect environmentally.
Lens Protocol or messaging on blockchain along with social media and self-custody will be a major trend along with sustainable and green regenerative finance according to experts.
These are the key Web 3 trends 2023 that will play a vital role in 2023. It seems to be an exciting year in the Web 3.0 arena, with several new and exciting developments anticipated in this space.