Web2 or Web3? -This is the most debated topic in social media in recent times. Entrepreneurs and technology founders have landed in a place where they have to choose between Web2 or Web3. Web3 is arguably advanced and is also predicted to become the future of the internet. Even blockchain technology will very soon replace their products with Web3. Such is the overwhelming response incurred by Web3. On the other hand, we also have blockchain developers and users who have been depending on Web2 applications all these days.
When these two lie on two different sides of the coin, it is important to arrive at a decision on which one to make use of. Industry experts have come up with a solution that will intersect both Web2 and Web3. The merging of both will let the blockchains and NFTs explore several avenues. The experts also express that the beginning of Web3 will put an end to Web2.
The period of Web2 marks the slightest difference from Web3. Before the dawn of Web1, there was no internet where we were all residing in the analog world. The existence of the internet competed straight away with the existing ones. This eventually unfurled the curtains for chatting, gaming, music, and email. The array of digital products even created a desire among people. Blockchain technology emerged during this scenario and thus gave birth to the concept of NFTs.
Why Is Web3 The Talk Of The Town?
Web3 focuses on the main principles of decentralization, where things are governed with the absence of any agency and policies. This idea of iteration is supported by blockchain technology which constitutes a major role in decentralization. Still, the complete definition of Web3 is not spilled out in a clear note. However, we can understand that it will progress through complete decentralization with the support of various other advanced technologies like artificial intelligence, virtual reality, etc. Following are believed to be the pillar of Web3
- Decentralization and democratic network is the next big thing in internet
- It develops an ecosystem with blockchain, infrastructure, governance, and policy
- More emphasis on the semantic web, which is the next massive transformation of web
- Blockchain chain technology,3D graphics, and artificial intelligence
How Will The Indian Market Deal With Web3 And NFTs?
In the above passage, we have discussed enough how Web3 will associate with emerging technologies and create a revolution in the market. Web3 will solicit virtual reality that is supported with blockchain-based digital assets. The trend of NFTs has spread across the globe, and any digital creator can sell his NFTs to anyone on the globe. Globally, several entrepreneurs have ventured into their NFT marketplace in the NFT space. NFTs have the scope to create billionaires within a short period of time. That is the magic of NFTs!
The leading NFT platform in India, BeyondLife.Club was the first one to come up with this unique concept. Both the Big B and Chakra NFT drops from them were a great success! Many experts have also expressed their thoughts that this will mark the beginning of the NFT era in the country. The NFT marketplace still has the list of NFTs, which individuals can also purchase now!