Follow by Email
Facebook
Twitter
Telegram

Why Web 3 Is the Future of Crypto Financing

text Web 3.0 on business background for technology concept 3d rendering

Cryptocurrency has innovated the financing industry. However, crypto is still a new concept for many to grasp, and the basis of its value is unconventional. With the development of Web 3.0, it became the solution to early crypto problems.

What is Web 3.0, and what makes it the future of crypto financing? We will briefly discuss Web 3.0 and its development that defines the future of online banking.

Brief History of Web 3

It was in the late 80s that the Internet was developed as a form of digital communication. Company-owned the content and strictly read-only format. More than a decade has passed, and the age of social media has changed digital communication as we know it. Now companies provide information and a platform for individuals to create their content.  

Though content creators have an avenue to express themselves, they can’t own or make money out of their work. Many creators depended on ads to create revenue as advertising-driven content has flooded social media and is now the norm for years.

Now as Web 1 enables read-only sharing of information, Web 2 provides a platform for online content creation, and Web 3.0 provides user ownership through blockchain encryption, cryptocurrency, and NFTs.

Web 3.0 Features

A 3D rendered futuristic globe with data connected to each other held in a person’s hand

Web 3 empowers users by giving them ownership defined as read-write-own, surpassing Web 1 and 2 formats. Its features give users the security and capability to create content for monetization. This decentralizes the internet for equal access instead of relying on big companies to offer them the platform.

Revenue comes from using cryptocurrency for a secured payment method and does not rely upon traditional methods like banks. With cryptocurrency, Web 3 operates independently of third parties, running via economic systems and incentives.

With these features, Web 3 gives freedom for creators to their content without any restriction from a large company.

The Future of Crypto

The concept of decentralized access to the internet is new and constantly advancing, changing how we see the digital world. The Web 3 model offers more control to the users and a better grasp of the capabilities of the internet. With crypto as a currency basis, it is free from being bound to any institution or company.

Though it has its limitation as technology grows over time. Web 3 will be a defining factor in the future of cryptocurrency and the economy in the digital age. With cryptocurrencies like ETHI that innovate owning a rent-to-own real estate in the US, the future is bright for Web 3 and digital financing.

Related articles

Cryptocurrency Regulation By Nation 

Cryptocurrency was originally made without regulation in mind. As an alternate and less restricted form of currency, making transactions via the blockchain easier and more accessible to anyone. However, it also turned the crypto sphere into a Wild West – a field of lawlessness, risk, and rug pulls.  To address the ever-evolving crypto market, and backed by several recent big-time incidents, various countries […]

Learn More
Icon of NFT

5 Reasons Why Crypto Fares Better than Traditional Currency

Since the launch of Bitcoin in 2009, crypto has been on the path of becoming the primary form of currency. A decade down the line and with tons of tokens and coins out there, crypto continues to prove its worth. But how does it stack up against the good ol’ physical banknote? We’ve listed some […]

Learn More

Keep Your ETHi Tokens Safe with These Tips

Now that you have ETHi tokens stored in your crypto wallet keeping them safe is the next important step. While crypto banks are emerging on the blockchain, knowing how to protect your investments will be key to long-term success. Here are some tips to ensure your ETHi tokens are well-protected and safe. Stay on Top […]

Learn More