Редакція dev.uaCrypto
2 December 2024, 17:25
2024-12-02
Bitget Operations Director Vugar Usi Zade: "Web3 is a family of future unicorns. How to make money in the nascent market"
There is still no consensus in the world about what the real Web3, i.e., the next generation Internet, should look like. But one of its features was already clearly visible — Web3 projects should be decentralized and almost independent of regulation.
If we look at the crypto world that exists now, we will see that the old part of it is somehow trying to get along with the classic financial markets - to meet the requirements of regulation, taxation and so on. But its new part is completely different. It gives the crypto market some fresh air. This is a platform for conducting tests and experiments. It is in Web3 that new unicorns should be expected in the future.
There is still no consensus in the world about what the real Web3, i.e., the next generation Internet, should look like. But one of its features was already clearly visible — Web3 projects should be decentralized and almost independent of regulation.
If we look at the crypto world that exists now, we will see that the old part of it is trying to somehow get along with the classic financial markets — to meet the requirements of regulation, taxation, and so on. But its new part is completely different. It gives the crypto market some fresh air. This is a platform for conducting tests and experiments. It is in Web3 that new unicorns should be expected in the future.
Bitget Operations Director Vugar Usi Zade offers to find out what is happening in the Web3 world and most importantly, what are the earning opportunities in this new ecosystem.
How much money is there?
Let's start with an overview of the possibilities. Analytical reports of experts indicate that the Web3 market will be distinguished from other markets by faster growth rates in the coming decade.
Thus, according to Global Market Insights Inc., in 2023 the market for Web3 payment solutions was estimated at $9.64 billion. The company's analysts expect the market to grow at an annual rate of more than 28.5% between 2024 and 2032, driven by growing adoption of decentralized finance (DeFi), advances in blockchain technology, and growing demand for transparent technologies and secure payment systems.
The assessment of the analytical company Precedence Research looks even more attractive. The size of the global Web 3.0 market is $2.18 billion in 2023. Forecast: The market will reach approximately $65.78 billion by 2032. This is an average annual growth rate of 46% over the forecast period from 2023 to 2032.
"The Web 3.0 market is developing thanks to the development of the metaverse. The metauniverse can change the way we work, learn and play," Precedence Research analysts emphasize.
A market growth of 28-46% annually means only one thing for a competent trader: if you are well oriented in its specifics, the annual earnings can become comparable to this figure. Because a rapidly growing niche is definitely a prospect for everyone. But not everyone will be able to take advantage of this window of opportunity. Because you need to prepare well in advance to become one of the first. The "may I be lucky" approach will not work here. Prepare = study existing projects and try to interact with them.
Belonging to Web3
The Web 3.0 market includes various services and applications such as smart contracts, decentralized identity management, non-fungible tokens (NFTs), and decentralized finance (DeFi). By addressing the shortcomings of Web 2.0, these developments promote equality, openness and trust in the digital economy.
As the Web 3.0 industry continues to develop, significant changes are expected in several industries. For example, the decentralized architecture of Web 3.0 can make banking transactions safer, faster and cheaper.
It is also expected that the new era of creative professions and private projects on the Internet will grow faster thanks to the empowerment of people through greater control over their digital assets. Unlike the existing ecosystems of Facebook and Google, which we are used to, in the decentralized world of Web3, the rights to everything that a person has created on the Internet — a post, photo, video — will already belong directly to the creator, and not to the platform.
In the world of R&D and technology development, Web 3.0 will encourage engineers to collaborate on open source projects that can scale faster because an unlimited number of developers and resources can join them. Such flexibility and scalability in development will give a second breath to projects in the field of augmented reality (AR) and virtual reality (VR). New virtual worlds will become an integral part of Web 3.0, providing an exciting and interactive experience.
What successful Web3 startups look like
Not all Web3 projects are at their initial stage of development. Some dApps are already actively competing with their Web2 counterparts. For example, UAE-based streaming Web3 video platform myco has successfully raised $10 million from prominent venture capital investors this year. The platform already has more than 13 million registered users from more than 190 countries, making it a rising competitor to Netflix. Being flexible and fast, with access to crypto-capital, myco quickly buys rights to content and sports events around the world.
Fast Web3 projects literally open new niches, to which classic online businesses have been going for years. Check out PiP World, a ground-breaking gamified learning ecosystem that recently raised $10 million in seed funding from Exinity, a leading global fintech company.
The PiP World solution is aimed at quickly overcoming the gap in financial literacy among the societies of different countries.
For example, globally only 33% of adults demonstrate a basic knowledge of financial markets, highlighting the limitations of traditional teaching methods. With the rapid growth of DeFi and digital currencies, the gap between those who understand these concepts and those who do not has widened. Therefore, overcoming this inequality through learning in the form of a game opens up opportunities for millions of gamers who are used to this form of information acquisition.
How to invest in Web3
One of the important components of the Web3 world is a convenient mechanism for investing in successful projects. The clearer the platform will be, the easier it will be for the user to make his choice and invest money in a growing DeFi startup or any other project.
So we recommend paying attention to the Bitget exchange, which has a separate Web3 section. It hosts all the advanced initiatives for the Internet of the future, as well as access to NFT-investing . Directly on the exchange's website, you can go to its own DApp Store and filter Web3 services by categories — DeFi, GameFi, Social, Landing and others. There is also a function to add certain projects that you will want to follow further to the list of your favorites. You will also be able to track your own browsing history for Web3 startups.
You will also be able to easily buy and sell any Web3 assets on the special Bitget platform . These can be meme-coins, AI-meme-coins, Tiktok-memes, deSci and so on. On the platform, you can monitor the value of digital assets, its change, and the volume of trades in real time; you can easily track the most popular coins, add some of them to your favorites.
By the way, Bitget also has its own Web3 project. This is Bitget Wallet - the application can be downloaded directly from the website. This wallet gives access to a world of over 100 mainnets and over 250,000 cryptocurrencies. It has a defense fund of 300 million dollars is a commitment to all users.
Conclusion
Web3 is a new world of the Internet that is just being built. There is a place for everyone. But the best places will always go to the first and most active. We hope you will be among them.
