Blockchain Technology

Web 3 Business Models

Blockchain and Web 3 enable new business and revenue models. Web 2 is called the “platform economy” where you read and create content on platforms like Facebook and Youtube. Web 3 is called the “token economy” because it allows reading, writing, and value transfer via tokens. New business models, different value chains and adaptations of existing business models are expected. Web3 describes a version of the internet where data will be interconnected in a decentralized way. Web3 is an umbrella composed of various fields such as Semantic Web, AR/VR, large-scale AI, blockchain technology and decentralization.