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Gartner: Web 3.0 Technology Will Soon Reach Its Tipping Point of Adoption

By WebsCryptoSeptember 5, 20221 Min Read
Gartner: Web 3.0 Technology Will Soon Reach Its Tipping Point of Adoption
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According to Market Research Future, by 2023, the value of the Web3.0 blockchain technology field will exceed $6 trillion, and from 2023 to 2030, Web3.0 will continue to grow at a compound annual growth rate of 44.6%.

Because Web 3.0 relies heavily on blockchain, many people mistakenly believe that its fate is inevitably tied to the volatile cryptocurrency market. However, cryptocurrencies are only part of the new frontier.

Gartner explained that while cryptocurrencies crashed in the first half of 2022, policymakers should not assume that the value of Web 3.0 technologies would be affected.

Web 3.0 technology will soon reach its tipping point of adoption, with applications ranging from aircraft maintenance to food safety tokenizing its applications.

Related:  Sony and Astar Network Launch Web3 Incubation Program for NFT and DAO-Focused Projects

Aarti Dhapte, senior research analyst at Market Research Future, said that blockchain is a proven technology that can ensure a new level of security for cryptocurrencies and NFTs.

Now, it’s poised to finally transform the next generation of networking technology. The Web3 blockchain will revolutionize existing routine processes in different industries.

DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
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