Press release
Web 3.0 Value Chain Demystified Market Key assets, Leading Players, Blockchain Wallets Analysis
Web 3.0 Value Chain Demystified Market report analyses the dynamic trends and changes taking place in the Web 3.0 landscape with main focus on blockchain wallets, decentralised finance (DeFi) and institutional staking services.In addition to breaking down the Web 3.0 value chain, it examines the key DeFi players and solutions, as well as the different business models being adopted by the market.
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Solutions identified include:
Uniswap: DEX (Decentralised Exchange) built using automated liquidity provision on Ethereum
Aave: A decentralised, non-custodial, liquidity protocol that matches lenders and borrowers
Strike: Bitcoin payment provider using Lightning Network
Ripple: A proprietary payment settlement system
While exploring the emerging institutional staking business models, the report also analyses the market reaction after the Ethereum (ETH)' execution layer upgrade (Shanghai upgrade), activated on 14th May 2023, to provide post-upgrade insights, moving from a proof-of-work (PoW) to a proof-of-stake (PoS).
The final chapter of the study focuses on the global regulatory framework. It provides an analysis of the regulatory landscape in the US (federal and state initiatives) and Europe (MiCa regulatory framework), as well as El Salvador's bitcoin legal tender law.
Geographic area:
World
Web 3.0, also known as the decentralized web, refers to the next generation of the internet that aims to empower users, enhance privacy, and enable more efficient and secure digital interactions. The value chain of Web 3.0 consists of various components and stakeholders that work together to create and deliver decentralized services and applications. Let's demystify the Web 3.0 value chain:
Blockchain and Distributed Ledger Technology (DLT): At the core of Web 3.0 is blockchain and DLT. These technologies provide the foundation for decentralized data storage, consensus mechanisms, and trustless transactions. They enable transparent and secure interactions, removing the need for centralized intermediaries.
Decentralized Applications (DApps): DApps are the applications built on top of blockchain and DLT platforms. These applications leverage the decentralized nature of Web 3.0 to offer various services and functionalities, such as finance, governance, social media, gaming, and more. DApps rely on smart contracts, which are self-executing agreements running on the blockchain, ensuring transparency and immutability.
Interoperability Protocols: Interoperability protocols enable seamless communication and data exchange between different blockchains and DLT networks. They facilitate the integration and collaboration of diverse decentralized systems, allowing users to interact across multiple platforms and access a broader range of services.
Tokenization and Cryptocurrencies: Web 3.0 introduces the concept of tokenization, where assets, utilities, or services are represented as digital tokens on the blockchain. Cryptocurrencies play a significant role in the Web 3.0 ecosystem, enabling secure and borderless value transfer. Tokens can represent ownership, access rights, governance, and other forms of digital assets.
Decentralized Identity: Web 3.0 aims to give users control over their digital identities. Decentralized identity solutions enable individuals to manage and protect their personal data, allowing for more privacy and security online. Users can selectively share their data with trusted entities while maintaining ownership and control.
Decentralized Storage and Content Delivery: Web 3.0 embraces decentralized storage and content delivery networks (CDNs) to distribute and store data across multiple nodes. This approach improves data availability, resilience, and censorship resistance. Content creators can leverage these decentralized systems to distribute and monetize their content directly, bypassing traditional intermediaries.
Governance and Consensus Mechanisms: Web 3.0 introduces new models of governance and consensus mechanisms. Decentralized autonomous organizations (DAOs) enable community-driven decision-making, where stakeholders participate in the governance and management of decentralized systems. Consensus mechanisms, such as proof-of-stake (PoS) or delegated proof-of-stake (DPoS), ensure the security and integrity of the network.
User Experience and User Interfaces: User experience (UX) and user interfaces (UI) play a crucial role in driving adoption of Web 3.0. User-friendly interfaces, wallets, and decentralized browsers simplify the interaction with decentralized applications, making them more accessible to a broader audience.
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The Web 3.0 value chain involves collaboration and innovation across these components to create a decentralized, open, and user-centric internet ecosystem. As the technology continues to evolve, new players, partnerships, and advancements will shape the Web 3.0 landscape, ushering in a more democratized and inclusive digital future.
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