Where Web3 Is Right Now
From what we’ve learned thus far, it is clear web3 has a lot of potential to help people. Check out this tweet thread to learn who web3 can currently help:
But even with potential, the web3 space has proven to have flaws that has caused concern to the public eye. And while crypto has been in bear market for some time now, stretching back to last year, crypto has slightly rebounded to start 2023.
Bitcoin's Support Near $20,000 Has Been 'Astounding,' Says Expert
Bitcoin prices have been trading relatively close to the $20,000 level for weeks now, a development that one analyst has described as being particularly worthy of mention. "BTC's strength of support around $20k has been astounding!" said Tim Enneking, managing director of Digital Capital Management.
Here is a more comprehensive outlook into the current state of Web3 as of recently:
The State of Web3 in 2023
2022 was very stressful for many web3 enthusiasts. Major cryptocurrencies have declined significantly, the community witnessed the rise and fall of interest in non-fungible tokens (NFTs), and the FTX downfall greatly impacted the whole industry. But despite all the negative things in the industry, more and more companies aim to shape the web3 field.
The Future of Web3
Web3 is constantly evolving. It is an exciting time to be in the space! So, let’s hear what the experts think is the next evolution of web3 in this coming year:
The first tweet is a long-term crypto prediction by the excellent Coach JV, the CEO of the crypto company 3T Warrior Academy. They have a YouTube that is full of useful videos to dive more into cryptocurrencies so check them out. The second link takes you to the takeaways that came from the World Economic Forum conference in Davos. Amidst a gloomy outlook, crypto investors in Davos are still optimistic about the coming trend in Web3 happening this year. This is also laid out in full with the below Forbes article.
Finally, look at the Messari Crypto report. It is one of the best resources out there. Incredible stuff.
Going mainstream: four Web3 developments to watch in 2023
Davos 2023 The global Web3 market was worth approximately $3.2 billion in 2021, and is projected to continue growing in the next decade Image: Getty Images/iStockphoto Project Specialist, Crypto Impact and Sustainability Accelerator, World Economic Forum Stay up to date: Davos 2023 Follow The Web3 industry is evolving rapidly Image: Emergen Research Discover How is the World Economic Forum promoting the responsible use of blockchain?
Huge $3 Trillion Bitcoin Price Prediction Comes With A Stark 2023 Warning
Bitcoin has surged into 2023, adding almost 40% since the beginning of the year ( despite growing fears of a "disastrous global financial meltdown"). Forbes' CryptoAsset & Blockchain Advisor and successfully navigate the latest bitcoin and crypto market crash The bitcoin price has climbed to highs not seen since late August, erasing its losses in the aftermath of the shock FTX crypto exchange collapse- though "contagion" could be about to hit other major crypto companies.
MESSARI CRYPTO REPORT 2023:
- 10 million rabbit-holes in one document
- READ IT...or else!!
Lots of cool stuff is happening in web3 that may not be seen by the public eye. Like A LOT.
It can be intoxicating to think about. In reality, nobody knows what web3 applications will change the world in 10 years. A lot of stuff will crash & burn. Others will win out BIG TIME.
Being educated on what is happening right now & what smart people think will change the future will help you make more thoughtful predictions.
Pretty cool stuff, huh? You want to know what’s even cooler? You can be a part of the web3 movement! By reading these onboarding docs, you understand more about web3 than 95% of people. You can be the person who helps build the future of the internet!!! The only barrier to entry is your capacity and willingness to learn.
So, where should you go to learn more about crypto? These onboarding docs are a great starting point, but where can you jump into the world of crypto?
Let us show you how to become a self-sufficient crypto builder/learner/creator.
Time to spread those wings and fly! Check out the next page.