![]() Web 3.0 and crypto startups, for example, have more than taken in, according to statistics from Venture Intelligence, a financial analytics firm $1 billion in funding 43 deals in the first six months of 2022. Increasing investment in Web 3.0 blockchain technology to expand its application is a major factor in the growth of the industry. how customers communicate, interact and form communities. Web 3.0 technology is also used in social networking platforms aiming to improve customer experience, e.g. Web 3.0 blockchain market growth and trends Read the 150-page full market research report for more insight, » Web 3.0 Blockchain Market Size, Share and Trends Analysis Report by Blockchain Type, by Application (Cryptocurrency, Conversational AI, Data and Transaction Storage), by End Use, by Region and Segment Forecasts, 2022 – 2030 ‘, published by Grand View Research. In addition, increasing investment in Web 3.0 research and development is expected to support growth. The increasing advances in 5G, artificial intelligence and machine learning are the main factor behind the growth of Asia Pacific Region. ![]() ![]() That Asia Pacific is expected to register the fastest growth during the forecast period. Increasing demand for web 3.0 blockchain in retail and e-commerce is expected to drive segment growth due to benefits such as reduced costs, faster payments, improved security and increased transparency. The retail and e-commerce segment is expected to register the fastest growth during the forecast period. Web 3.0 cryptocurrencies use blockchain and smart contracts to automate transactions and eliminate the need for a third party to help the segment grow. Businesses increasingly require powerful cryptocurrency transaction services. The cryptocurrency segment dominated the market in 2021. The growth of the segment is attributed to increased demand for public blockchain technology due to its free, secure, and permissionless accessibility to anyone with internet access. The public segment dominated the market in 2021. Key industry insights and takeaways from the report: ![]()
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