In this article, we explore WalletConnect's features, its native token (WCT) and how you can trade WCT on Bybit Spot and Futures.​

WalletConnect is an open source bridging protocol that facilitates secure connections between digital wallets and 

 (DApps). With over 38 million unique active wallets and 57,000 supported apps, it’s getting noticed by the crypto community. In this article, we explore WalletConnect's features, its native token (WCT) and how you can trade WCT on Bybit.​

 protocol that allows users to connect their mobile wallets to DApps via QR code. This eliminates the need for browser extensions, and enhances security by keeping 

The protocol supports a wide range of wallets and DApps, making it a versatile tool for users navigating DeFi and web3.

 is essentially a decentralized infrastructure that facilitates a uniformed way for users to easily connect their crypto wallets with thousands of DApps. It operates through a network of

 that relay messages, ensuring reliable and secure connections. The network's design emphasizes scalability and resilience, catering to the growing demands of DeFi. 

When a user initiates a connection between their wallet and a DApp, WalletConnect establishes a secure session through a relay server that enables encrypted communication, allowing users to interact with DApps directly from their wallets. 

The network's architecture ensures that messages are transmitted efficiently, maintaining a seamless user experience.​

The WalletConnect ecosystem comprises various stakeholders, including node operators, wallet providers and DApp developers. Node operators play a crucial role by maintaining the network's infrastructure and relaying messages. 

To incentivize participation, the network implements a rewards mechanism whereby node operators earn WCT tokens, based on their performance and contribution. Prominent organizations like Consensys, Ledger and Figment are among the network's node operators, underscoring its robustness and reliability.​

 is the native utility and governance token of the WalletConnect network. It has a total supply of 1 billion, 

Initially, WCT is nontransferable to ensure that tokens remain within the WalletConnect ecosystem, supporting its focus on network functionality and development. Based on discussions within the community, transfers will be enabled based on community consensus and future governance decisions.

Where to buy the WalletConnect token (WCT)

 on Bybit Spot, and as a Perpetual contract with up to 75x 

. Bybit provides a secure and user-friendly platform for buying and selling WCT, allowing users to participate in the WalletConnect ecosystem. 

How to trade the WalletConnect token (WCT) on Bybit

Bybit's platform ensures efficient execution and provides various tools to assist users in their trading journey with ease.​ 

Intermediate

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WalletConnect (WCT): Bridging web3 beyond wallets and DApps

Circle has launched the Circle Payments Network (CPN), a global payment solution designed to streamline cross-border transactions using stablecoins like USDC and EURC for real-time settlement. 

The S&P 500 rose 2.51% as investor confidence improved following President Trump’s support for Fed Chair Powell and hints of easing U.S.-China trade tensions, despite tempered optimism and Tesla’s earnings miss. Gold rebounds toward $3,400 as the US Dollar weakens and investor caution lingers over US-China trade and Fed concerns. Technicals suggest a possible pullback, with focus shifting to upcoming S&P Global PMI data. The Coindesk Indices, which tracks the broader crypto market, rose 7.46%, with Bitcoin and Ether up 4.68% and 7.70%, respectively, in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is DEEP, up 122.1%, following the launch of DeepBook v3.1 on Sui, which unlocks permissionless pools, enhanced balance management, and cost-efficiency for DeFi.

DeepBook (DEEP), launched on July 12, 2023,  is Sui’s native liquidity layer, using a central limit order book to enable high-throughput, low-slippage, and low-fee trading. 

, introduces several key upgrades: permissionless pools, revamped fee mechanics, and enhanced balance management. These changes make DeepBook more accessible, composable, and cost-efficient for DeFi users. Permissionless pools allow anyone to create custom trading pairs, while the enhanced balance manager supports third-party liquidations and improves protocol stability and user experience.

Check out the latest prices, charts, and data of 

, a global payment solution designed to streamline cross-border transactions using stablecoins like USDC and EURC for real-time settlement. CPN offers faster, programmable, secure, and always-available money movement for financial institutions. It supports services like invoice payments, remittances, treasury services, and payroll payouts. Over 20 design partners, including dLocal, WorldRemit, and BVNK, are contributing to building a more efficient global payments infrastructure.

Yesterday, Bitcoin spot ETFs saw $719.2M in total inflows, with $654.1M from non-GBTC funds and $65.1M from GBTC.

 its incentivized testnet, allowing users to earn $SO tokens by testing its cross-chain lending platform. By supplying and borrowing assets across chains and completing quests, participants earn "Seeds," which will convert to $SO at TGE. Powered by LayerZero, Soul aims to unify liquidity across blockchains.

Beginner

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Circle launches Circle Payments Network for faster, secure global transactions using stablecoins

VeChain (VET) is a blockchain platform focused on sustainability, using eco-friendly technology to support green initiatives across industries and drive a more sustainable future.

Sustainability is now the name of the game across many industries. The blockchain industry is one of them, with several projects aiming to reduce the energy impact of their operations or support green causes in other ways. However, on closer inspection, sustainability has received much less attention in the world of blockchain technology than many people may assume. Indeed, the industry's two leading data portals, CoinGecko and CoinMarketCap, have no "Sustainability" or similar category, despite coming up with hundreds of other classifications.

Some smaller-cap projects outside of the top 100, such as 

 (IOTA), do focus on supporting environmental causes. But in the entire list of top 100 cryptocurrencies by market cap, only one project can confidently be described as having sustainability as its key pillar — 

With a market cap of $2 billion (as of the time of writing on Apr 22, 2025), VeChain stands head and shoulders above any other crypto project in the sustainability niche. The project has been fully operational since 2018, and is among the oldest environmentally focused blockchain initiatives. In short, if we talk about sustainability and blockchain, it would be disingenuous not to mention VeChain and its 

Having championed green blockchain causes since 2018, VeChain announced a significant upgrade initiative in late 2024 to be rolled out in stages during 2025. Called Renaissance, it’s envisioned to further solidify VeChain's position as the leader of eco-friendly blockchain use and introduce a host of technical improvements. In fact, 2025 is the year of the most fundamental upgrade to this notable industry player in its entire history on the market, so it's precisely the time to revisit this project in our coverage.

VeChain (VET) is a decentralized project designed to support sustainability-focused blockchain use cases across various industry verticals.

 The company was first conceptualized and founded as a blockchain project in 2015 by Chinese technology professional Sunny Lu. It launched its Layer 1 network, VeChainThor (VTHO), in mid-2018, becoming one of the first decentralized initiatives to support eco-friendly applications on-chain. The VeChainThor network features low transaction fees and high levels of scalability.

For years, the VeChain blockchain has remained probably the leading decentralized platform in the niche of sustainability. As of April 2025, it retains the leadership position, and is ranked 56th among all cryptocurrencies, with a market cap of $2 billion.

VeChain's sustainable blockchain technology

Many blockchains claiming to support environmental causes typically use the 

, which is indeed much more energy-efficient than the power-hungry 

 (BTC). By using PoS, these blockchains have boldly announced that their energy use is much lower than Bitcoin's. While this is true, these platforms are essentially general-purpose networks that don't specifically design their operations with any particular sustainability use case in mind.

Instead of these two typical consensus mechanisms, the VeChainThor blockchain uses 

 (PoA), touted to be even more energy-efficient than the standard PoS employed by 

 chains. In a typical PoA consensus, a smaller number of validators with "authority" — i.e., a history of reliable behavior on the network — are entrusted to process blocks. This is in contrast to PoS, whereby many validators take part in the staking contest to outperform each other in terms of token holdings. They then receive the right to validate the next block, and have to constantly align their consensus process with other 

As a result, PoS is usually less energy-efficient than PoA. VeChain's PoA model elegantly combines efficient processing, minimal energy use and high levels of enterprise-grade security.

The VeChainThor blockchain network's processing engine also features compatibility with the 

 (EVM), making cross-chain communication with the Ethereum world much easier for VeChain developers and 

PoA block validation isn’t the only sustainability-minded feature of VeChain. Unlike many other popular chains, VeChain also directly enables sustainability use cases, primarily by utilizing its tamperproof and transparent data-tracking mechanism. Thus, enterprises across different industries can track and reliably verify the origin of goods and their sustainability status for eco-friendly supply chain management. For instance, supermarket chains can use the platform to track and verify the carbon footprint of the produce they source; logistics companies can calculate the overall emissions generated along their supply chains; and fashion brands can track sustainable sourcing of materials used for their product lines.

Besides its own blockchain, the project also offers a blockchain-as-a-service (BaaS) platform, VeChain ToolChain, to help businesses integrate VeChain's technology into their business processes via standardized smart contract services.

To further position itself as a champion of sustainability, VeChain launched 

 represents an on-chain ecosystem of DApps that reward VeChain users for completing various eco-friendly tasks, such as using reusable coffee cups, shopping for organic products, picking litter off streets and more. VeBetterDAO is the project’s foray into the individual consumer side of environmentalism, which complements the VeChain platform’s long-standing sustainability features for the enterprise world.

In late 2024, VeChain first announced its planned multi-stage upgrade, Renaissance, to make the platform even more efficient. Its changes are envisioned to take place gradually throughout 2025, and possibly beyond. The Renaissance upgrade touches many parts of the platform, with three key areas involved — a new VeChain staking and node model, technical updates and changes to the dual token mechanism. We'll cover the first two areas below, and the changes to VeChain’s tokenomics in the next section.

VeChain’s PoA block validation model uses a group of 101 trusted Authority Masternodes (AMs) who will fully transition to Validators under the new Renaissance model by December 2025. Each Authority Masternode is approved by the VeChain Foundation. These nodes are responsible for generating transaction blocks. You’ll need to 

 at least 25 million VET to participate in block production, which occurs in fixed 14-day cycles.

Under the platform’s pre-Renaissance model, there are two more types of specialized nodes — Economic and X-Nodes — who stake their tokens to a selected AM/Validator and participate in 

 on the platform. After the Renaissance upgrade is fully rolled out, Economic nodes and X-Nodes will be replaced by a tiered system of Delegator nodes.

Delegators will need to stake a certain amount of VET tokens to mint Delegator 

, which will entitle them to different grades of staking reward multipliers. The more you stake, the higher grade of NFT you receive, and the higher your staking rewards will be. When blocks are produced, AMs/Validators will receive 30% of the total block reward, with the remaining 70% going to holders of the Delegator NFTs.

The image below shows the new Delegator NFT–tiered model, with minimum VET staking requirements and reward multipliers.

While the VeChainThor network is EVM-compatible, there are still differences between its technical parameters and the standard EVM used by Ethereum. For this reason, the Renaissance upgrade aims to reach full EVM compatibility, including implementing the JSON-RPC (

remote procedure call) extensively employed within the Ethereum blockchain.

As part of the Renaissance upgrade, the project will also introduce a new set of tools to achieve more seamless cross-chain capabilities. This will involve integrating new 

The VeChain token model has always been based on two cryptocurrencies: VET and VTHO. VET is the 

 that acts as the main means of value storage and transfer on the platform, while VTHO is used to pay for gas. Now, the Renaissance upgrade also changes the way the dual-token mechanism operates.

Before the upgrade fully kicks in, VTHO is still generated by simply holding VET. After the Renaissance, only staked VET will generate new VTHO for the holder. This should better align VTHO with the active participation of users on the platform. VTHO's inflation rate will also be cut by over 70%, as its issuance will be aligned to a new emission model that considers the total amount of VET staked on the platform.

To further reduce the inflationary properties of VTHO, 100% of all base transaction fees on the network, which are all paid with VTHO, will be 

VET is the platform’s value transfer and storage token. It’s also used for governance and access to various features and apps on the network. VET is a supply-capped token with a max supply of just over 86.7 billion. These properties will not change following the Renaissance upgrade.

VTHO, which is used to pay for gas fees on VeChainThor, is an inflationary token with an uncapped supply. It currently has a total supply of almost 88,7 billion. As noted above, after Renaissance, VTHO will be generated via staking only, and will feature a burn mechanism to reduce its inflation rate.

t as a swap pair with USDT, and on the Derivatives market as the 

In addition, you can take advantage of Bybit’s event dedicated to the VET token to grab a share of a 

. New users can earn VET rewards by accumulating a deposit volume of at least 5,000 VET, or by depositing at least 100 USDT and trading 100 USDT worth of VET via their first Spot trade using their Bybit account. Meanwhile, existing users can also qualify for rewards by trading at least 500 USDT worth of VET on the Bybit Spot market. The event runs through Apr 28, 2025, 9AM UTC.

As of Apr 23, 2025, the VET token is trading at $0.02576, which is 90.8% lower than its ATH of $0.281 on Apr 19, 2021, and 1,243.2% higher than its ATL of $0.001917 on Mar 13, 2020.

Long-term price forecasts for VET are mostly bullish. DigitalCoinPrice 

 of $0.088 in 2027 and $0.14 in 2030, while PricePrediction 

In the long term, VET might even rise to $1, at least according to PricePrediction’s forecast. Its portal is highly optimistic, estimating that VET will hit the $1 mark in 2034.

You might consider investing in the VeChain token VET based on the following:

When Sunny Lu created VeChain in 2015, his vision focused on sustainability issues. VeChain's work in this area has led to the creation of the first decentralized network truly dedicated to making a tangible environmental impact. The entire VeChain ecosystem — including the VeChainThor blockchain platform, VeBetterDAO and VeChain Toolchain — continues to serve as a significant enabler of sustainable technology in the business world.

Now, with the Renaissance upgrade being rolled out for the duration of 2025, VeChain aims to solidify its leadership in this sphere. With the Renaissance upon us, it's hard to see any blockchain platform that could challenge VeChain in the area of sustainability anytime soon.

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What is VeChain (VET): Building a sustainable future for all

StablR USD (USDR) is a MiCA-compliant stablecoin, fully backed 1:1 with USD, offering secure, transparent digital payments in the European economy.

 continues to gain ground in the crypto world, most countries are leaning toward having a framework to govern and regulate these digital assets. One such framework is the Markets in Crypto-Assets Regulation (MiCAR, or MiCA for short), the European Union’s gateway for regulating digital assets that aims to provide legal clarity, consumer protection and financial stability.

 — particularly those pegged to fiat currencies — must meet strict standards for transparency, reserve backing and operational governance to be approved for circulation in the EU.

StablR USD is a fully MiCA-compliant, eurozone-issued stablecoin pegged 1:1 to the United States dollar. Built with regulatory alignment at its core, StablR offers a transparent, secure and compliant digital dollar solution tailored for the European market, making it a key player in the future of regulated digital finance.

Let’s learn more about this electronic money token and stablecoin.

 is a company that offers MiCA-compliant electronic money tokens (EMTs) pegged to the dollar at a ratio of 1:1 to each of its fiat equivalents. 

 to provide transparent, secure and regulatory-compliant EMTs that fuel the global economy.

The Malta-based Dutch company currently offers two MiCA-compliant stablecoins: EURR and USDR. EURR is a fiat-backed stablecoin, pegged to the euro 1:1, that runs on the Ethereum blockchain. Meanwhile, USDR is its US dollar–backed stablecoin counterpart that can be redeemed for its fiat equivalent at any time.

StablR is keen on transparency, providing a 

 (PoR) page that shows the current supply and reserves available for its stablecoins. The company leverages a trusted banking custodian to ensure the reserves match or exceed the issued stablecoins.

StablR USD (USDR) is a eurozone-issued, MiCA-compliant 

 fully backed 1:1 with US dollar reserves held in EU-regulated financial institutions. Designed for stability, transparency and regulatory alignment, it offers a secure and compliant gateway to digital finance within the European Union (EU).

Importantly, StablR USD (USDR) isn’t the same as Real USD (USDR), a separate token that recently experienced a significant depeg. StablR USD maintains full transparency and stability, offering real-time reserve attestations, strict compliance with MiCA regulations and the right of redemption for authorized users. This ensures that each USDR can always be redeemed for $1. 

With its strong regulatory foundation and commitment to transparency, StablR USD is positioned as a trusted stablecoin for the future of tokenized finance in Europe.

An electronic money token (EMT) is a type of crypto asset defined under MiCA. EMTs are digital representations of fiat currency — just as the euro or StablR USD (USDR) is a eurozone-issued, MiCA-compliant stablecoin fully backed 1:1 with US dollar reserves held in EU-regulated financial institutions. Essentially, EMTs are a form of stablecoins, and are digital versions of traditional e-money, combining the speed and efficiency of blockchain with the reliability of government-issued currencies.

To be classified as an EMT under MiCA, a stablecoin must meet strict regulatory requirements, including full reserve backing, daily redemption rights and transparency around reserve holdings. Issuers must also be authorized by an EU financial authority, and comply with ongoing audits and consumer protection measures.

EMTs are designed to enable everyday payments, digital commerce and cross-border transactions, offering a compliant and stable alternative to more volatile crypto assets.

You can buy USDR on Bybit’s Spot trading platform (Netherlands only), where it's available as part of two pairs, USDR/USDT and BTC/USDR.

To celebrate the listing, Bybit is holding three special events 

 that will run through May 11, 2025, 9AM UTC. You need to register for the events to get started.

As MiCA regulations take hold, StablR USD (USDR) is leading the way in trustworthy, tokenized value powered by blockchain technology. Its diverse range of use cases, from payments to DeFi, position it as a cornerstone for compliant digital finance. A reliable, MiCA-compliant stablecoin that’s purpose-built for the European digital economy with full 1:1 USD backing held in regulated EU financial institutions and the right of redemption, StablR delivers trust and security in the rapidly evolving stablecoin market.

usdr stablecoin.png

StablR USD (USDR): A trusted digital dollar for a borderless economy

Bybit Learn

web3

Explainers

Web 3.0 is permissionless, decentralized and it boats its ability to accurately interpret queries both conceptually and contextually. But how does blockchain plays a role in this evolution? Learn more.

Imagine a future where the internet is decentralized, putting power back into the hands of users and away from big tech companies. A future where you have complete control over your data, and digital assets are easily traded or owned. Welcome to the world of Web 3.0! In this blog post, we will explore the evolution of the internet from its early days to the vision of Web 3.0, the key features and technologies that define this new era, and the real-world applications and challenges that lie ahead. So, what is Web 3? Let’s dive in and find out.

Web 3.0 heralds a new era of the internet, one that promises to decentralize power away from tech giants and empower individuals like never before. With core concepts such as the decentralized web, token-based economies, and 

 technology, Web 3.0 aims to improve user interaction and control, offering a paradigm shift in how we use the internet.

The potential of Web 3.0 is immense, with disruptive applications such as decentralized autonomous organizations (DAOs), 

 and virtual worlds, and non-fungible tokens (NFTs).

Decentralization is an empowering concept that shifts power from centralized entities like banks and governments back to users, giving them more control over their data and enabling secure 

 transactions without intermediaries. In the context of Web 3.0, decentralization allows for innovative services like decentralized finance (DeFi) and dApps, which rely on decentralized networks and blockchain technology to bypass centralized control and provide users with a more secure and transparent experience.

Blockchain technology is the foundation of Web 3.0, enabling decentralization, secure storage of information, and the use of cryptocurrencies for transactions. With the exciting functionalities of blockchain, such as decentralized governance, redefined data ownership, and trustless and permissionless controls, Web 3.0 is set to revolutionize the way we interact with the internet and each other.

From tokenizing web assets to creating such decentralized apps (dApps), the potential applications of blockchain in Web 3.0 are vast and groundbreaking.

Evolution of the Internet: From Web 1.0 to Web 3.0

The internet has come a long way from its humble beginnings as a network of static web pages and limited interactivity (Web 1.0) to the current era of social media, user-generated content, and personalized experiences (Web 2.0). As we transition into Web 3.0, we can expect a more decentralized and equitable internet, powered by blockchain technology and focused on user ownership and privacy.

With this new era comes exciting opportunities and challenges, as we explore the development of Web 3.0 and its real-world applications.

Web 1.0 marked the pioneering generation of the internet, with the following characteristics:

The first website was launched in 1991, and while Web 1.0 was an important milestone in the history of the internet, it was just the beginning of an incredible digital journey.

Web 2.0: The Rise of Social Media and User-Generated Content

Web 2.0 represented a significant shift in the internet landscape, enabling internet users to:

This era was defined by social media platforms like Facebook, Twitter, and YouTube, and the explosion of user-generated content. Web 2.0 transformed the internet from a static information source to a participatory platform.

The dynamic, interactive nature of the existing web, Web 2.0, set the stage for the next evolution of the internet: Web 3.0, which is web 3.0’s foundation.

Web 3.0 envisions a decentralized internet that empowers users with control over their data and enables secure, peer-to-peer transactions without the need for intermediaries. This new era of the internet is powered by blockchain technology, which facilitates decentralization, secure storage of information, and the use of cryptocurrencies for transactions.

With the rise of decentralized apps (dApps), non-fungible tokens (NFTs), and the metaverse, Web 3.0 promises to bring about a paradigm shift in how we interact with the digital world, creating a more equitable and democratic internet experience.

Web 3.0 is characterized by its core technologies and features, such as:

These innovations hold the potential to revolutionize the way we use the internet, offering a more intelligent, personalized experience for users, and fostering the growth of decentralized data networks.

This section covers the primary components and innovations that characterize Web 3.0, outlining the potential and challenges that await.

The semantic web is a key feature of Web 3.0, enabling AI to understand the meaning of web content and user commands, providing more efficient and tailored responses. With machine learning and artificial intelligence, Web 3.0 can offer a more personalized and intelligent internet experience, adapting to user needs and preferences.

This has the potential to revolutionize areas like search engines and targeted advertising, creating a more seamless and user-friendly web experience.

Decentralized finance (DeFi) is a groundbreaking innovation in Web 3.0, offering a new way to access financial services without the need for central authorities such as banks or payment processors. By leveraging blockchain technology and smart contracts, DeFi enables secure, transparent, and permissionless financial transactions, giving users more control over their financial dealings.

DeFi, with its ability to transform the financial sector, presents an enticing opportunity for individuals interested in investing or participating in the digital economy.

Non-fungible tokens (NFTs) are unique digital assets that represent ownership of items such as digital art, collectibles, and in-game items. Stored securely on a blockchain, NFTs offer a new way to establish ownership, trade, and monetize digital assets, perfectly fitting into Web 3.0’s vision of user control and decentralization.

With endless possibilities for tokenizing and trading digital assets, NFTs have the potential to reshape the digital landscape and unlock new opportunities for creators and collectors alike.

Web 3.0 technologies are already being put to use in a variety of real-world applications, from decentralized autonomous organizations (DAOs) and virtual worlds to enhanced privacy and data control. These applications showcase the potential of Web 3.0 to revolutionize the way we interact with the digital world, creating new opportunities and challenges for individuals, businesses, and governments alike.

This section highlights several promising real-world applications of Web 3.0 and discusses their possible influence on our digital interactions.

Decentralized Autonomous Organizations (DAOs)

Decentralized autonomous organizations (DAOs) are a groundbreaking application of Web 3.0, enabling groups to come together for a common purpose with rules, plans, and objectives encoded on the blockchain. DAOs are controlled by their members, operating based on a democratic structure where votes are cast in connection with the number of crypto tokens users hold, allowing for a more efficient and transparent system.

With the potential to reshape organizational structures and decision-making processes, DAOs offer an exciting glimpse into the future of governance and collaboration in the decentralized internet.

The metaverse and virtual worlds are another exciting application of Web 3.0, offering immersive, 3D environments where people can express themselves through avatars and engage in various activities. Web 3.0 technologies like blockchain and NFTs enable secure transactions, verifiable ownership of digital assets, and virtual economies within these virtual worlds.

As the metaverse continues to grow and evolve, it has the potential to revolutionize the way we interact with digital content, creating new opportunities for socialization, collaboration, and entertainment.

Web 3.0 technologies have the potential to greatly improve user privacy and control over personal data. By leveraging blockchain technology and decentralized networks, Web 3.0 enables users to:

This empowers users with more control over their data, allowing them to decide when and how their information is used and shared.

As concerns around data privacy continue to grow, Web 3.0 offers a promising solution for a more secure and transparent digital experience.

While Web 3.0 holds immense promise, it is not without its challenges and criticisms. From technological complexity and regulatory hurdles to concerns about the concentration of power and resources among early adopters, the road to a decentralized internet is paved with potential obstacles.

This section discusses some notable challenges and criticisms associated with the development and adoption of Web 3.0 while offering insight into the opportunities and possible solutions to these problems.

One of the main challenges facing Web 3.0 is the technological complexity of its underlying systems, such as blockchain, decentralized networks, and smart contracts. This complexity can present a steep learning curve for developers and users alike, making it difficult for some to fully grasp and utilize the capabilities of Web 3.0.

However, with the right resources and support, individuals can overcome these challenges and unlock the full potential of this exciting new era of the internet.

Regulatory and legal issues are another challenge facing Web 3.0, as the decentralized nature of the technology raises questions about jurisdiction, compliance, and enforcement. Different countries and states have varying laws and regulations concerning blockchain and cryptocurrency, making it difficult to navigate the legal landscape for both developers and users.

As Web 3.0 adoption increases, it becomes necessary for governments and regulators to create transparent frameworks and guidelines to guarantee a safe and secure digital environment for everyone.

Unequal Distribution of Power and Resources

While Web 3.0 aims to decentralize power and create a more equitable internet, there are concerns that early adopters and investors may wield a disproportionate amount of influence and control over the development and direction of the technology. This could potentially lead to a concentration of power and resources that undermines the goals of decentralization and democratization.

Addressing these concerns and assuring a more balanced power and resources distribution are key in tapping the full potential of Web 3.0 and fostering a truly inclusive digital landscape.

If you’re inspired by the potential of Web 3.0 and want to get involved, there are a variety of ways to participate and support the development of this exciting new era of the internet. From investing in cryptocurrencies and digital assets to developing decentralized apps (dApps) and promoting widespread adoption, there are countless opportunities to contribute to the growth and success of Web 3.0.

This section offers advice on how you can participate and contribute positively to the digital ecosystem.

Investing in Cryptocurrencies and Digital Assets

One way to get involved in Web 3.0 is by investing in cryptocurrencies and digital assets, such as digital art and non-fungible tokens (NFTs). Cryptocurrencies like Bitcoin, Ethereum, and others can provide exposure to the growing digital economy, while digital art and NFTs offer unique investment opportunities in the world of digital assets.

Like any other investment, conducting careful research and seeking advice from a financial advisor is integral to determine the most suitable course of action for your particular situation.

Developing decentralized apps (dApps) is another way to get involved in Web 3.0, offering the opportunity to create innovative applications that leverage blockchain technology and decentralized networks. By learning programming languages such as Solidity, Python, and Java, and familiarizing yourself with blockchain platforms like Ethereum, Hyperledger Fabric, and IBM Blockchain, you can develop dApps that empower users and contribute to the growth of the decentralized internet.

Finally, supporting Web 3.0 adoption is essential for the success and growth of this new era of the internet. Here are some ways you can help drive the adoption of Web 3.0 and shape the future of the internet:

By taking these actions, you can contribute to the adoption of Web 3.0 and help shape the future of the internet.

Together, we can work towards a more decentralized, equitable, and empowering digital landscape for all, utilizing the potential of distributed ledger technology.

In conclusion, Web 3.0 offers a compelling vision of a decentralized internet that empowers individuals and democratizes the digital landscape. With innovative technologies like blockchain, AI, and the semantic web, Web 3.0 has the potential to transform the way we interact with the digital world, ushering in a new era of user control, privacy, and personalized experiences. While challenges and criticisms exist, the opportunities and potential solutions far outweigh the obstacles. By getting involved in Web 3.0, we can all contribute to the growth and success of this exciting new era of the internet, and together, create a more equitable and empowering digital future. #TheCryptoArk #Bybit

Web 3.0 is the next generation of the World Wide Web, characterised by increased decentralisation, open access and utilising advanced technologies such as blockchain and semantic web. It is intended to provide a more intelligent and connected experience for users.

Accessing Web 3.0 is as simple as installing the MetaMask browser extension and creating an account. This will serve as your digital wallet and gateway into the decentralized world, allowing you to interact with various decentralized applications within your app browser. Get started today by downloading and setting up your web3 wallet from the Coinbase app.

What is the difference between Web 2 and Web3?

Web 2 is characterized by web apps, while Web 3 encourages the development of smart applications through the use of ML and AI characteristics. Web 2 relies on centralized platforms, while Web 3 enables peer-to-peer interactions without intermediaries, offering more control and ownership to users as information can be stored in multiple locations simultaneously.

How does blockchain technology play a role in Web 3.0?

Blockchain technology is the cornerstone of Web 3.0, providing users with greater control, privacy, security, and allowing for decentralized apps and digital economies. It creates a secure storage system for data and facilitates transactions using cryptocurrencies.

What are some real-world applications of Web 3.0 technologies?

Web 3.0 technologies offer amazing potential for transforming the digital world, with applications like decentralized autonomous organizations (DAOs), metaverse and virtual worlds, and enhanced privacy and data control. Together, they demonstrate the revolutionary power of Web 3.0.

What Is Web 3? Your Essential Guide to the Future of the Internet

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What Is Web 3? Your Essential Guide to the Future of the Internet

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