Web 3.0 brings many opportunities to make money for users

Over the past decade, we’ve seen a huge shift in the way we use computers. Web 2.0 is all about social media and blogs with a focus on connecting people over the internet. But today we are slowly entering the era of Web 3.0, which is defined as the decentralized internet and uses blockchain technology to power through cryptocurrencies like Bitcoin and Ethereum, NFT (Non- Fungible Tokens).

Don't miss the opportunity that Web 3.0 gives you

So, in this article I’m going to tell you more about these technologies and how you can be a part of it.

What is Blockchain?

Blockchain is a technology created to store immutable data, ensure security and make this world more decentralized. It has become very popular because of its use in cryptocurrencies like Bitcoin and Ethereum, however, it can also be used for many other applications. Example: Companies are using blockchain technology to change the way we buy music or the way internet service providers work. And it’s called NFT and we’ll talk about it later.

Smart Contracts and Ethereum

To understand what Web 3.0 is, we first need to understand the most common use of blockchain as cryptocurrency. The first stage of cryptocurrency is Bitcoin, you can imagine that Bitcoin is just a kind of digital gold that people can buy anywhere and anytime they want. It brings Decentralized technology combined with Blockchain. Over time, people started making much better cryptocurrency than Bitcoin and we call it the second stage of cryptocurrency or Blockchain. An example for this stage is Ethereum.

Ethereum is not just digital gold, it provides an open source platform where others can easily build their own cryptocurrency. Also, Ethereum can do more transactions per second and that’s why most people prefer Ethereum, however, there is even more important technology called Smart Contract ( Smart Contracts) help reduce crime on the internet and help people own digital assets (NFT) without any problems. There is another phase of the crypto industry using PoS technology instead of PoW but we are now in the second phase.

What is NFT?

NFT or Non-Fungible Token is a cryptocurrency that can be used in gaming, art and many other areas to help you know who this belongs to.

For example, the Mona Liza is also a type of NFT, because it is the only store of information, so you never have to worry about being tricked into buying a fake. That’s the simple definition of NFT – you can sell and buy something that has information on it, and you are the sole owner of it.

NFTs have a number of unique features that set them apart from standard digital assets like cryptocurrencies. Each NFT is different and has its own characteristics so you cannot copy them.

What is a web-based NFT?

Web-based NFT tokens are the next generation of NFTs – they will be stored on a decentralized wallet where all transactions made will reflect on the NFT itself. Web-based NFT will bring the next revolution to the NFT market and we can expect a lot of new NFT products, opening up opportunities for many people, not only blockchain developers or gamers but Also for artists to be able to sell their work online without going through an intermediary like Shopee, Tiki, etc.

What does that mean for NFTs?

NFTs have been used in gaming and other fields, but their true potential remains untapped. One of the main reasons is the low number of NFT transactions per day, which shows just how unpopular the technology is. That’s why we can expect huge growth in NFT market as there will be more products from different people and increase in NFT transactions every day hence increasing demand in this sector. .

Thanks to the web-based NFT that makes it possible to buy NFT on websites, not only with Ethereum or Bitcoin but also using currencies like Dollars or Euros, which makes it easy for non-crypto users more accessible and contribute to spreading NFT to everyone.

How will NFT change the way we do business?

The NFT has a unique feature that it can represent a person. That means NFT holders have full control over their information and they won’t need to reveal any personal data or even use any intermediaries to sell NFTs like on eBay or Amazon. NFT holders can take full advantage of this technology and sell NFTs worldwide without any restrictions, which is even more exciting for entrepreneurs who want to expand their business globally. NFTs will also give you more opportunities for your ideas because of the unique features they have.

It’s time for NFT entrepreneurs and Blockchain developers to want to be a part of this revolution, so if you are thinking about creating some kind of product with NFT in it then start now. now, because NFT will become more and more popular.

As we see NFT has great untapped potential and NFT entrepreneurs have great chance to become more successful in NFT industry. We can expect more products to bring about the same changes in our daily lives as smartphones did 20 years ago, so don’t miss your chance to be a part of it. NFT.

Conclude

This is also part of Web 3.0 and now you need to understand that it’s a new technology and field that includes years of development and research, so we still have many opportunities in the future. An opportunity that everyone sees will no longer be an opportunity.

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