Blockchain Meets AI as Web3’s Saviour in 2024
For Web3, the proverbial calm before the storm seems to have taken an unusual turn. […]
For Web3, the proverbial calm before the storm seems to have taken an unusual turn. […]
For blockchain investor and unicorn builder Miko Matsumura, it’s always about investing in a team […]
The Central and Eastern Europe region has recently seen a rise in web3 companies and […]
With a market size expected to reach $81 billion by 2030, the future of the […]
As the web3 market grows exponentially, it needs more skilled people to work on it. […]
While web 3.0, or blockchain-incorporated internet is mostly seen as a concept that will develop […]
California-based Web3 infrastructure company Mysten Labs has big plans for Greece as it looks to […]
• Greek-founded Web3 infrastructure project Rated Labs raised $2.5M in a seed round • The […]
These days, securing important data from operations is a big must when running a business. […]
“I am an artist with a tech background,” Florin Grozea, founder of the influencer marketing […]
Infobip Shift, the biggest developer conference in Southeast Europe, will once again gather the global […]
How do you imagine your work week in the future? Maybe you will combine various […]
Web3 is the next-generation web. It will be built on a decentralized and peer-to-peer network, with each user interacting only with their own personal data, instead of relying on centralized services for most of their daily tasks.
This means no more big brother (large technology companies) watching over your shoulder and making money off your data or browsing history.
Web3 is a web of protocols, people, values and applications. The decentralized nature means that there are no central authorities like governments or corporations who can censor or control the flow of information.
The investor Packy McCormick, who contributed to the popularization of web3, defines it as “the internet owned by the builders and users, orchestrated with tokens.”
The most famous example of this right now is the Bitcoin blockchain technology. But there are many other exciting technologies such as Ethereum (which supports smart contracts) and IPFS (which allows you to store files on multiple computers instead of just one server).
If you’re like us, your first real exposure to the internet was from the earliest days of Web1. It was a world where people were largely free to share information and ideas with one another.
But then came Web2 – a time when corporate interests began exerting more control over what we could see online (and in turn, how our data was used).
Now we’re entering a new phase: Web3. The advent of blockchain technology means that there’s a chance for us all to regain our power over information and data, so it’s important that we understand what this transition means so that we can take advantage of its potential benefits while avoiding pitfalls along the way.
Web3 is an evolution of both existing tech trends and new ideas about how people should interact online going forward; it represents an opportunity for everyone involved in digital content creation or consumption.
That varies from consumers themselves through service providers like ISPs/entertainment companies all up until policy makers – to leverage technology in ways that better support user privacy rights as well as create opportunities for creative expression on an unprecedented scale by removing barriers, preventing artists from reaching audiences outside their local communities via platforms, such as YouTube.
The Web3 stack is the set of technologies that build the base layer for the decentralized internet. It includes blockchain, cryptocurrency, decentralized applications (dApps), smart contracts, cryptoeconomics and more.
Here is what you need to know about them :
Our journalists that focus on this topic are Maria-Antoanela Ionita, Bojan Stojkovski and Elena Vrabie.
There are many reasons why we are excited about this new paradigm of computing, and we hope that our post has given some insight into why this is so important to us.
At The Recursive, we focus on global web3 trends as well as the local success stories of web3 companies in Central and Eastern Europe such as Nexo, Tenderly, Paysafe, and Limechain.
We would like to take this opportunity to invite you to join us in our exciting journey and subscribe to The Recursive newsletter to get the newest Web3 insights from Southeast Europe in your mailbox.