Real use cases in daily life of Web 3.0 -

Web 3.0, the Decentralized Internet of the Future that builds upon Machine Learning (ML), Big Data, AI และ blockchain, is getting closer to the human brain. It gave us access to information without intermediaries. Today, many industries are adopting Web 3.0 to create greater user experiences or new services and products that the world has never seen before.

DAO

DAO stands for Decentralized Autonomous Organization which is constructed by rules encoded as a computer program maintained on a blockchain. It brings transparency, not influenced by central governance, and it also facilitates the use of smart contracts, which fits perfectly with the core concept of Web 3.0.

DeFi

As financial and internet technologies have evolved rapidly, giving birth to new businesses, Web 3.0 is also evolving with innovations in decentralized finance (DeFi), which include better data ownership. The ability to discern and evaluate information using AI and contextualized analysis could bring more relevant results, hyper-personalized customer experience, better decision-making, cheaper fees, unlimited access, transparency, no intermediary, and security. Well-known Defi projects include Curve Finance (CRV), Uniswap (UNI), Aave, MakerDAO (MKR)

Metaverse and GameFi

Blockchain Games and Metaverse are industries that are fully headed towards Web 3.0 by using AR, VR, and 3D Design to create a better experience.

Such as The Sandbox, a virtual metaverse built on the Ethereum blockchain, where players can build, own, and monetize their gaming experience with SAND token that is used for value transfers as well as staking and governance.

Axie Infinity, a blockchain-based game, is also a significant player that leads P2E (Play to earn) by rewarding players with cryptocurrencies (AXS, SLP) and NFTs.

Crypto Wallet

Crypto wallets allow users to store, send, and receive cryptocurrencies, interact with smart contracts, transact NFTs, develop blockchain platforms, and connect with communities.

The unique point of Crypto Wallet is that users can apply their private key or secret phrase to other wallet applications. Example include ;

MetaMask is one of the most used crypto wallets that are easy to use yet highly secure. It equips you with a key vault, secure login, token wallet, and token exchange – everything you need to manage your digital assets.

Rainbow wallets, an Ethereum wallet known for storing NFTs, can also store private keys on iCloud.

Lastly, Trust Wallet, is another well-known crypto wallet. You can send, receive and store many cryptocurrencies, including NFTs that are safely and securely stored.

NFTs

Bored Ape Yacht Club, one of the hottest NFTs of the year, has evolved from trading collectibles into its own virtual world Web 3.0 project called ‘Otherside’, with the ability to buy-sell land or mint NFTs for collecting or harvesting produce.

Rewards Program

Starbucks, the largest coffeehouse company in the world, also plays a part in Web 3.0 with its popular rewards program.

The initiative will allow Starbucks to build on its current rewards engagement model while also introducing new methods of emotionally engaging customers to expand its ‘Third place’, a sociological term describing a community space between home and work as a “digital third place community” to approach and offer a broader set of rewards.

This will create an entirely new set of digital network effects that will attract new customers and be accretive to existing customers in our core retail stores.
NFTs are also in their developing plan as an exchange for special Starbucks exclusive rewards.

Post Views: 665