Web3 is can be sorted as the 3rd stage of the internet which can provide decentralized networks which result in a faster user experience. For a clear understanding, Apple's Sir can be considered as a web3 technology.
Web3 can be used in many ways we will discuss some important case studies of web3 here:
Gaming Sector
We can consider the web3 games as the next level of NFT & Blockchain games like play-to-earn, move-to-earn, and much more. When these games get combined with web3 technologies, they will be able to open up new ways of opportunities for the virtual world & economics.
Decentralized Finance
This is also one of the noticeable use cases of web3 technology.
Decentralized Finance attributes are naturally able to use the web3. In the future, businesses will be able to develop more functional Defi apps which come with seamless technologies.
Defi can get basic benefits from web3 is low transaction fees, open accessibility, privacy & security features, and more.
Metaverse
Metaverse is developing digital or virtual world which is gaining almost every functionality of real-world activities. Users can get avatars and play or move inside the metaverse. Metaverse requires many web3 technology properties and functionalities to offer a seamless engaging experience to users. Bigger companies such as Microsoft, Facebook, and more companies are looking at how beneficial the web3 can be for the Metaverse.
Web3 is the developed or current stage of previous web1 & web2. Web3 will be creating a great revolution with decentralized internet features. If you want to know more about web3 and its use cases you can check out here: https://www.bitdeal.net/web-3-use-cases
