Web3 Trends of 2023

By Ronak Shah
1 Min Read

Suppose you are a busy bee with little time to catch up on the news. Then, you have landed in the right place. We have curated the latest web3 trends.

1. As massive corporations face layoffs, tech expertise is migrating to Web3. Crypto firms continue to hire amid a bear market, even as tech behemoths lay off employees and freeze hiring.

2. Over the previous year, venture capitalists have invested more than $4.6 billion in infrastructure and nonfungible token projects (NFTs). Now, the infrastructure needs users. They will appear when individuals realize that they can use these NFTs to create and structure their daily routines rather than merely for speculation. They don’t need NFTs, they need to figure out their life and decentralized catalogs are there to assist them.

3. The Ethereum merge will have an impact on more than just its blockchain. It will significantly influence cryptocurrency, particularly those who rely on Ethereum to conduct their business, such as DApp developers.