Internet’s Next Revolution – Can Web 3.0 Unlock Decentralized and Intelligent Internet?

Pages: 62 Published: February 21, 2022 Report Code: GDDT-FT-M010

Web 3.0, also known as the Semantic Web, is the third iteration of the internet where online activities and data would be represented by crypto wallets and websites hosted through decentralized applications (dApps) to leverage open-source, trustless, and permissionless blockchain networks.

When realized, web 3.0 would provide faster, relevant data to users who can create, own, share, and monetize their content that is stored on a network of computers instead of private servers. The new internet would encompass all the online activities to control digital assets, online identities, and content to provide data privacy.

The web 3.0 technology report highlights the current state of play and the future potential of web 3.0 networks in driving decentralized and user-controlled internet access across various domains, which is anticipated to unlock new possibilities for enterprises across industries such as financial services, gaming & sports, media & entertainment, retail, and technology, among others.

What are the key findings of the web 3.0 technology report?

Web 3.0 is witnessing the branching out of the crypto VC funding to support startups focused on web 3.0 applications such as cloud-based payment solutions, NFTs for gaming, internet privacy, enterprise crypto staking, DAOs, and the decentralization of social networks, data storage, live video streaming, and learning platforms.

The development of web 3.0 will be fueled by the need for a stable and secure decentralized network and superior advancements in AI to name a few. Promises abound, web 3.0 needs to address the challenge of storage and processing of huge amounts of data to take on the might of big tech.

Patent filings and grants soared in web 3.0 between 2016-2021 backed by corporations such as IBM and Microsoft. Technology dominates by industry with filings focused on interactive chatbots and semantic searches and web management. The US leads in countries followed by China and South Korea.

What are some of the emerging concepts of the web 3.0?

The emerging concepts of web 3.0 that will inspire the next generation internet revolution are Blockchain as a Service (BaaS), highly secure data fabrics, web 3.0-backed crypto assets, low-code and no-code web3, and towards web 4.0 and web 5.0.

Blockchain as a Service (BaaS)

As an emerging concept, BaaS allows internet users to create apps and streamline other business processes that enhance the application development speed on web 3.0. As a result, BaaS platforms magnify digital services on the network, with the provider populating the basic framework and development resources.

Highly secure data fabrics

With the advancement of web 3.0, data fabrics emerge. These are a type of data architecture that connects multiple technologies and users to create flexible and accessible platforms. Secure data fabrics create a safety mesh of data in severely restricted access networks providing an additional layer of security on web 3.0.

Web 3.0-backed crypto assets

Web 3.0 promises to safeguard various types of valuable information driving new crypto-assets in the form of non-fungible tokens and decentralized finance. The underlying concepts of these assets such as decentralized storage, efficient consensus protocols, and smart contracts could be simplified with web 3.0 protocols.

Low-Code and no-code web3

The popularity of web 3.0 is ensuring the emergence of low-code and no-code web 3.0 platforms. These app creation technologies make it incredibly simple to create an app with little to no coding experience directly on web 3.0. When fused with BaaS, the concept provides user-friendly and customizable applications.

Towards web 4.0 and web 5.0

Web 4.0, or Web of Things, would reduce the fine lines in machine collaboration and human behavior in regular activities. The underlying concept of web 5.0 or The Web of Thoughts would be the advancement in extreme computing power and decision blocks, resulting in technologies such as direct brain link and collective intelligence.

What will be the impact of web 3.0 on traditional business models?

Web 3.0 applications are being potentially explored by business leaders who are willing to pace up their stride towards digital transformation. Through utilizing distributed, peer-to-peer platforms, and adopting high-speed communication technologies, business leaders will explore the widespread significance of web 3.0 in their areas of expertise.

Listed below are some of the potential Web 3.0 applications:

Open Banking

Open banking is becoming more popular within enterprise-level digital payment systems. In the future, open banking in web 3.0 will potentially minimize frauds, improve customer experience, and enable hassle-free cross-border transactions for both organizations and their customers alike. Strong encryption protects data at multiple nodes.

AR-enabled Web 3.0

AR/VR will become the notable gateway for accessing web 3.0, albeit form factors may eventually range from AR glasses or digital contact lenses to haptic wearables, IoT devices, sensors, robots, autonomous vehicles, and others. The ease of use and comfort of the wearable is pivotal for the technology to easily blend within business processes.

P2P transaction model

Web 3.0 drives the development of peer-to-peer digital transactions, where previously such transactions relied on centralized record-keepers. Web 3.0 is reinforcing the concept of decentralized transaction models which are maintained on the blockchain for safe and secure cashless and secure payments between multiple vendors and merchants.

Functional digital twins

Industrial operations would be benefitted from web 3.0 backed with functional digital twins to maintain inventory, create geographical models to optimize logistics, improve decision-making, and scenario-planning. Digital twins would help organizations to monitor and optimize web 3.0 data using digital equivalent to run businesses smoothly.

Standards & protocols

Web 3.0 converges various digital technologies like AI, cloud, and big data. Both established and new organizations are already starting to establish standards to enable interoperability across use cases. These organizations need backup from regulatory entities to create standards and protocols for the implementation of web 3.0.

Who are the key investors that promote web 3.0 payments?

Paradigm, Coatue Management, Animoca Brands Ltd, Meta Investments, Insight Partners, Franklin Templeton L.L.C., Dragoneer Investment Group LLC, The Oxford Endowment Fund, Altimeter Capital Management LP, Tiger Global Management LLC, Qatar Investment Authority, and GIC Investment Ltd are some of the key investors in web 3.0.

Tiger Global Management LLC, Qatar Investment Authority, and GIC Investment Ltd. are the top three investors that promote web 3.0 payments.

Web 3.0 payments, key investors

Web 3.0 payments, key investors

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Market report scope

Emerging concepts Blockchain as a Service (BaaS), Highly Secure Data Fabrics, Web 3.0-Backed Crypto Assets, Low-Code, and No-Code Web3, and Towards Web 4.0 And Web 5.0.
Key investors Paradigm, Coatue Management, Animoca Brands Ltd, Meta Investments, Insight Partners, Franklin Templeton L.L.C., Dragoneer Investment Group LLC, The Oxford Endowment Fund, Altimeter Capital Management LP, Tiger Global Management LLC, Qatar Investment Authority, and GIC Investment Ltd.

Scope

  • Technology Decoding: presents the rise of web 3.0 as the third generation of internet, definition and internet architecture, industry segmentation, prominent use cases, and active enterprises
  • Media & Trend Analysis: highlights the presentation of web 3.0 from the media perspective – major news and lauds from social media promoting the technology. It also includes mentions of web 3.0 in company annual filings and hiring trends.
  • Investment Radar: outlines the total investment trends, venture capital investment trends, leading investors, corporate investors and investees, prominent M&A initiatives, and notable startup accelerators
  • Innovation Explorer: introduces game-changing company innovations with a spotlight on startups. Select corporate partnerships inclined at future product developments
  • IP Landscaping: provides a broad-level analysis of the trends in patent filings and grants, technology leaders, filing trends by technology and industry, priority countries, and some interesting patents in the web 3.0 technology and application development.
  • The Road Ahead: summarizes the drivers and challenges, strategies to address challenges, regulatory landscape, the impact of web 3.0 on business models and new concepts emerging as a result, and outlook.

Key Highlights

Web 3.0 overview and high impact industries, ecosystem players, and big companies in each industry embracing web 3.0 and its ecosystem trends, the buzz created in the media, VC investment trends, examples related to the implementation of web 3.0 applications in financial services, gaming & sports, media & entertainment, retail, technology, supply chain & logistics, healthcare, and apparel, trends in patent filings and grants, factors driving and challenging the implementation of web 3.0, regulatory scenario, and the future potential of web 3.0 to generate next-generation applications.

Reasons to Buy

GlobalData’s FutureTech Series Reports are aimed at capturing futuristic technologies which have the potential to disrupt tomorrow. These technologies are constantly changing, adapting, and progressing to enable a paradigm shift in our daily lives. The awareness, knowledge, and expertise of these topics help transform business models and strategic thinking with an in-depth understanding of megatrends that can directly influence patenting, collaboration, acquisition, and investment decisions.

Key Players

Activision Blizzard
Adidas
Adobe
AI & Robotics Ventures
AiGang
Airbnb
Akasha
Alcatel-Lucent
Alibaba Group
Alphabet
Amazon
Ambire AdEx
Ambrosus
American Express
AMTD Group
AnySwap
Appen
Apple
Aragon
Ario
Arkadium
Asics
AT&T
Atari
Atlantic Records
Atos
Augmentors
Augur
Aurora
Aver
Avila Security Corporation
Azzimov
Baidu
Balmain
Bancor
Bank of America
Bankera
Barclays
Beaker
Beijing Aimo Ruice Technology
BitBay
bitJob
Block
Blockparty
Bravado
Brave
Breitling
Burberry
CanYa
Capital One
Cappasity
Cashaa
ChainThat
Change Healthcare
Checkout.com
Christie's
Cindicator
Citigroup
Civic
Coinbase
Coinformant
Coinlancer
Coinplug
ConsenSys
CryptoBnB
CryptoKitties
Cyber Manufacture Co.
CyberConnect
DatChat
Datum
DBS Bank
Decentral
Decentraland
Dell
DENT
Deutsche Bank
DFINITY
Dharma
DIGITALAX
DISH Network
District0x
DMarket
eBay
Element
Elrond
Enjin
EOSfinex
Equinix
Etheremon
Everledger
ExpressVPN
Ezfarm
Fayre
FedEx
Fendi
Figment
Filecoin
Flexiworld Technologies
Flux
Fox Entertainment Group
Freeverse
Gameloft
GameStop
Gap
Genies
Gnosis
Goldman Sachs
Google
Gucci
GuildFi
Hacken
Halborn
HCL
HEIR
HSBC
HTC
Hungama
IBM
IDEX
iHeartMedia
Indorse
ING Group
Ingenta
Inrupt
Intel
ionomy
IQeon
Jacob & Co
JD.com
Jibrel Network
JPMorgan Chase
Ketto
L’OFFICIEL
LBRY
Ledger
Liquid Media Group
Livepeer
Loopring
L'Oreal
LVMH
Manta Network
Marvel
Mastercard
Matchpool
Mean DAO
MediBloc
MediShares
Mercury Protocol
Meta
Microsoft
MobileGo
Moeda
Morgan Stanley
MyCrypto
myMessage
MystenLabs
Mysterium Network
Nano
Nestcoin
Netflix
Nexon
Nike
Nintendo
NoLimitCoin
Numbers Protocol
Nvidia
Odysee
One97 Communications
OP Games
OpenBazaar
OpenSea
Openware
Opera
Oracle
OriginTrail
Partisia Blockchain
PayPal
Peerplays
PepsiCo
Polkadex
Polkadot
Powerledger
Prada
PRIMAS
Privatix
ProChain
Procter & Gamble
Proof of Learn
Puma
PwC
Qualcomm
R.R. Donnelley
Rakuten
Reddit
Rentberry
Richemont
Ripple
Royal Bank of Canada
RTFKT
Safex
Samsung
SAP
ScriptDrop
SEBA Bank
Sentinel
ShipChain
Shopify
Sia
Siam Commercial Bank
Simplify Asset Management
Skrilla
Sky Sports
Soft Space
SoftBank
SoMee
Sonm
Sony Interactive Entertainment
Sotheby's
SpaceX
Spotify
State Farm Insurance
Status
StealthPath
Steemit
Storj
Stripe
Strong Force Intellectual Capital
Superplastic
Swarm City
Sygnum
Sysorex
Take-Two Interactive
Tencent Games
The Defiant
The Sandbox
The Walt Disney Company
Theta Network
Touchcast
Trezor
TRM Labs
Truenorth Quantum
T-Series
T-Systems
Twig
Twitter
Ubisoft
UBS Group
Ujo Music
UncleMine
Under Armour
Unilot
United Overseas Bank
Universal Music Group
Universe
Utrust
Valentino
VeChain
Venly
ViacomCBS
Viberate
Visa
Vmware
Vtech
Wagerr
Walmart
Warner Bros
Warner Music Group
WarnerMedia
WAX
World Wrestling Entertainment
XMTP
Yellow
Yoti
YouTube
Yup
Z Advanced Computing
Zeitgeist
Zynga

Table of Contents

Table of Contents

1. Technology Decoding: Key drivers, definition, evolution of the internet and its architecture, web2.0 vs web3.0, key applications and industry segmentation, active players

2. Media & Trend Analysis: Popular news publications, thought leadership, social media traction, mentions in company filings, and key hiring trends

3. Investment Radar: VC investment trends by value, volume, and geography, leading investors, corporate investors and investees, prominent M&A, startup accelerators

4. Innovation Explorer: Key web3.0 use cases, strategic partnerships to accelerate the web3.0-enabled products and services

5. IP Landscaping: Trends in patent filings & grants, top patent filers, key filing trends by industries, and interesting patents

6. The Road Ahead: Drivers and challenges, strategies to address challenges, major regulations, emerging concepts, potential use cases for business leaders, and outlook

Frequently Asked Questions

The emerging concepts of web 3.0 that will inspire the next generation internet revolution are Blockchain as a Service (BaaS), highly secure data fabrics, web 3.0-backed crypto assets, low-code and no-code web3, and towards web 4.0 and web 5.0.

Paradigm, Coatue Management, Animoca Brands Ltd, Meta Investments, Insight Partners, Franklin Templeton L.L.C., Dragoneer Investment Group LLC, The Oxford Endowment Fund, Altimeter Capital Management LP, Tiger Global Management LLC, Qatar Investment Authority, and GIC Investment Ltd are some of the key investors in web 3.0.

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