USM believes the global Web 3.0 market size will reach 81.5 billion dollars
Recent research has demonstrated that the global Web 3.0 market size reached USD 3.2 Billion in 2021 and is expected to register a significantly rapid revenue CAGR during the forecast period, according to latest analysis by Emergen Research.
Rising demand for more user-oriented, interactive, advanced, and secured technologies, and increasing initiatives by governments of various countries for development of newer technologies such as Web 3.0 to enable better transparency to users are some major factors expected to drive global Web 3.0 market revenue growth to a significant extent during the forecast period.
USM believes in this potential and since its foundation has been developing products, services and tools to unlock all this potential. Whether through NFTs, decentralized identity systems, partnerships with wallet providers and the biggest leaders in the sector, we are committed to driving this transformation of society with Web3.
Increasing preference and use of Non-Fungible Tokens (NFTs) as well as digital collectibles, digital currencies, and other blockchain entities is expected to continue to support revenue growth of the market going ahead. For example, Reddit is making Web 3.0 inroads by developing a mechanism that enables use of cryptocurrency tokens, which will allow users to control pieces of the on-site communities in which they participate.
This will result in rewards to users in the form of community points, which they can earn by posting on a specific subreddit. These points can be used as voting shares, which will allow users with significant contributions to have a greater say in community decisions. These points are stored on the blockchain and cannot be taken away easily, and their owners will have more control over them. However, a corporate version of a Web 3.0 concept known as Decentralized Autonomous Organizations (DAOs), which uses tokens, enables more evenly distributed ownership and decision-making authority.
Some key factors that could restrain shift towards Web 3.0 include challenges related to older technologies, software, and hardware. Web 3.0 will only be accessible by more advanced devices, Web 1.0 sites will be older than the current successor, regulations will be more complex, and decentralization could make it challenging to oversee and regulate Web 3.0.
Supported by DWF Labs, OKX Blockdream Ventures, and the Tachyon accelerator by Consensys Mesh, RACA serves as a web 3.0 infrastructure solution provider. Initially launched as a bidding token with the Maye Musk NFT, RACA has evolved into a robust web3.0 gaming ecosystem!
RACA, the USM native token, serves as a Crypto ‘dApp Store’ of AI Apps and Games, initiated by the ‘Elon Musk’s Mother & Koda NFT’ community.
