Hashdex: Web3: a new era for the internet

Understanding Web3

A new era for the internet

The internet dominates our lives, but services and solutions are currently contorlled by entities that may not have our best interests in mind. Now, with Web3, the internet is being recreated to give users more control, transparency, and security.

Smart contracts are the underlying technology for this new ecosystem of self-executable applications, allowing for the creation of new business models and governance systems. As adoption rate and demand for applications increase, native currencies and their corresponding smart contract platforms get more valuable.

Smart contract platforms, with an aggregate market capitalization hovering around US$460 billion^¹, have demonstrated rapid growth and are providing evidence for continued growth in the coming decades.

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^¹Messari. As of January, 2022.