Web3 Will Be Unrecognizable In 10 Years: Its Growth Path
Portfolio Pulse from Aaron Bry
Web3, the next iteration of the internet involving decentralization and blockchain technology, is expected to witness massive growth by 2028, according to a report from HTF Market Intelligence. The growth will be driven by new investments and increased R&D spending. Companies like Coinbase Global Inc (NASDAQ:COIN) and Meta Platforms Inc (NASDAQ:META) are actively investing in the Web3 space. However, some investors express concerns about the lack of real economic activity in the Web3 space.
August 18, 2023 | 7:04 pm
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POSITIVE IMPACT
Coinbase Global Inc is actively investing in the Web3 space, which is expected to witness massive growth by 2028.
Coinbase's active investment in the Web3 space could potentially lead to new revenue streams and growth opportunities, especially given the expected growth of Web3 by 2028. This could positively impact the company's stock in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
Meta Platforms Inc is actively investing in the Web3 space, which is expected to witness massive growth by 2028.
Meta's active investment in the Web3 space could potentially lead to new revenue streams and growth opportunities, especially given the expected growth of Web3 by 2028. This could positively impact the company's stock in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75