Law Firm specialized in Web 3.0 business models.

To understand the business models that are immersed in Web 3, we should first know what Web 3 is all about.

Web 3 will have a strong emphasis on decentralized applications (DApps) and will make extensive use of Blockchain technologies and a tokenized economy (Tokenomics). Web 3 will also make use of machine learning and artificial intelligence (AI) to help power smarter and more adaptive applications. In this case, Web 3 favors transparency, privacy, digital identity solutions and data ownership.

The rampant rise of cryptocurrencies, thanks to breakthroughs in blockchain technology, has unfolded a field of possibilities for companies and individuals such as those detailed below.

Blockchain technology reaches the video game arena building a whole new industry around the crypto world with concepts such as Play2Earn and GameFi. A platform gives its players the opportunity to earn any form of in-game assets that can be transferred to the real world as a valuable resource, in which the DeFi (Decentralized Finance) world plays a big role.

User Experience (UX) has been encouraged with the advent of Web 3 and we can see how many platforms are betting on Learn2Earn, which means learning about something in exchange for rewards. The rewards for learning are generally granted in a native currency, token or NFT of the ecosystem about which you are learning.

In the sports world, in order to continue giving productivity to the business and also give certain benefits to their fans, businesses such as soccer, risk for Fan Tokens, which are a type of cryptocurrency designed to provide membership benefits to fans of a sector. They can also be used by fan clubs of music groups and other organizations.

In the following article we take a closer look at these new concepts and the evolution of the Web from its inception to the present day. Join us to discover the wide world of business models behind Web 3!