Web 3.0 Market worth $5.5 billion by 2030 - Exclusive Report by MarketsandMarkets™
Based on the application layer, the decentralized applications are anticipated to hold for largest market during the forecast period.
- Based on the application layer, the decentralized applications are anticipated to hold for largest market during the forecast period.
- Based on the protocol layer, the blockchain protocol is anticipated to hold the highest CAGR during the forecast period.
- Blockchain protocols use cryptographic techniques to create decentralized, tamper-proof ledgers, with consensus mechanisms such as PoW or PoS for validation.
- Smart contracts are frequently used by decentralised applications (DApps) on Web 3.0 platforms to enable automated, trustless transactions and agreements.