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#MONOPOLY MEME UPGRADE#
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Web2 games are F2P, the original of which is selling virtual items such as equipment. Users have ownership of their data and can use their data to create and capture value. After all, Web3 is decentralized, and users’ data is stored on-chain. Web3 is on the rise, mainly used in areas such as GameFi and the Metaverse. Could Web3’s rapid growth be the reason for Google Cloud’s entry into Web3 to gain market share with technical support?įootprint Analytics – Category Number of Monthly Investments by Footprint Analytics – Web3 Monthly Fundraising Amount With total investments of $3.24 billion, April saw the most significant amount of funding for Web3 of any region. According to Footprint Analytics, Web3 is gradually receiving more investment than sectors such as DeFi and NFTs. Web3 technology is in its early days and is being adopted in all areas of blockchain decentralization.
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Web3’s embodiment in blockchain decentralization In theory, Web3 gives users the first chance to gain power online. Web3 features decentralization, which improves on Web2’s pain points by returning control of data and assets to the users themselves. Web2 is essentially an improvement over the Web1 era, but the user data of the Web2 era is stored in various applications, which users cannot control and use independently.