Web3, the new generation of the Internet and here are the top 5 Web3 trends that will succeed in 2023

Since 2020, digital currencies have started their establishment in the global market. In addition, blockchain, cryptocurrency, metaverse, and NFT products began to be actively developed. Along with these technological advances, there are many discussions about Web 3.0, the next generation of the Internet. In 2021, nearly 3,400 developers joined Web 3.0 projects. Here are the top 5 Web3 trends that will succeed in 2023.

BASE: BAAS, which stands for Brands as a Service, is a new trend in blockchain technology. It is a cloud-based service that allows clients to work with blockchain to create digital products. It is a regulated industry and for businesses and consumers to interact with these financial services they need to have access to banks.

Flow: Flux is the trustless data layer for web3. Flux is a cross-chain oracle that provides smart contracts with access to financially secure data sources about anything. With the help of Flux, you can develop Web 3.0 applications and decentralized projects.

The Semantic Web: The term “Semantic Web” refers to the W3C’s view of the linked data Web. The Semantic Web involves web principles that extend from documents to data, such as a web of data.

NFTs will drive the Web 3.0 movement: The main element driving the Web3 movement is non-fungible tokens, the digital collectibles that are traded with cryptocurrencies. It will also lay the foundation for creators to partner with their users like never before.

Low-code application building software: Low-code development is a visual, drag-and-drop development technique that allows companies to build applications significantly faster and with less hand-coding. As Web 3.0 stepped in, the trend emerged to eliminate low-code or no-code app builds.