Global Web 3.0 market is anticipated to grow at a CAGR of 46.2% during the forecast period (2023-2030). With growing applications in the end-user industry, the companies are also collaborating for the inclusion of web 3.0-based technologies to stay competitive. For instance, in September 2023, Oasys, a blockchain-based game development platform, partnered with the Japanese telecommunications company KDDI to enable users to trade NFTs on the ?U market, an NFT marketplace created by KDDI. Also in April 2023, FLASK, a Web 3.0, and gaming platform creator, partnered with Polygon to introduce its participation driven GameFi platform, NAODA, to a wider audience. Under this development, FLASK will integrate NAODA into the Polygon proof-of-stake (PoS) chain.
Browse the full report description of “Web 3.0 Market Size, Share & Trends Analysis Report by Blockchain Type (Public, Private, Consortium, Hybrid), and by Application (Cryptocurrency, Conversational AI, Data & Transaction Storage, Payments, Smart Contracts) Forecast Period (2023-2030)” at https://www.omrglobal.com/industry-reports/web-3-0-market
Apart from this, growing investments in web 3.0-based products are also driving demand for the overall web 3.0 industry. For instance, in February 2023, Curio Research, a California-based company that builds on-chain gaming labs for crypto web 3.0 games, raised $2.9 million in seed funding from a group of investors. Also in August 2023, The Bitcoin Frontier Fund launched the Bitcoin Ordinals accelerator program. The program offers seed money, funding pipelines, and mentorship to start-ups innovating in the Ordinals space.
In October 2023, XRP Healthcare, a Web3 healthcare company, announced its expansion into Africa through a listing on Coinstore, a cryptocurrency exchange platform. This strategic expansion will allow Coinstore users to access XRP Healthcare's products and services, as well as its fast payment system built on the XRP Ledger. The listing will also help to expand XRP Healthcare to a wider audience and potential investors interested in cryptocurrency adoption and social impact.
Market Coverage
• The market number available for – 2022-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Blockchain Type
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- Blockchain App Factory, Consensys Inc., Fueled, Infura, Inc., Ripple Web 3.0, Solana Foundation, and among others.
Key questions addressed by the report.
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Web 3.0 Market Report Segment
By Blockchain Type
By Application
By End-user
Global Web 3.0 Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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