2023: A Year Of Building Towards Web 3.0?

Introduced as the next Internet revolution, Web 3.0 encompasses myriad concepts that are often only vaguely understood, if not misunderstood. These include open source, blockchain, the metaverse, cryptocurrencies, P2P, NFTs, DApps... This topic has been fueling new excitement among consumers ever since the outbreak of COVID back in March 2020. Since then, many companies and institutions have embraced the subjectwith some fanfare. A variety of methods of financing have popped up, we have seen an unprecedented capacity to transform daydreams into real-world products. Unfortunately, that boom has brought about some resounding failures, such as Terra-Luna, Three Arrows Capital, Celsius, Voyager, and FTX, all against a deteriorating macroeconomic backdrop (the war in Ukraine, the energy crisis, inflation, investors fleeing from risky assets, etc.). As a result, many companies in the sector-not to mention many individuals who invested too much of their savings-have gone