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ARTICLE · 12 OCTOBER 2022

Do Web3 Businesses Dream Of Electric Offices?

PANDA Law
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The emergence of Web 3 technologies such as blockchain has the potential to cause a paradigm shift in the way businesses are conducted globally.

IndiaTechnology
Dhrupad Das
Dhrupad Das
Nishchal Anand
Nishchal Anand
Pranay Agrawala
Pranay Agrawala

Do Web3 businesses dream of electric offices?

Introduction

The emergence of Web 3 technologies such as blockchain has the potential to cause a paradigm shift in the way businesses are conducted globally. The positive impact of Web 3 technologies is not limited to existing businesses but also individual artists and creators.

While some applications of Web 3 technologies, especially financial services, may currently pose unique challenges to regulators and businesses, many other use cases, including record keeping, new mediums of access to content and services such as through metaverse platforms and non-fungible tokens  are creating unprecedented experiences for users and novel opportunities for businesses. In this article, we discuss both, regulation of and opportunities in the Web 3 space.

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