The internet is viewed as a platform for developing applications in web 2.0, often known as the social web. Web 3.0, on the other hand, supports a blockchain-based internet. The focus of Web 3.0 is on storing users ’ data and making company usage of that data transparent. It placed a strong emphasis on people regaining control over their data.

This has the potential to disrupt the tech industry, as many of the industry’s biggest players will lose access to the information they monetize.

Web 3.0’s future influence is undeniable, but the issue remains as to which business models can break the code and create lasting and sustainable worth in today’s economy.

NEW BUSINESS MODELS BY WEB 3.0 

If you study Web 3.0 over the last ten years, you’ll notice that the early business models aren’t always repeatable or sustainable, and they often try to recreate Web 2.0 concepts.

While there is some doubt regarding their feasibility, we are confident that continued experimentation by some of the finest developers will result in the creation of extremely valuable models in the future years.

We hope to learn how some of the more established and experimental Web 3.0 business models will accumulate value in the future years by investigating both existing and experimental Web 3.0 business models.

In the Financial sector

Today, we must rely on trustworthy providers such as banking systems or Google wallet to make an online money transfer. With blockchain-based web 3.0, you’ll be able to send money directly to anyone with an internet connection on a peer-to-peer basis.

The banking and financial industry will be impacted by Web 3.0 in a variety of ways.

Blockchain-based financial solutions may soon be available to the general public.

Without being dependent on traditional parties, financial companies will be able to transmit data to the Web 3.0 community.

Read More:- NEW BUSINESS MODELS BY WEB 3.0