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Then came the second web version, Web 2.0, which provided a richer and more interactive user experience. It engaged with a larger audience and saw the flourishing of our present-day social media platforms like Twitter, Instagram, etcetera. Unlike web2, dominated by centralized platforms such as Google, Apple, and Facebook, Web3 will use blockchain, crypto, and NFTs to transfer power back to the internet community. Although there are elements of Web 3.0 currently available, it still has a long way to go before it reaches full realization.
However, given the flourishing cryptocurrency market and decentralized applications, the market embodies a greater scope of the future and imagination. Notably, Web3 is becoming a phenomenal opportunity on par with Bitcoin – a cryptocurrency widely adopted globally, even in developing African societies where it has recorded the fastest adoption rate. But, there are still a few players in the Web 3 ecosystem, and even fewer are using it for extraordinary engagement.
One of the companies doing the latter is BIB, a company building, operating and investing in Web 3 applications with its BIB Meta platform. Remarkably, BIB Meta will be the world’s first exchange with the Web3 ecosystem that is empowered by the BIB token and vice versa. This is one of its competitive advantages.
Many decentralized ecological projects lack direct access to traffic and funding. For example, DeFi, NFT, and GameFi are often independently operated in the ecosystem. So when users engage with the aforementioned, it is done through centralized trading platforms since deposit and withdrawal of assets are integral parts of trading. These processes could be…
