Web3: A New Dawn for the Internet?

In the fast-paced world of technology, a revolutionary concept is gaining traction: Web3. Coined by computer scientist Gavin Wood, Web3 represents a paradigm shift towards a decentralized internet infrastructure, powered by blockchain technology.

The traditional internet, often referred to as Web2, is dominated by centralized platforms controlled by a handful of corporations. 

However, Web3 envisions a future where power is distributed among a network of participants, rather than concentrated in the hands of a select few.

Navigating Perils and Possibilities of Web3

Since 2018, momentum surrounding elements of Web3 has surged across various sectors, including equity investment, online searches, patent filings, scientific publications, job vacancies, and press reports. 

Particularly, the financial-services industry has emerged as a trailblazer in adopting emerging Web3 technologies and assets. At one juncture, the daily transaction volume processed on decentralized finance (DeFi) exchanges surpassed a staggering $10 billion. Yet, amidst this fervent progress, advancements have been marked by sporadic spurts rather than a seamless trajectory. 

However, if you find yourself grappling with the question of what exactly Web3 e

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