Web 3.0 Development Company In Houston, Texas

In fact, the talk of Web3 and the promises it shows is so appealing that top talent from companies like Facebook are jumping ship to Crypto or Web3 companies. In 2021, thirty billion dollars were invested into startups that were into developing web3 apps or technologies. In addition, the hype around it is so high that millions of dollars are being spent on digital tokens (NFTs) for cartoon themes apes.

Although there is a high chance that security, scalability, and privacy of data will improve for users in Web 3.0, a wide range of concerns are prevalent. For example, wealth could be accumulated with a tiny group of investors, and we would not have enough content moderation if we were to protect the privacy of users. This could increase the risk of harmful content on the internet.