As the global economy evolves, the rise of Web3 technologies signals a new era where decentralization and user autonomy are the cornerstones. Unlike Web2, which is dominated by centralized platforms and intermediaries, Web3 enables businesses to interact directly with users through blockchain, tokenization, and decentralized finance (DeFi) without the need for traditional gatekeepers. For businesses, preparing for a Web3-driven economy means understanding and embracing these shifts to unlock new value, streamline operations, and foster innovation.
In an exclusive interview, Sathvik Vishwanath, Co-Founder & CEO, Unocoin, shared his insights into the strategic shifts businesses must consider to thrive in a Web3 world. With his expertise, we explore the strategic importance of decentralization, the role of tokenization, and the challenges of adopting a decentralized approach. With a clear roadmap to building a Web3 strategy, businesses can position themselves at the forefront of the next digital evolution.
▼ Web3 and the Strategic Shift Toward Decentralization
Web3 is the next evolution of the Internet with a focus on user sovereignty, decentralization and token-driven ecosystems. Unlike Web2, which is dominated by centralized platforms, Web3 allows individuals and businesses to interact directly without intermediaries using technologies such as blockchain, smart contracts, and distributed ledger technology (DLT). The strategic shift towards Web3 has significant implications for businesses:
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