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  • Andrew Lauman

Exploring the Potential Impacts of Web3 on British Columbian SMBs

Digital graphic about Potential Impacts of Web3 on British Columbian SMBs

The advent of Web 3 has sparked significant discussions in the tech, media, and marketing industries. As the internet continues to evolve, it becomes crucial for businesses to understand the potential impact of Web 3 and its implications for their operations. In this blog post, we will delve into the questions surrounding Web 3 and explore how it could shape the landscape for British Columbian SMBs.



Understanding Web 3:

Before examining the impacts of Web 3, it's helpful to reflect on the previous iterations of the internet. Web 1, which emerged in the 1980s and lasted until the early 2000s, provided basic messaging, email, search queries, and web surfing. Web 2, on the other hand, ushered in high-speed internet and introduced advanced features such as video calling, streaming, social media, and early AR/VR experiences. Web 3, the next evolution, is characterized by decentralization on the blockchain and the potential for extended reality, user-built platforms, and innovative experiences.


Web 3 and Decentralization:

Adapting to Web 3:

Incentivization in Web 3:

Crypto, NFTs, and Blockchain:

The Importance of Experiences:



Conclusion

Web 3 represents the next evolution of the internet, offering decentralized experiences and opportunities for users to have more control. While full implementation is still in progress, British Columbian SMBs can benefit from understanding the potential impacts of Web 3 on their businesses. By embracing concepts such as user involvement, incentivization, cryptocurrency adoption, and immersive experiences, SMBs can position themselves to adapt and thrive in the evolving digital landscape.




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