Introduction
Web 3.0 represents the next-generation internet with blockchain as the underlying technology. It is likely to present a $1.1 Tn opportunity by 2032, despite the regulatory roadblocks owing the continued growth amongst the Indian Web 3.0 start-ups. Blockchain, today is viewed as a transformative technology that can transform multiple mainstream industries like automotive, gaming, healthcare & pharmaceuticals by making processes more transparent, traceable, and secure. It is an emerging technology, and also the backbone behind crypto and NFT, which is gaining a lot of traction from enterprises and start-ups. NFT often called Non-fungible Token and Crypto are amongst the top-most use cases of blockchain technology and are showing promising signs of adoption.
As NFTs can be the unique and virtual evidence of ownership of digital assets, hence is being closely watched by both consumers and businesses. The deployment of this emerging technology can open a plethora of monetization opportunities. On witnessing the promising trends amongst consumers and businesses, many start-ups have started venturing into this space. However, the uncertainties around the government policies and regulations remain a significant challenge, the adopters are eyeing.
TechCircle this year presents the Web 3.0 Conclave.
Themed ‘Enabling Transparency with Blockchain & Web 3.0’, the event focuses on identifying the factors triggering the exponential adoption of blockchain technology in India and internationally and decoding NFT & Crypto’s role in helping the mainstream industries monetize their digital assets.