Report cover image

Web3 - Thematic Intelligence

Publisher GlobalData
Published Apr 12, 2024
Length 72 Pages
SKU # GBDT18777930

Description

Web3 - Thematic Intelligence


Summary

Web3 is an ideology that refers to the next iteration of the internet built on blockchain. It promises a mix of peer-to-peer (P2P) communication channels and decentralized governance, leading the internet’s transition from an information-centric model to a user-centric model. Web3 aims to give users the ability to create, own, and monetize their content and manage the use of their data. This will be stored on blockchains instead of on third-party servers.

Key Highlights

Web3 is still emerging and has a long way to go to match the functionality, reliability, and scalability of today’s internet (i.e., Web2). Early examples of Web3 applications include Brave (the Web3 equivalent of Google’s Chrome browser), Metamask (the Web3 version of PayPal), and DTube (the Web3 equivalent of YouTube). Scaling Web3 applications will require a significant improvement in the generally poor Web3 user experience and a more widespread consumer backlash to the Web2 model that monetizes user data. The most widespread Web3 use cases today focus on blockchain and cryptocurrencies.

A more realistic outcome is that the internet strikes a balance between Big Tech hegemony and decentralization – a worldview commonly known as Web2.5. The complexities of decentralized applications lead to a subpar user experience that deters mass adoption. Big Tech companies will continue incorporating Web3 elements like blockchain and cryptocurrencies into their value propositions. Perhaps the biggest question is whether the digital assets that form the basis of the Web3 economy have any intrinsic value and can displace or at least complement real-world assets.

Scope

This report provides an overview of the Web3 theme.
It identifies the key trends impacting growth of the theme over the next 12 to 24 months, split into three categories: technology trends, macroeconomic trends, and regulatory trends.
It includes a comprehensive industry analysis, including market size and growth forecasts for blockchain and cryptocurrency.

Reasons to Buy

Web3 is the potential next phase in the evolution of the internet. This report tells you all you need to know about this emerging ideology. It also examines the links between Web3, blockchain, and cryptocurrencies.

Table of Contents

72 Pages
Executive Summary
Players
Thematic Briefing
The conceptual view of Web3
The Semantic Web
What is the difference between Web3, cryptocurrencies, and the metaverse?
The practical view of Web3
The evolution of the internet
Blockchain underpins Web3
Cryptocurrencies incentivize Web3 use
Web3 governance
Decentralized finance
The challenges of Web3
Lack of a coherent proposition
Limited adoption
The benefits of centralization
Web3 may become redundant
Trends
Technology trends
Macroeconomic trends
Regulatory trends
Industry Analysis
Market size and growth forecasts
Timeline
Signals
M&A trends
Patent trends
Hiring trends
Value Chain
Application layer
Non-fungible tokens
Decentralized finance
Other DeFi applications
Other decentralized use cases
Companies
Public companies
Private companies
Glossary
Further Reading
GlobalData reports
Our Thematic Research Methodology
About GlobalData
Contact Us
List of Tables
Table 1: Technology trends
Table 2: Macroeconomic trends
Table 3: Regulatory trends
Table 4: M&A trends
Table 5: Public companies
Table 6: Private companies
Table 7: Glossary
Table 8: GlobalData reports
List of Figures
Figure 1: Who are the leading players in the Web3 theme, categorized by use case
Figure 2: The Web3 movement was brought together by three key strands of thought
Figure 3: ‘Chancellor on brink of second bailout for banks’
Figure 4: Web3, cryptocurrency, and the metaverse vary in their levels of decentralization
Figure 5: An internet meme highlights the conflation between Web3-related concepts.
Figure 6: Web3 is the potential next phase in the evolution of the internet
Figure 7: Blockchain underpins decentralized alternatives to a range of Web2 applications and services
Figure 8: The majority of Web3 dApps use public permissionless blockchains
Figure 9: An example of token distribution for a DAO project
Figure 10: Crypto wallets store cryptocurrencies and more
Figure 11: Liquidity pools facilitate the exchange of cryptocurrencies in a decentralized way
Figure 12: Three key challenges limit Web3’s success
Figure 13: Top Web3 trends
Figure 14: GlobalData estimates that global blockchain revenue will hit $291 billion by 2030
Figure 15: Global cryptocurrency revenue will reach $1.1 trillion by 2030, up from $33 billion in 2022
Figure 16: The Web3 story
Figure 17: Web3-related patent activity grew sharply between 2021 and 2023
Figure 18: Web3-related job postings increased as a result of growing interest in cryptocurrencies, NFTs, and DeFi
Figure 19: Web3-related hiring is dominated by larger players
Figure 20: The Web3 value chain overview
Figure 21: The blockchain and cryptocurrency value chain
Figure 22: Application layer – non-fungible tokens - Launchpads: leader and challengers
Figure 23: Application layer – non-fungible tokens - Marketplaces: leaders and challengers
Figure 24: OpenSea leads NFT marketplace trading volume by a wide margin
Figure 25: The war between OpenSea and BLUR forced OpenSea to scrap mandatory royalty fees in August 2023
Figure 26: Application layer – non-fungible tokens - Gamification and virtual worlds: leader and challengers
Figure 27: Application layer – non-fungible tokens - Integration with DeFi: leaders and challengers
Figure 28: Application layer – decentralized finance - Decentralized exchanges: leaders and challengers
Figure 29: Leading AMMs have popularized four primary market-making models
Figure 30: Uniswap, Curve, and PancakeSwap have cornered the DEX market, accounting for 57% of all DEX TVL
Figure 31: EXes make up a small proportion of trading volume across crypto exchanges
Figure 32: Application layer – decentralized finance - Decentralized lending: leaders and challengers
Figure 33: Application layer – decentralized finance - Decentralized insurance: leaders and challengers
Figure 34: Applicaion layer – decentralized finance - Decentralized derivatives: leaders and challengers
Figure 35: Application layer – decentralized finance - Liquid staking: leader and challengers
Figure 36: Aplication layer – decentralized finance - Other DeFi applications: market leaders and challengers
Figure 37: Several unique DeFi categories have emerged
Figure 38: Application layer – other decentralized use cases
Figure 39: Our five-step approach for generating a sector scorecard

Pricing

Currency Rates
How Do Licenses Work?

How Do Licenses Work?

The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

  • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

  • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

  • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

  • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

  • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
Chat Now
Contact Us