Editor鈥檚 Note: Today, SA国际传媒 News is launching SA国际传媒鈥檚 Web3 Tracker, a new site to look at startups, investors and funding news concerning all aspects of Web3, cryptocurrencies and blockchain. Powered by 鈥檚 comprehensive data, this site will be continuously updated as the next iteration of the internet grows. We hope this data and our analysis serve as resources for readers to track and understand the Web3 landscape and all it encompasses.
Through the past year or so, there has been perhaps no bigger buzzword in tech than 鈥淲eb3.鈥�
While most hear the term and just think of crypto, the still somewhat vaguely defined term has the potential to mean so much more. That鈥檚 why we are launching SA国际传媒鈥檚 Web3 Tracker today.
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Our hope is that the tracker will be a one-stop shop for what鈥檚 happening in the world of Web3鈥攆rom funding news to the latest startups powering its buildout to the latest trends in crypto.
What does it mean?
In general, the term Web3 refers to the next evolution of the internet primarily built on blockchain technology.
Whereas Web 1.0 represents the early days of the internet and its static, heavy content-related nature, Web 2.0 was the maturation of that into a more user-generated network that brought about more utility, sharing and interactivity.
Web3 could be the most significant step yet. It refers to moving the internet toward decentralized technologies with the promise of increased transparency and accessibility. This ideally would make the internet open to more innovative technologies and take it away from the large tech players some think have too much control.
More money
There is much debate around whether that will鈥攐r even can鈥攂e true, but there is little argument Web3 and all its aspects have attracted the attention of both the startup and investor communities.
, VC-backed Web3 builders, crypto startups and blockchain developers raised more than $30 billion last year, compared to less than $5 billion in 2020. Already this year, such startups have raised more than $14 billion, despite a slowing venture capital market.
That funding has led to several startups in the Web3 ecosystem鈥攕uch as blockchain technologies developer and digital asset trading desk鈥攈aving raised more than $1 billion alone.
Others such as ,, and more already have reached decacorn status鈥攑rivate companies valued at more than $10 billion.
The future
Investors say they believe there is much more opportunity ahead in the space. New platforms and infrastructure are necessary to build out decentralized applications. After that, the next focus for Web3 will be what people build on it鈥攆rom games to finance to social outlets.
The Web3 ecosystem can be thought of as similar to what went on with Web 2.0, where and built platforms that powered it and gave rise to the and of the world.
No one can be sure exactly where Web3 will go and if it will live up to the promises people have made for it鈥攂ut with more than 1,000 VC-backed startups in the ecosystem having been funded just this year alone, it should be an interesting ride.
We hope this tracker helps you on that journey.
We hope you鈥檒l find SA国际传媒鈥檚 Web3 Tracker to be a useful resource in tracking the world鈥檚 most valuable companies. Please reach out to me at cmetinko@crunchbase.com if you have any questions or feedback on the Web3 Tracker, or if you spot any data that鈥檚 missing or inaccurate.
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