Web3 Importance Highlighted in Alex Tapscott’s New Book
A research report published by Spherical Insights & Consulting found that the global Web3 market size was valued at $182 billion in 2022. According to the report, this number is expected to reach $67.92 billion by 2032.
Yet while the potential behind Web3 is massive, confusion remains when it comes to understanding what Web3 is and the value the technology can provide.
Author and Managing Director at Ninepoint Partners investment firm Alex Tapscott told Cryptonews that he believes Web3 has created a new asset class from scratch. He noted that the mainstream wouldn’t understand this just by reading popular business press, however.
Tapscott’s recent book, Web3: Charting the Internet’s Next Economic and Cultural Frontier, provides a number of real-world examples that explain in simple terms how entrepreneurs and enterprises are leveraging Web3.
“I wrote this book to reset the conversation around Web3 and to explain to a mainstream audience why this new internet is such a powerful force for cultural, social, and economic change,” Tapscott said.
Indeed, Tapscott details a variety of Web3 business use cases throughout his book, allowing readers who may not be familiar with blockchain technology or cryptocurrency to grasp underlying concepts.
“I felt the need to wipe the mud off the windshield and give a clear-eyed take on all that has transpired and what’s to come,” said Tapscott. “In other words, the time has come, again, to explain to the world why they should care about web3.”
In order to help readers understand the concepts behind Web3, the first few chapters of Web3: Charting the Internet’s Next Economic and Cultural Frontier provide a broad overview of the different eras of the Internet.
For example, Tapscott explains that the
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