The Present and Future Prospects Of Web3 For Banking And NFT Games

May 20, 2023 ⚊ 1 Min read ⚊ Views 83 ⚊ BLOG

Web3 classifies web services and mobile apps created with decentralized blockchain technology. It typically encompasses a wide range of cutting-edge technologies in development, such as cryptocurrencies, DAOs, and digital assets like non-fungible tokens (NFTs). The distributed, decentralized system known as blockchain, which is used to validate cryptocurrency transactions and track ownership of NFTs, calls for a significant amount of computational power and electricity. The environmental impact of blockchain has also been increasing as the NFT market and other Web3 technologies proliferate.

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Tags: crypto art, NFT game, Web3 for banking Switzerland

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