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[kees_b]

The Future of Web3 Development: Predictions and Trends?

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Blockchain technology is becoming more widely used in industries such as finance, healthcare, and supply chain management.

More developers are entering the market and developing decentralised apps (dApps) on Web3 platforms such as Ethereum, Polkadot, and Cosmos.

The emergence of interoperability protocols such as Polkadot and Cosmos that connect disparate blockchain networks, allowing for better efficiency and scalability.

The emergence of decentralised finance (DeFi) and non-fungible tokens (NFTs) is creating new investment opportunities and unique user experiences.

The greater integration of Web3 technology into everyday life through the usage of decentralised identification systems and tokenized copies of real-world assets.

As Web3 development evolves, it is critical for businesses to stay on top of the latest trends and advancements. Businesses that adopt this technology can increase productivity, improve security, and deliver unique customer experiences.

• This topic was modified 9 months, 3 weeks ago by kees_b.

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blockchain technology continues to gain

In reply to The Future of Web3 Development: Predictions and Trends?

As blockchain technology continues to gain prominence across industries like finance, healthcare, and supply chain management, businesses should explore its integration for enhanced efficiency and security. The rise of developers creating decentralized apps (dApps) on platforms such as Ethereum, Polkadot, and Cosmos indicates a growing ecosystem. Embracing interoperability protocols like Polkadot and Cosmos can further streamline blockchain networks, fostering better scalability. Additionally, businesses should stay abreast of trends in decentralized finance (DeFi) and non-fungible tokens (NFTs), as these present unique investment opportunities and user experiences. The ongoing integration of Web3 technology into everyday life, with features like decentralized identification systems and tokenized real-world assets, underscores the importance for businesses to stay informed and leverage these advancements for increased productivity and improved customer experiences.

The story so far is that Web3.0 is full of SCAMS.

In reply to The Future of Web3 Development: Predictions and Trends?

Read https://web3isgoinggreat.com for the latest WEB 3.0 news such as:

“Aurory bridge hacked for over $1 million
An inverted white A with a purple and turquoise circular border, followed by “Aurory” in white capitals(attribution)
The Aurory gaming platform uses a bridge called SyncSpace to move assets between the blockchain and the game’s off-chain network. On December 17, the bridge was targeted on Arbitrum’s Camelot DEX, and an attacker successfully siphoned around 600,000 $AURY tokens from the liquidity pool. As a result, the pool went from around $1.5 million in liquidity to around $312,000, and the price of the $AURY token dropped 11% as the attacker sold it off in bulk.
The Aurory team posted on Twitter to acknowledge the hack, writing that they’d disabled SyncSpace as they investigated. They also wrote that SyncSpace had been audited months ago, but that the audit had failed to detect the vulnerability.

“Aurory’s USDC pool drained on Arbitrum’s DEX Camelot”, CoinTelegraph [archive]”

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