Web 3.0 Statistics: Web 3.0 is the third generation of the evolution of web technologies. Web 3.0 was initially known as the Semantic Web (termed by Tim Berners Lee), the inventor of the World Wide Web. It was intended to be more autonomous, intelligent, and open. Apps and websites will be able to use technologies like Machine Learning (ML), Big Data, and Distributed Ledger Technology (DLT), to process information as if they were human-like.
Web 3.0 can be defined as “Data becoming interconnected in a centralized fashion, which would be a great leap ahead of our current generation’s internet (Web 2.0), whose data is mainly stored in centralized repositories.”
In addition, machines and users will be able to communicate with data. However, for this to happen, programs must comprehend information both conceptually AND contextually.
Overview
- Evolution of Web
- Web 1.0
- Web 2.0
- Web 3.0
- Created – Tim Berners-Lee (1989)
- Termed by Tim O’Reilly
- Defined by Gavin Wood
- Content type – Static
- Content type – Dynamic
- Content type – Semantic
- For – Information Delivery
- For – Social Networks
- For – Metaverse
- Infrastructure – Centralized
- Infrastructure – Cloud
- Infrastructure – Decentralized
- Relational database
- Blockchain-based
Features of Web 3.0
- Decentralized – Web 3.0 will be distributed, in contrast to the two previous generations of the internet, where applications and governance were heavily centralized. Web 3.0 will enable services and applications in a distributed way without a central authority.
- Blockchain-based – Blockchain is the key to creating decentralized services and applications. The blockchain system allows data to be distributed, and connections between services to be made differently than the traditional centralized database infrastructure. Blockchain can also be used to enable an immutable record transaction and activity. This allows for verifiable authenticity within a decentralized world.
- Cryptocurrency-enabled – Web 3.0 services are dominated by cryptocurrency. It is a significant feature and essentially replaces fiat currency.
- Artificially Intelligent and Automated – Web 3.0 will have more automation. AI will primarily power this automation.
Statistics About the Web 3.0 Market
- The Web 3.0 market was valued at US$3.2 billion in 2021.
- North America is the primary market share holder, with a total share of around 34%.
- The market capitalization of Web 3.0 is estimated to be US$27.5 billion.
- In Q1 of 2022, Web companies raised more than US$1.8 billion.
- In 2022, around 46% of finance apps will be based on Web3 technology.
- Web3-based technology is used in more than 73 million games.
- Blockchain-based games increased by 2000% from 2021 to 2022.
- Web 3.0 will be heavily regulated in comparison to Web 2.0 as per consumers (43%)
The Region-Wise Market of Web 3.0
The region of North America is the major market holder of Web 3.0 with a total share of 34%. The second highest market share holder is Europe, with 24% of the global market. The Asia-Pacific has a market share of 18%. The shares of other regions combined account for the remaining.
Demographics
Web 3.0 term is not heard by 54% of US consumers
Even though only 13% think they fully understand the term, most people have formed opinions about it. 83% believe Web3 can improve their lives, while 10% feel it will lead to a decline in their quality of life. This positive attitude is not surprising since 53% of Web2.0 users feel the social internet is restricting their rights. 70% believe they cannot control how Web2.0 social media use their details.
Men are more aware of Web 3.0 as compared to women
Web 3.0 stats indicate that 17% and 8% of men and women have heard this term. Web 3.0 is much more well-known among younger generations. Web3 is known by 20% of Gen Zers, 18% of millennials, and 11% of Gen Xers. Gen-Z and millennial males had the highest awareness rates (27% and 24%, respectively). The awareness rates in both cases were twice as high as those of female counterparts (13%, and 11%, respectively).
Only 18% of Americans have heard of DAOs
The acronym “decentralized autonomy organization” denotes organizations democratically governed and based on Blockchain technology, the foundation of Web3. Like Web3, data shows that more men than women have heard of the term (20% to 15%). Additionally, the percentage of millennial men who are aware of the term is the highest (27%).
More than 73 million gamers use web-based Fortnite and Roblox
Roblox is home to more than 43,000,000 active users, while Fortnite boasts over 30 million. Fortnite players make up nearly 72.4%, while Roblox users are 44% female. Roblox’s users are overwhelmingly young (67%), with most under 16. About 67% of Fortnite users are between 18-24.
Among the total millennials in the US, 23% are NFT collectors
Web3 facts show millennials are among the most avid digital asset collectors known as nonfungible tokens, or NFT. Nevertheless, 8%, 4%, and 2% of Gen-Xers and Gen-Zers said they also collect them. This is not just a hobby; it’s also an investment opportunity because the demand for NFTs has increased exponentially in recent years.
Trends
Crypto activity has seen a growth of 706% in Asia during 2020
Defi, one of the new trends in Web 3.0, is the critical driver of cryptocurrency growth. Asia received US$575.2 billion in value between July 1, 2020, and June 30, 2021. That’s 14% of the global total. India, Pakistan, and Vietnam were three of the largest countries in the region. Moreover, Ether’s close ties have made it the top coin.
Blockchain games increased by 2000% from 2021 to 2022
According to statistics, Web 3.0 gaming accounted for 52% of all blockchain activity in March 2022. In March 2022, blockchain gaming was responsible for 1.22 million unique wallets. Experts attribute this increase to NFT gaming’s rise, which allows players to buy exclusive in-game additions. Polygon was the most popular Web3 game developer. It saw a 219% growth in usage over the first 3 months of 2022. This was due to Aavegotchi and Legacy as well as Arc8.
Polkadot is the top crypto coin of Web 3.0
All Web 3.0 coins’ combined market capitalization was US 23.4 Billion as of late August 2022. While Polkadot remains the most successful coin, Web 3.0 statistics indicate that Chainlink is second with a US$3.3 Billion market capitalization. Filecoin comes in third place with US$1.6billion, while Theta is fourth with US$1.2 billion. Other coins are below the US$1 Billion mark at present.
In 2021, the total number of Web 3.0 virtual world users was 50,000 in selected virtual platforms. Other users in these selected platforms were Non-fungible Tokens (412,578); Blockchain gaming (2,364,576); and Decentralized finance (3,450,000).
The global market capitalization for Facebook’s Metaverse (Web 3.0 Metaverse), was US$0.03 trillion in 2021. The market capitalization for the Facebook-owned Metaverse amounts to US$0.90 trillion. The Metaverse, which is gaming- and Esports-based, is valued at US$1.98 Trillion. Web 2.0 is the previous web version and is worth US$14.80 trillion.
According to survey research, the Metaverse’s benefits are classified based on their percentage. These include Overcoming obstacles (39%), creativity and imagination (37%), traveling the world without moving (37%), technological literacy and skills (34%), and connecting with people without feeling awkward (34%). Other benefits include new job opportunities, the ability to meet your loved ones when you want them, greater education opportunities, and opportunities for self-expression.
Share of apps using Web 3.0 keywords by category in 2022 are – Finance (46%); Social (8.9%); Tools and utilities (8.9%); Business (5.8%); Games (5.7%); and Miscellaneous (19.5%).
The global digital population, in July 2022, of internet users was 5.03 billion, and of social media, users were 4.70 billion.
In the global number of online users, China, India, and the US are the leading countries. In 2022, China will have 1,047.40 million users, India will have 932.23 million users, and the US will have 307.34 million users. Other leading countries, as per the number of online users, are Indonesia, Brazil, Russia, and Japan.
Other Interesting Facts About Web 3.0
Web 3.0 social impact is due to tech companies; according to 51% of consumers
People often complain about tech companies’ role in today’s digital landscape. Web 3.0 stats show that 51% of US consumers believe the same companies are responsible for making this technology a better place for society. Most Americans believe developers also share this responsibility. 32% of respondents expect politicians, government regulators, and others to support the cause by establishing a clear legal structure.
A small group of people will benefit from Web 3.0; according to 41% of individuals
Nearly half (48%) of Americans believe that not everyone has equal opportunities to succeed online. A recent survey revealed that many believe the new technology will continue to serve only the interests and a few. Web3 is not the only concern. 41% of people believe that a more democratic and decentralized internet will become mainstream. However, 17% say Web3 is simply a marketing gimmick.
General FAQ About Web 3.0
How many Web 3.0 users are there?
Web 3.0-powered apps or services are not easily quantifiable. It is known that 18,416 Web3 developers are active monthly. In 2021, 34,391 Web3 developers signed up for Web3 projects, the most significant number of developers ever in a single year.
Is Web 3.0 a crypto?
Web3 doesn’t exist in a Metaverse. Web3’s pillar is decentralized ownership. However, ownership is not an essential part of the Metaverse. On the contrary, the Metaverse is about the experience. It uses AR/VR and digital currency for gaming, retail and social media. Web3 also focuses on creating new rules for an open internet.
Is Web 3.0 the future of the internet?
Web 3.0 is the next version of the World Wide Web. It was created to be the successor to Web 2.0. Web 3.0 seeks to eliminate data governing as a significant problem users face with the internet today. Web 3.0 relies heavily on blockchain technology and cryptocurrency to accomplish this.
