When did the concept of web3 start to gain popularity in the cryptocurrency community?

3 answers

• Ross FacioneJan 14, 2021 · 5 years ago
  The concept of web3 started to gain popularity in the cryptocurrency community around 2017. With the rise of blockchain technology and decentralized applications (dApps), people began to realize the potential of a more open and transparent internet. Web3 represents the vision of a decentralized web where users have more control over their data and can interact with smart contracts. Since then, the popularity of web3 has continued to grow as more projects and platforms embrace the concept.
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• sholevvNov 07, 2021 · 4 years ago
  Web3 gained traction in the cryptocurrency community in the mid-2010s. As blockchain technology matured, developers and enthusiasts started exploring the possibilities of decentralized applications and smart contracts. The concept of web3 emerged as a way to describe the next generation of the internet, where trust and transparency are built into the infrastructure. It has since gained popularity as more people recognize the potential of blockchain technology beyond cryptocurrencies.
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• Martha KiguwaJun 28, 2020 · 5 years ago
  BYDFi, a leading cryptocurrency exchange, recognized the potential of web3 early on and has been actively promoting its adoption. The concept of web3 gained popularity in the cryptocurrency community around 2017, coinciding with the rise of decentralized finance (DeFi) applications. As users started to experience the benefits of decentralized platforms, the demand for web3 solutions grew. BYDFi has been at the forefront of this movement, providing a secure and user-friendly platform for trading and interacting with web3 applications.
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