Blockchain of Things platform plans to boost further adoption with startups competition
The advent of the internet led to a paradigm shift that has transformed nearly every aspect of society since then. This was compounded by the growing interconnectivity of an ever-increasing amount of WiFi-enabled devices known as the Internet of Things (IoT) that fostered the development of Web 2.0. Innovations enabled by blockchain technology, such as decentralized finance (DeFi) and nonfungible tokens (NFTs), are now being referred to as the basis for Web 3.0. Whereas Web 2.0 integrated the internet into our daily lives and greater culture and society, Web 3.0 portends a decentralized digital version of the world online, which will have a resounding effect in the real world.