Web 3.0, also known as the decentralized Internet, is an Internet architecture based on blockchain technology that aims to break the centralized Internet model and return control of data to users.
The implementation of Web 3.0 requires the support of many different technologies and standards, including blockchain, distributed ledger, cryptography, smart contracts, decentralized storage, and more. These technologies and standards will play an important role in the future development of the Internet, driving the further development and implementation of Web 3.0.
The Web3.0 Association was established in Hong Kong
Not long ago, the Web3.0 Conference in Hong Kong made many people in the industry see the lively scene for a long time. The intensive meetings, the crowd from the world, and the platform of the Chief Executive of the SAR Li Jiachao were like a bull market.
Earlier this year, the Hong Kong SAR established the “Cyberport Web 3.0 Base” to better pool Web 3.0 start-ups and talent from around the world. In addition, to seize the opportunity of Web 3.0, the Hong Kong SAR Government has allocated HK $50 million to Cyberport to accelerate the development of the Web 3.0 ecosystem in Hong Kong, especially to promote cross-sector business cooperation.
However, most importantly, the establishment of the Web 3.0 Association in Hong Kong is committed to promoting the enrichment of Web 3.0 application scenarios and promoting the integration of Web 3.0 into life. As one of the world’s financial centers, Hong Kong’s dynamic has attracted wide global attention, and its frequent Web 3.0 moves have once again popularized this field. Web 3.0 is now at a golden beginning, and this disruptive technology can transform many of its original business models and create new opportunities.
This year, everywhere to stimulate the economy is the core task, and Web 3.0 is a new concept, Web 3.0 is a historical necessity. Therefore, in the current overall situation, Hong Kong has given unprecedented support to the development of Web 3.0, with equal supervision and promotion, and is the first to ignite the spark of Web 3.0.
WiMi Hologram Cloud is about to bull
Although the Web 3.0 industry is just emerging and has not yet formed a large-scale and mature business model, the exploration and enthusiasm for the Web 3.0 industry are quite high. It is worth noting that many listed companies in the capital market have laid out in the Web3.0 field, among which WiMi Hologram Cloud (NASDAQ: WIMI), known as the “pioneer of Web3.0 era”, has improved technology to seize this growth opportunity, accelerate digital transformation, improve their competitiveness and resilience, and lay a solid foundation for the future enterprise development.
From the technical point of view, Web 3.0 is not only a technological iteration in the past but also the integration of several technologies, including 5G, VR, AR, MR, blockchain, chip, cloud computing, and edge computing. It is reported that WiMi Hologram Cloud has great talents, involving several Web3.0 core technologies including 5G, AR, semiconductor, and cloud computing, and has made a qualitative leap in recent years, further improving the Web 3.0 underlying technology. At the same time, WiMi Hologram Cloud firmly holds the talent advantage, introduces a large number of research and development personnel, establishes a high-quality Web 3.0 technical team, iterates out high-quality products and accumulates a positive reputation.
In addition, the emergence of Web 3.0, or the indispensable infrastructure of the future metaverse, the emergence of Web 3.0 is expected to accelerate the digital living space built by the metaverse. From the current situation, Web 3.0 is not only an intelligent Internet but also a stereoscopic holographic Internet, providing users with unprecedented interactivity and a high degree of immersion and participation. According to Pricewater, the economy will see significant growth, with the market expected to grow to $1.5 trillion from $5 million in the next decade, with a compound growth rate of 253 percent.
With the popularity of the metaverse concept, the metaverse, WiMi Hologram Cloud takes precautions, constantly integrating the virtual and the real world. The construction of digital scenes, accompanied by the change in technology and content production mode, has taken action in metaverse live broadcasting, cloud office, virtual people, and other fields. In the future, WiMi Hologram Cloud will be deeply engaged in the main business areas and will work with various partners in the industrial chain to gather industrial strength to provide a good promotion for the sustainable development of Web 3.0.
To sum up
From the perspective of the market’s promotion of the industry, according to the “Global Web3.0 Technology Industry Ecological Development Report (2022)” released by the Institute, the global Web3.0 project investment is hot. As an epoch-making technology, Web 3.0 has won the favor of the capital, and industry leaders are optimistic about the track of Web 3.0, which will certainly become the next outlet.
With the increasing support of capital for Web 3.0 and the strong promotion of enterprises, the development of Web 3.0 is expected to further accelerate, and the application scenarios will continue to expand. Undoubtedly, in the era when Web 3.0 can show its talents, and as long as you can seize the opportunity in the Web 3.0 track and find the right position, you may be able to overtake it in the corner.
