The world will be far more dependent on technology in the future than it is today. And the tremendous increase in Internet usage has sparked a new technology wave that is immersing everything and everyone. The rebranding of the tech behemoth of the twenty-first century indicates a paradigm shift from web2 to web3.It’s also a new way in which culture is made, consumed and distributed.
Web3 has the potential to be a major changer in the growth of the internet. Web3 is, at its core, a vision for a more open, decentralized, and secure internet enabled by technological developments.The applications appear to be unlimited, particularly within the area of the entertainment business.
There are huge problems that have to be fixed in the current entertainment sector. The general expansion of the industry is hindered by issues such as content piracy, intellectual property rights infringement, revenue loss, ambiguous royalties, and challenging transactions.There is growing skepticism regarding these long-standing problems that blockchain and Web3 technologies claim to remedy through their fairness, transparency, and decentralization.
With the leverage of blockchain and crypto technology, the whole entertainment sector will undergo reconstruction.The content can be more engaging, immersive, and concentrated than ever. There are new techniques for creating, disseminating, and advertisingFor Metas sees the potential of reforming the entertainment industry through the leverage of web3 and is building something different.