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Decentralization and DAO are supposed to add efficiencies. Big companies' Web3 projects and FOMO (Fear Of Missing Out) may also be a reason.
There are many reasons why people are interested in using Web3 technologies. Some of the primary reasons include:
1. The ability to create decentralized applications (dApps) that are not controlled by any single entity.
2. The ability to send and receive digital currencies without the need for a third-party intermediary.
3. The ability to access the decentralized web, which is not controlled by any central authority.
4. The ability to create smart contracts that can automatically enforce the terms of an agreement.
Most technology follows a bell curve in terms of adoption, with 4 distinct phases. Web3 is in the “Early adopters” phase. The technology is revolutionary, but the current experience is not. Many users perceive the space as complex and dangerous, and it is.
I am not very familiar with the technology, but I don't see a big difference from the current web. The idea of blockchain, NFL, metaverse, etc., to me, is all hype. Hence, claiming Web3 will incorporate all these technologies and make the web revolutionize is skeptic to me.
Adoption was much commercial value. And commercial value needs champions that are willing to shoulder the cost of training or change management. Web3 adoption would be driven by a startup who is able to make the technology useful on a day to day basis.