Web3 is an exciting new development in the world of technology and the future of the internet. There are many reasons to be optimistic about Web3, including its potential to open new opportunities, improve security and privacy, and create a more decentralized and inclusive internet. Web3 is enabling developers to create powerful new applications and services that are not just limited to the traditional web. It allows for better data sharing and collaboration, and creates new opportunities for individuals and businesses to access and share information with greater ease and transparency. Additionally, experts believe that Web3 will make the internet more secure and private, protecting users’ data and creating a more resilient system.

Finally, Web3 creates a more decentralized internet, with more power given to individuals and less control to governments and corporations. All of these features make Web3 a major force for good in the development of the internet in the future.

It is to highlight the tremendous potential that web3 has and the sea of opportunities that it has thrown open for developers, enthusiasts and entrepreneurs that Zeeve organized a Twitter AMA session. Hitesh Sharma, blockchain developer and expert from Zeeve was fielded some relevant questions on the challenges, obstacles in adoption of web3, the scope it holds and how web3 will pave the way for future proving useful with real-world problems.

Hitesh started off the AMA session answering how the lost confidence in the future of crypto and blockchain technology due to the recent negative sentiments brought forth by Terra Luna crash and so on. He stressed on how despite some adverse incidents bringing in crypto winter, there is every reason to stay optimistic as the investments in the sector will continue to grow and the participants will get more value as the domain will expand.

Hitesh elaborated that a lot of industries, including health care, supply chain, hospitality and educational players have started exploring the blockchain technology and its use cases for their respective domains. However, it is the financial sector and banking that is still leading the chart in context to the implementation of blockchain and its application in solving complex challenges.

Hitesh also shared his view that 2023 will be a big year for blockchain and its increased acceleration would be seen across different industry verticals. Web3 will grow manifold in the coming years for its distinguishing features. Investments in the space will not only match but also surpass the stellar growth rates that once fintech domain registered. He talked about a few important use cases where blockchain helped financial organizations and banks.

The AMA session saw discussions around how the future looks to be incredible and exciting in the years ahead for Web3. Hitesh also answered questions on how Defi, DEX, Nfts, Metaverse, Gaming, and others will affect the growth of Web3.

With the rise of blockchain technology, Web3 is quickly becoming the go-to technology for businesses and organizations around the world. Web3 is expected to drive a major shift in the way we use the internet, with decentralized applications and services becoming more widespread.