The Recursive’s 2022 Web3 Trends and Stories in Review
The world of Web3 is evolving rapidly and is expected to reach new heights in 2023, as the technology has the potential to revolutionize the way businesses operate and enable companies to make better decisions, increase efficiency, and reduce overall costs.?
During the past 12 month, The Recursive managed to touch the surface on the topic and provide an introduction for our audience into the complex Web3 landscape - and this year we are ready to dive even deeper into the industry. For now though, you can take a look at our selected works on the topic.
Author: Petya Kotseva
Preview: “Despite volatility in recent months venture capital firms continue to raise capital for promising crypto projects. This week Binance Labs, the VC and incubation arm of Binance,?the largest cryptocurrency exchange?in the world,?closed a $500M investment fund that will stimulate the development of Blockchain, Web3, and value-building technologies.”
Author: Bojan Stojkovski
Preview: “California-based?Web3?infrastructure company?Mysten Labs?has big plans for Greece as it looks to make the country its next engineering hub and gradually expand in the region.
Recently, the company raised $300M in a Series B led by FTX Ventures and reached a valuation of more than $2 billion, with plans to use the latest funds on expansion and to continue building the core infrastructure to power Web3’s next wave of applications.”
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Author: Bojan Stojkovski
Preview: “As the?Web3?market grows exponentially, it needs more skilled people to work on it. Therefore, companies and startups in the Southeast Europe region and elsewhere are actively?looking?for talent that can work on many new and exciting projects and take on jobs in the Web3 domain, expected to be?worth?a whooping $81 billion by 2032.”
Author: Bojan Stojkovski
Preview: “Thanks to the use of decentralization and blockchain, Web3 is expected to create a new fundamental step in the development of the Internet – but the implementation of these technologies also leads to emerging risks and new types of cyber attacks. And cybercriminals that are looking to capitalize on such developments?have been coming up with new ways of compromising the various products and services used in the Web3 space, such as smart contracts, cryptocurrencies or NFTs.”
Author: Bojan Stojkovski
Preview: “The future of the?Web3?industry looks to be bright as many companies and startups worldwide are working to introduce new products and solutions in the following period. While 2022 has brought many challenges particularly for blockchain and crypto-related projects, whose technology is also intertwined with Web3, the next year could be crucial for the practical implementation of many of these concepts.”