The crypto ecosystem in 2021 witnessed out of box innovations from the seemingly unattainable world of metaverse becoming an attainable project, to nascent idea of Neuralink, the world of virtual reality is expanding in many ways.
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The worldwide web received the spirit of crypto adoption with the heating discussions on Web3 technology. Non Fungible Token solidified it’s presence in 2021 with all time high transaction records. Like Web3, domain name are becoming more personified and brand centered . Let’s take a summary look of what this tech buzzwords are:
NFT Domain Name Extension; NFT Domains are new web extensions (like .com or . info for web2 and .dao, .nft, .x, .888 etc for web3) launched as smart contracts on public blockchains. For example, our domains are an ERC 721 on the Ethereum blockchain and Polygon Network, except . …
This is what makes your domain decentralized – This is what gives you complete control over your domain! Unstoppable domain is leading in this project. Domains have never been more valuable or important than they were in 2021.
The growth of e-commerce in the US goes hand in hand with the increase in NFT sales. There are 4.27 billion Internet users in the world, and each of them provides access to a websit
Neuralink : are creating the future of brain interfaces: building devices that will help people with paralysis and inventing new technologies that will expand our abilities, our community, and our world. The innovators led by Elon Musk seeks to design the first neural implant that will let you control a computer or mobile device anywhere you go.
Micron-scale threads are inserted into areas of the brain that control movement. Each thread contains many electrodes and connects them to an implant, the Link.
NFT : An NFT is a digital asset that represents real-world objects like art, music, in-game items and videos. They are bought and sold online, frequently with cryptocurrency, and they are generally encoded with the same underlying software as many cryptos.
Although they’ve been around since 2014, NFTs are gaining notoriety now because they are becoming an increasingly popular way to buy and sell digital artwork. A staggering $23 billion has been spent on NFTs in 2021.
The Metaverse is essentially a combination of virtual, augmented, and physical reality, and blurs the line between your interactions online and in real life.
But broken down more simply, it’s a handful of platforms like the Sandbox, Mirandus, and Decentraland on which people can interact in different ways.
Interest in it has taken off ever since Mark Zuckerberg announced that Facebook would be changing its name to Meta, and spending at least $10 billion on the metaverse. And as more people begin to place their bets on a future embedded in the metaverse, businesses have already begun to start new ventures in this digital space.
Web 3: Web3, short for web 3.0, is an envisioned future of the Internet in which people operate on decentralized, quasi-anonymous platforms, rather than depend on tech giants like Google, Facebook and Twitter.
As Web 3.0 networks will operate through decentralized protocols — the founding blocks of blockchain and crypto currency technology — we can expect to see a strong convergence and symbiotic relationship between these three technologies and other fields.
They will be interoperable, seamlessly integrated, automated through smart contracts and used to power anything from micro transactions in Africa, censorship-resistant P2P data file storage and sharing with applications like Filecoin, BRD to completely changing every company conduct and operate their business. The current slew of DeFi protocols are just the tip of the iceberg.
