Cryptocurrency transactions could become a mainstream affair in less than two years, and Web 3.0 technology will likely play a critical role in enabling internet companies to offer crypto services, says a report from US-based management consultancy firm Gartner.
The report, titled ‘Gartner Hype Cycle for Blockchain and Web 3.0, 2022,’ published last month, observed that cryptocurrencies are gaining increased attention from enterprises after years of fragmented adoption.
Using the Hype Cycle methodology, Gartner estimated that cryptocurrencies could see “mainstream adoption in less than two years.”
Gartner’s Hype Cycle graph also predicts the growth of Web 3.0, non-fungible tokens (NFT), decentralised finance (DeFi) platforms, and blockchains, among others.
What Is Web 3.0?
Web 3.0 was coined by British computer scientist and co-founder of the Ethereum (ETH) blockchain Gavin James Wood. He now heads his Web 3.0 Foundation.
Wood predicts that all data, including financial, social, and...
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