Why is Cryptocurrency important for Web 3 platforms?
Even if you slightly follow the crypto industry, you are probably familiar with the lot of terminologies it generates. NFT, Metaverse and DeFi are a few examples. Get ready for a brand-new one: Web 3.0. The idea is that cryptocurrency can be used to create a completely new network rather than only for trading or transferring money.
What is Web 3.0 and how does it work? Web 3.0 community is the concept of a DAO(Decentralized Autonomous Organization ). With a DAO, Web 3.0 technologies and communities offer a type of self-governance to move away from centralized control over platform operations.