A Web3 application is a decentralized software program that operates on a blockchain network. These applications leverage cryptographic principles, smart contracts, and distributed ledger technology to offer enhanced user control, data ownership, and censorship resistance. They often incorporate token-based economic models and decentralized governance structures. Unlike traditional web applications, Web3 applications typically interact with users through blockchain wallets rather than centralized servers.
Context
News frequently covers the development and adoption of Web3 applications across various sectors, including decentralized finance (DeFi), gaming, and social media. Key discussions revolve around user experience challenges, scalability limitations of underlying blockchains, and regulatory uncertainties. The ongoing evolution of Web3 applications is central to the broader vision of a more open, transparent, and user-centric internet.
The new AI-driven aggregation layer abstracts multi-market data and liquidity, fundamentally improving capital efficiency and price discovery in the prediction market vertical.
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