The wave of business innovation enabled by Ethereum goes far beyond the myriad industries that have already seen significant traction on Ethereum. If successful, these projects will pave the way for new markets and business models that protect user privacy and allow businesses to develop cutting-edge applications that will drive the widespread adoption of Web 3.0. Driving the ecosystem forward is Ethereum’s disruptive potential. The resulting Web 3.0 Ethereum systems will give rise to richer, trustless interactions across many decentralized sectors, ranging from traditional banking, financial services, and supply chains to emerging tokenization, decentralized exchanges, DeFi, and NFTs. That’s why this year, businesses are expected to increase blockchain spending by more than 50% over last year for an estimated $6.6B total investment on blockchain solutions, with expected big spending increases to drive almost $19B in blockchain spending by 2024, according to IDC. The increased interest and spending have far-reaching implications for accelerating the advancement of the Web 3.0 ecosystem.
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