Big tech companies that are already using Web3
Web3 is rapidly becoming what it is today and there are already large technology organizations that are starting to invest in it by rapidly becoming Web3 organizations.
Many major companies and venture capital firms continue to invest heavily in Web3 to avoid being left behind.
Here are 5 Big Tech Companies Using Web3
1. Meta
Facebook has prominent social networking services like WhatsApp, Instagram, and Messenger.
Meta is intended to attract millions of users. According to Statista, at least 2.87 billion individuals used Facebook, Instagram, WhatsApp, or Messenger daily through the second quarter of 2022.
Thus, since the switch, Meta has invested in the Oculus Quest, a physical device designed to expose customers to the Metaverse.
2. Shopify
Shopify is a Canadian company responsible for millions of online retailers.
Shopify CEO Tobi Lutke and even company CEO Harley Finkelstein have already shown their fervor for Web3.
“I think the future of retail trading and the business will happen in every single piece, in every single area. It can be offline in a gorgeous boutique or a huge farmer’s market.”
Additionally, Shopify has filed numerous patents on augmented reality. This includes one for a body measurement system that uses augmented reality and can suggest precise clothing sizes.
Twitter has its approach to Web3, and several tentative steps are still being taken. As one of the most well-known social media platforms, it could have a gigantic dominance.
Using NFTs as profile pictures seems to be an admirable way for NFT owners to show their status, especially people who have subscribed to Twitter Blue, as they will be able to choose an NFT as their profile picture.
4. Spotify
The growing number of users made this network one of the largest music streaming platforms in the world.
The platform has given many job offers based on web3, which integrate positions for managers, engineers, and professionals in the development of trends.
In the musical world, artists like Snoop Dogg, Kings of Leon, and Quick Grimes have already experienced success with their NFT song sales.
5. Microsoft
It has partnered with Astar Network to start building the future of Web3 through the Astar Incubation program.
Also, Microsoft and ConsenSys started guiding their consumers to Consensys in 2021 after they discontinued Azure blockchain services and started to cooperate.
Microsoft has also expressed interest in Polkadot, an additional smart contract technology that competes with Ethereum via the Astar Network.
Web3 organizations can experience a new future
Without a doubt, Web3 technology will transform the way we interact with the digital realm. However, it is important to consider that moving from Web2 to Web3 will not happen quickly.
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