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One of the key principles driving this movement is that, when we create content or submit personal data online, we’re handing over ownership to companies who can change, delete, or sell it.
However, blockchain technology provides a platform for developers to build secure decentralized applications so users can securely access and store data on a shared platform, without the need for a third-party intermediary.
This is enabling innovation worldwide and is poised to permanently impact the way digital content is owned and shared. Brands such as Amazon, Nike, Starbucks and Disney are set to launch web3 projects this year, and according to Electric Capital, there is a surge of web3 developer activity, with the stats to prove it.
- Coin telegraph reports the total number of monthly active web3 developers recently increased to more than 23,300.
- All-time high of 61,000+ crypto developers contributed code in the past 12 months.
- Dune Analytics shows that the total daily spend on NFTs has been increasing since November and hit 40 million dollars in January 2023.