The emergence of Web 3.0 has given birth to a new generation of angel investors from India who support entrepreneurs in the field not just with funding but also with mentorship and community building, which these businesses value.
Before the creation of Web 3.0, the internet-driven by people was simply a myth, but today, with the introduction of the decentralized factor and peer-to-peer facilities, it sounds true. Blockchain technology has advanced so quickly that it has become the trendiest employment skill in the working field.
The most recent technological advancements are gradually opening up new, exciting, and well-paying professional prospects for tech-savvy entrepreneurs everywhere. Blockchain is one of the most modern, intriguing, and promising distributed ledger technology. Furthermore, it has gained traction in the IT business and is emerging as a top career option for those interested in this field.
Investors Seek Value Addition, Experience & Advise for Web 3.0
Web 3.0 does not require “permission;” suggesting that central authorities do not control who has access to what services, nor does it require “trust;” implying that virtual transactions involving two or more parties do not require an intermediary. Because these corporations and intermediaries obtain most data, Web 3.0 reportedly protects user privacy better.
Decentralized finance (DeFi) is one of Web 3.0’s blooming components. It requires conducting real-world financial transactions on the blockchain without the involvement of banks or the government. Ownership and data on Web3 apps and platforms are shared, making them more secure and private.
Several Web 3.0 entrepreneurs that have been in the industry for a few years are also mentoring and investing in early-stage firms through the stock and token assets.
Kashif Raza, the founder of the cryptocurrency educational website BitInnings, agrees:
“These startups need more mentoring than capital. For instance, if you onboard Tanmay Bhat, he gives you a platform and connects you to the right people within Solana or Ethereum. Also, if the media or influencers know that Sandeep or Tanmay is backing a venture; everyone is intrigued to learn more about the founder and the product,” Raza said.
“A lot of startups are struggling because they do not have these investors and aren’t able to build credibility.”
Web 2.0 vs. Web 3.0 – The Fundamental Change
When creating Web 3.0, artificial intelligence (AI), semantic web, and ubiquitous features are address. The justification for using AI arises from providing end customers with faster, more relevant data.
A website that employs AI should sort through and offer the information that a particular user would find helpful. Because the results contain websites voted on by users, social bookmarking as a search engine can outperform Google.
People, on the other hand, can influence these results. AI may determine between correct and incorrect findings, resulting in consequences similar to social bookmarking and social media without negative feedback.
“The principles of building a company still remain the same, right? Whether I’m building in crypto or Web3.0, I still need to build a culture, a team and have the right strategies. We are building financial services on Web3; so I need to understand financial services also and I need the Web2 experts and investors.”Anshu Agrawal, co-founder of Flint, which is funded by Sequoia and angels such as Nailwal and Kanani, said as much.
Web 3.0 allows us to speak with anybody or any machine on the earth without paying a charge to an intermediary. This shift will enable the emergence of previously unknown firms and corporate models.