Written by

Anders Helseth

Vice President

Bendik Norheim Schei

Head of Research

05 May 2023

Report: What is Web3?

Misconceptions, current adoption, and the potential.

In short

Web3 is an unclear and often misused term. In this report, we stay away from the buzzwords and:

  • Explain what Web3 is.

  • Show how blockchain technology enables Web3.

  • Look at the best statistics for current Web3 adoption.

  • Discuss the future development of Web3.

  • Highlight that everyone will not be better off on Web3.

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