Chinese citizens are showing more interest in Web 3.0


Blockchain technology is a revolutionary invention that has the potential to fundamentally change how information and data are shared. With China’s rapidly growing internet population, this leads to an interesting question: what does Web 3.0 mean for China?

Chinese citizens are showing more interest in Web 3.0

The Chinese government has waged a full-fledged attack on the cryptocurrency business in recent years, prohibiting its residents from trading or mining digital assets. 

While this move has resulted in the closure of numerous crypto-related businesses in China, interest in the field seems to be unaffected, as a recent tweet from a leading Chinese crypto reporter indicated that interest in Web 3 is on the rise.

Web 3.0 has piqued Chinese curiosity.

According to Colin Wu, search interest for “web3/web3.0” has lately increased, owing mostly to demand from Asian powerhouses such as China, South Korea, and Singapore. He went on to say that data from Baidu, a major Chinese search engine, backs up his claims.

According to Google Trends, search interest for “web3/web3.0” has risen lately, with the majority of searches coming from China, South Korea, Singapore, and other nations. The popularity of “web3.0” search has also increased, according to Baidu, a Chinese search engine. pic.twitter.com/gGO5E2ViKX

December 13, 2021 — Wu Blockchain (@WuBlockchain)

Interest in Web 3 and the Metaverse has soared in recent days, owing in part to Facebook’s rebranding as Meta and Twitter’s abrupt departure to concentrate on blockchain technology.

All of this has helped NFT/Metaverse-related initiatives, which were the only digital assets that were doing well despite the market’s downturn.

In other words, despite the Chinese government’s best attempts to curb interest in the crypto space, evidence now shows that, regardless of how governments try to restrict or limit people’ exposure to the sector, interest in the sector will continue to rise regardless of their objectives.

What exactly is Web 3.0?

Web 3.0 is largely recognized as the inevitability’s future. It is expected to be a major paradigm change since it is based on decentralization, more user freedom, and openness, according to experts.

Many have stated that Web 3.0 will be a place where real-world activities may be replicated in the virtual world, allowing users to cooperate and engage in the same way they would in the real world.

To make all of this feasible, Web 3.0 would rely on blockchain technology, which would also bring the embryonic crypto business into the mix, enabling the young industry to have a greater effect than it does now.

Posted in: Adoption, China

Chinese citizens are showing more interest in Web 3.0

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