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Web 3.0 is the third-generation of internet services and the next step in the web’s evolution, which is being aided by the increasing and broadening capabilities of artificial intelligence (AI) and machine learning (ML), as well as the precipitous development of blockchain technology. The primary factors driving the growth of the worldwide web 3.0 blockchain industry are the transfer of data ownership to the user, the rise in data transparency, and the tightening of data security. However, a lack of knowledge is anticipated to hinder market growth throughout the forecast period.
