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The so-called third “generation” of the Internet, which would decentralize content regulation, empower new AI processes, embrace the metaverse, and accept digital currencies as its principal payment method, seems to be closer than we believe.
If you’re an active Internet user, you’ve undoubtedly already heard the term Web 3, or Web 3.0. It alludes to the next generation of the internet, which supports decentralized protocols and works to reduce our reliance on mammoth online retailers like YouTube, Netflix, Amazon and many more.
Enable Web3 Login on your Website
By enabling a Web3 login method to your website you are offering your users a step into the decentralized internet by offering them more control over their wallets, funds, transactions and much more.
Thanks to the non-custodial wallet address providers like MetaMask, Magic, users can login to your website and have full control over their keys, seed phrase, assets, transactions, etc.
Since Web3 login methods improves users’ security, it means that they will have full responsibility over their wallet addresses and this will release a huge pressure over your shoulders since you don’t have to worry about user’s private data since it will be fully decentralized.
Enable Web3 Payment Methods on your Website
Digital payment gateways have become a very well-liked solution because of its capacity to replicate the conventional debit and credit card acceptance process, whereby decentralized currencies will always involve additional steps as their centralized counterparts do.
Web3 payment methods are the next generation of payment and wallet address providers like MetaMask, Magic, Trust Wallet and few more are leading the way.
By enabling a Web3 payment methods to your website, you are allowing users from around the world to start accepting cryptocurrency payments. Your users will be able to send and receive cryptocurrencies payments to over 1,000+ currencies including the popular cryptocurrencies like Bitcoin and Ethereum and even stablecoins like USDT, USDC, DAI, and many more.
Not just that worldwide users will be able to use your services anywhere and at any time, there is no blacklisted countries like on some centralized platforms to block users from using the services.
Web3 payments are important because they can:
- Offer transparency;
- Allow worldwide users to send and receive crypto payments;
- Increase security thanks to the decentralization;
- Provide non-custodial crypto experience;
- Allow full control over user’s wallet, funds, transactions, etc.
Enable NFT Authentication Tools on your Website
The security of your users matters, therefore, they can authenticate and login on your website in a truly decentralized way where they’ll have full control to their personal data by using the blockchain technology.
For example, EGG users can easily explore NFTs by entering their blockchain domain on our wallet explorer. This way, their NFTs will be displayed in a cool Web3 Cardboard where millions of cryptocurrency owners can see it.
Besides that, users are able to connect their wallet address or ENS name EGG.FI in order to modify or edit their NFT Cardboard which proves their authentication and guarantees that the NFTs displayed on that cardboard are in the possession of that user.
First and foremost, collectors need to identify the source of the NFT and its legitimate owner.
The value of NFTs is based in part on their rarity, so the next step is to make sure that the artwork you create is not a copy or derivative of an existing work. Its value is questionable if the artist makes some copies or slightly revised versions of the work.
In addition, anyone can copy the image file and create it as an NFT, so the creation is associated with a particular author, or the verifiable rarity and provenance that is the most valuable component of the NFT is out of the window.
You need to be able to prove that you are the real creator. Physical art has a master, often a print (or copy) of the original work. The master has the greatest value.
Final Thoughts
As you can see, Web 3.0 has a lot of potential, and it won’t be long before our Internet interactions change to provide a better and more independent experience. Want to learn more about Web 3.0 or have your very own application created by professionals in the industry while utilizing the most recent tools and trends? To schedule a free digital consultation appointment, email us.
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of EGG Finance. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.