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Lucidity Insights Research Team

Opportunities in Web3

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<p>The world wide web was launched in 1992 by Tim Berners-Lee. It was the greatest technological advancement of a generation, and one of the greatest leaps made by mankind. Between 1992 and 2006, the global internet adoption rate averaged 33% annual growth.</p>

<p>Interestingly, the adoption rate of Web3, blockchain and crypto has already dramatically outpaced the adoption of the internet, averaging 80% user growth year on year. It is expected that sometime between 2024 and 2025, the world of Web3 would have onboarded 1 billion crypto users.</p>

Web3 Tech: Faster Adoption than the Internet

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