Staff Writer

Opportunities in Web3

Articles

Saudi Arabia

Move over ChatGPT, Google Bard is Gaining Traction

Artificial Intelligence

Pierrick Ribes is an accomplished professional adept in strategy formulation and consultancy. Fueled by an insatiable thirst for knowledge and a propensity for continual learning, he dedicates his free time to Lucidity Insights, enriching its content with insights drawn from his extensive professional expertise and refined research acumen.

A distinguished graduate of EDHEC Business School and Anglia Ruskin University, Pierrick holds a master's in management, an MSc in financial management, and a BA (Hons) in business management. His unwavering commitment to learning, coupled with a drive for professional excellence, underscores his aspiration to be an influential voice. Through his insightful writings, Pierrick aspires to provide invaluable knowledge and perspectives to the discerning readers of Lucidity Insights and Entrepreneur.com.

Contributing Writer and Researcher

Pierrick Ribes

India

Exploring DAOs: Understanding Their Definition and Diverse Types of Decentralized Autonomous Organizations (DAOs)

What is a DAO? The Different Types of DAOs

Crypto, Blockchain & Web3

Exploring Central Bank Digital Currencies (CBDC) Implementation and Blockchain Adoption Across Nations

Why Governments Around the World are going Ga-Ga for CBDCs

Navigating Cryptocurrency Regulation: Challenges, Failures, and the Path Forward

Navigating the Regulatory Maze: Crypto’s Road to Legitimacy

Transforming Governance for the Digital Era: Exploring Government Approaches to Blockchain and Web3

Government Adoption of Blockchain and Web3

Bringing Real Gamers to the Frontier of Play-to-Earn Web3 Gaming

“Game On!” Enter the Wild, Wild Web3! Bringing Real Gamers to Web3

Everything You Need to Know about Utility NFTs: Transforming Industries and Beyond

Utility NFTs: The Rising Digital Revolution Transforming Industries

All About the Tokenization of Real World Assets (RWA): Where Old-School Finances Meet the Wild West of Web3

Boomtown on the Blockchain: Where Old-School Finances Meet the Wild West of Web3

Navigating the Evolving Web3: Uncovering the Latest Trends and Shifts

Top 10 Trends Shaping the Web3 Ecosystem in 2023

Understanding Web3: A Beginner's Guide

What is Web3?: Unveiling the Next Frontier of the Internet

Erika is Co-Founder and Chief Content Officer at Lucidity Insights. Having  spent 15 years advising Fortune 500 companies  and multinational conglomerates  from around the world on how to grow businesses in emerging markets, Erika found that data and knowledge underpinned and empowered strategic decision-making. The creation of Lucidity Insights was inspired by the idea that strategic C-suite level data and insights could empower startups and Venture Capitalists in the MENAPT region, elevating the entire regional entrepreneurial ecosystem. 

Data is not just for the Chief Executive, or the data analyst after-all. Democratizing access to quality data across the tech ecosystem will elevate every startup and every investors’ decision-making, and thus, benefit the economy, overall.

Erika has worked with data to develop comprehensive business success stories and strategies for her entire professional career. She is a thought leader in growth strategies in fast-moving emerging markets, with a focus on Middle Eastern and Asian Markets. She is an expert on the startup ecosystems in the Middle East, and a thought leader on entrepreneurship, disruptive technologies and sustainability. She has worked with both government and corporates clients, across over 30 different industry verticals and in over 40 countries. She is best described as a data-curious strategic thinker and advisor, who also happens to be an  enthusiastic storyteller and writer.

Erika graduated from Stanford’s Graduate School of Business with an Executive MBA (MSx), and also holds degrees from McGill University (B.Sc Neuroscience) and the University of Cambridge (Sustainability in Business). She speaks English and Japanese, is conversational in French, and speaks survival Arabic. In her spare time, she is an avid globe trotter, having travelled to over 70 countries, and counts scuba-diving, free-diving and yoga among her favourite activities. She is a self-described wellness-junkie and adventure enthusiast. She is also a dog mum.

Co-Founder & Chief Content Officer

Erika Masako Welch

Building Web3: A Comprehensive Report on Top Trends Shaping the Web3 World in 2023

Web3 Revealed: A Comprehensive 2023 Report on the Future of the Internet

New Special Report: Top 10 Trends of Web3 in 2023

Top 10 Trends of Web3 in 2023

We are a team of passionate Researchers, Data Junkies, and Story-Tellers that believe there is not enough quality business insights and compelling data analysis available in the marketplace, told in the formats users want. We want to give an insider's look into the industries, businesses and economies that are changing the world today, so our users can become inspired, empowered and equipped to run their businesses as best they can.

Lucidity Insights Research Team

Infobytes

United Arab Emirates

Social Media Platforms Usage in MENA Countries in 2023

Social Media Usage in MENA Countries (2023)

Entertainment

United States

The USA Tech Adoption Across Various Technologies from 1990 to 2023

US Tech Adoption Across Various Technologies

MENA AI Market Size in US$ from 2023 to 2033

MENA AI Market Size (2023-2033)

Number of  years it took each platform to reach 100 milion users

How Long Each Platform Spent to Reach 100 Million Users

Crypto Regulations Around the World Vary Significantly Among Countries

Crypto Regulations Around the World

Bitcoin’s Boom and Bust Can Be Seen from Its Decline in 2021

Bitcoin’s Boom and Bust

Locations of Private Credit Real World Asset's End-Borrowers and Active Value across Sectors

Locations of Private Credit RWA's End-Borrowers and Active Value across Sectors

How to Shift Careers into Web3: Introduction to 101 Blockchain

High-Demand Jobs in Web3: 101 Blockchain

Addressing Scalability of Blockchain Networks with Rollups: Key Features and Advancements of Layer-2 Rollups & ZK Rollups

Comparison of Layer-2 Rollups & ZK Rollups: Key Features and Advancements

NFT Trading Volume Over the Time (Million USD)

Total NFT Trading Volume

These Countries are hot for Central Bank Digital Currencies (CBDC)

These Countries are hot for CBDCs

Marginal Costs of Different Financial Systems

Why DeFi is Up Ending Traditional Finance

Where Are the Blockchain Game Investments Going? 2022

Where Blockchain Meets Gaming

The History of Web3, Crypto, and Blockchain: Top Key Moments

Defining Moments in Web3 History

Web3 is Already Upon Us: The Old Centralized Apps vs. Decentralized Web3 Apps

Web3 is already upon us

Top Five Key Characteristics of Web3

Top 5 Defining Features of Web3

What's the Difference? | Web1.0 vs Web3: The Internet's Epic Evolution

What's the Difference? The Evolution from Web1.0 to Web3

Web3 Adoption Outpacing the Internet: A Comparative Study

Web3 Tech: Faster Adoption than the Internet

Special Reports

Dubai Green Future: Powered by Renewable Energy 2024 Report

Dubai’s Green Future: Powered by Renewable Energy

Sustainability & ClimateTech

Global

Top Blockchain Innovations in 2024 | Lucidity Insights

Special Report: Innovations in Blockchain

To Your Doorstep: The Future of Food Delivery in Saudi Arabia

The Future of Food Delivery in Saudi Arabia

FoodTech

Egypt

Special Report: Investing in Egypt’s Startup Ecosystem in 2024

Investing in Egypt’s Startup Ecosystem

Entrepreneurship

Special Report "The Business of Impact Investing in 2023"

The Business of Impact Investing in 2023

Special Report: "Exploring MENA Healthtech Business"

The Business of Healthtech in MENA

HealthTech

Special Report: "Sustainable International Trade for a Resilient Future"

Sustainable International Trade for a Resilient Future

Special Report: The State of the Electric Vehicle Revolution 2023

The State of the Electric Vehicle Revolution 2023

Mobility

Special Report: Foodtech in MENA, How Innovation is Transforming the Culinary Landscape

The Growing Business of Foodtech

Special Report: "Opportunities in Web3"

Dubai's Venture Capital Ecosystem | Special Report

Dubai's Venture Capital Ecosystem

The Future of Fintech in Africa

Fintech

Diriyah and Saudi's the Giga Projects | Special Report

Diriyah and the Giga Projects: Defining the New Saudi Arabia

Tourism

The Evolution of the KSA Startup Ecosystem: A Deep Dive into Growth and Innovation (2010-2022)

The Evolution of Saudi Arabia Startup Ecosystem 2010-2022

Dubai's Digital Economy and Startup Ecosystem | Special Report

Dubai’s Digital Economy and Its Expanding Startup Ecosystem

MENA's M&A Landscape 2017-2022: A Comprehensive Review

The Middle East & North Africa’s M&A Landscape 2017-2022

Sustainable Innovations and Startups in the MENA Region

Innovations In International Trade

Economies

Inside Egypt Startup Ecosystem | Special Report

Egypt's Burgeoning Start-Up Ecosystem

Dubai’s Digital Economy Capital Roadmap | Special Report

Dubai’s Roadmap to Becoming the Digital Economy Capital of the World

Web3 is something that everyone seems to be aware of and many are talking about, but few people truly understand the extent of its implications. Web3 is hailed as the &lsquo;future of the internet&rsquo; and the next big technological revolution. <a href="https://lucidityinsights.com/reports/opportunities-in-web3">The Special Report</a> explores Web3&rsquo;s origin story, what makes Web3 the revolutionary game-changer that it is touted to be, and the top 10 trends of Web3 in 2023.&nbsp;&nbsp;

Web3 is being described as the great new frontier in the internet landscape, where pioneers tap into their quest for freedom and autonomy, empowered by cutting-edge technology and some serious coding chops. This next wave of the digital revolution is all about decentralization, and moving away from the top-down command and control principles that we&rsquo;ve largely built society on, to date.&nbsp;&nbsp;

Many of the core concepts surrounding Web3 such as decentralization, openness, and greater user-utility, were introduced in the 1990&rsquo;s as the World Wide Web came into being; but it wasn&rsquo;t until the advent of blockchain technology in 2008 that Web3, as we now know it, began its formulation. 2022 is largely heralded as the year Web3 had its coming of age, where this &lsquo;decentralized web&rsquo; was garnering significant mainstream adoption and truly introducing a technological paradigm shift for our global digital economy.&nbsp;

As the visionary Joseph Lubin, the Co-founder of Ethereum and CEO of Consensys, puts it, &ldquo;Web3 empowers communities with economic, social and political agency. While enabling individuals to exercise self-sovereignty. In web3, we are not just passive consumers &ndash; or worse, we are products monetized by social media companies; we are active builders. Whether it&rsquo;s creating NFTs, building collections of them, developing dApps, participating in DAOs, shaping policies, or designing protocols &ndash; we all contribute as builders to the next generation of the web.&rdquo;&nbsp;

<img alt="" src="https://cdn.lucidityinsights.com/uploads/opportunities-web3/articles/launch/01.jpg" />Infographic: The Evolution from Web 1.0 to Web3

Though Web3 may sound like it&rsquo;s still in its nascent stages, the speed of crypto, blockchain and web3 adoption is nearly 2.5x faster than the speed at which the internet was first adopted in the 1990&rsquo;s. It is conservatively estimated that there are over 420 million crypto users worldwide as of the beginning of 2023, meaning that there is a 4.2% global crypto ownership rate. Many forecast that there will be 3.7 billion crypto users by 2030.&nbsp;

<img alt="" src="https://cdn.lucidityinsights.com/uploads/opportunities-web3/articles/launch/02.jpg" />

Infographic: Technology Adoption Curve - Log Scale - Web3 2030 Forecast vs Early Internet&nbsp;

In this Special Report, <a href="https://lucidityinsights.com/">Lucidity Insights</a> covers the Top 10 Trends in Web3 today, including how real gamers are being brought into Web3, how NFTs are becoming utility-focused, the revival of decentralized exchanges, the impact of Artificial Intelligence on Blockchain, the increased tokenization of real-world assets, and the rise of decentralized autonomous organizations (DAOs). The report also covers some of the most exciting and game-changing Web3 startups and projects, reviews government adoption of blockchain and web3, and global trends in regulating this new industry.

<a href="https://lucidityinsights.com/reports/opportunities-in-web3/read">The Special Report</a> also covers Central Bank Digital Currencies, also known as CBDCs &ndash; something making waves across the world. It also covers the legalization of cryptocurrencies and different approaches countries are taking towards digital currencies. The good news is, among 80 countries that were analyzed, 57 legalized cryptocurrencies, while 14 have partial bans, and 9 &ndash; including China &ndash; have general bans. But legalization and regulation are not the only challenges the Web3 industry faces. From&nbsp;scalability limitations, to a lack of interoperability, user experience concerns, and some privacy and security issues, the industry is working hard to promote education and mainstream adoption.&nbsp;&nbsp;

<h2>To read more about the future of web3, the decentralized web &ndash; read the full report <a href="https://lucidityinsights.com/reports/opportunities-in-web3/read">here</a>.</h2>

<a href="https://lucidityinsights.com/reports/opportunities-in-web3/read"><img alt="" src="https://cdn.lucidityinsights.com/uploads/opportunities-web3/articles/launch/Web Banners_800x450b.jpg" /></a>

Spotlights

The Rise of the Builder in the Age of Web3: Consensys Reveals Global Survey on Crypto and Web3

Consensys Pioneers a New Era: The Rise of the Builder in the Age of Web3

The Dawn of Web3: Joseph Lubin’s Visionary Journey

Simona Sutaviciute

Sam Altman Speaks Up About ChatGPT and a Future Fueled by Generative AI

Sam Altman on ChatGPT and a Generative AI fueled Future

Videos

What is Lucidity Insights? Subscribe now to your source for MENA financial clarity!

What is Lucidity Insights?

Is this the most ambitious crossover? The Synergy of AI and Blockchain

The Synergy of AI and Blockchain

Decentralized Finance vs Traditional Finance. What's the Difference?

DeFi vs TradFi

How Real-World Asset Tokenization Will Transform the Way People Invest

How RWAs Will Transform the Way People Invest

A Visual Odyssey: Tracing the Evolution and Journey of Web3 Through Time

A Timeline of Web3's Evolution and Journey

What are Decentralized Autonomous Organizations?

What is a DAO in the Web3 World?

Web3 Gaming: Where’s the investment going?

Web3 Gaming: Where’s the money going?

Web3: The Evolution Beyond the Current Web

How Will Web3 Replace the Current Web?

Navigating Cryptocurrency Regulations Across the Globe

A Tour Guide to Crypto Regulations Around the World

Cryptocurrency Turmoil: Tracing Bitcoin's Rollercoaster Ride and the Race for Crypto Regulation

About

Legal

Social Media