Web 3.0 Innovations Revolutionizing Business Models

Discover the key opportunities behind Web 3.0 capacity.

Why Should Businesses Embrace Web 3.0?

Keeping abreast of the rising trends is beneficial for every company. However, the advantages of doing business on the web using Web 3.0 technologies deserve a detailed description.

What Are the New Business Models Brought by Web 3.0?

From 2010 forward, the main business model of Web 2.0 has revolved mostly around the collection and monetization of users’ data. Big market players are aggregating users around their apps and services and profiting from showing them targeted ads.

  • Software-as-a-Service (SaaS). Create a web app that sells annual or monthly subscriptions to its services — this is how the SaaS model works in a nutshell. Consider creating a web application available on a freemium basis.
  • Marketplaces. Web 2.0 is an era of marketplaces — web-based platforms connecting clients to companies/individuals selling products or rendering services. For example, the best-known eLearning marketplaces are Udemy and Coursera.
  • Sharing economy. A nontraditional way of e-commerce business entails shifting to more collaborative sharing resources.
  • Referrals. Attracting new customers through recommendations and word of mouth.
  • Subscription content. Aimed at selling products or services using a recurring payment system.
  • Pay per click. The online advertising model, where an advertiser pays for each clicked link in the ad.
  • Revenue sharing. Splitting earnings between all the participants of a business venture, in order to encourage them to further innovate and build new products.
  • Percentage fees. A marketplace, for example, may charge a small fee for every transaction performed on the platform.
  • Income sharing. Within the income sharing model, revenue is distributed between all the value chain participants.
  • ICO’s. The term ICO stands for initial coin offerings. A company may sell its own coin or currency to raise funds.
  • Continuous funding. Web 3.0 companies also leverage a continuous funding revenue model. Rather than selling tokens all at once, this model presupposes selling them continuously over time.
  • Curved bonding. This model distributes the price of tokens across the value growth of an asset. When the value increases, so do the token price. This model gives people an incentive to invest in advance before the token really gets expensive.

Summing Up

The future of web development lies in the further evolution of Web 3.0. Ultimately, Web3 spells improved security, transparency, faster transactions, decreased data storage costs, and a better user experience.



Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Visartech Inc.

A Digital Partner that optimizes IT infrastructure and develops intelligent software solutions and creates interactive experiences. Reach us www.visartech.com