5 largest tech companies rely on WEB3

The WEB3 concept has become prevalent among many major technology companies.
The metaverse has unlimited potential, which could allow for new types of online interaction.
So companies noticed this great development and switched to WEB3 or made the new Internet part of their business.

We review the 5 largest technology companies working on WEB3 solutions.
It is one of the biggest names in the world of technology with a unique strategy.

The 5 largest technology companies rely on WEB3

Many large enterprises and venture capital firms are continuing with WEB3 to keep pace with the future, and five technology companies have adopted the new technology.

1. Meta (Facebook)

Meta Company owns popular social networking services such as Facebook, WhatsApp, Instagram, and Messenger.
Formerly known as Facebook, its name was changed in October to Meta to reflect its goals of directing the metaverse worldwide.

The company aims to attract billions of users, according to Statista, which specializes in statistics.
At least 2.87 billion individuals used Facebook, Instagram, WhatsApp, or Messenger daily during the second quarter of 2022.
The Meta WEB3 is a distinctive route to the third generation of the Internet and an important channel for directing the metaverse.

Meta wants to provide inexpensive and lightweight headwear in its social construction.
So, after changing the company’s name, it invested in Oculus Quest, a tool that enables consumers to learn more about the metaverse.

2. Shopify

Shopify, a Canadian company responsible for millions of online retailers, will debut its NFT beta in 2021.
It enabled users to mint and sell NFT for collection on multiple blockchains.

The company’s CEO enthuses about WEB3:

There is a future of retail and commerce happening everywhere and in every space online, in the metaverse, or through virtual reality, which may not require an Internet connection in a large store or market.

Shopify CEO via YouTube video.

The company has begun integrating augmented reality selling capabilities into its digital space.
It acquired an augmented reality home design company founded by a team supported by the Primer platform.

The augmented reality selling experience aims to provide a realistic and interactive representation of a product or commodity to reduce conversation costs and maintain minimum returns.

The platform’s NFT program allows users to sell tokens using blockchain technologies such as Ethereum and Polygon.
Unlike other NFT platforms, merchants do not need to accept cryptocurrencies as a means of payment.
This means they can accept debit cards, ShopPay, and bank cards for Shopify payments.

3. X (Twitter)

X platform is currently focusing on web3 while taking many steps as one of the most popular social media platforms.
Such as working on NFT; As profile pictures, it is a way for icon owners to show their status.
Therefore, the X platform is the major technology platform that implements this new concept.

Twitter Blue subscribers just have to select the icon as their profile picture.
Those with verified NFT are displayed as a hexagon on their profile.

For example, this exclusive feature is available for iPhone devices and users in the United States, Australia, Canada, and New Zealand.
Twitter announced that support for the NFT will soon be available to Android users.
So this shows the platform’s desire to move to the WEB3.

4. Spotify

A Swedish music streaming service created in 2006 and the growing number of users has made this network one of the largest streaming platforms in the world.
The platform currently has 422 million active users.
The company has published many job opportunities based on web3, such as positions for managers, engineers, and experts specialized in the development of this new trend.

Artists on the platform began selling their NFT, so the platform entered the WEB3 space.
However, the company did mention building an NFT market, as artists like Snoop Dogg and Grimes have had success with their music sales of NFT.

5. Microsoft

Microsoft is one of the largest tech companies in the world.
It announced its assistance to Astar in building the future of WEB3 through the Astar Incubation program.
This partnership will provide the program with tools and support and will also include a mentoring network and marketing assistance.

Microsoft is competing with technology giants such as Meta for a piece of the blockchain market.
It also backed ConsenSys by participating in a $450 million investment round that doubled the startup’s market value to $7 billion.

ConsenSys is the influential force behind the popular MetaMask wallet, the most popular wallet on the blockchain.
The company also began cooperating with Microsoft in 2021 to guide customers after stopping the Azure service, which specializes in providing blockchain services.

Microsoft also expressed its interest in Polkadot smart technology; It is a smart contract that competes with Ethereum via the Astar Network.

Can WEB3 companies see a new future?

The third-generation Internet (WEB3) is a rich concept that combines technologies such as machines, the Internet of Things, learning, and data analytics.
The main factor is providing it to the user in a direct, easy, and effective way.
Technology will change how we interact with the digital environment, which means the effects will be strong on people and organizations.

We note that the transition from the second generation to the third generation will not happen quickly.
So big tech companies have time to evaluate their operations.

To get the latest information about WEB3, join us on BitcoSAT Telegram to get the latest developments.

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