Latin America - A rising leader on Web3?

We take a look at Web3 technology and how Latin America is positioning itself as a key player worldwide

Stephany Hernández

8/13/20241 min read

Can the new generation of the internet, known as Web3 or Web 3.0, help solve Latin America’s social, economic, sustainability and political issues? And if so, who is going to make the right investments and profit from this opportunity?

Although still in early stages of development and implementation, Web3 -basically a decentralized internet built largely on blockchain and other technologies- represents the democratization of the internet. It addresses concerns such as privacy, inequality and centralization of power by giving the control and power to individuals of their own digital presence and assets, as their data is not stored in one data centre owned by a few companies or governments but in all of the users' computers or services.

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