The Future of Music and Web3
Mixtape is a web3 application since it uses creator economy and blockchain….
Web3 is about to explode in popularity among smartphone users as reported by the most recent reports. The news has not yet been made public, however. This was said by a close friend of Huawei to the Chinese media Huxiu.
HarmonyOS is rumored to be one of at least three Huawei divisions devoted to Web3 research and experimentation. Huawei, one of the biggest phone makers, is looking into Web3. Samsung, a big tech company, and HTC worked on it before Huawei.
They combined Web3 with their own smartphone hardware and did it well. A booming tech startup also grew at a similar rate at one point.
This is an important example to highlight as it shows that well-known smartphone manufacturers are not the only ones interested in investigating the potential of Web3 on smartphones. In June this year, two big names in blockchain, Solana and Polygon, started looking into Web3 smartphones.
A person who works in the industry said, “At present, most Web3 products are displayed on computer web pages. If Web3 companies want to seek new sources of growth, smartphones have become an essential area for them.
Web3 are Internet companies. Unlike traditional Internet companies, they have a distinct advantage. They have the power to constantly try to be decentralized and eventually take control of the data and finances of corporations like the Federal Reserve, Apple and Tencent and return it to the people.
Millions of people use Web3 companies in crypto, DeFi and NFT. STEPN, Metamask, and Binance each have 3 million users. Web3 businesses have fewer users than traditional Internet businesses. Web3 products are growing as fast as other internet companies. A popular product can have millions of users in a few months.
Apple, a $3 trillion smartphone maker, competes in hardware, operating system and apps. So they should study Web3 with more than one million decentralized applications in advance.
The Web3 ecosystem also offers smartphone manufacturers additional opportunities. Insiders and outsiders are slowly opening up the field of Web3 smartphones. Look what happens.