10 Big Teach Companies and How They Are Adopting Web3
What started as a read-only medium of gathering information in the 80s, the World Wide Web(WWW) has evolved into a humongous new avatar, Web 3. Today, we are.
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Key takeaways
- What started as a read-only medium of gathering information in the 80s, the World Wide Web(WWW) has evolved into a humongous new avatar, Web 3.
- Google Google is a frontrunner in making affordable VR goggles accessible to the masses with its Google cardboard.
- The development of 5G in developing countries will certainly boost its adoption.
What started as a read-only medium of gathering information in the 80s, the World Wide Web(WWW) has evolved into a humongous new avatar, Web 3. Today, we are at a transition phase wherein web 2 and web 3 are contemporary to each other – with web 2 slowly phasing out and web 3 taking center stage. From IoT to blockchain, web 3 has started to take place in our lives, and the influence is going to increase in the years to come. We already see people getting attracted to the likes of Decentralized Finance and the world of Metaverse gradually. Innovation in the field of IoT by Samsung, Apple, etc., is also gaining popularity. Looking at the opportunity, even Facebook rebranded itself as Meta! Let’s learn about the top ten big teach companies and how they are adopting Web 3 technology.
Meta
Ever since Facebook rebranded itself, Meta has created a lot of buzz around VR, AR, Metaverse, and what the future might look like. Although its experiment with cryptocurrency didn’t work, the development of Metaverse with the oculus ecosystem is well known. According to the USPTO, US Patent and Trademark Office, the company has filed eight new trademark applications regarding various web3-related projects, including cryptocurrencies and the Metaverse. It is actively working to integrate social media, Decentralized Finance, and Virtual Reality. Head of Instagram, Adam Mosseri, has also announced its plans to bring in NFTs on Instagram and Facebook.
Although it seems like Twitter is divided on its approach to adapting web 3, with Melon Musk and Jack Dorsey both openly criticizing it, the platform has identified the growing buzz among its users about cryptocurrency and NFTs. Twitter Blue users can even add an NFT as their profile picture. This adoption might hint at which direction the company might be moving.
Oracle
Leading cloud computing platform Oracle has come up with a blockchain service. A description of Oracle blockchain on their website reads, “Blockchain provides a collaborative framework for sharing reliable data. Oracle offers easy ways to adopt blockchain technology, including a cloud service, an on-premises edition, and a SaaS application for the supply chain.” Oracle has plans to diversify its blockchain platform through smart contracts, distributed ledger technology, and so on. It also provides tutorials for enterprises to adopt tokenization and the latest blockchain technologies in cloud computing.
Samsung
Samsung’s support for lapps and blockchain-based games is well known. A leading player in the IoT segment, it is also well known for delving into the Metaverse with the successful launches of Samsung 837X, their immersive Metaverse experience in Decentraland, and Samsung Superstar Galaxy on Roblox. Recently, it also launched the Samsung US in Discord, which is a leading platform for web 3 itself. The Samsung US Discord server is specially designed as a fun, interactive way for fans, gamers, and creators to interact and get exclusive access to products, events, non-fungible tokens (NFTs), and other Web3-based wonders. “Virtual communication platforms, like Discord, enable us to cultivate a community where both current Samsung enthusiasts and brand new fans can unite. As these enthusiasts anticipate an NFT drop, exclusive product giveaway, or virtual event, we get to explore this new frontier alongside them, allowing us to experiment, learn and ultimately, shape our Metaverse future – it’s tremendously exciting,” said Michelle Crossan-Mates, CMO, Samsung Electronics America.
Google is a frontrunner in making affordable VR goggles accessible to the masses with its Google cardboard. We can also see the increased application of VR and AR technologies in the latest Android smartphones. However, web 3 is not only about VR, AR, and Metaverse; it also promotes a decentralized way of doing things that don’t go well with the business models of some of the teach giants, including Google. We have seen it somehow side-lining itself from the Web 3 technology. Although Sunday Pichai has shown interest in checking out methods for blockchain technology to include higher assistance to popular services such as Google Maps and YouTube, and in discovering methods to “support customer needs” through blockchain-powered platforms, we are yet to see Google delve deep into Web 3.
Tesla
Teslas Web 3 plans are greatly publicized. It is one of the forerunners in IoT integration in cars. Moreover, by developing AI systems for driver assistance and innovation in self-driving cars, Tesla shows its interest in the wave. It is also one of the first car companies to accept payment in cryptocurrencies. Moreover, it is supposed to deploy blockchain technology to provide a platform that aims to create a “open, transparent, and global registry” to track cobalt from mine to battery, assuring that the volume of any traceable material is accounted for in the production of EV batteries.
Nvidia
Nvidia is among the leaders in developing the infrastructure that powers web 3. Recently, it has partnered with Flux to bring Web 3 to “the next level”. Flux is an ecosystem and suite of decentralized computing services and environment agnostic development systems for building decentralized applications according to developer preferences. Nvidia produces powerful computing chips needed for integration with web 3.
Microsoft
Microsoft has recently partnered with Star Network, which is a Polkadot Smart Contract Hub for WASM and EVM. has announced that it will assist Star Network in building and implementing the Web3 future through the Star Incubation Program. It is supposed to assist businesses in adopting Web 3 technologies. Microsoft is also the newest investor in Ethereum co-founder ConsenSys. Recently, its acquisition of Activision Blizzard also created a lot of buzz around its dive into Metaverse.
Amazon
Much like Oracle, Amazon too is delving into Web 3 with its web services venture. In March 2021, Amazon Web Services announced the availability of Ethereum on Amazon Managed blockchain — a fully-managed service that allows users “to join public networks or set up and manage scalable private networks using popular open-source frameworks.”
Sony
It is somewhat apparent that the creator of the PlayStation gaming ecosystem will delve into Web 3 technology, with Metaverse becoming more popular day by day. Last year, Sony filed many patents that would allow it to accept cryptocurrencies for e-sports betting in-game. Sony has plans to integrate the technology not only in PlayStation but also in consoles made by other brands, especially in VR headsets. Consequently, it also has plans to develop infrastructure for NFTs.
More and more companies are investing in Web3 ventures. According to Crunchbase numbers, last year saw about $17.9 billion invested in 1,312 deals in blockchain-related startups. That number dwarfed the $2.1 billion in 790 deals in 2020 and even the former high of $4.4 billion in 1,223 deals witnessed back in 2018.
Change is constant, and Web 3 is the latest wave of change in how the Web works. Although what we expect from and imagine of Web 3 is far from materializing, a major concern remains in making it accessible to the common people. The development of 5G in developing countries will certainly boost its adoption.
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