Blockchain

Web3 and online entertainment – how will it change?

The technology industry is buzzing with many new innovations. Metaverse, augmented and virtual reality and Web3 are just a few things that will change our everyday life and of course our perception of digital and technology.

Web3 is a new version of the current internet network, which has been in use for decades. It is a network of shared source file based on blockchain technology that will revolutionize everything. Through it, you can enjoy an increasingly virtual and safer internet, where the sharing of your data is not decided by large companies like Google.

One of the interesting topics of the Web3 network is entertainment and how it will change from what it is today. Netti is a versatile entertainment center in every way, where you can find games, videos, movies and much more entertainment. In the next article, we will discuss the matter from the point of view of entertainment.

The iGaming industry will benefit the most from this

The igaming industry, worth tens of billions of euros, is undoubtedly among the first in the Web3 environment as well. Even today, it covers numerous different sub-branches, and Finns can also find a wide range of offerings. It’s nice to be able to choose from among the BEST Finnish online casinos on the internet just by doing a quick search.

Today, online gambling also includes poker and betting, especially esports betting. However, they are limited to operate with regional licenses and platforms, as gambling is regulated differently in different countries and market areas. However, that hasn’t stopped blockchain technology from creeping in.

Today, players can use numerous cryptocurrencies to gamble, and the number of sites that accept them is constantly growing. In addition, versatile esports websites are the perfect target for utilizing blockchain technology, because those interested in the sport themselves are technically skilled and want to take advantage of the latest innovations. Some blockchain companies have taken it upon themselves to sponsor well-known esports tournaments.

Hollywood also has Web3 in its sights

In addition to gaming, some kind of transfer is also expected from Hollywood film production. It is an entertainment industry followed by billions of people, and the future will have more and more blockchain technology.

The entertainment industry is especially interested in NFT, i.e. non-fungible tokens. It is a completely unique digital object or thing that can be bought or sold online. In this case, the owner has full rights to, for example, the digital image, film or text that he owns and can present it to others openly.

At the same time, NFTs have become digital investment targets, in which people are ready to invest even large amounts of money. In this way, the film and entertainment industry would be able to sell numerous brand products, such as a digital version of Thor’s hammer or Forrest Gump’s chocolate box.

Web3 will be the kingdom of content producers

Before this, content producers were almost at the mercy of YouTube or Instagram. You could copy the videos and pictures they produced as you wanted and could not influence it in any way. At the same time, social media giants have received constant criticism for how the platforms have only been filled with disinformation. Web3 could change this.

People want to stick to their security and enjoy exactly the content they want. In this case, content producers could sell the digital content they produce to their loyal fans through various platforms, which gives them control over their own income. At the same time, it would solve the dangers of all kinds of counterfeiting and copying.