When the number of investments and the associated buzz is considered, Web3 and Web 3.0 is the internet’s future. According to EmerGen Research, the global Web 3.0 market was worth $3.2 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 43.7% to $81.5 billion by 2030. In the words of a 2020 Twitter post, the three iterations of the Web are: Web 1.0 was ‘read-only,’ with almost no user interaction on a static website. Web 2.0 is a ‘read-write’ environment, as evidenced by the rise of social media and user-generated content. Web 3.0 will be read-write-own,’ which will aid in data security.