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"Web3" refers to "a blockchain-based decentralized online ecosystem." In 2021, the idea of Web3 starts to catch on. The end of 2021 saw a surge in particular interest, mainly due to interest from cryptocurrency enthusiasts and investments from prominent technologists and companies.
- The core notable feature of Web3 is the decentralization of business models. In this sense, it marks the third phase of the Internet (hence the name "Web3") and a reversal of the current status quo for users.
- Web3 is the next iteration that may upend this power structure, shifting it back to the user. Open standards and protocols can return. The aim is that control is no longer centralized in large platforms and aggregators, but widely distributed through a “permissionless” decentralized blockchain and smart contracts.
- What does this mean in practice? Essentially, it could mark a paradigm shift in the business model of digital applications by making disintermediation a central element. There may be no need for intermediaries when it comes to data, functionality, and value. Users and creators can have the upper hand, and with open source rather than proprietary applications, there will be an incentive to innovate, test, build, and expand.
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BIYA GLOBAL LLC
BIYA GLOBAL LLC is a licensed entity registered with the U.S. Securities and Exchange Commission (SEC No.: 802-127417); a certified member of the Financial Industry Regulatory Authority (FINRA) (Central Registration Depository CRD No.: 325027); regulated by the Financial Industry Regulatory Authority (FINRA) and the U.S. Securities and Exchange Commission (SEC).
BIYA GLOBAL LLC is a licensed entity registered with the U.S. Securities and Exchange Commission (SEC No.: 802-127417); a certified member of the Financial Industry Regulatory Authority (FINRA) (Central Registration Depository CRD No.: 325027); regulated by the Financial Industry Regulatory Authority (FINRA) and the U.S. Securities and Exchange Commission (SEC).
BIYA GLOBAL LLC
BIYA GLOBAL LLC is registered with the Financial Crimes Enforcement Network (FinCEN), an agency under the U.S. Department of the Treasury, as a Money Services Business (MSB), with registration number 31000218637349, and regulated by the Financial Crimes Enforcement Network (FinCEN).
BIYA GLOBAL LLC is registered with the Financial Crimes Enforcement Network (FinCEN), an agency under the U.S. Department of the Treasury, as a Money Services Business (MSB), with registration number 31000218637349, and regulated by the Financial Crimes Enforcement Network (FinCEN).
BIYA GLOBAL LIMITED
BIYA GLOBAL LIMITED is a registered Financial Service Provider (FSP) in New Zealand, with registration number FSP1007221, and is also a registered member of the Financial Services Complaints Limited (FSCL), an independent dispute resolution scheme in New Zealand.
BIYA GLOBAL LIMITED is a registered Financial Service Provider (FSP) in New Zealand, with registration number FSP1007221, and is also a registered member of the Financial Services Complaints Limited (FSCL), an independent dispute resolution scheme in New Zealand.
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