Web3 situation in 2023

The outline of web3 blockchain trends would also draw attention to the increased possibilities for regulatory intervention in 2023. Web3 has emerged as a popular technology concept with a significant transformative impact on different industries. Therefore, governments are more likely to step into the web3 domain for monitoring and regulation web3 impact on society, the environment and economies.Interestingly, the impact of such web3 trends in 2023 would extend to countries other than the United States. Dubai is one of the popular examples of countries opening up to a regulated approach for web3. Many other countries, such as India and China, are also likely to move further in 2023 with significant changes in regulations for web3.