As the market begins its bull market, the new Web, Web3, continues to expand, taking up new elements as it rolls down the hill towards full functioning. As market participants would imagine, this process entails infinite conjecture about how the final product would look, among other fascinating topics.
Crypto market specialists have weighed in on the Web3 market trend, and the verdict is in. Early indications indicate that it will incorporate parts of AI, metaverse, and blockchain technology, all of which are unique concepts in their early phases of development.
Despite the uncertainties around these underlying discoveries, institutional and private investors who are betting on discovering the perfect project remain enthusiastic.
Web3 devs set in a new era of code
What will the new era look like? Forward’s templated approach is worth serious consideration for several reasons, the most important of which is its potential for a sustainable business model and profitability.
Forward has been dubbed the “WordPress of Web3” because it is developing a no-code blockchain adoption toolkit similar to WordPress’s user-friendly environment. However, it retains key features that cater to the surge of users projected to enter the Web3 market as it develops.
What entails the “WordPress of Web3,” one may ask? WordPress gained traction when it became the go-to solution for private bloggers to host their websites on the internet, and it hasn’t looked back since. Despite its limits as a website design environment, it has expanded to become a market worth three-quarters of a trillion dollars.
In Forward’s instance, it removes the technological, financial, and knowledge hurdles that have previously limited Web3 participation and innovation. Forward’s approach attempts to alter this by making blockchain technology as simple to use as WordPress-made Web2.
While WordPress employs its well-known plugins, Forward prefers a paradigm developed for Web3 with dApp templates (front end, admin panel, and smart contracts), making both systems the ultimate enablers of ‘plug-and-play’ capability.
The future of Web3 with WordPress in play
The WordPress ecosystem generated $636 billion in 2021, up from $596.7 billion in 2020. At this time, it controls approximately 65.1% of CMS market shares and operates approximately 43.4% of all active websites.
As the Web3 space expands, CMS equivalents are required to fill a gaping void, and Forward is already well-positioned to claim prominent real estate in that regard. In addition to facilitating the transition of global enterprises to web3, it provides a variety of blockchain infrastructure (blockchain and subnet deployments) as a platform that is not limited to supporting dApps.
The market is in for easy tasking as it grows. How’s this done? Expanding on the templated solutions model popularised by WordPress, Forward presents an exceptional opportunity to establish market dominance with its decentralized application (dApp) templates that enable users to deploy blockchain applications without the need for technical expertise or coding knowledge.
As it stands, the model is tried and tested. Multiple international organizations and news organizations use WordPress, such as The White House, Vogue, The Walt Disney Company, BBC America, Facebook Newsroom, TIME Magazine, Zoom, Tech Crunch, Sony Music, Spotify Newsroom, and Samsung News.
While Forward’s model bears significant resemblances to the templated solutions offered by WordPress, it is tailored for the evolving Web3 space for various rationales. Although the similarities support a positive viewpoint, the differences provide a more explicit assessment of Forward’s potential in the progression of the “new web.”
In light of ongoing developments and heightened speculation, forward-thinking innovations that offer a distinctive solution grounded in established systems and tailored adaptations merit significant deliberation.
