Web 2.0
The integration of cryptocurrencies and blockchain technology with web 2.0, the “social web,” has brought significant innovations. Decentralized applications (DApps) emerged, running on blockchain networks for various purposes like DeFi, NFT marketplaces, and decentralized social networks. This integration also led to the creation and issuance of digital tokens, representing assets such as cryptocurrencies, collectibles, and ownership rights. Social tokens gained popularity, enabling content creators to interact with their communities and receive support.
Cryptocurrency payment gateways integrated into web 2.0 platforms enhanced accessibility and usability, facilitating transactions with digital currencies. NFT marketplaces rose to prominence, providing unique digital assets that prove ownership and provenance of items like art and music.