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Analysts forecast a market size of $81.5 billion for Web3 by 2030, but the growth comes with obstacles along the way.
By 2030, Web3 is expected to reach a market size of $81.5 billion, according to Emergen Research, but the industry still has challenges to overcome, including security and interoperability, said players interviewed by Cointelegraph.
Interoperability, in short, provides communication between blockchains, aiming to offer a similar experience to users as Web2, hiding infrastructure complexity away and ensuring they don’t have to know what solution is powering the mobile app they use, explained Derek Yoo, CEO of PureStake, a development team for the layer-1 blockchain Moonbeam.
However, interoperability also brings more moving parts to any system, and security is one of the greatest
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