Metaverse success starts with understanding Web3, here’s how

cointelegraph.com:

Monetizing Web3 projects requires a look beyond technical updates —a new team of experienced advisors helps businesses get off Web3 on the right foot.

From NFT profile images on Twitter to the major rebranding of Facebook to Meta, the pioneers of the corporate world are adopting Web3 at a mind-bending speed —and it’s not a futile effort. Analysts predict an $81.5 billion market for Web3 by 2030, and the business world has no intention to lag behind.

Sports, luxury, music and other industries also want to chip in, but keeping pace with such a fast-growing and tech-heavy trend proves a challenge for the majority. That’s because Web3 doesn’t end at blockchain, NFTs and the metaverse —it only starts with them.

Companies aiming to succeed at Web3 must first understand how such advanced technologies work. They need to embrace key concepts, namely decentralization and shared ownership, that make the third iteration of the World Wide Web so attractive. They need to ensure user security, data protection, and interoperability between different networks in Web3 to avoid making the headlines in an unwanted way.

The lack of in-house talent to facilitate Web3 development is daunting, given there are less than 20,000 active Web3 developers worldwide. It only grows by the day across industries as more and more Web2 outfits look for ways to become players in the metaverse.

Web2 teams need a reliable strategy and a practical roadmap at the executive tier to realize the transition to Web3 as seamlessly as possible. And it needs to be backed up with end-to-end Web3 development and technical expertise at the operational level.

Ranking as a Top 10 Emerging Giants in the Asia Pacific by KPMG and HSBC, Catheon Gaming launched Catheon Labs to help