Web3 and the metaverse are the latest trends in the tech industry market. Many believe web3 will create more freedom, increase transparency, and provide unique experiences. Changpeng Zhao, Binance CEO, thinks the same.
India Is a Huge Market and the Leader in the Industry
What’s more, CZ notes that India represents a huge market and is an industry leader when it comes to the technology industry. This also makes India a natural frontrunner for web3 startups. He added that India would be crucial for evolving the cryptocurrency narrative.
When it comes to web3 development, CZ thinks that tokenomics are more fluid and accessible to users, which will help web3 become more empowering and user-owned.
Zhao also noted that blockchain technology would be at the core of the future internet and people’s lives. CZ took this opportunity to inform users that Binance is not just a crypto exchange. Instead, the platform became the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider.
This means that Binance is ready for what’s to come in the DeFi, web3, and NFT niches. Furthermore, Binance grew by 500% during last year, expanding its international compliance team and advisory board.