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- Opera Ltd to enter the Web3.0 sector with a mutual alliance with Coin98.
- Coin98 approximately has an active user base of 2 million users.
Opera Ltd is a developer of the Opera Internet browser and is listed among the best and most used browsers in the U.S.. The organization is based in Norway and is preparing itself according to the Web 3.0 decentralized future.
Opera Ltd has an active user base of 350 million, and the company plans to test its first idea in Southeast Asia. As per the official website of Opera Ltd, the centrally headed Internet browsing company is planning to introduce features related to Web3 World.
Web3 is defined as a variety of things depending on whom you ask. Although the underlying premise is individual users or stakeholders will back more control and value from the centralized technology giants that currently rule the Internet.
The opera approach seeks to provide a browser that incorporates an array of Web3 services. It has a decentralized exchange (Dex) of peer-to-peer trading of cryptocurrencies and decentralized applications or dApps. Web3 services offer gaming, social media and financial services with the use of Blockchain services. All these are regulated with the help of a non-custodial wallet or a wallet that an individual user can hold their access keys, not a centralized company.
Susie Batt – Head Authority of Crypto Ecosystem at Opera – stated while talking to media, “The Web3 ecosystem is still nascent but its potential for growth is truly massive,”
Opera Ltd is preparing to partner with Coin98 for its Web3 plan decentralized finance(DeFi) based in Vietnam with an active user base of approximately 2 million users.
According to the reports, Chain analysis of the Global Defi adoption index published in October 2021, the reports mentioned that Vietnam and Thailand ranked second and third in global Defi adoption, and the US ranked first on the list. So, it is believed that opting for Southeast Asia will benefit Opera’s limited ability to expand in the Web3 sector.
A hike in the percentage is seen in the shifting of technology giants towards Web3 Space. This is a good indicator of the development of the space, and it has been seen in the last few months the adoption of Web3 is on a massive scale. It is believed that Web3.0 can defeat its version 2.0 sometime.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
