The blockchain provides the decentralization layer supporting Web 3.0 networks, which can be considered a globally available, unstoppable service in and of itself. The execution environment, such as Ethereum’s Virtual Machine (EVM), is the crucial abstraction for Web 3.0 and provides the layer to execute logic expressed in smart contracts. Because the layers beneath it give the platform and availability assurances that are not achievable with centralised platforms, this is the critical layer for innovation that will lead to widespread acceptance of the technology.
Tokenization for begetters and communities
It won’t be long before everyone acquires the concept and work around it.