Web3 and Luxury: Exploring the Impact of Decentralization on the Luxury Industry
Web3, commonly known as the decentralized web, is a term used to describe the next generation of the internet that is built on blockchain and other decentralized technologies. Unlike Web2, which is centralized and relies on intermediaries, Web3 aims to give users more control over their data and interactions. This shift towards decentralization has profound implications for industries like luxury, where exclusivity, authenticity, and transparency are highly valued.