Summer News in Web3 

Web3 is changing the internet and the world as we know it. Although it is still early, this new version of the world wide web is progressing rapidly in the digital and technological space. At this rate, it won’t be long before Web3 completely decentralizes the internet and replaces Web 2.0 once and for all.

If you don’t wish to be behind the times, staying informed about the latest advancements in the Web3 landscape is essential. With numerous exciting Web3 developments unfolding worldwide, we have curated the top 3 latest advancements for the summer of 2023.

Dapps are on the rise this year

Dapps, short for Decentralized Applications, are spreading like wildfire in the Web3 ecosystem. More than 100 Dappshave already been released this year, and we’re only mid-way into 2023.

So, what exactly are Dapps?

Simply put, these are applications built on blockchain technology. That means they are not hosted on a centralized server but over a peer-to-peer network of decentralized servers.

We’re seeing a lot of Smart Contract Wallet apps like Obvious and Plena Finance, which makes sense, given that decentralized finance, or DeFi, is one of the most promising prospects of Web3. These wallets are typically non-custodial, meaning the user has full control over their private keys and funds, and there is no need to rely on a third party to manage the wallet.

DexCheck is also making headlines as it’s set to launch on multiple IDO launchpads this year. It’s an AI-enhanced blockchain analytics tool that provides insights into crypto and NFT trades. Dapps like these quickly enter the market and offer multiple diverse functionalities in the Web3 ecosystem.

BaaS solutions are simplifying blockchain technology

While blockchain has massive benefits and the potential to revolutionize the future, it also has one serious limitation. The technology is too complicated for most people to wrap their heads around.

Sure, most of the world is now familiar with blockchain, and many people get the basic concept of how it works. But when it comes to implementation, building apps and tools over the blockchain infrastructure is incredibly difficult and complex. However, all that is set to change, thanks to Blockchain-as-a-Service (BaaS).

BaaS solutions allow individuals, businesses, and developers to utilize blockchain technology without setting up their own blockchain infrastructure. BaaS providers offer pre-built blockchain platforms and APIs that enable users to quickly and easily integrate blockchain capabilities into their applications, projects, or business processes.

Alchemy, for example, is a high-quality BaaS platform where users can build Web3 applications using a wide range of built-in development tools. As BaaS solutions continue to grow and expand, it will enable more people to build intuitive decentralized Web3 apps without having to climb the steep learning of blockchain technology.

Crypto domains are getting popular

Perhaps the biggest Web3 advancement in recent times is the growing popularity of crypto domains. Unlike traditional domains, crypto domains are not controlled by any centralized authority as they are built on blockchain. Ownership of these domains is tied to a specific blockchain address, such as crypto wallet address or smart contracts.

Crypto domains are still not widespread, but they are slowly gaining traction. Currently, Freename is one of the best platforms where users can mint, purchase, and own crypto domains. With a crypto domain, one can create decentralized websites, chat with Web3 emails, and even make cryptocurrency payments conveniently.

And what’s more interesting is that given how Web3 is the future of the internet, crypto domains will get even more popular, in demand, and widespread soon. That means owning a crypto domain today might be a huge investment when its value grows multiple-folds a few years later.


This summer has witnessed remarkable advancements in the Web3 landscape, bringing forth the rise of DApps, Blockchain-as-a-Service (BaaS), and the emergence of Crypto Domains. These developments signify the continuous evolution of blockchain technology, paving the way toward a decentralized and interconnected future.

By staying informed and embracing these transformative technologies, we can actively leverage the opportunities they offer, embrace new user experiences, and witness the decentralization of the world wide web.