About a year ago, Web 3 was the next big thing! It managed to raise massive funding and promised to change lives as we know it.
But it bombed. Big time!
Crypto currencies got a very negative tag and after some scams and frauds, investors started to back away. Big names that had exploded into the metaverse and Web 3 started to step back.
And then came AI – this was now the new kid on the block and now has everyone ooh-ing and aah-ing over it as if it were a child prodigy!
Against this backdrop, ZA Bank makes this announcement.
Will the crypto-trading pave the way for other immersive and interactive experiences in metaverse and Web 3?
Is Web 3 able to compete with the smarter, brighter and the oh-so-glorious Artificial Intelligence that the (fickle) world is so besotted by?
It is true that there are some big brands that still dabble in the metaverse – Absolut Vodka at Coachella, being one. On the other hand the mammoth Disney exited the metaverse and even dismantled the high-flying team that it had put together to run this, just a few months earlier.
While this initiative by Hong Kong and ZA Bank may sound like Web 3 is still alive and well, is it too little, too late? A desperate “hail Mary” that in all likelihood will amount to nothing? Or is it the re-awakening of the phenomenon that it once promised to be?
Maybe that’s a question for ChatGPT to answer!