Down Nearly 40% in 2022, This FAANG Stock Is Preparing for a Lucrative Future
There are few other companies as prominent and influential in the development of the internet we know today as Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL). The tech giant has its hands on just about every niche of the internet from its search engine, to its cloud services, to its own smartphone.
Despite its success, Alphabet recognizes that a new frontier has the capability to help usher in a new age of the internet known as Web3.
Unlike Web2, which Alphabet's Google has dominated, Web3 refers to the next generation of the internet, which focuses on decentralization, security, and interoperability between different protocols. To accomplish this, blockchains have become the building blocks for developers due to their inherent decentralized and secure nature.
Source Fool.com
