Role of web3 in eCommerce

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Web3 is transforming eCommerce by decentralizing power, offering new forms of digital ownership, and creating more efficient, user-controlled transactions. These innovations not only have the potential to improve the customer experience but also redefine the roles of brands, consumers, and intermediaries in the digital economy.

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Web3, the decentralized iteration of the internet, is reshaping the landscape of eCommerce by introducing new technologies that prioritize user ownership, privacy, and transparency. Unlike traditional eCommerce, which is centralized and reliant on intermediaries, Web3 ecommerce leverages blockchain, smart contracts, decentralized finance (DeFi), and non-fungible tokens (NFTs) to create more direct, secure, and user-centric transactions.

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