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Industry Landscape
The Web3 data infrastructure industry is rapidly expanding, driven by increasing demand for real-time, decoded blockchain data across DeFi, NFTs, and gaming. It focuses on abstracting blockchain complexities, enabling AI integration, and supporting enterprise-grade applications, addressing challenges of data silos, latency, and scalability.
Total Assets Under Management (AUM)
Blockchain Technology Market Size in United States
~30.77 billion USD (2023)
(87.7% CAGR)
- Driven by increasing enterprise adoption
- Growth in DLT and smart contracts
- Rising demand for secure and transparent data
Total Addressable Market
Over 200 billion
Market Growth Stage
Pace of Market Growth
Emerging Technologies
Decentralized AI
Decentralized AI, leveraging blockchain for data integrity and model transparency, will enable more robust and verifiable AI applications directly on Web3 data infrastructure.
Zero-Knowledge Proofs (ZKPs) for Data Privacy
ZKPs will allow Web3 data infrastructure to verify data validity and computations without revealing underlying sensitive information, significantly enhancing data privacy and compliance.
Interoperable Blockchain Data Standards
Standardized data formats and protocols across different blockchains will greatly simplify cross-chain data access and integration, fostering a more unified Web3 data ecosystem.
Impactful Policy Frameworks
Lummis-Gillibrand Responsible Financial Innovation Act (RFIA) 2023-2024 (Proposed)
The RFIA is a comprehensive bipartisan bill aiming to establish a regulatory framework for digital assets, defining various asset classes and outlining regulatory authority for the CFTC and SEC.
This proposed legislation could bring much-needed clarity to the classification of digital assets, directly influencing how Web3 data infrastructure providers categorize and report on token data, and potentially expanding the scope of regulated entities.
Biden's Executive Order on Ensuring Responsible Development of Digital Assets (2022)
This executive order calls for a whole-of-government approach to address the risks and harness the potential benefits of digital assets, directing agencies to study and develop policy recommendations across various aspects, including consumer protection, financial stability, national security, and responsible innovation.
The EO signals an increased focus on regulatory oversight and could lead to new rules impacting data collection, privacy, and security practices for Web3 data companies, requiring enhanced compliance measures and data integrity standards.
SEC's Increased Enforcement Actions on Unregistered Securities (Ongoing)
The U.S. Securities and Exchange Commission (SEC) has continued to pursue enforcement actions against various crypto companies for allegedly offering unregistered securities, emphasizing their view on the classification of many digital assets.
These enforcement actions create significant legal uncertainty for Web3 projects and data providers, potentially influencing data access policies, the types of assets indexed, and the disclosure requirements for blockchain data services that touch upon potentially unregistered securities.
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