According to a recent market study published by Growth Market Reports, titled, “Global Web 3.0 Blockchain Market by Network Architecture, by Application, by End-use Vertical, by Region: Size, Share, Trends and Opportunity Analysis, 2016-2031”, the market was valued at US$ 2,218.7 Million in 2022 and is expected to grow at a moderate growth rate of 41.2% by the year 2031.

As per Growth Market Reports industry analyst Avanti Thakre, “Global Web 3.0 Blockchain Market” is anticipated to witness significant growth during the forecast period 2023-2031.

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Web 3.0 blockchain operates on principles of decentralization, interoperability, and consensus mechanisms. Decentralization means that no central authority governs the entire network, empowering users with control over their data and digital interactions. Interoperability allows different blockchain networks and applications to communicate and share data seamlessly, fostering a cohesive digital ecosystem.

Consensus mechanisms, such as Proof of Work (PoW) or Proof of Stake (PoS), ensure agreement among network participants about the validity of transactions, maintaining the integrity of the blockchain. 
In web 3.0 blockchain, digital assets and identities are tokenized, meaning they are represented as cryptographic tokens on the blockchain.

These tokens represent various assets, such as currencies (cryptocurrencies like Bitcoin and Ethereum), digital art, intellectual property, or even real-world assets like real estate. This tokenization enables fractional ownership, micropayments, and the creation of new economic models, revolutionizing industries like finance, art, gaming, and supply chain management.

The web 3.0 blockchain market value chain is a complex network involving various stakeholders and processes, each adding unique value to the ecosystem. It starts with blockchain developers and technologists who design and create the underlying decentralized technologies. These innovations enable the development of diverse applications, including decentralized finance (DeFi), non-fungible tokens (NFTs), and smart contracts.

Next, businesses leverage these technologies to create user-friendly platforms and applications. These platforms serve as the bridge between developers and end-users, offering services like cryptocurrency exchanges, NFT marketplaces, and decentralized applications (dApps). Simultaneously, miners and validators maintain the blockchain network’s integrity by verifying and validating transactions, ensuring the security of the entire system.

Lastly, end-users utilize these blockchain-based services for various purposes, such as financial transactions, digital asset ownership, and supply chain management. This interconnected value chain highlights the collaborative efforts of developers, businesses, investors, and users, shaping the vibrant and evolving Web 3.0 Blockchain market.

The primary, as well as secondary research methodology, is used for keen observation and study of the Web 3.0 Blockchain Market. The primary research methodology involves commercial agreements made with the primary respondents as well as consulting partners to extract critical information pertaining to the syndicated as well as consulting projects.

Primary interviews were conducted with the stakeholders across industry verticals at regular intervals in line with the ongoing studies and to keep ourselves abreast with the latest market trends & developments. Validation of the estimated market size, and current and future trends done from the key opinion leaders (KOLs). These KOLs are the CXO level people from leading companies in the industry and possess the experience of around 10-20 years in the industry.

On the other hand, the secondary research methodology involves exhaustive desk research undertaken to understand the prevailing market trends & dynamics, market competition, customer insights and other KPIs. Company websites, their SEC filings, annual reports, broker & financial reports and investor presentations are scanned for understanding the competitive scenario, details and developments, and the overall competitive landscape.

Regional government and statistical databases were analyzed for macro & microanalysis. Research publications and paid data are referred to obtain and validate the market estimations, budget, expenditure, and other statistical insights.

The COVID-19 pandemic has significantly influenced the Web 3.0 Blockchain market, accelerating its growth and adoption. The crisis highlighted the need for secure, efficient, and decentralized systems, leading to increased interest in blockchain technology. The demand for contactless transactions and digital solutions surged, prompting businesses and governments to explore blockchain-based applications for supply chain management, healthcare data management, and secure online transactions.

Decentralized finance (DeFi) platforms experienced a substantial boost as people sought alternative financial services during economic uncertainties. Additionally, the pandemic emphasized the importance of data privacy and ownership, driving the development of blockchain-based solutions for secure sharing of health information. Moreover, the crisis expedited the development of blockchain-powered supply chain tracking systems, ensuring the authenticity and safety of essential goods.

Key Takeaways from the Study:

  • In terms of network architecture, Web 3.0 Blockchain Market is segmented into Public, Private, Hybrid, and Consortium. Public network architecture is expected to dominate the market in 2022. This innovative concept envisions public spaces and communities transformed into decentralized platforms powered by blockchain technology.

    Public spaces such as parks, libraries, and urban centers become hubs for digital interactions, allowing individuals to engage in decentralized applications, social networks, and economic activities seamlessly. For instance, a city park could serve as a platform for virtual art exhibitions, community-driven crowdfunding campaigns, or decentralized governance initiatives.

  • On the basis of application, the Web 3.0 Blockchain Market is segmented into cryptocurrency, conversational ai, data & transaction storage, smart contracts, supply chain management, digital identity, and others. The cryptocurrency segment is expected to hold a substantial share of the market during the forecast due to the evolution of cryptocurrencies beyond just digital currencies to becoming robust applications in their own.

    Cryptocurrencies are transitioning into comprehensive ecosystems within the Web 3.0 framework, offering decentralized applications, smart contracts, and innovative financial services. For example, projects like Ethereum are pioneering the concept of Decentralized Finance (DeFi), enabling peer-to-peer lending, yield farming, and decentralized exchanges.

  • Based on end-use vertical, the Web 3.0 Blockchain Market is segmented into BFSI, manufacturing, retail & E-commerce, media & entertainment, healthcare, and others. The BFSI segment is expected to dominate the market in 2022 rise of decentralized autonomous financial organizations (DAFOs), which leverage blockchain to create self-governing financial entities. These DAFOs operate without traditional intermediaries, providing users with greater control over their assets and financial decisions.

Web 3.0 Blockchain Market Report Scope:

Report Metric


Market Value in 2022

US$ 2,218.7 Million

Market Growth Rate (from 2015 to 2030)


Historical Data


Base Year


Forecast Period

2023 – 2031

Units Considered

Value (US$ Million)

Market Segments

By Network Architecture, By Application, By End-Use Vertical

Key Companies Profiled

Consensys, Cardano, Ava Labs, Helium Systems, Inc., Alchemy Insights, Inc, Terra, Paxos Trust Company, LLC, Chainlink Foundation, Tezos, Kadena LLC, Stellar Development Foundation, and Polygon Labs UI (Cayman) Ltd.

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail of tailor-made purchase options to meet your research requirements.


Target Audience:

  • Demand Side: Government Agencies, Consulting Firms, Private Research and Development Firms, Equity Firms, and Investment Firms.