Last week Onyx by JP Morgan released a report detailing how it plans on leveraging Web3 for online shopping. According to the report, the idea is to create a more secure, transparent, trustworthy shopping experience for customers. The social-commerce market, valued at more than $1 trillion, is expected to grow by 600% by 2030. This is indeed a rapid expansion, thanks to the convenience of social media.
The report shows that as of this year, more than five billion people are actively participating on social media platforms, presenting an…
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