In researching what is the vision for Web 3.0 we have found there is no standard definition. However, there are some key features that are largely agreed upon including decentralization of applications, the use of 3D graphics, artificial intelligence and semantic data. Web 3.0 related ETFs are off to a good start in 2023, aided greatly by strong performance from Big Tech and cryptocurrencies. We remain overweight Global X AI ETF (AIQ) and Grayscale Bitcoin (GBTC).
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