Web3 Search Engines Incoming: What is the future of crypto?

Sridhar Ramaswamy, a former Google executive who ran the company’s advertising business for five years, is teaming up with top venture capitalists in Silicon Valley to launch a new startup called nxyz, according to reports. .

Ramaswamy’s rolodex of top notch Silicon Valley connections got the following:

  • $40 million in funding for startup nxyz, which was conceived in early 2022.

  • Nxyz is a search engine without intrusive ads or online tracking tools.

  • It contradicts the standard of search engines by using Web 3.0 technology.

Apparently, the main mission of the new company is to restore privacy and control to Internet users by allowing them to remain anonymous while searching. Nxyz will also aim to be more transparent with its algorithm than Google, which has come under fire for manipulating search results.

The Web3 trend is spreading, with reports showing crypto startups raising a total of $30.3 billion in the first half of 2022 alone.

With heavyweights from traditional business and the crypto industry backing new Web3-centric startups such as nxyz, the future of the blockchain and crypto space looks bright.

As he was about to launch nxyz as a search engine for blockchains with a focus on data privacy and user ownership, an expert from safetradebirnaryoptions.com commented:

“Obviously, traditional search engines have not been able to address concerns about data privacy and ownership. This gave plenty of room for new startups like nxyz to come and fill the void. The Internet is at a crossroads. One path will be toward centralized services that prioritize profit. The other path will build a new decentralized web that puts people first.

I hope this analysis will offer valuable insight into the new startup and its implications for the future of the internet and, by extension, the crypto industry.

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Rosemary S. Bishop