According to Google’s search results and trends, people are now more interested in Web3 than Bitcoin. The most searched topic for the cryptocurrency is “Bitcoin dead” due to the continuous decline of the price and stagnation of its value since its all-time high last year from $69,000 to $18,800 as of October.
However, Web3 shows signs of life as more internet viewers want to know its purpose and what it means for the future. People show interest in the technology, with Mark Zuckerberg making a stew, metaverse games showing up on the Apple App Store and Google Play, and non-fungible tokens on social media platforms.
Contrasting to its significant relevance from last year, Bitcoin is now at its lowest level and, as experts say, in a state of the worst bear market in crypto history. According to Google Trends results, most searches come from El Salvador, the Netherlands, and Nigeria. Meanwhile, based on the Cointelegraph report, China leads the charge in “Web3” results (although it conflicts with how the data came to be due to the country’s different search engine, Weibo).
Volumes Speak Reactions
When the investors and traders were bullish in 2021, the most searched topic was “Bitcoin price prediction 2022”, hoping that the price would continue to rise after the jump from $29,000 in June of that year. However, all the optimistic experts and influencers were wrong; the price did not jump to a six-digit zone, but rather a constant downward spiral since its all-time high.
Jumping to the current month as of the press release, most Google searches on Bitcoin are if the cryptocurrency is dead. Ironically, this also meant that Web3 prevailed in making its presence known to more people after all the whispers and rumors about a “new” internet.
After El Salvador officially made BTC a legal tender, most of its citizens were still curious about its use case and its situation in the local economy, which is why Google picked the country with the most results on Bitcoin.
Meanwhile, out of nowhere, Nigeria placed third regarding the search volume on Bitcoin and Web3. The country also does not shy away from cryptocurrency since the government is in talks with the exchange platform Binance to establish a local crypto-friendly environment.
As of October 11, Google search results for Ethereum wallet addresses now include more details, such as recent activity and the platform of the last transaction. According to a recent discovery from a Cointelegraph investigation, the new feature suffers from limited functionality in retrieving wallet details in large quantities. Google still needs to address information regarding the newly added data.
Web3 on a Neutral Topic
Web3 is caught between optimistic searches and skeptical results as people are curious about what it is supposed to be. After the continuous malicious attacks on crypto wallets, play-to-earn games, NFT scams, and bridge protocols, the general audience still needs to determine if there are any differences between Web3, metaverse, NFTs, and Bitcoin.
Yet, it is also at the center of attention after numerous trending posts surged on social media, such as Mark Zuckerberg’s metaverse, Polar the metaverse artist, celebrities’ high-priced purchases of the Bored Ape Yacht Club NFTs, and, in general, “what is Web3?”
Tech companies such as Meta, Twitter, Amazon, Spotify, and Netflix have also been vocal about implementing Web3 to the mass audience, hoping to bring in a new dimension of connecting people, closing deals, and establishing businesses.