The decentralized web3 ecosystem is gaining traction, with investments in DeFi and NFT applications increasing due to their adoption. However, the current centralized paradigm still dominates internet, enterprise technology, and financial trading, with companies owning and managing data privately. Web3 aims to decentralize control and ownership through blockchain technologies, enabling trustless applications and architectures that allow consumers to interact without relying on a single centralized entity. The development of oracles and cross-chains will be key in maturing the blockchain ecosystem, allowing disparate forms of data to be integrated and enabling interoperability between different blockchain platforms. Additionally, fiat-to-crypto on-ramping solutions and off-chain databases are necessary to increase adoption and utility of blockchain applications, while tools like Chainlink, Circle, The Graph, and Fauna will help bridge the gap between centralized and decentralized development frameworks.