Apple is now an infrastructure play for Web 3.0, the third generation of the internet—a concept popularized by venture capital firm Andreessen Horowitz to encompass the next wave of internet innovations.

Tools like trading services and wallets for cryptocurrencies are being built under the assumption that users will have smartphones. Apple has the most valuable phone users in the world, so these top-shelf users will be desirable to web 3.0 developers.

Add in the potential for web 3.0 to drive innovation in long-rumored products in virtual reality, and Apple will have a decade of growth just being an infrastructure company that innovators build on top of. $Apple(AAPL)$