How can the future of Web3.0 crumble in the folded meta-universe?

I think a lot of readers this year have heard the word "Web3.0". In particular, in the face of this year's global meta turmoil, Web 3.0 has also become a hot topic, and it has also been used repeatedly by the United States House of Representatives. Crypto financial hearing recognition. According to data from Google Trends, global searches for the word "web3" have increased significantly over the past 12 months. Among them, the growth of November and December is the most special.

Web3.0 is a broad concept, it is also a vision and a concept representing the future, there has been a lot of discussion and debate about the unique content of Web3.0 because different people have different opinions on it. topic. .

So how do we understand and understand Web3.0? What does this have to do with encryption fields? Now, how can meta edge and NFT be integrated into web3.0?

What is Web3.0?

Web3.0 is a concept related to Web1.0 and Web2.0. To know about Web3, you must first understand Web1.0 and Web2.0. This website stands for the Internet.

Web1.0, easy to deliver, refers to the first generation of the Internet represented by the first portals and search sites, and the main feature is that the network platform delivers content to users in one direction. At this point, users can only receive content sent from the network and cannot participate in the network.

Web2.0 (the second generation of the Internet) is starting to go interactive and users are no longer subscribed to the content, but can create their own content (e.g. text, photos, videos, etc. ) Communicate with people. Users interact. At this point, the Internet has changed from one-way communication to two-way communication. In other words, we are in the age of media relations.

Web3.0 is called Next Generation Internet because Web2.0 has many issues. The data has almost no confidentiality. And Web3.0 solves the problems of Web2.0 by using technology such as blockchain to recoup user-generated costs in the process of human interaction between users and participants, which is a business capability of Web3.0. So compared to Web2.0, Web3.0 is a deep transition, and the key is to regain user control, control, downtime and interaction changes.

The first to introduce the concept of Web3.0 were Polkadot and Gavin Wood, founders of the Web3 Foundation. In 2014, Gavin first used the term web3.0 to describe the days of web3 when he was working as a CTO of Ethereum. . 0 in his mind, he said that Web3 aims to share power online equally and control it through large-scale technological devices, available on the blockchain and distributed to everyone.

The evolution of web1.0 >> web2.0 >> web3.0

Therefore, the latest Web 3.0 is a human-controlled Internet. “Decentralization” is a central theme of Web 3.0. Privacy, information, politics, censorship, identity, etc. are all things Web 3.0 cares about. This is in line with the concept of current blockchain technology. The decentralized storage, immutability and data encryption of blockchain technology will overthrow the monopoly of the current internet giant and change and repeat itself behind the problems of abuse of power by data providers. Internet access for a network participant. When it comes to this concept, many people in the crypto community now understand that most blockchain campaigns fall under the Web3.0 category.

Web3.0 improvements

Although Web3.0 is still in its infancy, the concept behind this concept is a big step forward for the blockchain industry, especially in the app. According to the vision of Web3.0, many solutions and agreements with this concept were born.

In our previous article, “Watching the State of the Web3 Infrastructure from Five Approaches” (click to go), we covered the current process of Web3.0, which has just started to complete. The evolution of Web3.0 depends on the infrastructure of compute, indexing, data management, hosting, storage and other key services. Benefiting from blockchain technology, storage, registration, payment, communication, platform content, etc. delivered in a decentralized manner, which leads to a better experience and greater user rights.

Web3.0 distributes archiving protocols such as Sia, Filecoin, and Arweave, archiving protocols such as Ocean Protocol, Streamr, and Erasure, and many older subscriptions such as ENS, TNS, and Handshake. Metamask and the Mirror content distribution platform are available, different tools such as Telegram and Discord are available, and it can be seen that the Web3.0 protocol has started to develop.

In Web3.0, data is the most important part of product development, therefore data processing and storage is important in development, data protocols such as Filecoin, Arweave and Sia have developed rapidly in recent years . As of December 17th, the data stored in Arweave has increased by 20 times compared to January, which is currently 4.04TB, the total data stored in Filecoin currently exceeds 22PB, and the storage capacity at Sia is 1, 94PB (1PB = 1000TB); Currently, the total network capacity is 5.12PB, and the charts can also be used as a metric and query layer for Web3, which can now generate thousands of dollars in revenue in a single week.

With the growth and consolidation of this field, many companies have recently chosen to work in the Web3 direction. For example, blockchain infrastructure company Alchemy announced an investment focused on Web3, while South Korean blockchain company Hashed announced that its new fund, Hashed Venture Fund II, had raised $ 200 million from investors who have not yet disclosed and are contributing to Web3. project. that they will invest. Several startups Web3, Pen Protocol, CyberConnect, and software development company Thirdweb recently received hundreds of millions of dollars in investment. Major companies include a16z, Multicoin Capital, Mark Cuban, etc.

The paradigm we see is that in the days of Web3, everyone agreed that Web3.0 was a revolution, a future, and a vast paradigm. Publication of Messari annual report: Web3 is important. Additionally, the term Web3 became a buzzword during Crypto Finance's public hearing in the United States on December 8th. Republican US Congressman Patrick McHenry told the conference that cryptocurrencies may have a bigger impact in the future than the internet. How can we make the Web3.0 revolution happen in America? Bryan Brooks Former CEO of U.S. Research and CEO of Bitfury Group Bryan Brooks explained what Web3.0 is at the conference and said Web3.0 is the future on the internet.

However, there are still vulnerabilities, conflicts and crashes after the expansion of the Web3.0 protocol. As Messari previously pointed out in a review report, independent Web3 content is growing rapidly, but the whole group has yet to find a way to interact with DeFi, NFT, or other Web3 protocols. . Additionally, some people in the tech world are not optimistic about the future applications that Web3 represents.

How will web3.0 break the game in the future?

Recently, due to the popularity of Metaverse, there has been endless talk on Web3, but global technology and global encryption have their own understanding. Most people agree with the differences of Web3, but there are others who do not. The most recent rep was Web3, which Tesla CEO Musk recently posted on Twitter, and he replied directly to Twitter users, “Web3 is bullshit.

In response, lead Ethereum developer eric.eth has already responded that most people in the market hate Elon Musk and Web 3 and encrypt DeFi without Musk.

Yes, in the crypto world there are a lot of people who believe that Web3 is the future just like a lot of people believe in the meta-world. Benedict Evans, former partner and chief analyst at a16z, recently announced a new term titled "Trilogy to the Future" on tech production for 2021 and 2022. He said the most exciting topic in science and technology technology today is the transformation of vision. for 2025 or 2030: the transition from cryptocurrency to web3 and from VR to the meta-world. The focus of the crypto industry has shifted from the premier pricing, payment, exchange (and pricing) retailer to new models of software development, online services, and Web3 integration, and the goal of VR / AR is to create a headset. , niche marketing tools, search campaigns and more have evolved into metaworld, the next-generation platform for smartphones.

So, how to develop new software, e-commerce and social networking models in Web3, and how to find loopholes in Web3. Previously, it has been said that the concept of web3.0 has led to the successful development of the blockchain application industry, but on the contrary, it can be said that the reliability for Web3.0 has increased even among those in encryption. industry.

In the eyes of Polkadot founder Gavin Wood, Web3 is a post-snow era network and a great experience. It's a reinterpretation of many of the things we've used the site for. However, there are differences in the modes of interaction between the two parties. The post-snowfall period on the site consisted of four things: static content advertising, poor communication, unreliable marketing, and customer engagement. Many custom websites today have been involved in the development of the Web3 framework around key concepts. But look to the future, where will the Web3 revolution explode? Could this be the meta world? Challenge? Or NFT? How to capture the sovereignty of materials, the first thing in production?

In this regard, the views of Cao Yin, Executive Director of the Digital Renaissance Foundation, are more interesting and can be discussed here. Cao Yin believes that in the short term, encryption technology will most likely be the explosion of the Web3 revolution. Art is always theme-based, with no restrictions or finances, and most importantly, it's fun, multicultural, has community events, and whoever comes can find friends. “Compared to DeFi, games, relationships, and other interactions, it's inevitable that crypto art can make an impact on the Web3. Since the Renaissance, “artists and artists have been role models in every transformation, and this time they are the same. "

Based on current improvements, the areas Web3 and Web3 will accomplish the most are Metaverse and NFT. However, for the most part, Web3.0 is still in its infancy, and more is in the navigation apps stage. For Web3.0, as members of the crypto ecosystem, we can be patient and hopefully bear witness and participate in building a website that is truly for us.