Everyone sees Web3 Where are we?

Web 3.0 was decided entirely by the US Congressional hearing.

On December 9 of this year, the US Congress convened a conference on "The Future of Resources and Finance: Understanding the Challenges and Benefits of US Aid." financial”. Brian Brook, former Secretary General of the United States Department of Treasury and Research (OCC) and current CEO of BitFury, replied to the Congressman: The era of Web2.0 innovation has made Internet content readable and writeable, and people can no longer just get the content but also create the content, but that information is provided by a company. , including Facebook and Google. The difference with Web3.0 is that users can have online content and now they can't have internet (like Google and others), but they can have Ethereum. Web 3.0 allows users to own the Internet, not monopolies. "

Congressman Patrick McHenry says bluntly that Web 3.0 is the future of the Internet. Too much control should not affect the ability to innovate. In order to maintain US competitiveness in Web 3.0, Web 3 will be in the air.

Web3 history

The first to announce the concept of Web3.0 were Polkadot and Gavin Wood, founders of the Web3 Foundation.

Gavin, who was CTO of Ethereum in 2014, created the web3.0 era and drew the web3.0 era in his mind. The importance of Web3, which aims to balance the power of online sharing and the control of high-tech devices, will remain on the blockchain and be fair to all.

So, unlike Web1.0 and Web2.0, Web3.0 is actually the Internet controlled by humans. "Decentralization" is the central theme of Web 3.0, privacy, information, law, censorship, privacy, etc. are all subjects. Web 3.0 content supported. This is consistent with the current blockchain technology background, the potential of blockchain technology, such as decentralized storage, immutability and data encryption, will overthrow the current Internet giant's monopoly and change the problem of abuse of data power. It provides service providers and updates Internet rules to network members.

However, unlike the popular Web 1.0 and Web 2.0, Web 3.0 is still in the translation stage. It's like a light shining on the future of the Internet. Besides Ethereum and Polkadot, many applications using blockchain technology like Filecoin have gradually emerged since Gavin Wood conceptualized Web 3.0.

Web3 with their eyes

Chief Crypto Elon Musk frequently mentions Web3 on Twitter.

Elon Musk tweeted on Dec. 20: "Right now Web3 is just a commercial word, but I want to know what the world will look like in 10, 20, 30 years? I can't find it," said Field Square founder Jack Dorsey "between a and z (indicating that Web3 is in the hands of 16z).

As Jack Dorsey mentioned, a16z, a company specializing in the crypto industry, is very excited about Web3 and is well prepared. Now, a16z has invested in web3 projects, including web3 startup Mem protocol, web3 communication protocol and encrypted XMTP, Pleasr DAO, web3 Mysten Labs infrastructure centers and many NFT num projects.

Chris Dixon, partner at a16z, calls Web3 "the tokenized Internet offered by developers and users". Chris Dixon has previously noted that Web 3 empowers people to take control of their digital lives and provides business benefits for developers, but smart policies are needed to enable the full potential of Web 3. A16z announced the Policy Hub with some recommendations to promote a better and inclusive Internet. Web3 offers the opportunity to explore how technology can contribute to the community. a16z can't give you all the answers, but it's important that lawmakers, citizens and many others don't just sit around for our stakeholders, 16z to build a better internet with you all.

Chris Dixon also believes that Web3 and NFTs can solve the lack of Internet membership and streaming addiction. Chris Dixon pointed out that the shortage of new technologies cannot prevent the development of new technologies. A good review can improve intelligence, between "temporary damage" and "execution restrictions". Although open, especially Web 3 and encryption, the temporary drawbacks of this new technology are the real problems of too much exchange rate and too much effort, but due to many improvement steps, we can think of many solutions, but we can only think of . a "temporary claim" as the machine fills up with a new machine. It is not considered the basis for rejection.

Recently Jack Dorsey tweeted that users don't have Web3, but rather VC and LP. Web3 was never able to execute their revival. Web3 is the end of the middle ground with different content. However, the comments were disputed by 16z partner Chris Dixon. Chris Dixon responded on Twitter that all rights, data and ownership of Web3 is open source and a minimum is available from VCs (e.g. a16z).

Messari co-founder Ryan Selkis tweeted that the Web3 project was partly by venture capitalists (VCs) or affiliates (LPs) and partly by a joint venture, with bitcoin affiliates and Twitter. However, only Web3 can provide the property to users without capacity.

How far is Web3 from us?

As mentioned above, in the vision of Web3.0, many solutions and processes with this content have emerged, and they are likely to become a Web2.0 application.

Web3.0 distributes archives such as Sia, Filecoin, Arweave, archive processes such as Ocean Protocol, Streamr and Erasure, as well as mature domain names such as ENS, TNS, Handshake and payment tools such as: Metamask, Mirror content sharing platform, etc., and different devices such as Telegram and Discord. It can be seen that the Web3.0 protocol has started to develop.

However, after the rapid expansion of Web 3.0 protocol, there are still challenges, conflicts and cracking issues. As Messari previously pointed out in his review, the Web3 integration has been successful, but the whole group has yet to find a way to interact with DeFi, NFT, or another Web3 protocol.