With the advent of the metaverse and the era of Web3, do companies stand out?

Recently, there have been two terms, especially in the world of venture capital and the technology production cycle. One is the annual hot word for 2021 'Metaverse', and the other is 'Web3', which has been a hot word for many years. He said interest in the metaverse would be higher not only in Silicon Valley hotspots, but also in Korea, as both terms have been used recently.

At the same time we tooMore and more people online, especially those familiar with Silicon Valley, are beginning to join the Web3 army., Julien Gaillard, Chief Information Officer at Twitter Spces, Chatterjee, Vice President of Google, and Matt Huang, Partner at Capital Giant Sequoia Capital, are just representatives. Sellers are fleeing the Internet to join the Web3 camp.

Meanwhile, the story of Facebook renaming the meta as a prelude to the metaverse has been fantastic, attracting more and more venture capitalists to this cutting-edge technology called the "next generation internet". And many provinces and cities in China have been listed in the government work report, and fires are expected to occur in 2021 as if there were no emergency, and will continue to do so.

Of course, Metaverse and Web3 have many similarities and there are many interactions between them, especially due to the benefits of blockchain.Metaverse and Web3 appear to have different characteristics from current industry standards, and the value behind them is only known if the shield is removed., So what kind of business can be a leader in the future?

Before answering these questions, we must understand how new Metavers and Web3 know-how can guide us.

What does Metaverse and Web3 look like?

Web3 is an advanced technological layer., with the hope that this new application will allow everyone to manage their (digital) personal, assets and information, and thus their own destiny, and Metaverse has changed it in a new way with this new application based on the Web3 concept . application with We present a network of the future.

So what would our lives be like when Metaverse and Web3 matured?

1. More reliable privacy and security

There are many mega-companies in many sectors of the Internet today, each with hundreds of millions of users. Our Personal Information, Behavioral Information, and Other Very Personal Information is governed by these companies. With a lot of sensitive data managed by giants, it's a big cake for hackers, but a ticking time bomb for users.

Facebook, the company's relationship with nearly 3 billion users worldwide, is a leader in size, but it's the first flaw of the web2-based company which, including other companies, frequently uses information breaches. So if your Metaverse still follows your current Web2 internet environment, you will still be concerned about data/privacy.

The Web3 infrastructure (blockchain, storage/counting/distribution, etc.) has been completed, and Web3-based applications have been released to ensure complete privacy and confidentiality of user data.. Then, when we surf Web3's metaverse, we don't have to worry about any source managing and deleting our metaverse data, and we don't have to worry about the role of the metaverse. Don't worry about the impact on our real lives as metaverse privacy has leaked, such as theft and damage to the relationships we've worked so hard to establish.

2. Seamless connection with various digital assets

We now have electronic funds and are experimenting with the digital yuan on a large scale, but these digital devices are still a valuable financial asset. andOnce you have the blessings of Web3, you can store and submit treasures on the Internet., a richer digital asset will emerge.

As in real life, in addition to cash, there are many assets such as cars and houses, and assets such as financial assets. Real estate such as virtual real estate, virtual real estate, virtual art, furniture, furnishings and decorations in virtual real estate, virtual clothes and shoes of virtual people and organizations involved in virtual worlds.

In the future, many digital assets can be connected and discarded at will to create a virtual world similar to the value of the real world, and this is the vision of the future metaverse based on the Web3 strategy.

3. Easier communication

The Internet giants are now in force, each leaving 1/3 of the territory as a city, and in order to improve their work, they often take the wrong road to seduce users. Most of our users and devices are already on our own platform, so we can confidently limit support and support for other competing software on our platform. As a result, large platforms today are difficult to manipulate with data and information, although restricted by legal protections, large platforms will still face many challenges in limiting competition.

In the final analysis, the cause of this phenomenon is centralization causing many inconveniences to users, creating monopolies and increasing user costs.When Web3 submissions become popular in the future, many applications will operate under open and transparent procedures. Users can have their data and assets on demand, and developers can combine and remake this application to create better products..

Rather than creating a new national monopoly through the use of the medium, new construction will be the moat of this application. The metaverse we find ourselves in is then more open, easier to use, and interacts with other willpower metaverses, not the high walls created by the giant monopoly.

4. Create a network that anyone can join

With over 400 years of manufacturing relationships, the company has always played an important role in driving the industry. However, with advances in science and technology, the relationship between manufacturing and technology may change. The growth of the Internet is well underway. As we have seen with the common business models of joint ventures, such as Didi and Meituan, they have policies in place to attract external stakeholders to the common business model. These processes create a large and loose organization by dividing funds.

However, such an organization is still under the control of the central organization and the rules will be adjusted as needed. andOnce the Web3 architecture is developed, this industrial model can be realized in a distributed way, becoming a new type of organization with an open and transparent DAO that anyone can join.(Decentralized Autonomous Organization, Decentralized Autonomous Organization). And when we swim in the metaverse, we have the freedom to participate in the DAOs to realize our own worth.

Of course, the above is only the size of the era of metaverse and web3, and many new things have appeared, but the importance of data as the most important development of this period is itself . Based on Web3, this is one of the reasons why blockchain will become more important in the future.

Why is blockchain important?

Before talking about the importance of blockchain technology, we need to understand what a blockchain is. We believe that blockchain technology provides an opportunity for untrusted individuals to reach consensus on historical data without relying on a trusted intermediary, file distribution and distribution.

In simple words, the content of a blockchain is a kind of database, anyone can view and participate in managing the data, but no one can modify the previous data from the needs. that is to sayBlockchain technology offers unreliable, constrained, discrete, distributed, low-cost, peer-to-peer performance, transparency, and demand for Metaverse and Web3.

At the same time, the blockchain can guarantee the independence of users. The Metaverse and Web3 of 2021 were not a temporary fad for users like the Internet in the late 1990s, but a spur of the moment. Everyone must create their own metaverse and aspire to achieve true freedom. All this is inextricably linked to the support of blockchain technology. Blockchain provides a platform solution and cost effective delivery, distribution and distribution.

Blockchain is also designed to be a financial success. Blockchain allows users to create digital assets and virtual tokens and store them in a wallet to manage their assets, with no banking permissions and no third-party worries. Special business rules for establishing a stable business which forms the basis of Metaverse and Web3 business models.

Blockchain provides the basis for advanced technology, and new technologies such as big data, cloud computing, intelligence, 3D and VR/AR are constantly evolving and gaining more and more importance in the Metaverse and Web3.0 support.Blockchain provides a way to mix different technologies and integrate many new technologies, with the advantages and role of "1 1 is greater than 2".

Without blockchain, Metaverse and Web3 could be the new way for some tech companies to control their users.

Blockchain-based companies will often disrupt business

In the era of Metaverse and Web3, we have always believed that more and bigger companies will exit the blockchain market due to the importance of blockchain. After all, we have a deep understanding of what Web3 is, what decentralization is.

And on companies that have an intersection between Metaverse and Web3,When the company was acquired in 2017, I represented OKEx, which is now facing the intersection of new technologies after going through the ups and downs of the crypto industry., metaverse, web3 and blockchain are a convergence.

Ouyi OKX said, "We are the best and strongest team. We believe that Crypto will be a new industry that will change everyone's life and make the world a better place. Crypto) will help hundreds of millions of users around the world. "

Additionally, the "X" in OKX is close to the cross symbol in the context symbol and represents the cross-chain, cross-functional, cross-platform blockchain highway. And we know why OKX chose to change its format, as both Metaverse and Web3 deal with open source and distributed versions. Perhaps it seems that Facebook was the first to "fix their lives" at a time when the continuous internet ecosystem is exploding. choice.

In recent years, we have started to see significant improvements in financial management, from the far eastern coast of the Atlantic Ocean through the southern Indian Ocean to the Indian Ocean market on the African continent. Needs have become the next meeting point for budgeting, and at the same time, the variety of NFTs wrapped in art has given new impetus to the development of traditional art, and has slowly penetrated hundreds of millions of ecosystems . In addition, Web3 technology paves the way for the emergence of the Metaverse, as an unprecedented approach that makes Internet users more powerful and independent.

no force liMany people are filled with endless thoughts for the future, and we are overwhelmed and desperate, just like we were waiting to open a magic box.The most important part of Web3 is the information about ownership and allocation of rights (such as dividends, privacy rights, etc.) belong to the person. On the other hand, users will enjoy unprecedented freedom and control, and on the other hand, all activities will be locked on the blockchain, allowing users to make portraits quickly with the unprecedented by the fact that there will be no disappointment. cheeky. Ideas need more privacy.

andOuyi OKX offers layouts for almost all Web3 related tracks., crypto wallets, decentralized exchange systems (DEX), cross-chain bridges, public chain scaling solutions, GameFi, NFT and many more. Some of these products are needed by the industry itself and some are also designed. The potential landing site for Web3 is to support business growth.

About the appearance of Metaverse and Web3, OKX's agent said, "To move to Web3, which has hundreds of millions of Web2 users, two things are needed." New performance for Web2's public strings over L2 solves the critical problem of measuring and supporting the export of large characters and file links. Web3 also needs to be integrated by "We believe this is a long-term process and there is no way to do it quickly."

There may still be a long way to go before the surprise comes, and more money will be needed, but Ouyi OKX, president and self-developer, foresees that. andThe OKX brand upgrade means it can go from an upgrade to a service provider for the Web3 and Metaverse marketplaces.

Of course, there may still be many companies like OKX in the blockchain industry, some will still be in their infancy, some will need to hit rock bottom, and some will need to complete race-ready milestones and plans. The journey is only possible in front of the market, and companies that meet the needs of the general public will often take the plunge, not to mention that Web3 must be more and more open.

If so, where did the next company decide to leave the blockchain industry to move to Metaverse and Web 3?

PS

When Facebook changed its name to meta last year, many diners used Facebook (Facebook) to call the move "shameless", but on the other hand, companies are trying to create. Treating each other can be more respectful. At Yahoo, let's not first discover the real value of a name swap.

soEven companies like OKX see greater potential if they choose to tweak their listings to express their hopes for improving Metaverse and Web3.. And over time, more and more internet companies will enter the metaverse and web3 arena, and we'll see a bunch of conglomerates popping up in the blockchain industry, and there's reason to believe that they will lead to a new era. or Google, or any of the following commercial information.

As world-renowned business scientist Clayton Christensen explains in "The Innovator's DNA": We combine success and prosperity in other fields and industries in our work. "

The purpose of this sentence is,To reflect this shift in the industry, one needs to break routines and restrictions and look for inspiration in other industries., the history of the industry tells us countless examples if we stay, we only destroy ourselves, why not see the new explosion in time?

Metaverse and Web3 bells rang, some were ready to race, some were already at the starting line, and of course some were lying next to them...

Hush, don't wake the sleeping liar.