Tag: Web3

Categories
Metaverse Blog

Crypto’s Who’s Who: Web3 Companies

WEB3 COMPANIES

Pocket Network Inc.

Pocket Network is an unstoppable blockchain data ecosystem for Web3 applications.

Founder: Nelson Ryan

Utrust

Web3 payments technology. The radically better way to pay and get paid globally. Powered by Elrond Network.

Founder: Sanja Kon

Talent Protocol

The web3 professional community for high-potential builders.

Founder: Filipe Macedo

AQUA

The Gaming-Only NFT Community Marketplace. Trade Smarter. Play Better.

Founder: Sean Ryan

Filecoin

Accelerating the Filecoin ecosystem, designed to store humanity’s most important information.

Founder: Megan Klimen

The Graph

Indexing protocol for querying blockchain data with GraphQL.

Founder: Eva Beylin

Helium

The Helium Network represents a paradigm shift for decentralized wireless infrastructure.

Founder: Sadat Slade

Casper Association

Overseeing the ongoing evolution and decentralization of the Casper Network.

Founder: Matt Schaffnit

Stacks

Stacks makes Bitcoin programmable, enabling decentralized apps and smart contracts that inherit all of Bitcoin’s powers.

Founder: Ryan Shea

Golem Network

Golem Network is a decentralized platform designed for sharing computer resources.

Founder: Piotrek

Kadena

The only PoW blockchain that scales. Founded by Stuart Popejoy & Will Martino, creators of JPM’s 1st blockchain.

Founder: Will Martino

Kaleido

Leverage the power of blockchain and digital assets to transform your business. Kaleido makes it easy.

Founder: Steve Cerveny

Exorde Labs

Clear the way in the web jungle.

Founder: Térence GRAS

Ankr

Decentralized Web 3 Infrastructure for a better Web 3 World. Nodes, Validators, and Staking solutions.

Founder: Chandler Song

Aligned

High Performance Compute Solutions as a Service for Web3 and beyond. Fast. Powerful. Flexible

Founder: Neal Kaufman

Ambire

Bridging ad tech and DeFi.

Founder: Dimo Stoyanov

Braintrust

Braintrust is the first decentralized Web3 talent network that connects tech freelancers with the world’s leading brands

Founder: Brian Flynn

Audius

Giving everyone the freedom to distribute, monetize, and stream unstoppable audio

Founder: Roneil Rumburg

REEF

DeFi Blockchain for EVM DAPP developers

Founder: Denko Mancheski

Chromia

Chromia by ChromaWay is a public relational blockchain platform powered by #Rell.

Founder: Perelman

Fanstastic

Decentralized content media creator network.

Founder: Martín Furst

Aragon

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Founder: Joe C.

Radicle

A peer-to-peer stack for building software together

Founder:

Orchid

Keep your data private and access content anywhere! Download our VPN to explore the Internet freely.

Founder: Steven W.

nkn.org

Network sharing at global scale, powered by blockchain. Products: crowd sourced CDN and PubSub.

Founder: Zheng "Bruce" Li

Mask Network

Mask Network brings privacy and benefits from Web3 to social media like Facebook & Twitter – with an open-sourced browser extension.

Founder: Suji Yan

Band Protocol

Decentralized Data Governance – An open standard for decentralized management of data in Web3 stack.

Founder: Soravis Srinawakoon

Tellor

You are only as decentralized as your data.

Founder: Brenda Loya

Litentry

Build a user-centric world with Blockchain

Founder: Kyle Chasse

Syntropy

Technology improving security and performance of the Internet

Founder: Domas Povilauskas

KILT Protocol

KILT is a decentralized blockchain identity protocol for issuing anonymous, verifiable credentials.

Founder: Ingo Ruebe

Gitcoin

A community for developers to collaborate and monetize their skills while working on Open Source projects with bounties.

Founder: Kevin Owocki

Akash Network

Akash Network is the world’s first decentralized and open-source cloud.

Founder: Greg Osuri

Elastos

Elastos is a dynamic, ever-evolving ecosystem supported by an open, diverse community. If you have questions, ideas, feedback, or are simply looking to learn more, you’ve come to the right place. Check out our support resources.

Founder: Feng Han

Streamr Network

The decentralized P2P real-time data pub/sub network.

Founder: Henri Pihkala

Handshake

Helping all students and recent grads find their next opportunity.

Founder: Garrett Lord

Somnium Space

We are an Open, Social & Persistent VR world. Buy land, build or import objects, instantly monetize and simply have fun.

Founder: Artur Sychov

PARSIQ

Go-to backend for #web3 applications

Founder: Tom Tirman

Numbers Protocol

Giving You the Full Picture.

Founder: Bofu Chen

GARI

Crypto Powered Creator Economy

Founder: Jimmy Humania

FOAM Inc

FOAM provides the tools to enable a crowdsourced map and decentralized location services.

Founder: Ryan John King

Push Protocol

Push Protocol is a web3 communication network, enabling cross-chain notifications and messaging for dapps, wallets, and services.

Founder: Richa Joshi

Bepro Network

Bounty network for managing their decentralized development

Founder: Mário Ribeiro Alves

Crust Network

On a mission to build the foundation for the unstoppable internet!

Founder: Bova Chen

Exeedme

Exeedme® is on a mission to create a World where Gamers have fun and are economically free.

Founder: Francisco Varela

PolkaBridge

PolkaBridge is a decentralised all-in-one financial applications platform.

Founder: Cyclese Mohr

Torum

Connecting worldwide cryptocurrency users

Founder: Jayson Tan

Modefi

Building the foundation for real world adoption of Oracles and DeFi.

Founder: Uosof Ahmadi

Gather

We Make Money with Passion

Founder: Giovanni Bonaccorso

Big Data Protocol

Web3 marketplace to source commercially viable datasets, tokenize it, and make it liquid and accessible to all

Founder: Mark D.

Launchblock.com

Breaking the boundaries for accessible project participation as an all-in-one solution for projects launching on Ethereum, with support for additional chains such as Binance Smart Chain (BSC), Polygon, Cronos and more!

Founder: Bryson Warsap

Nestcoin

We build, operate and invest in crypto-native products for everyday people in frontier markets.

Founder: Yele Bademosi

Rocketplace

Stop overpaying for crypto.

Founder: Benjamin Hutchinson

Treehouse

Data | Analytics | Risk Management Solutions | Innovation | Community

Founder: Brandon Goh

LootRush

Crypto gaming for all

Founder: Anderson F.

Kyro Digital Corp.

The first Web3 platform for builders.

Founder: samir arora

Ansible Labs

Bringing web2 payments simplicity to web3

Founder: Dan Mottice

thirdweb

we make it really easy to build web3 apps

Founder: Furqan Rydhan

FreshCut

Connecting Creators & Fans through gaming’s best moments. A Web3 Creator Platform.

Founder: James Kuk

Aptos

Aptos is a Layer 1 blockchain built with safety and user experience in mind.

Founder: Avery Ching

Destiny web3

Women meet-up

Founder: Samrin Fathima

Royal web3 Blockchain

Founder: Sandeep Singh

Metakaar.com

A web3 style magazine

Founder: Nikhil Surve

Moralis Web3

Enterpise-Grade Web3 APIs

Founder: Ivan Liljeqvist

Phygitalize

Merging Worlds

Founder: Shounak Shetty

Web3 Native

Mapping People, Projects, and Partners in Web3

Founder: Shardul Pilley

Web3 Sanctuary

The best way to learn Solidity for blockchain enthusiasts.

Founder: Devon Krantz

LAMBO

We are a digital creative agency. And definitely can help you connect with new audiences!

Founder: Marina Saroka

Oval

Web3.0 blockchain startup helping brands, artists & businesses navigate the waters of Metaverse and NFTs!

Founder: Batool Aamir

Meta Arrow

Bridging the gap between creators, brands, and consumers in an unrivaled metaverse experience.

Founder: Ravi kumar

Ferris Games

Creating a sustainable web3 game ecosystem that locks in value, ownership, and fun for gamers.

Founder: Eric G.

Consult Webs

Founder: Daniel Yurcho

CryptoVerse

The singularity for Web3

Founder: Abijith Mahendran

Xircus Web3 Protocol

Xircus Web3 Protocol aims to be a consensus for NFT marketplaces that can bridge digital and physical assets into NFTs

Founder: Falco Pangkey

Empeiria- web3

Trusted web3 professional identity for talents as a gateway into the future of work, financial services & the metaverse

Founder: Marcin Parafianowicz

Web3 Xperience

THE PREMIER GLOBAL, NFT MEMBERSHIP BASED IMPACT TRAVEL CLUB

Founder: Robin P. Belle

Web3 Social networking

Founder: Igor Petrov

Founder: Igor Petrov

Women of Web3

Connecting women in the next iteration of the internet.

 

Founder: Lauren Ingram

Web3 Recruit

   

Founder: David Janotka

Talent-Web3

A community site dedicated to sharing knowledge and building networks for aspiring web3 talent.

 

Founder: Kerf Chang

Cripto.Media

All the information in Spanish about cryptocurrencies and crypto assets

Founder: Diego González

Moneta Today

CROSS-CHAIN ECOSYSTEM OF REAL APPLICATIONS

 

Founder: Roman Chizhikov

MetaCombine

The LinkedIn of GameFi: MetaCombine is an all-in-one hub that will seamlessly connect the GameFi ecosystem.

Founder: Alexey Kolesnikov

Exverse.io

Exverse – is a next-gen virtual battle metaverse combining Play & Earn mechanics with the action genre.

 

Founder: Alexander C.

Funge

Trade, Connect and Earn Like Never Before.

Founder: Isayah Durst

Scale Genesis

Blockchain, IoT, Cybersecurity Search Firm

Founder: Jez Heard

Fabric

Watch Ads. Get Paid.

Founder: Paul A. Taylor

Pan Crypto

An inclusive community of crypto-native web3 marketers aiming to bring new and established projects forward to success.

Founder: Hector Ferran

Moleculus Network

Streamlining the Decentralized Economy, Realize your financial freedom with a secure and sustainable approach.

Founder: Sunil Patel

Kryptic Crypto

Want help creating your own NFTs? Want to Commission artwork? Or do you want to learn about the cryptocurrency side? We cover the vital basics.

Founder: Miguel

Tunnel

  

Founder: Neil Ratna

CryptoLinks.com

We are an online cryptocurrency directory and we review different crypto related apps and websites that are relevant to improving your crypto experience. Our mission is to help everyone, from developers and crypto enthusiasts through to crypto traders, investors, and all blockchain techs, find the right resources for the job.

Founder: Nate Urbas

Zam.io

Bridging real world capital to the New Blockchain Economy

Founder: Ayman Sayed

Legion3.0

We are passionate about helping web 3.0 startups succeed by helping them construct growth and revenue strategies.

Founder: Jaxon Valentine

LunaLand.io

A digital currency harnessing the power of the Blockchain

Founder: Dusko Ruzic

FR0NTIERX

Web3 Infrastructure, Simplified. Our proprietary platform seamlessly transitions enterprise businesses into Web3.

Founder: Jonny Cadden

ST Platform

Build Your Dreamland with Blocks in Metaverse

Founder: Gabe Menelik

Xiroverse

Unlock the power of Web3 and the Metaverse. Starting with gaming

Founder: Roshan George

Paxos

Paxos is a regulated blockchain infrastructure company building transparent and transformative financial solutions.

Founder: Rich (Richmond) Teo

Token Alliance

Token Alliance is a decentralized Listing platform providing services to crypto exchanges & blockchain projects.

Founder: Ariel Ho

payscript

We’re helping businesses integrate cryptocurrencies into their E-commerce stores, Point-of-Sale Systems and Mobile Apps.

Founder: Nadeem Shaikh

Chainlink

A cryptographically enforced system of contracts will take both our daily lives and the world’s emerging markets into a new age of economic fairness, transparency, and efficiency—an unbiased world driven not by vague brand promises but by cryptographic guarantees and the real value that individuals and institutions create.

Founder: Sergey Nazarov

API3

The Web3 API Economy

 

Founder: Mark F.

BitDao

BitDAO is empowering the next generation of #Web3 builders and orgs with one of the largest and most diverse token-gover

Founder: Jacob (jacobc.eth) C

Dora Factory

DAO-as-a-Service on substrate backed by one of the largest and most active blockchain developer communities, DoraHacks.

Founder:

Flux

The Worlds First and Largest Web3 and Decentralized Cloud Computing. For the people, by the people.

Founder: Daniel K.

Gelato

Web3’s Automation Protocol

Founder: Hilmar Maximilian Orth

HAPI Protocol

ON-CHAIN CYBERSECURITY PROTOCOL WITH TRUSTLESS ORACLES PREVENTING HACKER ATTACKS.

Founder: Andrei Arsenin

Human

All work on-chain. Tokenized, verified, rewarded.

Founder: Maxime (Nassim) Sebti

Illuvium

Fight for ETH. Illuvium games are built on the Ethereum blockchain with collectible NFTs across the DeFi metaverse.

Founder: Grant Warwick

Ocean Protocol

Ocean Protocol is kickstarting a New Data Economy by breaking down data silos and equalizing access to data

Founder: Cristina Pon

Phala Network

Global Confidential Compute Cloud

Founder: Hang Yin

SafePal

The best cryptocurrency wallet to secure, manage and grow your crypto assets

Founder: Veronica Huang

Trust Wallet Token

We are the one-stop-shop access to empower people in web3.

Founder: Olivo Enrique

WINkLink

WINkLink, as the first TRON ecosystem comprehensive oracle, fully integrates the real world with the blockchain space.

Founder:

Kusama

The scalable, multi-chain network for radical innovation. Polkadot’s wild cousin.

Founder: Jane Doe

MXC

Setting the standard for Smart Cities and the Future of IoT

Founder: Aaron Wagener

Astar

Astar Network The Future of Smart Contracts for Multichain.

Founder: Sota Watanabe

Acala

Acala is a decentralized finance network powering the aUSD stablecoin ecosystem.

Founder: Bette Chen

STP

Decentralized Network for the Tokenization of any Asset

Founder: Minhui Chen

Dock

Simple solutions to build, manage and present instantly verifiable digital credentials

Founder: Elina Cadouri

ChainX

Chain X – simplifying your supply chain management. Contact us today to get a trial account!

Founder:

Moonriver

Smart contract platform for cross-chain connected applications.

Founder: Sicco Naets

Bounce

A marketplace for financial auctions and NFTs.

Founder: Jack L.

Saito

Terabyte Blockchain

Founder: Richard Parris

Covalent

📊 One unified API. One billion possibilities.

Founder: Ganesh Swami

DIA

DIA is a decentralised, open-source data and oracle platform for #Web3

Founder: Michael Weber

Linear

The first cross-chain compatible, decentralized delta-one asset protocol to create, trade, and manage synthetic assets.

Founder: Kevin Tai

ICHI

A blockchain project creating liquidity management protocols for DeFi. ⛩️

Founder: Ben Spickard

RMRK

The most advanced NFT system in the world.

Founder: Bruno Skvorc

MANTRA

MANTRA is a first of its kind, vertically-integrated and regulatory compliant blockchain ecosystem.

Founder: John Patrick Mullin

Map Protocol

Omnichain Layer of Web3 with Absolutely Secure Cross-chain Communication Built upon Light-client and zk-SNARK.

Founder: Michelle Law

Shiden Network

Astar Network The Future of Smart Contracts for Multichain.

Founder: Sota Watanabe

Aventus

The enterprise-grade blockchain that makes it easy for businesses to build on #Polkadot, #Ethereum and beyond.

Founder: Alan Vey

Polkadex

Polkadex is a non-custodial peer-to-peer trading platform merging the benefits of CEXes and DEXes in one product.

Founder: Vivek Prasannan

Dego Finance

Decentralized Finance with Sustainability. #Metaverse #DEGO #Gamefi #NFT

Founder:

Darwinia Network

Universal across-chain message network

Founder: Alex Chien

Edgeware

What will you build?

Founder: Thom Ivy

Poolz Finance

Decentralized cross-chain launchpad, a hub for DeFi apps.

Founder: Guy Oren

Robonomics Network

Web3 Framework for smart cities and industry 4.0 app developers

Founder: Mikhail Torbas

PAID Network

“Your Borderless Legal Toolkit For All Your Business Needs” Founder & CEO Kyle Chasse, Incubated by Master Ventures

Founder: Kyle Chasse

Basilisk

   

Founder:

Offshift

Pioneering #PriFi with the world’s first Private Derivatives Platform. #zkAssets are here.

Founder: Johnny X.

Pinknode

Leading infrastructure on Polkadot – We provide high-performance, reliable and secure API endpoints to developers.

Founder: Eric Poh

SHOPX

The Bridge Between Blockchain and E-Commerce

Founder: Cyrus Taghehchian

Bifrost Native Coin

Official Telegram global channel for BIFROST. Earn $BFC_K through chat participation.

Founder:

RioDefi

RioDeFi accelerates the mass adoption of digital assets by bridging traditional and decentralized finance.

Founder:

Zenlink Network

Zenlink aims to be the DEX gateway to the web3 world by bringing the fragmented liquidity and interactions between each parachain in one fully integrated UI.

Founder:

Nsure Network

Open Insurance Platform for Open Finance

Founder: Leafan Chan

Ares Protocol

Ares Protocol is a decentralised oracle protocol build on Substrate.

Founder: Andy Ray

SpiderDAO

SpiderDAO proposes a set of tools bringing privacy and security to today and tomorrow’s internet users.

Founder: Nathan Varty

PolkaEx

PolkaEx is a cross-chain Defi suite consisting of a Decentralized Exchange, a Launchpad, Liquidity mining, and NFT atc.

Founder: Ben Zhang

Paxro Labs

   

Founder: Azat Bekmagambetov

Categories
Metaverse Good Read

DApps in Web3.0

Decentralized Applications (DApps) are digital programs or applications that operate on computer nodes. These nodes use a distributed network rather than a single server.

In 2019, the estimated market size of DApps was over $10 billion. As per the current growth rate, the market will reach $368.25 billion by 2027. The growth projection of the DApps market is pacing at a CAGR of 56.1%.

A single authority does not control DApps. Apart from that, DApps can provide services of regular traditional apps while enjoying the benefits of decentralization.

The Role of DApps

Technological advancements and innovation have shaped the world around us. One of the biggest examples of revolutionary technology is the internet. Many scientists, computer engineers, and programmers have developed the internet as a massive hub of information and communication. Over the course of time, the internet has evolved through many stages, culminating in the generation of web 3.0. 

At the same time, the impact of blockchain in the web3 revolution has brought the limelight to the role of dApps in web 3.0 and how they bring value. The arrival of web3 invited a new breed of applications featuring the benefits of decentralization, immutability, and transparency. However, it is also important to find out how dApps can empower the web3 landscape. The following discussion reflects on the significance of dApps in web3 along with practical examples. 

What is Web 3.0?

Before moving towards the importance of dApps in web 3.0, it is required to identify the definition of web 3.0 itself. It is the third generation of the internet, which helps websites and applications process information in smart ways. The support of new advancements such as artificial intelligence, big data, blockchain technologies, and machine learning can help in empowering a new generation of digital applications. 

Where do dApps fit in the overall web3 landscape? As a matter of fact, you can develop a better understanding of web3 dApps only by reflecting on the important traits of web 3.0. The future of web3 demands universal applications accessible on multiple devices and software, with assurance of improved convenience in commercial as well as recreational activities. 

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This report contains data and insights about web3 development happening across the Ethereum, Polygon, Arbitrum, Optimism, and Solana ecosystems. It features data from Alchemy, CoinMarketCap, DappRadar, Dune, Etherscan, Github, and the Internet Archive. This data provides insight into NFTs, DeFi, DAOs, social, and other web3 verticals and the growing interest and development in the web3 ecosystem. Developer data includes insights about libraries like Ethers.js and Web3.js, verified smart contract deployment, and decentralized applications. Featured projects include Alchemy, Chainlink, Ethereum Name Service, Farcaster, The Graph, Lens Protocol, RainbowKit, Uniswap, WalletConnect, and many more.

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Important Highlights of Web 3.0

The rise of data decentralization alongside a secure and transparent environment would depend profoundly on growth of new technologies such as blockchain storage and distributed ledgers. In the web3 landscape, people can find the route to a decentralized web that allows users to exercise rightful control over their data. 

At the same time, decentralized infrastructure alongside application platforms can replace conventional models of centralized tech firms. You can understand the role of decentralized applications in web 3.0 by diving deeper into the properties of web3 ecosystem. Here are the notable traits of web3, which offer the favorable grounds for growth of decentralized applications. 

  • Semantic Web

The semantic web concept is one of the notable components in web3, which focuses on meaning or emotion underlying messages. Semantic web can help in supporting the initiatives for helping computers learn about the meaning of the data. It can enable AI to develop real-world use cases providing opportunities for better use of data. 

  • 3D Graphics

The role of dApps in web 3.0 would also focus frequently on transforming the two-dimensional web into a three-dimensional one. New websites, services, and applications in web3 must be immersive with a 3D design, thereby specifying the new dApps design. 

  • Artificial Intelligence

Machine learning and artificial intelligence would take foremost priority in the web3 landscape. AI can play a crucial role in designing web3 dApps with the capabilities for collecting customer feedback to develop a better understanding of product or asset quality. On top of it, artificial intelligence can differentiate between reliable and bad data sources to provide credible information. 

  • Availability 

The availability of digital experiences to users irrespective of their location is one of the notable traits you can find in web3. As a matter of fact, you can find the same highlight in the case of social media platforms that dominate the web2 landscape. If you look closely, the next improvement in web3 will focus on enabling access to digital services through any type of device, including IoT devices.

Why does DApps matter?

Necessity of Decentralized Applications

The discussion on the importance of dApps in web 3.0 would also rely on an understanding of decentralized applications. Amidst the rapid pace of technological developments, almost every new advancement focuses on keeping us updated. Today, we have multiple applications on our smartphones and computers for help with access to complex services. 

Now, it is important to note that people have to grant some form of access to their private information for using the apps. For example, users have to enter their location data, contacts, photos, and other personal information for using the applications. These data points can deliver a comprehensive impression of user preferences and the patterns in their behavior. 

Even if the notion of offering your personal information to credible centralized parties can seem reasonable, you must think of the underlying consequences. How do enterprises use the data you offer them for using their applications? The companies use your personal information for targeted advertisements. Enterprises show content to users who can ensure benefits for the organization rather than the users. 

Decentralized apps or dApps can help in eliminating the intermediaries such as the enterprises. They can help users in availing different services without the risk of censorship for their content. On top of it, top web3 dApps examples show how users can avail digital services without the risks of termination of their accounts. Most important of all, decentralized applications prevent the leakage of personal information to unwanted third parties.

Value of Decentralization in dApps

The development of decentralized applications on blockchain technology is one of the biggest highlights of the digital landscape. dApps can remove the authority of one particular organization exercising sole authority on its users. In addition, decentralized applications also remove the risks of centralized authorities intruding on user privacy. End users exercise complete control and ownership over their data in dApps alongside the privilege of deciding the precedents for sharing data with third parties. 

The design of web3 dApps would show the use of a distributed system that offers freedom from any malicious attempts at disrupting service. For example, the system would be less likely to have any downtime due to DDoS or Distributed Denial of Service attacks. Since you don’t find data in the vaults of a specific organization, you would find limited possibilities for hacking the dApp network. 

On top of it, decentralized applications also feature censorship resistance alongside a permissionless approach. As a result, users could enjoy the services of any decentralized application without any discrimination. Furthermore, dApps also features high levels of transparency while being trustless, thereby ensuring true decentralization. 

Major Advantages of DApps

DApps provide prime importance when it comes to the user’s privacy. In addition, the other benefits of DApps include development flexibility and lack of censorship.

Unlike centralized apps, the users need not provide their personal information for using DApps. The transaction process between two parties takes place with the help of smart contracts.

It is easy to develop DApps. This feature helps app developers to build innovative digital applications. The demand for such DApps has large use cases in major industries such as finance, banking, e-commerce, social media, and gaming.

Applications of dApps in the Web3 Landscape

The discussion on role of decentralized applications in web 3.0 would also focus on the use cases of dApps. A clear overview of the use of dApps for driving value-based improvements across various sectors is quite imperative. You can discover the following important applications of dApps in different sectors. 

  • Social Media Applications

The first entry in web3 dApps examples would draw attention to social media applications. Majority of social media platforms, such as Instagram and Facebook, have emerged as integral highlights in the life of an individual now. Now, it is important to note that social media platforms have control over the personal information and other important data of users. Therefore, the need for decentralization in social media applications is an obvious necessity amidst the rising voice for data privacy. 

If dApps find applications as social media networks, users can have better control over their data. You can explore the scope for plausible improvements in privacy of users alongside security of user data. The lack of a central authority offers the freedom from concerns about third parties capturing or leaking precious user data. Some of the popular examples of dApps serving as social media platforms include Steemit and Sapien. 

  • Cloud Storage

The role of dApps in web 3.0 also becomes evident in the use cases for cloud storage. As of now, the existing data storage servers, such as AWS, are completely centralized in nature. Therefore, it is more likely that the data stored in such servers can be modified or even distributed to third parties without user consent. On the contrary, decentralized solutions for data storage would avoid storing their data on a centralized server.

Decentralized apps would leverage a distributed file system for data storage wherein data transfer is encrypted. Another important highlight in the applications of dApps for cloud storage refers to the division of data into multiple fragments. Subsequently, users can retrieve the fragments according to their requirements. Some of the notable examples of dApps in cloud storage services include Sia and Storj.

  • Browsers

One of the interesting applications of web3 dApps would also draw attention toward browsers. Conventional browsers such as Firefox and Google are basically centralized platforms. On top of it, the centralized nature implies that the browsers can store personal information of users such as location, social media information, passwords, and other details. 

It is important to note that decentralized browsers will be a necessity in the web 3.0 landscape. Why? The answer is quite simple and evident in the term ‘decentralization.’ After all, decentralized browsers will be a staple highlight in the new decentralized web 3.0 ecosystem. The Brave browser is an example of a decentralized browser that can empower the web 3.0 landscape.  

  • Streaming Applications 

Entertainment will also be one of the significant highlights in web3 dApps examples as the world embraces the concept of a decentralized web. Popular streaming applications such as YouTube, Netflix, Amazon Prime Video, and Spotify are centralized in nature. The centralized platforms could impose censorship on user content alongside exposing users to target advertisements campaigns. 

Now, the applications of dApps in the field of music and video streaming apps can introduce plausible improvements. First of all, content creators can receive reasonable value for their efforts alongside resolving the problems of copyright. The notable examples of dApps for music and video streaming include LBRY and UjoMusic. 

  • Messaging Applications

The final and most important use case of dApps would refer to messaging dApps. You can understand the importance of dApps in web 3.0 when you figure out the vision for introducing private, decentralized messaging. Almost 3 billion people all over the world use different messaging apps, with a circulation of almost 145 billion messages on a daily basis. 

Secure and private messaging has evolved as one of the prominent needs in the web3 landscape for avoiding privacy violations, data hacks, and cyber thefts. The most promising example of messaging dApps would refer to Secretum, which has been developed on the Solana blockchain platform. 

Let’s explore the major DApps.

PancakeSwap

PancakeSwap is a decentralized exchange (DEX). This decentralized exchange, built on Binance Smart Chain, allows users to swap between two BEP20 tokens.

PancakeSwap uses smart contracts to execute all trades. PancakeSwap gained popularity for the liquidity of the listed assets.

The platform also provides features such as Yield Farms, Syrup Pools, Lottery v2, Prediction Markets, and NFT Collectibles. CAKE is PancakeSwap’s native utility token. CAKE’s use case includes staking, yield farming, lottery participation, and governance voting.

To execute the token swap, the user must connect the PancakeSwap platform with Web3 wallets such as TrustWallet, MetaMask, or WalletConnect. The connected wallet stores the swapped tokens.

PancakeSwap users can execute the trade without waiting for the order to match. Another major benefit of using PancakeSwap is its low transaction fees.

Compound

Compound is a DApp that allows users to borrow, lend and earn interest in certain cryptocurrencies.

The Compound is built on the Ethereum network, and the users can deposit crypto funds to generate interest.

The platform allows depositing 14 different cryptocurrencies, such as USD Coin, Ether, and Dai, to name a few top ones.

To access the features Compound provides, the user needs to connect the platform with their wallet. For this, the user needs to connect wallets supported by the Compound platform, such as Metamask, Ledger, Wallet Connect, Coinbase Wallet, and Tally.

The platform uses an automated system to match a lender and a borrower. After finding the matching users, the platform exchanges funds from the liquidity pool. Moreover, the liquidity pool acts as a medium to collect the interest rate from the borrower and reward the lender.

COMP is the governance token and native crypto for the platform. The token allows users to cast votes that determine Compound’s future development. In addition, COMP holders have access to go through the inner workings, treasury, and platform protocol of the Compound ecosystem.

OpenSea

OpenSea is a decentralized NFT marketplace for trading, buying, and selling digital goods.

OpenSea is one of the largest marketplaces for NFTs. The user can open a free account on the platform to trade various listed NFTs. Besides that, the marketplace is customizable to develop NFT-based projects.

The creators are given the privilege to set their fees for their digital creations. The OpenSea user must connect their crypto wallet to trade the listed NFTs.

The trend created around the NFTs after the pandemic outbreak attracted massive users to OpenSea. Likewise, the marketplace lists NFTs in various categories to make it easy for buyers to find their desired NFT collections.

The major categories include art, collectibles, domain names, music, photography, sports, virtual world, utility, and trading cards. For instance, to sell an NFT, the user must create a collection, add the NFTs (video, audio, image, or art) and list them on the OpenSea marketplace for sale.

Splinterlands

Splinterlands is a play-to-earn digital card game. Moreover, the game uses NFTs to provide ownership to the players for their in-game assets and digital playing cards.

Splinterlands is a Web3-powered gaming platform developed to solve the issues faced by traditional card trading games. Apart from that, the gaming platform consists of hundreds of digital cards to enhance the trading game that rewards its players.

Splinterlands has a blockchain of its own that provides in-game stability. Apart from that, the gaming platform is adaptable to frequent upgrades.

The cross-compatibility feature is another major advantage of Splinterlands. As a result, the players can connect and interact with other players of major blockchains such as Ethereum, WAX, and Tron.

Splintershards (SPS) is the in-game governance token of the Splinterlands. Moreover, SPS also acts as the primary gaming currency to trade cards. In addition, SPS holders can participate in various governance-based decisions in the Splinterlands ecosystem.

To add more players to the gaming ecosystem, Splinterlands rewards the players with daily rewards, seasonal rewards, loot chests, ranked battle rewards, and leaderboard rewards.

Uniswap V2

Uniswap V2 is the second iteration of the decentralized protocol Uniswap. With the introduction of Uniswap V2, the users no longer needed to add ETH as one of the crypto assets.

Uniswap V2 allows the users to directly swap between two ERC-20 tokens to reduce the total number of transactions. Moreover, reducing the number of transactions helps the users reduce the gas fees charged.

The major benefit that helped Uniswap V2 to acquire a more user base is the simplicity in the execution of trades. Apart from that, the omission of the order book and other complex traditional trading templates helped to attract more users to the platform.

Another important feature of the Uniswap V2 is the ‘Flash Swap.’ This feature allows the user to withdraw any number of ERC20 tokens from Uniswap without paying an upfront cost. After the complete execution of the transaction, the user can pay accordingly.

Apart from the features mentioned above, Uniswap V2 provides On-chain price feeds that are difficult to manipulate and highly decentralized. Uniswap V2 uses Solidarity language for writing the smart contract. This feature boosts the technical improvement of the platform.

Arc8

Arc8 is a play-to-earn platform for mobile gaming. Also, the game rewards players for their loyalty, effort, and gaming skills.

The main objective of the Arc8 gaming platform is to promote the value of blockchain and gaming tokens to mainstream gamers. Therefore, the gaming categories include impressive 1v1 matches, multiplayer tournaments, and sponsored tournaments.

The GAMEE Token (GMEE) is the ERC-20 utility token of the gaming platform. The GMEE tokens are used as entry fees, gameplay payments, in-game rewards, and voting. In addition, the GMEE tokens can be used to rent, purchase, breed, and upgrade various in-game NFTs.

Arc8 gaming platform also rewards the players for inviting their friends. The platform rewards both friends involved in the referral process with GMEE bonuses at certain gaming levels. Moreover, the gaming platform has over 50 games, including live multiplayer games.

Socios.com

Socios.com is a DApp that empowers the fans supporting various clubs with tokens and rewards.

Socios.com provides fan tokens in the form of finite digital assets built using the Chiliz Chain. Apart from that, the governance power provided to the token holders allows the fans to participate in important fan-related decisions.

The endorsement of Socios.com by celebrity footballers played a crucial role in adding more fans to the community built around the fan token.

Apart from the governance benefits, fans can also benefit from exclusive promotions, perks, online rewards, and VIP experiences. Besides that, the communities built around Socios.com integrates the fans regardless of geography.

The major clubs partnered with Socios.com include PSG, Barcelona, Juventus, Man City, Arsenal, and Atletico Madrid. Moreover, the platform actively adds more major clubs and fans.

All the perks related to the Fan tokens are provided through the mobile application available on Android and iOS devices. Similarly, all the trading activities associated with the fans token occur in the Socios.com marketplace.

Step App

Step App is a DApp that combines fitness and finance. The application uses geolocation technology, metaverse, and NFTs for a better user experience.

The Step App rewards its users for participating in physical activities such as running, jogging, and walking. Apart from that, the app focuses on providing a social, competitive, and immersive experience with the help of user activities.

The trend around movement-based apps added more members to the Step App community. In addition, the reward system inspires the app users to participate in various physical activities.

The Augmented Reality feature provided in the app evolves and grows upon fulfilling fitness goals. Apart from that, the Step App enables users to combine their social experiences with their fitness on a global level.

FITFI is the governance token provided by Step App. The app users can buy SNEAKs to participate in various physical activities with the help of the in-game tokens KCAL. Besides that, the purchased SNEAKs reward the running user with KCAL tokens. In addition to that, the user can mint SNEAKs with KCAL tokens.

Alien Worlds

Alien Worlds consists of an NFT Metaverse that uses digital gaming assets to engage and compete in various gaming modes.

Alien Worlds provides an opportunity for players to stimulate economic collaboration and competition. Trilium (TLM) is the native token used on the Alien Worlds for planet governance, staking, gameplay incentives, and as in-game currency. In addition to that, TLM is also used to purchase NFTs.

Alien Worlds runs on Ethereum, WAX, and Binance Smart Chain (BSC). The active platform users are rewarded with TLM tokens for developing an in-game ecosystem.

The NFTs available on the marketplace are divided based on rarity and shininess. For example, the six rarity levels for the digital item include Common, Abundant, Epic, Rare, Mythical, and Legendary. Similarly, the five shininess levels consist of Stardust, Stone, Gold, XDimension, and Antimatter.

NBA Top Shot

NBA Top Shot is a marketplace that lists digital basketball collectibles as NFTs. Likewise, the fans can also trade, buy and sell the collectibles from the NFT marketplace.

The blockchain-based NBA trading cards were developed as a partnership among the NBA Players Association, Dapper Labs, and NBA.

The NFT platform is built using the FLOW blockchain developed by Dapper Labs. In addition, this project’s famous investors include Michael Jordan, Klay Thompson, and Kevin Durrant.

The NFT marketplace also lists NBA Top Shot Moments, which consists of video highlight clips in the form of NFTs. The video highlight also consists of famous moments from various NBA games. The value of such NFT videos depends on their rarity.

To buy the NFT collections listed on the NBA Top Shot, the user must register on their official website. After the registration process, the user also needs to get verified to take part in buying and selling of NFTs.

The registered users can purchase the NFTs listed on the marketplace with a debit or credit card. Apart from that, the users also can connect their wallets to the platform and purchase the NFTs.

In closing

The role of decentralized applications in web 3.0 extends beyond the scope of decentralization. Decentralized applications can introduce improved security alongside serving value advantages in different use cases. You can notice the transformation of many conventional digital services such as cloud storage and content streaming platforms. 

The revisions introduced by dApps in the conventional services can help in easier transition towards web3. Many enterprises are gradually recognizing the importance of dApps for growing the web3 revolution. On the other hand, businesses must prepare for the web 3.0 transformation by following the necessary best practices. Learn more about decentralized applications and web 3.0 before you adopt any web 3.0 dApps.

The development of DApps helps users enjoy the benefits of decentralized systems. Furthermore, DApps solve various problems faced by the traditional centralized system.

The major benefits of DApp users include privacy, safety, low transaction fees, and flexibility. Despite the advantages mentioned, the user must ensure the credibility of DApp before engaging in any financial transaction.

In summary

Why dApps are the future?
 
🔵 What Are d’Apps
#dapps are digital programs or applications that operate on computer nodes. These nodes use a distributed network rather than a single server. (Geekflare)

In 2019, the estimated market size of DApps was over $10 billion. As per the current growth rate, the market will reach $368.25 billion by 2027. The growth projection of the DApps market is pacing at a CAGR of 56.1%.

🚨👾Over 12,000 and growing!

A single authority does not control DApps. DApps can provide services of regular traditional apps while enjoying the benefits of decentralization.

🔵 Why Do They Matter?

DApps provide prime importance when it comes to the user’s privacy. In addition, the other benefits of DApps include development flexibility and lack of censorship.

Unlike centralized apps, the users need not provide their personal information for using DApps. The transaction process between two parties takes place with the help of smart contracts.

It is easy to develop DApps. This feature helps app developers to build innovative digital applications. The demand for such DApps has large use cases in major industries such as finance, banking, e-commerce, social media, and gaming.
 
🔵 State Of Play?

The discussion on role of decentralized applications in web 3.0 must  focus on the use cases of dApps. dApps are used in a variety of sectors to drive value.
 
📌 Social Media Applications
 
Instagram & Facebook vs Streemit and Sapiens
 
Users have better control over their data. You can explore the scope for plausible improvements in privacy of users alongside security of user data. The lack of a central authority offers the freedom from concerns about third parties capturing or leaking precious user data.
 
📌 Cloud Storage
 
Amazon Web Services (AWS) vs Storj

#dapps leverage a distributed file system for data storage wherein data transfer is encrypted. Users can retrieve the fragments according to their requirements.
 
📌 Browsers
 Google vs Brave Browser
 
Decentralised browsers will be a requirement ito shape the web 3.0 landscape.
 
📌 Streaming Applications 
 
YouTube,Netflix, and Spotify vs LBRY and UjoMusic
Content creators can receive reasonable value for their efforts alongside resolving the problems of copyright.
 
📌 Messaging Applications
 
Secretum
 
Almost 3 billion people all over the world use different messaging apps, with a circulation of almost 145 billion messages on a daily basis. 

Secure and private messaging has evolved as one of the prominent needs in the web3 landscape for avoiding privacy violations, data hacks, and cyber thefts.
 
🔥 Expect to see more #stablecoins in the future. These digital currencies use innovative price-stability mechanisms. Developers creating blockchain-based decentralized applications can expect to create more apps around stablecoins.

Sources

 

– The Role Of DApps In Web 3.0 by Georgia Weston

– Top 10 DApps in 2022 by Abhijith G

– Web3 Development Report Q3 2022 by Alchemy

– Dr. Martha Boeckenfeld

Categories
Metaverse Summit Roadshow

[Metaverse Roadshow] Decentralised Messaging in the Web3 Way with EPNS

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Decentralised Messaging in the Web3 Way with EPNS

Blockchain, by being decentralized, becomes a collaborative technology that thrives on coordination and collaboration of participants in the network, who are themselves driven for their self-gain but also by doing so contribute to the overall success of the network. The goal of blockchain systems and protocols is to build networks that need no oversight by modeling and predicting human reasoning and yet have positive outcomes for the greater good. 

In this episode, Harsh from EPNS explained how a decentralized notifications protocol works in a way that is chain agnostic, platform independent and incentivized, and how it generate network effects and creates a balanced situation for all parties involved in the ecosystem, be it users, services, wallet providers, or token holders.

Contact us

Session hosted by:

Yingzi Yuan / https://www.linkedin.com/in/yuanyingzi/

Categories
Metaverse Blog Metaverse Good Read Metaverse News

[Metaverse Good Read] Neal Stephenson’s Metaverse Moonshot – LAMINA1

 

  • Technology Roadmap 
  • Mission
    To deliver a Layer 1 blockchain, interoperating tools & decentralized services optimized for the Open Metaverse –– providing communities with infrastructure, not gatekeepers to build a more immersive internet.

  • Belief
  • The Metaverse represents the evolution of our lives online –– graduation to rich 2D and 3D worlds in which we fluidly create, explore, socialize and transact. As we usher in this bold new era of content creation and participation, we must revisit the centralized business models of Web2 to empower creators and consumers with greater agency, ownership and privacy. A creative community that is free to innovate and transact will give rise to a thriving economy. Lamina1 delivers critical infrastructure to enable the trillion-dollar economy of the Open Metaverse.
  • Context
  • “Inexorable economic forces drive investors to pay artists as little as possible while steering their creative output in the directions that involve the least financial risk.” –– Neal Stephenson
  • Web2 introduced a period of rapid innovation and unprecedented access to entertainment, information and goods on a global scale. Streamlined tools and usability brought creators and innovators to the web en masse to build digital storefronts, engage and transact with their customers.
    Owning and controlling that growing ecosystem of content and personal data became a primary, lucrative initiative for major corporations. Consumer behavior, recorded on centralized company servers,
     

Open Metaverse with a multi-pronged approach: 

 

  1. Layer1Blockchain
  2. Metaverse-as-a-Service(MaaS)
  3. CommunityEconomicParticipationandIncentives
  4. OriginalContent
Layer1 Blockchain 

  1. ●  Open Metaverse Data

  2. ●  Carbon Token Staking

  3. ●  Cross-chain Integration

  4. ●  High-scale Payments

  5. ●  OpenID Connect

●  EVM Quality of Life Improvements

Metaverse-as-a-Service Stack

Lamina1 will foster –– with heavy participation from the ecosystem –– the creation of a set of interoperating decentralized services to support virtual worlds, i.e. Metaverse-as-a-Service (”MaaS”).

Our mission is to be the rallying point for an ecosystem of open source tools, open standards and enabling technologies conceived and co-developed with a community of creators.

MaaS and ecosystem technologies will ideally be enhancements to/integrations of existing open source solutions, and/or directly provided by third parties. However, our technical team will be involved in the early launch stages to identify best-in-class tech and tools, highlight key technical areas for innovation and close critical feature gaps — possibly creating spatial technology and tools needed to get the job done — demonstrating leadership and vision toward building the Open Metaverse. That said, we will only build what is absolutely required.

  • Storage Layer

  • World State & Persistence

    Cloud & Hybrid Rendering

LAMINA1 Whitepaper
Categories
Announcement Metaverse Blog

Metaverse Summit Set to Become World’s Largest Metaverse Convention

Metaverse Summit, International Convention Highlighting Avant-garde Innovation and Creativity around Metaverse

Paris, France — March 31st, 2022. Metaverse Summit has announced its official event dates for its 2022 edition during July 16-17th.

Metaverse Summit is an International Convention Celebrating Technology and Creativity around Metaverse. Metaverse Summit gathers leading metaverse entrepreneurs, builders, investors and experts to explore and build the future of metaverse together. 

Metaverse Summit community’s core value is through sharing and transmitting knowledge, which is the most sustainable way to develop a decentralized and fertile future of metaverse. Metaverse Summit is aiming to build a bridge between Web 2 and Web 3, and help individuals and companies to define their positioning and strategy in the future of technology.

Since its creation, Metaverse Summit has gathered more than 10 000 community members from across the world, with events being held in Paris, Madrid, Barcelona, Denver, Dubai, Shanghai, Los Angeles and more to come. 

Yingzi Yuan, Founder of Metaverse Summit commented: “We are honored to host the world’s biggest Metaverse convention and festival in Paris, featuring key speakers, media attendees and partners. Metaverse gained tremendous traction during the past years, and are expected to see continuous growth in the upcoming years and beyond. We are here to facilitate the growth of different stakeholders in the industry, to help brands, startups, corporates find their place and strategy regarding metaverse.”

Metaverse Summit’s flagship event this year is a two-day festival during 16-17 July 2022 in Paris. The two day event will be a unique moment for the international community to meet in person, discover new synergies, and develop projects. With discovery and education highlighted as two goals, Metaverse Summit will provide a dedicated space for novices and veterans alike to learn from seasoned experts and foster connections within the worlds of technology, creativity and art. Bringing together enterprise and brands, developers, entrepreneurs, gamers, artists, investors, the event will enable unparalleled networking opportunities, providing greater insight into the projects, companies and talents that underpin the growth of the metaverse and its business opportunities. 

Metaverse Summit will launch NFT ticketing, building the world’s biggest Metaverse DAO and community. “Through NFT ticketing, we aim to consolidate the community of high-profile and highly engaged builders, investors, experts, leveraging the utility NFT to allow community members to participate in our future exclusive events, masterclass, workshops, and even early-stage investment opportunity in the metaverse sector.” said Yingzi Yuan, Founder of Metaverse Summit.

Presenting a complete mapping of the metaverse sector across Technology, culture, social and entertainment, Metaverse Summit includes four main tracks for its conference, exhibition and showcase: 

  • SOCIAL & DIGITAL IDENTITY: Explore creator economy based social worlds. Create, socialize, and participate in a wide variety of new experiences.
  • WEB3 & DECENTRALISATION: Get acquainted with new forms of ownership and how to create, store, sale, protect and manage metaverse assets.
  • GAMING & REAL-TIME 3D: Learn how to establish persistent, real-time connections in immersive digital and three-dimensional environments.
  • MIXED REALITY & VIRTUAL WORLD: Merge real and virtual worlds to produce new environments in real time. Explore AR, VR, and other formats.

More than 200 key industry leaders are confirmed to speak at the Metaverse Summit conference including Sébastien Borget, COO and Co-Founder of Sandbox and President of the Blockchain Game Alliance; Julien Bouteloup, Founder of Blackpool Finance, Stake DAO & Stake Capital; Alan Smithson from MetaVRse; Hrish Lotlikar, Co-Founder & CEO of SuperWorld; Marco Demiroz from The VR Fund etc. Yingzi Yuan, Founder at Metaverse Summit is available for interviews.

About Metaverse Summit

Metaverse Summit gathers entrepreneurs, builders, investors and experts to explore and build the future of metaverse together.  Metaverse Summit is set to explore and build the future of metaverse together. It gathers builders, entrepreneurs, investors and experts from Blockchain, 3D, real-time technology, fashion, art, virtual worlds, social and digital Iidentity, gaming, VR/AR, web3 and beyond. The 2-days event during July 16-17 2022 is a unique moment for the international community to meet in person, create new synergies, and develop projects. We believe that sharing and transmitting knowledge is the most sustainable way to develop the decentralized, fertile future of Metaverse. To learn more, please visit: www.metaverse-summit.org.

Media Contact:

media@metaverse-summit.org

Categories
Metaverse Summit Roadshow

[Metaverse Summit] Web3 Foundation & Polkadot Roadmap and Vision with Joe Petrowski

[Metaverse Summit] Metaverse Identity and Ownership: Legal and Compliance Panel

With the deployment of metaverse in our daily lives, there will be new opportunities for people and firms to extend their activities. At the same time, these activities touch various legal and compliance aspects. In this panel, we’ll focus on two topics : Identity and Ownership.

IDENTITY:

As the next generation of the Internet, the Metaverse should first have the function of carrying the effective identity of users. What are the different approaches and forms of digital identities in the metaverse? What would be the potential opportunities and risks of blockchain-based identity ecosystem? What would the future cross-metaverse decentralized identity ideally be like? (case and examples: ONCHAINID, Crucible)

OWNERSHIP:

The bearing function of user property refers to Metaverse’s recognition of user property ownership. How to judge that someone has ownership of something? Own a movable or immovable property?

Metaverse is not only a new form of entertainment, it will also have real world impact and functionality. How to bridge digital identity, virtual ownership and real-life? How can consumers be protected? (Utrust)

NFTs, IP ownership and Financial regulation:

In response to “right-clicker mentality” — how to balance the ‘perception of ownership’ and the true ‘on-chain ownership’ when it comes to virtual assets?

From a regulatory point of view, is it crucial to determine the nature of NFTs. eg. a means of access/proof of ownership (utility tokens) or rather be considered as securities (security tokens)? What’s the regulatory state of art and future of NFTs in these regards?

Although NFTs are not (yet) specifically regulated, what are the regulatory and compliance obligations that the businesses should take into account?

Contact us

Metaverse Identity and Ownership: Legal and Compliance Panel

00:00 intro of four panelists.

04:06 What are the different approaches and forms of digital identity in the metaverses?

11:15 What will be the trust metaverse identity regarding user data?

15:09 How to judge that someone has real ownership of something?

21:32 What is the regulatory state of the art?

29:22 What kind of elements should entrepreneurs take into consideration?

31:15 What type of legal framework is there for the current state of art decentralized autonomous organization?

38:38 How can we bridge the virtual world of virtual life with real life?

45:19 How can the user’s rights be protected in the current state of the art?

Categories
Metaverse Summit Roadshow

[Metaverse Summit] Web3 Foundation & Polkadot Roadmap and Vision with Joe Petrowski

Metaverse Summit Roadshow invited Joe Petrowski, Technical Integrations Lead at Web 3 Foundation to talk about Polkadot, Web 3, and beyond. In this episode you can learn about:!How to get more users into the Polkadot ecosystem? Why is Parachain important to be able to design a blockchain specific to a use case? How does Polkadot compare to other Blockchain Ecosystems (eg: Ethereum) right now? What are use cases for Polkadot regarding “Metaverse”. What is the recent experience with governance on Polkadot?

00:00 intro

01:07 How did a pro cyclist of a web-free foundation build the internet of the future?

03:37 Where is the whole blockchain space if something is legit?

07:08 How did you personally get into the web3 foundation and Polkadot?

14:13 Where do you have one major blockchain?

20:44 What’s your vision in the recent future and the long term?

29:18 What is the experience with the governance in web3 foundations?

36:18 What’s gonna happen in 2.0?

38:32 How does everything translate if going back to the metaverse?

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Web3 Foundation & Polkadot Roadmap and Vision with Joe Petrowski

Listen to the Podcast

Categories
Metaverse Blog Metaverse News

[Metaverse News] Coinbase : 10 Predictions for Web3 and the Cryptoeconomy for 2022

Coinbase published a prediction of 2022. It has mentioned the potential of NFT , DAO, end of march of web2 companies towards Web3. This article is originally published here, By Surojit Chatterjee, Chief Product Officer

2021 proved to be a breakout year for crypto with BTC price gaining almost 70% yoy, Defi hitting $150B in value locked, and NFTs emerging as a new category. Here’s my view through the crystal ball into 2022 and what it holds for our industry:

1. Eth scalability will improve, but newer L1 chains will see substantial growth — As we welcome the next hundred million users to crypto and Web3, scalability challenges for Eth are likely to grow. I am optimistic about improvements in Eth scalability with the emergence of Eth2 and many L2 rollups. Traction of Solana, Avalanche and other L1 chains shows that we’ll live in a multi-chain world in the future. We’re also going to see newer L1 chains emerge that focus on specific use cases such as gaming or social media.

2. There will be significant usability improvements in L1-L2 bridges — As more L1 networks gain traction and L2s become bigger, our industry will desperately seek improvements in speed and usability of cross-L1 and L1-L2 bridges. We’re likely to see interesting developments in usability of bridges in the coming year.

3. Zero knowledge proof technology will get increased traction — 2021 saw protocols like ZkSync and Starknet beginning to get traction. As L1 chains get clogged with increased usage, ZK-rollup technology will attract both investor and user attention. We’ll see new privacy-centric use cases emerge, including privacy-safe applications, and gaming models that have privacy built into the core. This may also bring in more regulator attention to crypto as KYC/AML could be a real challenge in privacy centric networks.

4. Regulated Defi and emergence of on-chain KYC attestation — Many Defi protocols will embrace regulation and will create separate KYC user pools. Decentralized identity and on-chain KYC attestation services will play key roles in connecting users’ real identity with Defi wallet endpoints. We’ll see more acceptance of ENS type addresses, and new systems from cross chain name resolution will emerge.

5. Institutions will play a much bigger role in Defi participation — Institutions are increasingly interested in participating in Defi. For starters, institutions are attracted to higher than average interest-based returns compared to traditional financial products. Also, cost reduction in providing financial services using Defi opens up interesting opportunities for institutions. However, they are still hesitant to participate in Defi. Institutions want to confirm that they are only transacting with known counterparties that have completed a KYC process. Growth of regulated Defi and on-chain KYC attestation will help institutions gain confidence in Defi.

6. Defi insurance will emerge — As Defi proliferates, it also becomes the target of security hacks. According to London-based firm Elliptic, total value lost by Defi exploits in 2021 totaled over $10B. To protect users from hacks, viable insurance protocols guaranteeing users’ funds against security breaches will emerge in 2022.

7. NFT Based Communities will give material competition to Web 2.0 social networks — NFTs will continue to expand in how they are perceived. We’ll see creator tokens or fan tokens take more of a first class seat. NFTs will become the next evolution of users’ digital identity and passport to the metaverse. Users will come together in small and diverse communities based on types of NFTs they own. User created metaverses will be the future of social networks and will start threatening the advertising driven centralized versions of social networks of today.

8. Brands will start actively participating in the metaverse and NFTs — Many brands are realizing that NFTs are great vehicles for brand marketing and establishing brand loyalty. Coca-Cola, Campbell’s, Dolce & Gabbana and Charmin released NFT collectibles in 2021. Adidas recently launched a new metaverse project with Bored Ape Yacht Club. We’re likely to see more interesting brand marketing initiatives using NFTs. NFTs and the metaverse will become the new Instagram for brands. And just like on Instagram, many brands may start as NFT native. We’ll also see many more celebrities jumping in the bandwagon and using NFTs to enhance their personal brand.

9. Web2 companies will wake up and will try to get into Web3 — We’re already seeing this with Facebook trying to recast itself as a Web3 company. We’re likely to see other big Web2 companies dipping their toes into Web3 and metaverse in 2022. However, many of them are likely to create centralized and closed network versions of the metaverse.

10. Time for DAO 2.0 — We’ll see DAOs become more mature and mainstream. More people will join DAOs, prompting a change in definition of employment — never receiving a formal offer letter, accepting tokens instead of or along with fixed salaries, and working in multiple DAO projects at the same time. DAOs will also confront new challenges in terms of figuring out how to do M&A, run payroll and benefits, and coordinate activities in larger and larger organizations. We’ll see a plethora of tools emerge to help DAOs execute with efficiency. Many DAOs will also figure out how to interact with traditional Web2 companies. We’re likely to see regulators taking more interest in DAOs and make an attempt to educate themselves on how DAOs work.

Thanks to our customers and the ecosystem for an incredible 2021. Looking forward to another year of building the foundations for Web3. Wagmi.