Understanding Web3.0 and its Interesting Projects

I. What is Web3.0

Web1.0 is the Internet in the desktop computer era. Users are almost being fed with content provided by website operators. Users receive information passively, and the experience is more like content viewing only.

Web2.0 is the second generation of the Internet. Users are in an interactive mode. Especially with the birth of mobile Internet on the mobile terminal, users are allowed to interact with the platform. Users can participate in content output. At this stage, the amount of information on the Internet has increased explosively, but data ownership is still in the hands of the platform.

Web3. 0 is the third generation of the Internet. Users can really have data privacy and usage rights. Whether it’s Web1.0 or Web2.0, both rely too much on “information intermediaries,” mainly on application-level platforms, such as Twitter, Facebook, and other centralized servers, which often lead to negative problems such as user privacy leaks. Web3.0, combined with blockchain technology, has the characteristics of trustless, decentralization, and anti-censorship. It can bring privacy protection and anti-monopoly to the network and create more secure and lasting network services.

II. The Meaning of Web3.0 for Users

From Web1.0 read-only webpages, network, and portal sites to Web2.0 social networks and from passively receiving information to self-publishing posts to communicate with other users, the Internet has undergone a qualitative leap. Looking back at Web2.0, while users can participate in content output and interaction, data and content are held by centralized platforms. There is a risk of data leakage; Data silos are formed between platforms and cannot be exchanged. Users may also face penalties such as account freezing and content deletion. Many content creators cannot participate and reap the benefits with centralized platforms and might even encounter copyright disputes.

Combining blockchain technology on top of Web2.0 ushered in the Web3.0 era, Web3.0 can return data and the benefits of this data to the individual. The private key is in the user’s own hands, and the user can protect it or choose to sell it for some returns. Web2.0 offers users unlimited possibilities without freely returning data to users, while Web3 greatly increases their freedom. This freedom is not the freedom to do whatever the user wants to do, but the freedom not to do anything if they don’t want to.

III. What Are the Interesting Web3.0 Projects?

According to the Web3.0 sector, there are several representative projects. Most of which can be directly traded on MEXC Global.

Storage and Data Infrastructure

FIL (InterPlanetary File System): It is a global, peer-to-peer distributed interplanetary document system. The goal is to supplement or even replace the Hypertext Transfer Protocol (HTTP), which currently dominates the Internet, and connect all computing devices with the same document system. FIL currently ranks first in the market cap in the storage sector.

AR (Arweave): It is a new blockchain storage platform that aims to overcome the problems of scalability, data availability, and cost in blockchain data storage space. AR is currently one of the preferred storage methods for NFT/Web3.0 projects.

GRT (The Graph): It is an indexing protocol for decentralized applications, allowing developers to efficiently access blockchain data.

Privacy

MINA (Mina): It is the first cryptocurrency protocol with a succinct blockchain. It is a new digital currency that compresses blockchain data to a fixed byte size through zero-knowledge proofs. At present, it is the lightest and most succinct blockchain, with a network size of only 22KB.

SCRT (Secret Network): It is an interoperable blockchain infrastructure that allows private computing within a universal smart contract. SCRT is currently the most mature privacy blockchain in the ecosystem.

Application Field

ENS: It is a distributed, open and extensible naming system based on Ethereum. In fact, it is a decentralized domain name system.

LIT (Litentry): It is a cross-chain decentralized identity aggregation protocol with a decentralized identity (DID) indexing mechanism and credit computing network based on Substrate.

BRIGHT (Bright Union): It is a multi-chain DeFi insurance aggregator, which allows users to easily protect their funds from hackers.

BAT (Basic Attention Token): A digital asset for circulation between advertisers and users found by Brendan EICH, founder of JavaScript and co-founder of Mozilla and Firefox browser, to solve the problems of advertisement display and user incentives in browsers.

OCEAN: It is a decentralized data exchange protocol designed to unlock data and provide more fair results for data users.

RAD (Radicle): It is a decentralized P2P code collaboration protocol, which aims to propose a new code collaboration infrastructure without intermediaries and with minimal trust and security. It is commonly called the decentralized GitHub.

Competitive Platform For Creators

TopDJ: The first marketplace and virtual world platform for the music and entertainment industry

CHZ (Chilliz): It is a fan token platform focusing on sports.

WRITE (Mirror xyz): It is a decentralized content publishing platform based on Ethereum

DAO Tools

ANT (Aragon): It is a long-standing DAO service provider designed to create an ecosystem where any organization, entrepreneur, and investor can collaborate effectively and safely without technical vulnerabilities or malicious participants.

Snapshot: Decentralized voting and governance platform

GNO (GNOSIS safe): Multi-signature asset management tool

Syndicate: Decentralized protocol focusing on investing in DAO

Game Field

AXS (Axie Infinity): It is a digital pet world built-in Ethereum. Anyone can get token rewards through skillful game-playing methods and contributions to the ecosystem. AXS is currently the most popular game in P2E model.

SAND (The Sandbox): It is a virtual game world based on Ethereum. Players can establish and have different game experiences and get benefits from them. Sand is currently a virtual reality game with strong gaming attributes.

ALICE (My Neighbor Alice): It is a multiplayer creation game. Anyone can buy and own virtual land, collect and build items and make new friends. Alice is currently a famous game on the Binance Smart Chain.

MANA (Decentraland): It is a distributed shared virtual platform based on Ethereum. Users can browse and discover content on this platform and interact with others. Mana is also a virtual reality game with a long history.

ILV (Illuvium): It is a decentralized NFT collection, monster fighting, and leveling game based on Ethereum.

Gaming Public Chains/Sidechains

FLOW (Flow): It is a fast, decentralized, and developer-friendly blockchain that empowers a new generation of games, applications, and digital assets. Flow is also a public chain specially created for games.

IMX (Immutable X): A Layer2 solution of the current game projects on Ethereum, with real-time transaction and large-scale scalability.

EFI (Efinity): It is ENJ’s NFT public chain based on Polkadot

CHR: The public chain used by many games on the Binance Smart Chain

RON: Gaming sidechain launched by AXIE

Social Field

MASK (Mask Network): It is a social finance platform that can help users better and seamlessly transition from Web2.0 to Web3.0

RSS3 (RSS3): It is a decentralized content and social protocol designed to support efficient and decentralized information distribution. It is like RSS for the Web3.0 era.

Argent: Decentralized social wallet

DESO: Decentralized social platform

Representative Dao

GG (Yield Guild Games): It is an NFT metaverse gaming guild project based on blockchain. At present, it is also the most famous gaming association in the blockchain.

BIT (BitDAO): It is a decentralized organization initiated by Bybit and one of the largest DAOs in the world.

FWB (Friend With Benefits): A combined on-chain and off-chain social DAO invested in by a16z

BANK (Bankless): DAO Famous Media DAO

Index

NFTX- NFT index funds on Ethereum

MVI- Metaverse Index

Note: the information is only for sharing purposes and does not constitute any investment advice. Please always pay attention to any risks in the market.

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