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Web3Net as a revolution: April abstracts from the participants of the ATH conference

Forklog / 24.05.2024 / 06:17
Web3Net as a revolution: April abstracts from the participants of the ATH conference

Is Web3Net the next iteration of the Internet? What the network of the future will look like and what will change for users and entrepreneurs with its arrival, the participants of the All Time Half conference tell.

https://youtu.be/1pPGqwV3dnk

Web3Net, Mass adoption and Startup problems

Abstracts of Web3 entrepreneur Vladimir Menascop

Web3Net is three things

The economy of action instead of the economy of services. When you get a coin for some action, useful or useless.transactional reputation instead of subject reputation. In Web3Net, it's what I do that matters, not who I am. Even if I'm a ChatGPT -- what difference does it make if I'm doing what you need. From the point of view of technology, Web3 is a blockchain, zero—knowledge proof and programmable assets.

Mass adoption should begin with a mental rewiring

There is a claim that the crypt is not ready for mass adoption - the blockchain trilemma and other technical difficulties have been sucked from all sides. But, as practice shows, technically everything is ready and working. Exactly the opposite is true: the masses are not ready for what Web3 offers them, because it destroys the consumerist template. People are used to pressing the magic button.

Web3 is different for everyone

Web3 is a decentralized computer that everyone rebuilds to fit their needs. My version of the computer will look completely different from that of a person who has just started using the blockchain.

Maximalists do not understand decentralization

In a decentralized environment, there are a lot of maximalists of individual blockchains — Cardano, Ton, bitcoin and others. But decentralization does not imply maximalism at all — either you support decentralization or you are a maximalist. You can be a maximalist of decentralization.

Mass adoption is a risk

With the arrival of the mass user, the pressure on the legacy systems sector will increase.

Oddly enough, meme coins are Web3

Notcoin is a Web3 project for two reasons: it has a monetized action and incomplete, but decentralizing. The problem with meme tokens is that they don't offer anything new. These coins are a rejection of innovation within Web 3.0.

Startups don't have to chase a large audience

Startups find it easier to train a large mass at once, and invest in marketing. But the effectiveness of marketing per unit of attraction tends to zero. Therefore, startups do not survive the crypto winter. If you were able to teach 100 people how to use your product, then you can think about scaling. Bitcoin started with 100 people.

Beautiful presentations are important only during fundraising

The form is good, but there must be a meaningful feature. This is clearly seen in the example of decentralized social networks — they do not add anything to what is in existing products.

You can't be careless about choosing a network

Many startups are not tied to the tokenomics of the blockchain on which it will be deployed. This is a disastrous approach.

The Network of the Future is a paradigm shift

Theses of the philosopher Alexander Boldachev

Web 3.0 is not a new term

It originated in 2007, and then there were several interpretations of it. Someone thought it would be the Internet for professionals, someone talked about the Internet of Things, and Tim Berners-Lee talked about the semantic web. It was assumed that the semantic markup would be done by the site owners, but there were big problems with the technical implementation, and the idea did not catch on.

Semantics, blockchain, language models — the future of Web3

I am currently working on creating a network that I think is the next generation of the Internet. And I single out three ideological grounds for it: 

semantics — unification and standardization of data exchange, network clustering, semantically described business models;blockchain is an automatic trust management system;language models that help put it all together.

I would add that the goal is to create an Internet centered around the user — a transition from a "site-centric" ideology, where information is posted on sites created by unknown people, to a "user-centric" one, when everything happens on the user's side.

Web3 is not just an evolution

All new technological solutions are superimposed on top of existing networks. But what awaits us in the future is a global transition taking place at the level of evolutionary platforms. The same importance as the transition from a biological system to a social one. We are moving into a post-social world, and it will be based on a global network.

What is Web3Net like?

Abstracts by Sergey Simonovsky (Citizen Web3)

Web3 is like the Houthis

Everyone has heard about the boys in slippers. This is Web3. And not only them: you don't have a credit history in the country, you go to the "normal guys", they make sure that you behaved normally in front of other guys and they give you a loan. And then you can pay off the debt in another country to the same normal guys.

Web3 does not exist yet

There is a so—called Web3 - it's a bunch of all sorts of bridges that connect Web2 technologies. But the problem is not even in technology, but in values. Or rather, in their absence. Everyone has been talking about Farcaster recently, but what kind of Web3 is it when you need to enter your email and pay with a bank card?

It is easy to distinguish Web 2.0 from Web3

There is a basic criterion, it is very simple: if there is a registration form with a username and password, it is not Web3.

Web3Net and the future of social networks

Theses of the founders of Subsocial Oleh Mell and Alex Seaman

Decentralized social networks are not in demand right now

There is such a thing as a habit. People are used to Twitter, Instagram, Tik Tok. These products have been developing for decades, they are perfectly polished.

Existing platforms are not interested in Web3

Web3 implies data openness by default: anyone can connect to your blockchain and smart contract. You can create alternative interfaces and analyze data. Platforms are not interested in this, because their data is their money, the basis of their business. This is the main conflict of interest between Web3 and Web2.

New mechanics are needed for Web3 social networks

A number of interesting experiments are already underway: there are just tips in the crypt for posts, there is a staking mechanic when you like based on steaks, and this rewards content creators, paid subscriptions in the crypt. The list can be long.

The experiment is the basis of Web3

Everything is raw, startups are playing, trying new mechanics. It will be good if one out of ten shoots. With each wave of innovation, new products appear, some of them survive, some are spinning, some disappear. This is an iterative process, and we do not yet know the form we will come to. Most likely, there will be several of these forms.

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