In my opinion, it should have three characteristics:

The first is that everyone has their own digital identity. In the Web3 world, your identity consists of a "key pair, " the wallet. Here, the only prerequisite for controlling your identity or wallet is that you must hold With the "private key," or mnemonic, in that key pair; the best way to protect it at the moment is to write it by hand and physically store it in the safest place in the real world. When you have the private key, you can prove to anyone that you have the "public key" associated with it, that is, your public identity,or your wallet address! With this identity, you will no longer need to register accounts to use different apps repeatedly, and you will not need to rely on them to prove that you are yourself. Other users can also encrypt information that only you can decrypt and read without communicating with you, and publish that encrypted information publicly that only you can decrypt those messages; at the same time, you can also put your signatures on any message, such as online voting or signing contracts, etc.! Although these may be very similar to the Twitter login and Youtube login we usually use, the only difference is that we really use "you" to log in this time.

The second is storage. Everyone will have their “Owner Oline Device” (OOD) to  serve you exclusively to store the data generated by your various applications. In the Web3 era, it is not only your private cloud but also your exclusive data steward and your private server. It will become the core infrastructure of Web3. It could store your "memories" when it was "born", instead of our data being held on the cloud services of big Internet manufacturers, making us entirely controlled by them, and only seeing what they want us to see. These data, such as photos, videos, documents in the physical world, and avatars, game items, skins, etc. in the virtual world, will be tied to your digital identity.  At the same time, it will also manage all our smart devices in a unified way. This will ensure that all your data is no longer stored on one company's servers and that you are constantly communicating with your own device, providing the information source is trustworthy and reliable!

The last is the transmission and distribution of value. Web2 mainly solves the transmission of information, but it cannot fundamentally realize the circulation of value, so it must rely on Internet giants to distribute value, which leads to the phenomenon of "corruption" in the real world. In the Web3 era, any content including words, pictures, text, voice, etc. is an independent digital account, which is bound to the digital identity of the original author. The dissemination process of the content itself is the process of value transmission, and the quality of the content determines the value; each user is both a consumer and a value creator, and each dissemination may bring more benefits to the original author. So how to solve the problem of value distribution? That is DAO, decentralized autonomous organization. In a DAO, everyone will have the opportunity to become the organization's manager and participate in the governance and decision-making of the organization, provided that they hold a certain amount of Tokens. The DAO organization's strength will determine the token's value, just like stocks. Since the members of the DAO organization are all holders of the Token, it is in everyone's common interest to increase the value the organization provides to its members. A positive circle can be formed so that the DAO organization can go further and longer.

At present, everyone is actively discussing Web3 and even participating in it. CYFS has completed all the underlying development work and is open source on Github, Ethereum is at a critical moment of a merger, Solana announced that it would launch Saga mobile phones, etc., I believe that in the next few years There will be countless experiments to verify the feasibility of Web3, and it is undeniable that these infrastructures and technologies will together build a world by protocols.

No technology can have more potential than coordinating people's actions towards a common goal, this is the most extraordinary charm of Web3! We are discussing Web3 now as we were discussing Web2 twenty years ago. Disruption and turmoil usually signify that technology is on the rising curve and is ready to enter the stage of history. during which the bubble and the fake Web3 projects will be washed out; real success belongs to the Web3 projects with real value. As we approach a world that is more and more controlled by technology, we need to maintain a clear mind and the ability to think independently, not become a slave to technology!

This is a brand new future; we don't know how long it will take, but it always needs someone to push the wheel of history, say inappropriate words, and fight against those seemingly unshakable behemoths! Bread is important,  convenience is important, but we cannot give up the right to think for this moment's convenience! The entire Internet has only been born for only 50 years, but the whole human history has been radical changed by it. I am curious and full of expectations for the next generation of the Web. After another 50 years of development, what will the world be like?  Although it is still unknown, it must undoubtedly be an world that users can truly own!

All right, that's it for this tody. I'm Frederic, a creator who has independent thoughts on the future of Web. If you are satisfied with the video content, I hope you can like, subscribe, and share it. If you want to know more about the future Web or you want to discuss the content; please leave a message in the comment area; thank you very much, and see you next time.

After years of waiting, Ethereum is finally ready to become a full-fledged proof-of-stake (PoS) blockchain. Apart from ethereum (ETH), the native token of ethereum, the valuations of several other tokens not only benefit greatly, but may also continue to outperform ETH after the merger.

Ethereum one step closer to merger

The leading smart contract platform completed the last of its three public testnets called "Goerli" on August 11. As such, there should be no delay in the Ethereum “merger”, which is expected to go live on September 19.

Ether prices rose 8% to around $2,000 following the Goerli update, the highest level in more than two months. Meanwhile, certain cryptoassets that could benefit from a successful merger are on the upswing, surpassing even ETH in the past month.

Will these coins continue to outperform ETH prices in September? Let's take a closer look.

Lido Road (LDO)

The merger will replace Ethereum’s army of miners with validators who will be required to contribute 32 ETH as a financial benefit.

This major staking requirement opens up opportunities for intermediaries, platforms that collect ether from underfunded stakers and pool the proceeds to become validators on the Ethereum blockchain. Lido DAO is one of them.

Lido DAO is the leading staking service for value locked in Merge's official smart contracts. Notably, it has staked 4.15 million ETH in the so-called ETH 2.0 contract, ahead of Coinbase, which has about 1 million staking. 1.55 million ETH on behalf of its clients.

A successful merger may increase demand for Lido DAO services.

In turn, it could be bullish on the platform's official governance token, LDO, which has surged more than 200% in value since Ethereum first announced the possibility of a PoS chain on July 14.

As such, LDO is one of the major crypto assets that could benefit the most from a successful transition from Ethereum to POS.

Ethereum Classic (ETC)

Ethereum Classic (ETC) is another asset that has attracted the attention of bulls in recent weeks. This is mainly due to its potential to provide a safe haven for miners who exit the Ethereum network.

Since Ethereum Classic is a split chain from a controversial hard fork in 2016, it exhibits nearly all the technical qualities of the current PoW Ethereum network, making it a natural refuge for ETH miners.

Like LDO, ETC is up more than 200% since the July 14 announcement of Ethereum’s merger. Therefore, it has a high probability of continuing to rise before and after the merger.

optimistic (OP)

Optimism is an Ethereum aggregation service. In other words, it aggregates large amounts of off-chain transaction data into batches and publishes the results back to the Ethereum mainnet when consensus is reached.

So-called layer-2 solutions could benefit from a “rollup-centric roadmap” for the merged ethereum. Interestingly, Optimism’s governance token, OP, has risen nearly 250% since the Merge release date announcement.

The prospect of a merged Ethereum deploying Optimism on its network could be a bullish catalyst for OP prices.

If you have any altcoins that you do not understand or are uncertain about the currency circle, please send a private message or leave a message, and we will learn and communicate together.

Bitcoin (BTC) may be bottoming out after a 25% rally, according to several market signals.

If you don’t understand or are uncertain about altcoins in the currency circle, if you also want to cross the bulls and bears, watch others sink to the bottom in the bear market, double your income, and get rid of the shackles of bulls and bears, then follow me.

The price of BTC has risen about 25% after falling to around $17,500 on June 18. From the November 2021 high of $69,000, the price of BTC has seen an upside retracement after a 75% correction.

However, the recovery appears to be tepid and bears ongoing risks due to prevailing macroeconomic headwinds (rate hikes, inflation, etc.) and the collapse of many well-known crypto firms (e.g. Three Arrows, Terra, etc.).

But some widely tracked indicators paint a different scenario, suggesting that bitcoin has little downside prospects from current price levels.

That big "oversold" rally

The first sign of a macro bottom for Bitcoin came from its weekly Relative Strength Index (RSI).

Notably, BTC’s weekly RSI became “oversold” after falling below 30 for the week of June 13. This is the first time the RSI has slipped into oversold territory since December 2018. Interestingly, Bitcoin ended the same month with a bear market rally that rose more than 340% over the next six months to $14,000.

In another example, Bitcoin’s weekly RSI fell to 30 (if not below) during the week beginning March 9, 2020. This also coincided with the price of BTC bottoming below $4,000 before rallying to $69,000 in November 2021, as shown below.

Bitcoin prices have seen a similar rally since June 18, opening the door for a possible repeat of the history of parabolic rallies following an “oversold” RSI signal.

Bitcoin NUPL jumps above zero

Another sign of a potential Bitcoin macro bottom comes from its Unrealized Net Profit and Loss (NUPL) metric.

NUPL is the difference between market capitalization and realized market capitalization divided by market capitalization. It is expressed as a ratio, where a reading above zero means the investor has made a profit. The higher the number, the more profit the investor can make.

On July 21, Bitcoin NUPL climbed above zero as the price fluctuated around $22,000. Historically, this reversal has been accompanied by major BTC price increases. The chart below illustrates the same situation.

Mining profitability

The third sign that Bitcoin is forming a macro bottom comes from another on-chain indicator called the Puell Multiple.

Puell Multiple examines the profitability of the mining industry and its impact on market prices. The indicator does this by measuring the ratio of the daily coin issuance (in USD) to the 365-day moving average of the daily coin issuance (in USD).

A strong Puell Multiple reading shows higher mining profitability compared to the yearly average, suggesting miners will liquidate their Bitcoin funds to maximize revenue. Therefore, higher Puell multiples are known for being consistent with macro tops.

Conversely, a lower Puell multiple reading means that miners are currently less profitable than the annual average.

As a result, rigs that generate break-even or sub-zero income from Bitcoin mining risk shutting down, ceding market share to more competitive miners. Historically, expelling weaker miners from the Bitcoin network has reduced selling pressure.

Interestingly, the Puelle Multiple reading as of July 25 is in the green box, similar to the levels observed during the March 2020 crash and the price bottoms in 2018 and 2015.

If you don't understand or have certain altcoins in the currency circle, if you also want to cross the bulls and bears, watch others sink to the bottom in the bear market, double your income, and get rid of the shackles of bulls and bears, then follow me!

Since June this year, the two blockchain giants Solana and Polygon have also launched their exploration of Web3 mobile phones.

An industry insider said: At present, most of Web3's products are displayed on the computer webpage. If Web3 wants to break the circle again, "occupying" the mobile terminal has become an inevitable choice.

By definition, Web3 companies are also Internet companies, but compared with traditional Internet companies, they have one obvious feature: they are constantly trying to decentralize things, and step by step control over data and finance from the Federal Reserve ( Central banks and financial institutions), Apple (large technology companies), Tencent (Internet companies) and other big platforms to take them back to the public. In the process of realizing "financial democratization" and "data democratization", most of them inevitably become a semi-centralized and semi-decentralized organization in order to acquire users.

At present, some excellent Web3 companies (including encryption, Defi, NFT, etc.) already have millions, tens of millions or even over 100 million users. For example, StepN has more than 3 million users, Metamask has more than 30 million users, and Binance has more than 120 million users. Although Web3 still has a long way to go to match the number of users of traditional Internet companies, these products have shown the same explosive speed as Internet companies. The number of users of a popular product can be achieved in just a few months. Breaking one million or even ten million.

For a number of mobile phone manufacturers, Apple, which has a market value of 3 trillion US dollars and sits on the "top spot" of global technology companies, is "stable as a mountain" in terms of hardware, operating system and APP ecology. They want to overtake in corners , Web3, which has more than one million DApps (decentralized APPs) in advance, seems to have become a good choice. And Web3 builds a whole set of ecosystem from software to hardware that tries to rival Apple's, which also makes mobile phone manufacturers smell new opportunities.

People in the besieged city want to go out, and people outside the besieged city want to come in. The gate of Web3 mobile phone is being slowly opened by people inside and outside the wall.

People outside the besieged city "want to come in"

Web3 is like a city where a gold mine has just been dug up, and people outside the city are very coveted.

These outsiders can be roughly divided into many large circles, such as the Internet circle, including Meta, Google, Amazon, Twitter, etc.; the banking circle, including JPMorgan Chase, Unibanco (the largest private bank in Brazil), Bank of New York Mellon, etc.; the investment circle , including Sequoia Capital, SIG, A16Z, etc.; sportswear circle, including Nike, Adidas, Puma, etc.; news circle, including Wall Street Journal, New York Times, South China Morning Post, the largest English-language newspaper in Hong Kong, etc.; luxury goods circle, automobile circle, sports circle , film and television circles... These people outside the city all want to do something to create revenue and value through Web3.

The mobile phone circle, as one of the circles that can most influence the development of Web3, has attracted the attention of many people inside and outside the industry because of the constant news in the past two months. Among them, four mobile phone manufacturers, Huawei, Samsung, HTC, and Nothing, have launched their exploration of Web3.

HTC and Nothing, have announced the launch of new Web3 phones in the second half of this year.

In June 2022, HTC released a new version of its Web3 phone, which facilitates the management of cryptocurrencies and NFTs. The phone has a built-in encrypted hardware wallet where users can buy and store NFT assets on Ethereum and Polygon.

Different from the "encrypted mobile phone" launched in 2018, this time HTC not only has a built-in wallet, but also tried to provide users with a virtual space through NFT, and also tried the combination of various elements: encrypted currency + NFT + VR + mobile phone, to create a A metaverse phone with an immersive experience.

"NFT is the cornerstone of the Metaverse, and the non-homogenous characteristics of NFT make everything in the Metaverse, such as props, buildings, and characters unique, so that the virtual world has a more stable economic system, which can better satisfy human beings. Requirements for its immersive experience." An industry insider pointed out.

Nothing, is the "upstart" in the mobile phone circle. In July 2022, Nothing cooperated with the blockchain giant Polygon and officially launched the exploration of Web3.

“We want to shape a decentralized world that helps users take back control,” said Arjun Kalsy, VP of Growth at Polygon. "Every Apple and Android phone people use, they need to log in to a Google ID or an Apple ID. To some extent, Apple and Google have customers, and users don't have the right to choose data. People are used to being controlled by these two companies. ."

Nothing's idea may be simpler. This recently established company wants to break through in the mobile phone industry where Apple, Huawei, Samsung and other giants are full of giants. It needs to embrace the latest technology trends more actively to acquire users in subdivided fields.

Its wireless earphones, launched in 2021, support encrypted payments. Today, it further integrates Web3 into the mobile phone genes, hoping to seize the opportunity in the market that the giant has not yet laid out.

In the past two years, Web3 has made great progress, both in the basic layer and in the application layer, it has shown the potential to affect the mobile phone ecology and even the mobile Internet.

In terms of the application layer, DApps (decentralized APPs) have far exceeded 1 million, and products with millions or even tens of millions of users such as StepN and Metamask have been born; in terms of the basic layer, the Web3 wallet project (equivalent to App store) has exceeded 95, and the number of public chain projects (equivalent to Apple's IOS system) is as high as 127.

"In an inappropriate analogy, DApp is equivalent to the APP that people use now, wallet is equivalent to the App Store, and the public chain is equivalent to Apple's IOS system... Web3 is building a whole system to change or even subvert the current mobile Internet.” said a Crypto fund investor.

 However, the existing mobile phone system has formed a very "comfortable state" after more than ten years of development and APP, and there are always various frictions between DApp and the existing mobile phone system. "The current mobile phone system is not friendly to DApps (Web3 products), mobile phones do not support encryption frameworks, and some of the underlying infrastructure of DApps have not been established, and each replacement requires more costs." A Web3 entrepreneur express.

Nothing has deployed Web3 in advance, and also hopes to become an encryption-friendly mobile phone by adapting to the Web3 ecosystem in advance, and become the best choice for Web3 mobile phone users. Polygon said: "Through this cooperation, users will have easier access to DApps such as Game-fi, enabling easier payment and cryptographically secure identification functions, and more."

As a leader in international mobile phone brands, Huawei has also shown a lot of interest in Web3, whether in overseas teams or domestic teams.

In foreign countries, Huawei is also very "open". In May, Huawei tweeted an NFT called Caked Apes, which caused the base price of the series to soar. In addition, HUAWEI CLOUD also provides cloud services for Web3 games such as Ankots of Misteria and Revoland.

Huawei, Samsung, HTC, Nothing... More and more mobile phone manufacturers are beginning to pay attention to and explore Web3 mobile phones. However, whether Web3 mobile phones will become the future trend, the key factor is not them, but the aborigines of Web3.

Web3 giant 'wanted to get out'

The development history of Web3 is a process of breaking the circle again and again.

From the single currency (Bitcoin) at the beginning, to an independent financial system (Defi), and then to an economic system (NFT) that has more interaction with the real business world...Web3 continues to break through the circle , reaching more and more groups.

However, the breaking circle of Web3 has always been limited to the web side, and 99% of users are on the mobile side. Occupying the Web3 mobile terminal and making an influential Web3 mobile phone is the "signal event" for Web3 to truly break the circle.

In June 2022, Solana announced that it will officially make a Web3 high-end Android smartphone. On this phone, it will use its carefully designed software - Solana Mobile Stack (SMS). It not only smoothly adapts to Web3 mobile phones, so that every transaction is stored on the chain, but also creates a separate decentralized APP Store.

Solana Mobile hopes that each mobile phone will not only have an App Store, but also a DApp Store. In the former ecosystem, users can download apps such as Tencent and Alipay; in the latter ecosystem, users can download DApps such as StepN and Metamask.

Solana's phone is a true Web3 phone. Polygon has partnered with Nothing, but the phone is still called the Nothing phone, not the Polygon phone. Solana works with OSOM Products, but the phone is called the Solana phone.

This is a key difference.

The "Web3 Aborigines" finally have enough financial resources, technology and ecology to influence the world outside the besieged city. They have also become giants, and in the future, they may be able to "wrestle the wrench" with mainstream giants such as Huawei and Samsung.

"Unlike Ethereum, Ethereum hopes to become a purer decentralized organization. It is currently the most successful DAO, and the two blockchain giants Solana and Polygon are essentially improvements based on Ethereum. They are more inclined to expand outward, and they are more like a semi-centralized and semi-decentralized company.” said Ning Wentao, investment director of Glock Ventures.

When it comes to making Web3 mobile phones, if Huawei, Samsung, and HTC are still focusing on hardware services such as mobile phones, then Solana and Polygon are expanding around the core of Web3.

Solana's layout, from public chain, wallet, Dapp, to DApp Store, mobile software, and mobile phones, is shaping itself into a Web3 empire step by step. "In order to build a brand new mobile ecosystem, Solana Foundation has launched a special fund of 10 million US dollars to encourage the development of mobile DApps." Solana said on Twitter.

Solana's goal is to expand more users, it hopes that the software can not only be used by itself, but also can be used by Samsung, Google and other Android mobile phones. Anatoly Yakovenko, co-founder of Solana, said: If this software is adopted by major Android phones, people may witness the arrival of the next era of 1 billion Web3 users in the future.

Polygon also made similar remarks. They believe that Web3 mobile phones can make it easier for users to access DApps, make encrypted funds more secure, and encrypted payments more convenient, which will become the entrance of hundreds of millions of users in the future.

Centralized giants such as Samsung and HTC are trying to decentralize step by step in order to preempt future users. Decentralized giants such as Solana and Polygon choose partial centralization in order to reach more customers. They seem to have reached a consensus: the centralized world is dangerous and monopolistic, and decentralization brings more opportunities for innovators and more choices for users.

Two trends: Mobile first and APP-Chain

"The Web3 world is almost separated from the real world." A startup CEO sighed.

This shows people's general impression of Web3. This field not only has an independent economic system and technology tree, but even developed a language system that is difficult for outsiders to understand. It also shows the current dilemma of Web3 development: the circle calls each other comrades, and the enthusiasm is in full swing; the public is confused and turns a deaf ear.

However, this phenomenon is constantly changing. From the currency circle, to the financial circle, to the Internet circle, to various traditional industries... When people think that Web3 will perish, it always bursts with strong vitality. "Foreign cryptocurrencies are benchmarked against domestic digital RMB; foreign public chains are benchmarked against domestic consortium chains; foreign NFTs are benchmarked against domestic digital collections. Web3 has touched something essential in human nature, while oranges in Huainan are oranges. It may grow differently in each soil, but its vitality has always been there.” said an investor from a domestic Top 2 venture capital institution.

And where will the next big breakout be? AnchorDAO researcher Xie Guangwu believes: Mobile first, APP-Chain.

Previously, most of Web3's products were displayed in the form of web DAPPs, not in the form of APPs. This greatly increases the threshold for users to enter Web3.

"On the one hand, it is limited by the industry infrastructure and talents. Whether it is the iteration of the underlying public chain or the development investment in the application layer, it is not enough to support large-scale users' APPs running on a certain public chain, and there is no relatively mature mobile application. On the other hand, from the perspective of the network effect of Web3 itself, in the face of the global crisis, practitioners should also have such a mission to bring a decentralized free financial network to a larger scale mobile users. For those relatively closed developing countries, these users are mainly mobile users. The core of Mobile first and APP-Chain is no longer just focusing on the bottom layer of the blockchain, but integrating such a network into A more inclusive and convenient way to influence more users and make the blockchain within reach, which will in turn further strengthen the robustness of the decentralized network." Xie Guangwu said.

Especially with the staged success of StepN, people see the huge potential of Web3 products on the APP side and the driving effect on the public chain. Making an independent APP can not only make the user experience better, but also form a closed loop of its own ecology. StepN is not only a game, but also a wallet product and an NFT platform.

The emergence of StepN has allowed more users to become Solana users. Binance discovered this and partnered with StepN to successfully get more people to use Binance. This is the best case of APP driving the growth of Chain users.

The goal of Web3 mobile phone is the next hundreds of millions of users. To achieve this step, a series of changes from DApps, software, operating systems to mobile phones are indispensable.

Write at the end

120 million users of Binance, 30 million users of Metamask, 3 million users of StepN, 10 million users of CoinSwitch... In the past ten years, Web3 has experienced many bull-bear transitions, and people's understanding and definition of it have also been disintegrated and reiterated plastic.

Today, it is standing on a new level. It not only has an impact in the fields of currency and finance, but through NFT, it has successfully created a wider impact in the real world, in the Internet industry, in listed companies, and in traditional enterprises in the past two years.

Today, an important thing that stands in the way of Web3 is that most products have not been adapted to be displayed in front of users in the form of APP, which is directly related to whether the public can reach Web3 products. The mobile phone giants and Web3 giants have tried to solve this problem.

The current Internet is still a world full of flaws. All Internet companies we know need to "adapt" to Apple's ecology in the form of APPs to survive, even if Tencent and other "big and stumbling" Internet giants are facing Apple When it comes to tough terms, he often bows his head arrogantly. When Apple "exploited" Internet companies, Internet companies were "exploiting" the public's right to own and use data, which brought reasons and more opportunities for the emergence of Web3.

Web3 has developed a technology system and economic system that is independent of the real world. There are already tens of thousands or even hundreds of thousands of teams competing in this independent ecosystem. The best ones "break the circle" and finally show up in front of the public.

And the next time we break the circle, there will be more APPs in front of us.

The carrier of APP is no longer just a computer, but more mobile phones, and even other richer hardware such as VR devices, AR devices, and car displays.