Why do people like web3, and what is web3 in the first place?

Web1:read (readable) Web2:read+write (readable + writable) Web3:read+writetown (readable + writable + writable)

Although this is a simplistic statement, it gets to the essence

The important theme of web3 is about user data ownership, and the ownership of data needs the help of blockchain, which can achieve no trust, no permission, and user control. This is the reason why people can't bypass blockchain when they talk about web3.

If we look at the historical contribution, blockchain really opens the era of web3 and forms the most important basic building block of web3.

Web3.0, has been discussed a lot recently. Some people are completely unaware of its existence, but those who know and are in that world may never want to return

In the real world, people are still concerned with epidemics, US-China relations, and industry challenges. In Web 3.0, people's perceptions are being refreshed and overturned at a very high rate, and people are getting rich and poor at a very high rate. That world, mysterious, independent, dangerous, and seductive

Let's summarize in one sentence: In Web3.0, the earliest ones are idealists, the fastest ones are crooks, the boldest ones are adventurers, the ones who are most afraid of being wrong are leeks, and the ones who can finally succeed may not have entered yet.

Since it is Web3.0, there must be Web1.0, and Web2.0

Web1.0, is the early Internet, portal. For example, Sina, Sohu, NetEase, Yahoo. Content, mainly these sites are edited and organized, as users, we can only browse, Read-Only (Read-Only)

Web 2.0 is the Internet we are experiencing. The content is not only produced by the platform, but we, as users, can also contribute content. Not only can it be read, but also written. (ReadtWrite)

We can write websites, we can post articles, we can shoot videos. The Internet has taken a big step forward!

But it's not enough. Because the content, in essence, does not belong to the user, but to the platform

The platform, using your content, take your data, grab your time, to analyze, to cash, to make money. As users, compared to Heira, we are almost insignificant, with only a weak influence and a meager income

What's even scarier is that because the platform has ownership, it can delete you. Delete your speech, delete your trace, even delete your whole person. Make you disappear.

Clearly, this is problematic. We need Web3.0

Web 3.0 should be Read+Write+own, readable, writable, and ownable. Own my own data and content, own my own power and revenue. I say what I want, not what the platform says

Idealists, one project at a time, are breaking monopolies and calling for freedom. They are guided by the future and light the torch

But scammers run faster than idealists

You really want to change the world, and I just want to scam money. I also do projects, let's say a shared network Web 3.0 project. Each user, can contribute their own network bandwidth to make everyone's internet experience better. Because you have contributed, you should also have revenue, and also get token (token, or pass)

In total, I will issue 100 million tokens, 80% of which I will distribute to users who have contributed. The remaining 20%, left to our team, as money for development and operation

Then, the scammers desperately market, create momentum, and promote the fact that this is a world-changing project. Everyone comes to participate and is incentivized with tokens. This token, because we created the future, will become very valuable. The price of the token, then, will quickly be speculated from $1, to $10, to $100

The scammers will sell all the tokens they have in the market, make 100 times more money and then run away.

So, what scammers are doing every day is telling stories, issuing tokens, making propaganda, speculating prices, and playing scythe. And their project, may be a database, is distributed storage, is a content platform, is a game ... is something you can understand or can not understand

And the risk takers, will enter the scene at this point. They know that idealists and scammers exist at the same time, and they know that the risks are extremely high, but they are bold

I bet myself that I can run faster than the scammers. 100 to crash, then I'll leave the market at 80. I also bet myself that the idealists who can guess that there may be only 0.1%, they succeed, then I am 1000 times, 10,000 times, or even higher returns. A gold mine, even if it is more dangerous, I can not not dig

Then, seeing the adventurers really making money, fear of missing the leeks, could not resist

The day before yesterday to see is 1 yuan, did not buy. Yesterday look at 1.5 yuan, still did not buy. Today it actually went up to 10 yuan at once! What about tomorrow, will go up to 50? The eyes are red, the heart is hot. They want to dance on the bubble and change the fate of the world. But more likely, the bubble collapsed in the bubble, lost all their money!

It's messy, right? But this new world, it's just so messy. And the level of chaos, I may have described only 1/100

Chaos, only means mixed, does not mean that the logic of Web3.0 is not right. I believe that someone will succeed. It's just that the people who end up succeeding may not be in yet.

But I think, the future will definitely change. Just the process of change, there will be a burning torch, glowing gold mine, do not blink the sickle

Well, Web3.0, the historic moment, has just arrived!

web3 and the game

web3 games are finally moving towards community games, allowing bottom-up development. web2 "modded games" still rely on a top-down push and are ultimately limited by their closed system.

P2E and Community DAO Governance

P2E is an important part of the web3 game. It allows players to be included in the ecosystem in which they develop and in which they have a real stake. Regarding the development of the game, players have a need to express themselves and actively participate in it. As the game evolves, the participants become more and more interested in its development

web3 games use the governance mechanism of DAO, which is centered not on the priority of the best revenue for a single subject, not on the priority of growing more users, not on the priority of mere retention, but on the priority of the ecological interests of the participants.

The possibilities for web3 games are endless, and through economic incentives, creators can build all sorts of innovative games that create experiences never seen before. Players can pool their efforts to decide which metaverse to work with

The composability of web3 games is similar to the composability of DeFi, where on top of the basic Lego blocks we can see the birth of creative products. Interoperability across metaverse here may include item images, interaction rules, asset values, player reputation, etc. Even through cross-chain protocols, it is possible to achieve something like illuvium and Star Atlas interoperability between different chains of games

In web2 games, data itself is one of the biggest moats, while in web3 games, data is open for any builder to build and can be innovated in different game ecosystems

Axie lInfinity became the banner of web3 games. Many web2 games have tried to replicate its success and expect to become the next Axie lInfinity, but some games still have a corporate control model and incentives that still do not activate players.

This may leave these "modded" games with some development difficulties

Web3 games are P2E (Play To Earn) and open ecosystem, which is centered on making the player the true owner of the in-game items; P2E makes the player a major player in the game and increases player retention

Culture and sound economic mechanics are the strongest moats of web3 games. This is the fundamental reason why web3 games should be built in line with the spirit of web3 games in the first place. If there are no distractions at the beginning, the culture behind the game will eventually come out and eventually return to its "everything is for me, not for me".

One after another miracle will appear in web3, catching the fast train of readable+writable+innovatable

In the era of digital universe, everyone can be a developer

Technology is supposed to benefit people and serve people's livelihood, so that everyone can feel the convenience of the technological revolution brought by web3.