Web3 Use Cases: The Future

So the meta point here is that if web3 really is the future, I believe it will look remarkably less transactional than it is right now. We will need applications built on crypto rails to connect with friends, find restaurants, share photos, and so on. Those products will still feed the protocols underneath them, but they will also be expensive to b... See more

The major themes of this shift are the metaverse and web3 movements. They are two sides of the same coin, creating a new front- and backend of the Web. Where metaverse uses new tech like extended reality and AI to create new ways of digital interaction, web3 is using blockchain and tokenization to build a more distributed data layer into the intern... See more

In Web 3, companies achieve liquidity early via ‘tokenomics’ and other novel mechanisms to raise capital from users (often highly speculative in nature), and build the necessary technical infrastructure to create an alternative internet: decentralized servers, identity-management ‘wallets’, token exchanges allowing easy movement among various ecosy... See more

While the blockchain offers promise in addressing some of the challenges present in Web 2.0, the blockchain alone does not comprise the entirety of the web3 experience. In fact, the complexity of working on the blockchain means that the barrier for entering this space is somewhat higher, and as a result there are few companies building the required... See more

The year ahead will show that blockchains can support a lot more applications beyond money and finance. In 2022 decentralised services will chip away at big tech companies’ stranglehold on the internet. A cluster of new “web3” technologies, such as tokens, will dramatically improve the digital economics of creators, technologists and small business... See more

Presently, the dominant blockchain/Web 3.0 application is decentralized finance, but I think it’s easier to see the value of where things are heading, and to allay worries about hype cycles, pyramid schemes and speculative bubbles, if we look past the purely financial stuff. Once you start to dig into some of the applications that venture capitalis... See more