Web3.0 has nothing to do with China


I recently saw an article saying that employees of China’s Internet giants are migrating to Web3.0 companies.

They want to flee their current jobs and pursue new revolutionary ideals.

Web 3.0 in 2022 is Web 1.0 in 1999 .

Seeing this, I almost spat out a mouthful of old blood.

What kind of parallel world do you live in ? Such a bright future can be imagined.

Looking around, how can there be a Web3.0 ecological environment in China ?

If nothing else, the bottom public chain of Web3.0 has developed for so many years, and none of them have grown up.

What can you do ? What dare you do ? Where can you migrate to?

Dachang employees have noticed, these days, eating enough is the most important thing.

Don’t mess around , let ‘s get through 2022 .

Three Understandings of Web3.0

So what is Web3.0 , let’s clarify this problem first.

It can be understood from the following essence .

The first understanding:

Web1.0 is ” read “;

Web2.0 is ” readable + writable ” (read + write);

Web3.0 is ” read +write+own” (read+write+own).

For example: Web1.0 is represented by portal websites yahoo and Sina , which provide information to users; Web2.0 is represented by blogs , Twitter , WeChat , and Douyin , which generates content by users ; Web3.0 generates content The content data is owned by the user , not controlled by the platform.

It may seem like a small change, but this is a replacement of the underlying logic , which actually hides the earth-shakingchanges .

The second understanding:

Web1.0 is ” semi-centralized “;

Web2.0 is ” centralized “;

Web3.0 is ” decentralization “.

Web3.0 has nothing to do with China

For example: In the Web1.0 era, in addition to the central door, personal websites also occupy half of the country , and the two form a ” semi-centralized ” ecology; in the Web2.0 era, information islands are formed , and large companiesmonopolize data; in the Web3.0 era, it is pure ” semi-centralized” ecology Decentralized “, where data is dominated byusers .

The third understanding:

Web1.0 and Web2.0 are information Internet ;

Web3.0 is the Internet of Value .

Web1.0 and Web2.0 are essentially transmitting information and focusing on consumption; while Web3.0 is transmittingvalue and creating wealth .

Therefore, Web3.0 can be simply understood as the Internet with the addition of blockchain technology . It will reverse the current Internet ” central monopoly ” problem and help users regain their data sovereignty , thereby re-creating ahigher Internet world.

Key nodes in the transition to Web 3.0 in 2022

If you really understand the above changes , then you will understand that Web3.0 is revolutionary .

We can intuitively draw the following conclusions:

  1. It will recreate a data – based wealth system ;
  2. It will reconstruct the future cross-border digital payment system;
  3. The emergence of a user database that operates across product platforms ;
  4. Emergence of digital identities that cannot be tampered with based on private keys ;
  5. Everyone has their own data sovereignty and free control ;
  6. It will realize modern finance on a global scale without friction in the virtual world ;


Each of these items will bring a new kind of change to human beings .

Web3.0 has nothing to do with China

The emergence of the Internet is a major revolution in human technology , which has had a profound impact.

In recent years, we have talked a lot about hard technology , but Internet soft technology cannot be ignored.

The changes brought about by Web 3.0 will be the stage for decisive battles between major powers in the next 20 years .

Whoever understands and develops Web3.0 first will be able to stand at the new height of the century .

In 1993 , Clinton launched the ” Information Superhighway ” plan, creating a brilliant decade and gaining the global control position of Web1.0 and Web2.0 . To this day, the United States leads the world with the help of Internet technology.

In 2022 , the world is at a critical point in the transition from Web 2.0 to Web 3.0 . Whoever builds a complete Web 3.0ecosystem at this moment is likely to lead the era in the next 20 years .

Many people like to talk about national luck , which is called ” national luck “.

The fortune of the country is not a gamble , but a serious struggle .

“Web 3.0 war” is approaching white-hot

Web3.0 is so important, how is the development of the United States now ?

What is the layout of Wall Street , and how is Silicon Valley calculating ?

a16z , the star shining Silicon Valley venture capital institution, is the leader in the field of Web3.0 .

Coinbase , which invested in 2013, has a market value of up to $ 85.8 billion when it goes public in 2021 ; OpenSea , which it invested in, controls most of the NFT market transaction volume, and Yuga Labs , which it leads, has created the famous ” boring ape “. Today, a16z has launched 3 cryptocurrency funds that have raised over $ 3 billion in total.

Web3.0 has nothing to do with China

On April 1 this year , a16z also invested in a cross-chain company, LayerZero Labs . This ambitious company has a valuation of $ 1 billion and may be one of the top predators in the Web 3.0 world in the future .

In addition to a16z, Sequoia Capital , one of the world’s largest venture capitalists, has invested in 20 Web3 companies in 2022 . Its competitor Coinbase Ventures , an investment company with innate Web3.0 genes, has invested in 80 companies this year. As a capital force in the industrial frontier war , it is rushing to make arrangements. The “Web3.0 war ” is approaching White-hot .


The above is just a part of the US Web3.0 layout floating on the water, they have been waiting for real guns and live ammunition .

Where is China’s layout?

As for China , have you seen the layout of Web3.0 ?

Where is the public chain ? Where is the wallet ? Where is the cross-chain ? Where is the authentication fortimestamps ?

Where are DeFi contracts ? Where is the DAO company ? Where is the Turing Machine ? Where are the NFT companies ?

The only Web3.0 product that has developed relatively well, ” Digital Collection “, is still self-castrating day by day .

A good serious person , he has to be tossed into a eunuch .

Where are Chinese companies and where is the power of marketization ? Where is the layout of the vision ?

Those companies that have created a brilliant record in the Internet age really can’t see the prospect of Web3.0 ?

Answer: Of course not .

The “South China Morning Post” acquired by Alibaba in the early years established the NFT company ” Artifact Labs “;

Tencent invested in Immutable , an Australian-based gaming startup based on Web3.0 technology , at a valuation of US$2.5 billion;

TikTok (Douyin overseas version) joins Immutable X and launches NFT with Immutable X.


Web3.0 has nothing to do with China

NFT Architecture

see it? Even if Chinese companies make a move, they also make a move overseas .

Why, the global trend of Web3.0 is invisible to domestic elites ?

Of course not, what is the reason?

Logically speaking, the fertile soil of the Internet in the East should compete with the United States in Web 3.0 and even take the opportunity to surpass it. This would have been an excellent opportunity.

But this piece of soil blooming with the flowers of Web1.0 and Web2.0 is quiet and suffocating in the Web3.0 era . Why?

why? A brief summary is as follows:

  1. Do not study the essence of technology, and treat the underlying token of the blockchain as a beast ;
  2. Do not study future trends , and immediately take the management of ” abandoning food due to choking ” when aproblem is found ;
  3. Without analyzing the specific reasons , if there is an outlier, it will be cut across the board immediately , “I would rather kill it by mistake than let it go “;
  4. Without any legal constraints , all strict control and supervision are vague and capricious ;


Such a regulatory ecology , which company is not afraid of, and which Web3.0 entrepreneur is not afraid .

Therefore, how can such an entrepreneurial environment produce the Chinese ecology of Web3.0 ?

In this era, if you let people leave the big factories to start a Web 3.0 business , wouldn’t it be a misunderstanding .

Web3.0, the world of geeks

A friend of mine started a business in the blockchain world very early .

Since 2013, I have started businesses in various technical directions. Of course, there are many failures and few successes.

But Web 3.0 is really attractive. For a technician , it’s not just an Internet upgrade, it’s really a geek world.

Now he decides to make a wallet , and the target product is METAMASK .

A good wallet can be the entrance to the Internet world in the future , and it may also become the entrance to the Metaverse, which is really cool.

If you don’t do it now, it will be too late . He knows that there are at least 20 teams that start businesses in this area .

Web3.0 has nothing to do with China

But it is impossible to complete this VIE-structured entrepreneurship in China, so he decided to go to Singapore in the second half of the year and leave this familiar city. In fact, there are enough technical talent reserves here , but the risksare unpredictable. If you report casually, you will be tossed to death. If you finally operate , it must be overseas , and you can’t do anything in China. You should choose to go there early. By the way, this is the price of Web 3.0 entrepreneurship.

I asked why not go to Hong Kong , it is convenient to be close? He shook his head , a little sad, let’s go to Singapore.

Not afraid of regulation, but afraid of regulation without borders

There is also a friend who has research on software and hardware , and also has his own company .

The mining machine he made has been sold to Africa .

Because the underlying technology involves computing power, it is involved in 5G , edge computing , and blockchain .

Web3.0 has nothing to do with China

Smart contract operation mechanism

In his opinion, entering the Web3.0 world is his last chance in life.

Only in the era of Web3.0 can he go beyond the traditional monopoly Internet companies and use blockchain technology to achieve ” user independence “, ” protect privacy ” and ” recapture data “, in order to create the highlight of his life.

But these entrepreneurial veterans all know that Web3.0 will cover Publicblockchains (public chain), Token(homogenized pass), DAO (decentralized autonomous organization), DeFi (decentralized finance), NFT (non- identicalQualitative tokens) these areas, but from the perspective of China’s real environment, each of them may be a minefield .

He said that he first went to Macau to make a transition, then he went to Singapore , and finally chose the United Arab Emirates .

I don’t know if it was a joke or not, but he sent a photo with the Arab who ” a piece of cloth on his head , either scary or rich “.

And said very proudly: To open a company here , the prince will meet me.

Many Web 3.0 companies like this have left, and most of them have gone to Singapore .

Of course, some are still staying in China . The basic attitudes of these technology companies are basically the same. In fact, they are not afraid of supervision, but are afraid of random supervision, supervision without borders , and supervision without legal provisions .

leave or die

The early Web 3.0 in China started not too late, and it can even be said to be at the forefront of the world .

Taking the most important Web3.0 infrastructure public chain as an example, let’s review the early Chinese technology geeks ‘ attempts in this regard .

Eight years ago , when Vitalik Buterin , the founder of Ethereum , came to China, at Umbrella Coffee in Shenzhen,Buterin was just a big boy in the eyes of many Chinese blockchain enterprise founders . His warm speech above did not arouse everyone’s interest at all. .

Six years ago , after the release of the Ethereum public chain, many Chinese public chains emerged as the times require, rushing to the new continent, Xiaoyi , VeChain , Biyuan , Quantum , Ontology , Metaverse , TRON , etc.

All kinds of public chains have developed to this day, and the Ethereum public chain is standing at the top of the pyramid;

Various protocols such as ERC20 (homogeneous token), ERC721 (non-homogeneous token), ERC-1155 (non-homogeneous token evolution), EIP-1559 (burning protocol), EIP4844 (data sharding) emerge one after another.

Web3.0 has nothing to do with China

Ethereum 2.0 Serenity Architecture Diagram

The financial empire that Ethereum has formed includes exchanges such as Uniswap and Sushiswap , banks such asMaker and Compound , and NFTs such as CryptoPunks . Imaginative gaming communities like The Sandbox andDecentraland .

But China’s public chains have been silent, and there are only a few public chains living overseas , still performing their own legends, hoping to break the dominance of Ethereum .

Entrepreneurs have their own problems. Many times we are eager for quick success , but is it all the problems of entrepreneurs? What can domestic public chains do? Even if you provide NFT services for a company , you can only quietly castrate yourself into a consortium chain .

If you let go of your hands and feet and work hard, digital collection platforms such as Magic Nucleus and Whale Questwill also enter the world, instead of sneaking around like a little daughter-in-law like they are now.

Why? Over the years, domestic Web3.0 companies have come to a conclusion that they dare not make public: either leave or die .

Web3.0 behind the Metaverse

Do you know why Chinese entrepreneurs have always wanted to be the Metaverse ?

In addition to the fact that the Metaverse itself is a crystallization of technology and has a long-term plan , there is also a very core reason, that is, everyone avoids directly talking about Web3.0.

Once we talk about Web3.0 , we must talk about blockchain , when we talk about blockchain , we must talk aboutencryption technology , when we talk about encryption technology, it will be related to cryptocurrency (encrypted currency), and finally it will involve the lowest level Token . , then this road cannot go on.

Therefore, simply go directly across Web3.0 and enter the Metaverse, because in the world of the Metaverse there is not only Web3.0, but also 5G+AI+XR+cloud computing , Unreal Engine technology , brain-computer interface , artificial intelligence , edge computing , 3D operating system , etc., this will dilute the concept of Web3.0, so that more people can accept the Metaverse.

But in the world of the Metaverse, those geeks who are familiar with the underlying technology , who do not know that the core elements of the Metaverse ” digital identity ” and ” economic system ” are closely related to Web 3.0?

Web3.0 has nothing to do with China

Even though the Metaverse is heavily disguised and takes a few steps back , entrepreneurs can still feel that the Metaverse project still has many resistances as it moves forward . 

Do you think such a Web3.0 entrepreneurial ecology can take root in China ?


Web3.0 is a worldwide trend , and no one can stop it.

A hundred flowers are already blooming in the United States , what about China?

Over the past 20 years , the Web has developed in China, and it can be said that every bit of it is still vivid in my eyes :

Through the introduction of Web1.0 technology, the distance with the United States has been shortened , and manyexcellent enterprises have been produced;

Through the development of Web2.0 technology, it began to move to the forefront of the world , and some companies began to lead the world ;

But today, in the face of Web3.0 technology, all the horses and horses are at their mercy .

What is the actual cause? Don’t we think about it?

The introduction of any great technology cannot be without risk .

Was there no risk when Web 1.0 technology was introduced in the 1990s ? But don’t throw the baby out with dirty water just because it’s risky . Such regulation seems lazy and stupid .

If China wants not to lag behind the United States, it will form its own Web3.0 ecosystem .

Be sure to note the following:

  1. Understand the essence of the blockchain well , and don’t treat the encryption industry as a monstrous beast;
  2. To look at the individual and the whole separately, don’t be one-size-fits-all for the entire industry ;
  3. Listen to the suggestions of Web3.0 industry practitioners, and then formulate an effective management system ;
  4. Form a clear legal system to let entrepreneurs know the boundaries of what they do ;
  5. Fight those real Ponzi schemes and don’t let the ecological destroyers go.


Otherwise, the best Web 3.0 entrepreneurs can only go overseas, and the Web ecosystem accumulated over the years will only castrate themselves . Originally a good Web 3.0 brand, but because of their repeated tossing , they eventually went to a dead end .
This is really not a small problem . Imagine if China missed the Web 1.0 era 20 years ago, what kind of loss would it be for us ? Unimaginable, unimaginable.
Therefore, Web 3.0 must not be lost, and we must quickly build a complete ecosystem in the legal system and the market .

In addition , I warn those entrepreneurs to understand the Chinese ecology of Web3.0 first.

In such a time and space with uncertain prospects , survival must be the main thing.

If you want to leave Dachang, think twice .

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/web3-0-has-nothing-to-do-with-china/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

Like (0)
Donate Buy me a coffee Buy me a coffee
Previous 2022-04-29 22:11
Next 2022-04-29 22:13

Related articles