Will Web3 be the next frontier after NFT?

The Bitcoin white paper written by Satoshi Nakamoto in 2008 is the awakening of the pioneer consciousness of web3, calling people to pursue a more free, efficient, and true decentralized world.

In the web3 era, data will be permanently decentralized and stored on multiple nodes, which cannot be tampered with or stolen. People can freely express their opinions on the platform, and privacy is protected.

The virtual economy is rising and sustainable. People can have another digital identity to work, study, and socialize in a virtual space, transcend the obstacles of time and space, and meet spiritual and material needs.

DAOs based on blockchain smart contracts will gradually become mainstream. The members of the organization are crowdsourced, crowdfunded, and intelligent, and personal interests and organizational interests have reached a high degree of consistency, which greatly improves the operational efficiency of the organization.

Will Web3 be the next frontier after NFT?

People have long awaited the popularity of Web3, but it has not been fully reflected due to the infrastructure requirements for computing, indexing, data management, hosting, storage, and other important services. However, after years of construction and continuous growth, many excellent projects have laid a solid foundation for the development of web3.

Filecoin

Decentralized data storage protocol based on blockchain. In order to solve the problem of data storage, the use of idle bandwidth and hard disk space to provide data storage and retrieval services provides storage providers with opportunities for profit, and also reduces the cost of user data storage and use.

Filecoin has a self-healing process. When an individual node has a problem, the data stored in it can be transferred to other reliable nodes, which improves the security of the data. As the incentive layer of IPFS, it currently ranks first in the market value of the storage track.

Secret Protocol

The most ecologically rich privacy public chain. Nodes on Secret do not need to touch the original data, and perform general-purpose calculations on encrypted data in a trusted execution environment. This enables smart contracts to use private and sensitive data as input.

The focus of Secret Network is on privacy computing, not just transaction privacy, which is critical to many fields such as decentralized finance, Web3, machine learning, and access control. Secret also cooperated with opensea to launch the first private NFT containing public and private content. Private content is only visible to NFT holders.

Arweave

Will Web3 be the next frontier after NFT?

One of the preferred storage methods used in NFT/web3 projects. A decentralized storage network based on blockweave technology, adopts an innovative Proof of Access consensus mechanism, adjusts the amount of data stored by nodes, and achieves a uniform distribution of data. Users can store data permanently with one-time consumption.

Chromia

The sidechain used by many games on BSC aims to solve the scalability problem of DdApps. CHR’s relational database architecture makes it more efficient in storing and processing data. It implements the logic of storing virtual worlds, information and player progress, so that DApps can operate on decentralized servers.

As the background support of the game, a flexible charging model is adopted for DApp developers. For example, developers pay CHR to purchase storage and computing power, allowing their players to participate in the game without holding cryptocurrency. The native NFT standard Chromia Originals, a collection of more advanced metadata, has new features and more flexibility.

RSS3

RSS in the Web3 era, an open source protocol for decentralized content and social networks. RSS3 aims to promote the efficiency and freedom of information transmission, protect data security and decentralized storage. The protocol distributed hosting index files and content files, allowing users to control their own data in a distributed manner, and determine the right to edit files through key pairs.

RSS3 emphasizes inclusiveness, not only to support different types of applications, but also to open modules with different functions, which provides flexibility and feasibility for its future development.

The above is a brief introduction to some excellent projects in the field of web3. After experiencing the DeFi summer and NFT craze, we will wait and see whether web3 will become the next major outlet.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/will-web3-be-the-next-frontier-after-nft/
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.

Leave a Reply