After announcing the allocation of 50 million Hong Kong dollars to accelerate the development of the Web3 ecosystem, Hong Kong once again clarified its support for the innovation of the Web3 industry. Recently, the Hong Kong Web3 Association was officially established and the Web3Hub Fund was established. The "Pearl of the Orient" is vigorously promoting the ecological construction of the third-generation Internet.
Not only policy dividends, the rise of artificial intelligence such as ChatGPT has also injected high productivity into Web3. With the blessing of "red and blue double buffs", Web3, which has been cold for a year, has regained its vitality in Hong Kong.
On April 14th, Central Hong Kong, "Metaverse Daily Explosion" entered this trend with ""Confrontation" Digital Encryption Art Salon", when we interacted with leading companies in the blockchain industry, application developers and DAO creators It is found that from data to culture, from enterprise applications to Generation Z, Web3 no longer stops at the level of changing the way of thinking on the Internet, and a large number of effective applications and services are being born.
How to make good use of the Web3 "ticket" of data?
"Confrontation" starts from Web3 data, because it is the most visible means of production at the blockchain technology level.
"The Economist" once defined data as "the most valuable resource in the world", but when we look back at the Web2 era, the Internet is more like a closed data garden controlled by a few gatekeepers. With data, the value brought by the data is captured by technology companies.
Entering the era of Web3, things have become different. "Web3 is a data revolution driven by multiple technologies. The core problem to be solved first is data." Jiang Zhaosheng, a senior researcher at Okey Cloud Chain Research Institute, pointed out at the beginning The status of data in the Web3 network, "it is not only a carrier of rights, but more importantly, resources or assets."
Jiang Zhaosheng, a senior researcher at Okey Cloud Chain Research Institute, explained the value of data in Web3 in detail
Through the data on the chain, countless subjects join the analysis team to gain insight into the flow direction of assets, perceive market sentiment, find clues to popular applications, and even the evolutionary results of large-scale blockchain networks. For example, Jiang Zhaosheng, in the recent upgrade of Ethereum Shanghai, users can use data such as Ethereum price, deflation rate, pledge rate trend, supply rate trend, etc. to speculate on the trend of ETH after the upgrade in Shanghai, so as to deploy investment decisions in advance, and even start a business. .
When imagining the value of data on the Web3 chain, Jiang Zhaosheng gave a very vivid example, "In the era of Web2. Interactive experience, construction trajectory, etc., can all be clearly displayed on the chain.”
A single piece of data does not seem to have much value, but behind the huge amount of data is a "bonanza". If these massive user data, behavior data and feature data are integrated, we can see the ecological picture of the entire Web3 universe. Whether it is a user, an enterprise or a government department, only by mastering the data on the chain can you get the ticket to enter the Web3 gate.
Entering the Web3 era, with the large-scale influx of users and the large-scale application of various DApps, the value of data on the chain has become more and more prominent. Jiang Zhaosheng pointed out, "All kinds of DApps in the Web3 world are from creation, transaction, pricing to reproduction. Data on the chain is inseparable, digital assets are the core object of Web3, and data on the chain is the key production material of Web3 and the core production factor in the future.”
How to set foot on the "new continent" of value?
If we imagine along the narrative of Web3, after we get the Web3 "ticket" of on-chain data, the next challenge is how to find a rich "New World"? Such land includes Web3 entrepreneurship and investment, development and application, upgrade and transformation.
Google Cloud once compared Web3 to the Internet ten years ago. Its value is that it is still a wasteland to be developed, gestating infinite possibilities. Today, the number of global Internet users has reached 4.9 billion, while the number of real Web3 users is only tens of millions. According to the forecast of Global Macro Investor, the number of global cryptocurrency users will reach 4.3 billion in 2030. For Web3, this means a huge blue ocean of Web2 user migration.
Since the birth of the mobile Internet, Web2 has achieved global saturated penetration of users in just 10 years. But so far, Web3 has hindered the entry of Web2 users due to problems such as technical threshold restrictions and lack of phenomenon-level applications. With the continuous influx of people, the development momentum of this industry will definitely dry up.”
TraditioNow, who has been working in the Web2 industry for 7 years, has found a bridge between the real world and Web3—culture. Steven explained that, no matter from the perspective of establishing consensus and economic models, or from the perspective of drainage, culture is very suitable for the existing grasp of the Web3 world. The formation of a culture that condenses beliefs and traditions is itself a consensus, and the IP recreated from culture has long formed a mature business model. The continuous continuation and dissemination of culture is a reflection of "sustainable flow".
TraditionNow Founder Steven Explains the Integration of Culture and Web3
Taking the first NFT IP "NUO" created by TraditioNow as an example, Steven shared the integration of traditional culture and Web3. He introduced that they created the NUO series inspired by the Chinese intangible cultural heritage "Nuo Opera". The works participated by many artists quickly established cooperation with 16 different brands and platforms, and formed an active dissemination among Web2 users , "It takes 10 months at the fastest to build an IP in Web2, but with the empowerment of Web3, we only need 1 month to complete the creation of the entire IP."
In the Web3 IP experiment of NUO, "about 1/3 of the people came into contact with Web3 from Web2 for the first time," Steven said, and the spontaneous participation of the community played a crucial role in NUO and subsequent experiments.
TraditioNow belongs to the builders who explore Web3 by themselves, while MetaScan Labs tries to pass on the experience and technical tools of Web2 transformation to Web3 to more practitioners.
Grace is the co-founder of MetaScan Labs. During her start-up, she discovered that the entire Web3 ecosystem lacks the entrance for users and applications, while social applications and game products in the Web2 world are actually huge traffic and content pools, but there is no good one. Tools help them complete the upgrade to Web3.
Grace, the co-founder of MateScan Labs, brought the upgrade plan from Web2 to Web3
In the "Confrontation" Digital Encryption Art Salon, Grace brought Web2 enterprises and application developers a plan to upgrade and transform to Web3. She introduced that from the bottom layer to the middleware to the application layer, MetaScan Labs can use NNS+Registry3 The domain name system, GAME.SDK+Meta DID system, ETH.GAME, MOJOR traffic engine and Twitterscan are five major tools that complete the whole process of Web3 transformation from underlying data, application accounts to traffic attraction for Web2 applications. "Helping Web2 products upgrade to Web3 is our important mission."
Where does Gen Z's interest in Web3 come from?
On the route to Web3, there are not only the "big boats" of Web2 innovators, but also the "speedboats" of Generation Z post-waves. Generation Z, also known as the "Internet Generation" and "Digital Media Aboriginals", have been seamlessly connected to the Internet information age since they were born, and live under the influence of digital information technology.
Web3 is becoming a new Internet continent for Generation Z. They were originally regarded as the main consumers of Web3 business applications, but now they are becoming Web3 builders.
13-year-old Carry Zheng is the founder of SparkrDAO. On April 13, she stood on the stage of the "Confrontation" Digital Encryption Art Salon, calling on schools to give up teaching students the knowledge that students are not interested in and may not even use in the future, and advocated from interest , Practical and practical to stimulate students' learning motivation, thereby creating value for society.
When the school couldn't do it, Carry Zheng decided to do it in the form of a decentralized autonomous organization (DAO). "I always believe that practice is the best way to learn." Under this concept, Carry founded SparkrDAO, Like-minded teenagers in this community can learn about Web3, AI and blockchain together, and do meaningful projects by themselves. "If you don't have technology and resources, SparkrDAO can provide them."
Carry, the creator of SparkrDAO, shared the driving source of Web3 for young people
It is difficult for us not to be moved by the courage and action of Generation Z. It can be predicted that this group of Web3 aborigines will not only be users of applications, but also become the most innovative and active builders of the Web3 ecosystem.
AI is refreshing the computer's awareness of productivity improvement, and Web3, which is regarded as the third-generation Internet, is integrating various technological achievements such as AI, AR/VR, and blockchain, trying to reshape the relationship between users and the Internet. what is happening.
At this time, Hong Kong intends to build itself into a "Web3 capital" to attract more builders. This means that the distance between the Chinese world and Web3 will be shortened. So, are you ready for this change?