Nemitīgi mainīgajā blokķēdes un kriptovalūtu pasaulē reālās pasaules marķierizācijas jēdziens ir guvis ievērojamu popularitāti. Lai iedziļinātos šajā tēmā, nesen mums bija prieks rīkot tērzēšanu pie kamīna ar Anniju Lianu, starpvaldību blokķēdes ekspertu un grāmatu autori.
Diskusiju vadīja Faradžs, Venom Foundation komercdirektors, kas ir viens no Abū Dabī vadošajiem ķēdes posmiem, koncentrējoties uz stabilām monētām un reālās pasaules aktīvu organizāciju visā pasaulē. Faradžs ir arī lielas kriptovalūtu vadītāju kopienas dibinātājs, kurā ir aptuveni 2000 dalībnieku.

Dienvidaustrumāzija (SEA), kuras iedzīvotāju skaits ir gandrīz 700 miljoni, un strauji augoša digitālā ekonomika, ir kļuvusi par kriptovalūtu inovāciju un ieviešanas centru. Neskatoties uz to, kriptovalūtu regulējošā panorāma reģionā ir sarežģīta un pastāvīgi attīstās, un tajā ir dažādas pieejas un politikas dažādās valstīs.
Šajā rakstā ir aplūkots pašreizējais kriptovalūtu noteikumu stāvoklis Dienvidaustrumāzijā, izpētot izaicinājumus un iespējas, ko tie rada gan kriptogrāfijas nozarei, gan lietotājiem. Turklāt tiek prognozēts, ka regulējošās tendences reģionā gūs panākumus 2024. gadā.

Man bija tas gods, ka tiku uzaicināts kā galvenais lektors NFT 2023 Seula konferencē, kas notika 2023. gada 1. septembrī COEX konferenču centrā Seulā, Dienvidkorejā. Konference bija ļoti veiksmīga, piesaistot daudzus dalībniekus no visas pasaules, kurus interesēja jaunākie notikumi un tendences neaizvietojamo žetonu jomā.
Runas nosaukums bija “NFT ceļojums AI un Web3 laikmetā”. Tajā es dalījos savās atziņās par to, kā NFT ir attīstījušies un kāda ir to nākotne, kā mākslīgais intelekts (AI) rada jaunas iespējas un izaicinājumus NFT un kā Web3 kļūst par jaunu interneta versiju, kas ir vairāk decentralizēta. atvērts un uz lietotāju orientēts.

Annija Liana stāsta par neseno kriptovalūtu platformas JPEX sabrukumu, kas tūkstošiem investoru, iespējams, izkrāpa vairāk nekā 1,4 miljardus Honkongas dolāru (180 miljonus ASV dolāru).
JPEX sabrukums ir atklājis Honkongas kriptogrāfijas nozares ēnas puses un radījis nopietnus jautājumus par tās tiesisko regulējumu.
JPEX, kas apgalvoja, ka tā ir licencēta un regulēta platforma, pārvilināja investorus ar spilgtām reklāmām, slavenību apstiprinājumiem un solījumiem par lielu peļņu. Tā piedāvāja savu vietējo marķieri JPC, ko varēja tirgot tikai tās platformā, kā arī citas populāras kriptovalūtas, piemēram, Bitcoin un Tether.

ASV Vērtspapīru un biržu komisijas (SEC) priekšsēdētājs Gerijs Genslers ir iekļāvis kriptovalūtu jomas virsrakstus par saviem komentāriem par dažādu digitālo aktīvu normatīvo statusu. Viņš vairākkārt ir norādījis, ka Bitcoin ir prece, taču ir nelabprāt apgalvojis to pašu par citām kriptovalūtām, īpaši tām, kas emitētas, izmantojot sākotnējos monētu piedāvājumus (ICO) vai ar kādu pārvaldības mehānismu. Viņš arī pauda bažas par stabilajām monētām un to iespējamo ietekmi uz finanšu sistēmu. Kāds bija viņa nodoms aiz šiem izteikumiem? Vai viņš cenšas aizsargāt investorus, apslāpēt inovācijas vai kaut ko citu?

ASV Vērtspapīru un biržu komisijas (SEC) priekšsēdētājs Gerijs Genslers ir izpelnījies uzmanību kriptovalūtu jomā, pateicoties viņa uzskatiem par digitālo aktīvu normatīvo statusu. Lai gan viņš pārliecinoši apzīmē Bitcoin kā preci, viņa nostāja pret citām kriptovalūtām, īpaši tām, kas saistītas ar sākotnējiem monētu piedāvājumiem (ICO) vai kurām ir pārvaldības mehānismi, joprojām ir mīklaina. Turklāt Genslers ir paudis bažas par stabilajām monētām un to iespējamo ietekmi uz finanšu sistēmu. Šajā rakstā ir aplūkoti viņa izteikumu motīvi un tas, vai tos virza investoru aizsardzība, inovāciju slāpēšana vai citi apsvērumi.

Binance, pasaulē lielākā kriptovalūtu birža pēc tirdzniecības apjoma, saskaras ar juridisku izaicinājumu no ASV Vērtspapīru un biržu komisijas (SEC), kas to apsūdzēja vērtspapīru likumu pārkāpšanā un investoru krāpšanā.
Binance un tā izpilddirektors Changpeng Zhao iesniedza tiesas dokumentus, cenšoties noraidīt prasību, apgalvojot, ka SEC nav jurisdikcijas pār viņu darbībām un ka viņi ir ievērojuši visus piemērojamos likumus. Tomēr SEC nav atteikusies no Binance meklējumiem un nesen ir pieprasījusi piekļuvi Binance.US programmatūrai un dokumentiem, ko ASV tiesa noraidīja.

Digitālie aktīvi ir vērtības digitāli attēlojumi, tostarp īpašumtiesības uz finanšu vai reālās ekonomikas aktīviem. Šie līdzekļi var veicināt efektīvākus darījumus, uzlabot finansiālo iekļaušanu un atraisīt ekonomisko vērtību. Lai izveidotu jaunu digitālo aktīvu ekosistēmu, centrālās bankas digitālās valūtas (CBDC), marķierizētas banku saistības un labi regulētas stabilas monētas kopā ar viedajiem līgumiem var kalpot par apmaiņas līdzekļiem. Tomēr šiem jaunajiem digitālās naudas veidiem ir jāpierāda to lietderība ārpus esošajām e-maksājumu sistēmām.

Neaizvietojamo marķieru (NFT) pieaugums ir izraisījis ievērojamas pārmaiņas kultūras un radošajā ekonomikā, ievadot laikmetu, kas piepildīts ar jaunām iespējām web3 ekosistēmā. NFT piedāvā satura veidotājiem vēl nebijušas iespējas gūt peļņu no sava darba, iegūt īpašumtiesības un sadarboties ar auditoriju aizraujošos un novatoriskos veidos. Šis panelis, ko organizē WikiEXPO, pēta veidus, kā NFT dod iespēju radītāju ekonomikai un veicina kultūras nozares attīstību un labklājību.

Visvairāk pārdoto grāmatu autore Annija Liana teica runu ar nosaukumu “Domā plašāk nākamajā NFT vasarā” NFT.NYC 2023. NFT NYC ir ikgadējs pasākums, kas veltīts NFT un blokķēdes tehnoloģijai, kas ātri vien ir kļuvusi par galveno mākslas un kolekcionējamo priekšmetu pasaule. Šī aizraujošā konference un festivāls piesaista dažādus dalībniekus, tostarp nozares līderus, māksliniekus, kolekcionārus un entuziastus, kuri pulcējas, lai izpētītu NFT iespējas. Dalībnieki var uzzināt par jaunākajām tendencēm, tehnoloģijām un paraugpraksi saistībā ar NFT.

The cryptocurrency market has been experiencing some fluctuations in the past few months, leading many investors to wonder about the future of the market. Eugene Shilov of Founders Club sat down with Anndy Lian to discuss the crypto market cycle and his insights on cryptocurrency investments.

 

Crypto Cycle

Anndy first touched on where we currently stand in the crypto cycle. He emphasized that he looks at the numbers and believes that Bitcoin is in a good position right now. He sees Q3 and Q4 as being a good time to see how far Bitcoin can go this year. While he doesn't think we are going into a super bull cycle in the next one or two quarters, he does believe that there will be a gradual signal that it's going to come soon. He believes that after the FTX incident, the three arrows incident, and the bank crisis, it will take some time to clean up the market. Therefore, he sees Q4 as being a good time for the market to pick up.

When it comes to investing in cryptocurrency, Anndy offered some advice for retail investors. He believes that people should know their finances well and not go beyond their limit. Many people are willing to bet more money than they can manage, which is a big mistake. He encourages people to invest in cryptocurrency to get a proper return, but not to gamble.

Lian also suggested that people should look at the projects they are investing in and consider the long-term potential. He advised people to look at the team behind the project and what they are working on to determine if it's a good investment. he also highlighted the importance of diversification. People should not put all of their money into one coin or project, as it could be risky. Instead, it's important to have a diversified portfolio that includes multiple coins and projects.

He emphasized the importance of understanding the product and the project before investing in it. Many retail investors panic when the price of a coin fluctuates, causing them to criticize the project or even search for the founders. He explained that this behavior is a result of investors not understanding the investment cycle, the product, or the project.

The second point that Anndy stressed is the need for thorough research. He advised investors not to only research the project but also to understand when they can expect their return on investment. Many investors fail to realize their investment on paper, resulting in zero returns. Therefore, it is crucial to know oneself, the risk profile, the portfolio, and the timeline of investment.

 

3 Hot Topics to Look Out for in the Web 3.0 Era

Centralization vs. Decentralization

One of the most pressing issues in the crypto world is the debate between centralization and decentralization. Anndy pointed out, the trend seems to be shifting towards centralization, which is a cause for concern. Decentralization is a core principle of cryptocurrency, and it is what makes it unique. It allows for transparency, security, and a level playing field for all participants. Anndy went on to speak about the potential of decentralization and the need to redefine the term. He emphasized that decentralized products, apps, and economies are still missing in the market, and investors should keep an eye out for these opportunities. He encouraged investors to create their own ecosystems within a metaverse that is decentralized, sustainable, and can support the investors' needs.

He explained that decentralization is not only about getting rid of banks and governments but also about creating a new and sustainable economy that can exist on its own. He emphasized that investors should look at re-centralizing decentralized products and apps and redefine the value of what is already being done in the decentralized world.

NFTs

NFTs, or non-fungible tokens, have been a hot topic in the crypto world for some time now. They are digital assets that are unique and cannot be replicated. Anndy predicts that NFTs will continue to gain momentum, and we will see more use cases in the future. Brands are already collaborating with artists and creators to launch NFTs, and this is just the beginning. The potential for NFTs is enormous, and we are likely to see more innovation and creativity in this space.

AI and Decentralized AI

Artificial intelligence (AI) is another hot topic in the crypto world. Anndy believe that AI can play a significant role in the decentralization of the industry. With AI-powered decision-making processes, there is a new layer of trust that can be established, which is critical in a decentralized ecosystem. Furthermore, decentralized AI can be a step towards a new economy. It is a win-win situation for everyone involved as AI can make smarter decisions and enhance the blockchain technology's capabilities.

Gaming and Metaverse

The gaming and metaverse industry is another area that is likely to see growth in the coming years. The metaverse is a virtual world where people can interact with each other in a shared digital space. The gaming industry has been a fast adopter of blockchain technology, and it is likely that this trend will continue. Decentralization is crucial in this space as it allows for the creation of a sustainable economy. A good game with a strong community can lead to a more sustainable metaverse.

Raising funds

When it comes to raising funds for your project, timing is everything. If your product is ready and the market is ready, then it’s the right time to start fundraising. You don’t want to invest when the market is going to do badly and your product is going to launch only in Q3. Investors are usually impatient, and they are not looking at something that is 10 years down the road. They want to see the return on their investment as soon as possible.

Investors have different strategies when it comes to investment, and some may ask for a vesting period of five years. However, if your product is good, there’s no need to wait for five years. For instance, if your project is good, by the start of the first year, the valuation could be $10 million, and by the end of five years, it could be $1 billion. Therefore, it's crucial to give them tokens in the beginning when the valuation is low, rather than waiting for five years and giving them everything when the valuation is high. It's a win-win situation, and they don't need to dump the market.

Investing in the right product is essential, and not all venture capitalists (VCs) are looking at it from the same perspective. Anndy suggests that timing is crucial, and not all VCs are looking at it from the same perspective. They are using LPs' money, and as long as they can build a nice return, they have done their job. Therefore, it’s crucial to find the right investor who likes your niche and what you do.

Investment is all about investing in value, and it’s crucial to invest in something that you like. Investing in people is a serious thing to do because people change faster than the code. However, that should not be the case when we talk about investment. You cannot invest in the person because your debt is Bill Gates, for example. It's essential to invest in value, and that’s something that you need experience. Invest in something that you like, and you will definitely grow.

When it comes to raising funds for your project, it’s crucial to find the right investor who likes your niche and what you do. Timing is everything, and it’s essential to fundraise at the right time when your product is ready, and the market is ready. Lastly, invest in value, not in the person, and invest in something that you like, and you will definitely grow.

 

The Importance of Timing in the Cryptocurrency Market

Cryptocurrencies have revolutionized the financial industry, and with the advent of Web3, the industry is expected to become even more innovative. But with the market still a bit bumpy, investors are uncertain and it's not advisable to go for something that's too out of the box. Timing is crucial when investing in cryptocurrencies.

According to Anndy, if you want to be listed on exchanges like Binance or Coinbase, now is the best time. The market is not at its best, and you have the money to pay for marketing. Building your project's narrative is key to getting listed as soon as possible. While some may argue that you need your product up and running before you can list, there are blockchain projects worth hundreds of millions that are still in the testing phase.

The most defining word in Web3 space is community. Building a community is key to marketing your project in Web3. The CEO must interact with the community, and Twitter is an excellent platform to do so. Connecting with people, whether through a heart shape or a thumbs up, is how you build a community.

Timing is everything in the cryptocurrency market. Knowing when to invest and when to build is crucial. Building a narrative for your project is key to getting listed on exchanges. The CEO must interact with the community, and building a community is how you market your project. With these in mind, you're ready to tackle the cryptocurrency market.

 

Ending

Investing in cryptocurrency can be a daunting task for beginners, but it doesn't have to be. In fact, investing in crypto can be easy and accessible to anyone who is willing to try. The secret is to start small and try it out. Don't wait for the perfect opportunity, just take the plunge and see what happens.

One common question beginners ask is how much they should invest in crypto. The answer is simple: invest what you can afford to lose. You don't need to put in a large sum of money to start investing in crypto. You can start with a tiny bit of investment and see how it goes. The goal is to try it out and learn from the experience.

The key to successful investing in crypto is to be consistent and not rely on luck. You have to understand the fundamentals and realize your profit. Once you have made a profit, you can reinvest it in other things that give you a higher return.

It's important to note that you have to know yourself before investing in crypto. You have to determine how much you can afford to lose and what your goals are. Investing in crypto is not about luck, it's about understanding the market and being consistent.

If you're a hard-working person, you can get involved in crypto projects by checking out some of the trends on Twitter. This will help you understand the market better and determine when the right time is to invest.

It's important to rebalance your investments and not hold on to them forever. This is something that many crypto investors forget. Realizing your profit and reinvesting it elsewhere will give you a higher return.

Anndy ended the interview with his famous quote- “Not financial advice.”

https://youtu.be/qiQc2joO9FM

 

Founders Club brings founders from all walks of life together. Sergey Kochnev interviewed Anndy Lian, an intergovernmental blockchain advisor, investor and book author at Dubai, Blue Waters Island.

Current state of crypto

Anndy was also asked about the current state of the crypto market and Bitcoin's future. He believes that the overall sentiments are not bad, and there is still hope for the market. The market has had a good run, and even though the projection towards a $30,000 run is around the corner, it's just a matter of perspective.

He also believes that investing in crypto is a long-term game rather than a short-term one. It's similar to investing in the stock market, where there are fluctuations, and people should expect them. He mentioned that during the 2016-2019 ICO era, people were having 10x and 100x gains within six or three months, which is not the case anymore.

Regarding the main trends in crypto, He stated that institutions are looking to create products using a basket of cryptocurrencies. They are not only interested in buying Bitcoin, but they also want to invest in other crypto assets.

Another trend is the rise of NFTs. They can represent anything from digital art and music to in-game items and virtual real estate. NFTs have become increasingly popular in recent years, with some pieces selling for millions of dollars. But with the rise in popularity of NFTs comes the risk of scams and bad actors in the space. By arming themselves with knowledge, people can avoid falling prey to bad actors and ensure they're investing in legitimate NFTs. This is the gist of Anndy’s new book, NFT: From Zero to Hero.

The problem with NFTs and Web3 is that some people are simply jumping on the hype train without truly understanding the technology. It's important for people to understand the utility of NFTs and how they can be used in real-life businesses and games.

While some may argue that NFTs are simply a web2 experience, it's important to remember that technology takes time to adapt and for adoption to take place. It's similar to the dot-com bubble of the early 2000s, where it took a decade for companies to become trillion-dollar businesses. But with the cycles of innovation becoming faster, it's likely that the adoption of NFTs and Web3 will happen more quickly.

How to gain crypto knowledge

Sergey asked about how one can gain practical knowledge in the cryptocurrency market? When it comes to cryptocurrency investment, many people focus on the potential gains and forget about the possibility of losses. It is important to understand that the experience of losing is just as much a part of the journey as winning. Therefore, it is essential to have practical knowledge before investing in this market. The first step towards gaining practical knowledge is research. Do not just read articles, try it out for yourself. You cannot claim to be an expert in something you have not experienced. Some people claim to work in exchanges or on projects without even owning an NFT or understanding how dynamic the market can be. Practical knowledge is key. Educate yourself about the market before investing. Knowledge is power and this applies to any investment, whether it's real estate, stocks, or cryptocurrency.

You cannot just jump into the market, hoping to get lucky and make a profit. Many people bought Bitcoin when it was at its peak, only to lose out when the market crashed.

It is also important to remember that hodling or holding on to a coin is not always the best option. You need to make your own decisions based on your understanding of the market. Do not blindly follow the advice of others without considering your own interests.

Looking ahead

Looking ahead to the end of 2023, it's difficult to predict where the market will go. However, it's clear that true decentralization and self-custody will continue to be important factors in the development of Web3 technologies. As the industry evolves, it will be important to stay focused on what is truly decentralized, and to avoid being convinced or confused by marketing hype.

Q3 and Q4 of this year will be a more promising time for the gaming industry. It's also expected that bigger brands in the US will find a way to keep themselves in the game, while maintaining a good reputation. This is a significant advantage for the industry, as it will drive more positive vibes and traction. Web3 is expected to remain a good muscle within the US ecosystem, even without cryptocurrency. The industry is hopeful that this new technology will usher in a new era of gaming that is more secure, transparent, and accessible to all.

Anndy ended his interview by emphasizing that gaining practical knowledge in the cryptocurrency market is essential before investing. It is not enough to rely on theoretical knowledge or the advice of others. Research, try things out, and make your own decisions based on your understanding of the market. Remember, knowledge is power.

 

https://youtu.be/hBfSLCEGDYg

A great deal of buzz has been generated by a novel type of non-fungible tokens known as Ordinal inscriptions. What sets these NFTs apart is that all of their data is etched onto the Bitcoin blockchain, diverging from Ethereum NFTs which are reliant on off-chain metadata that can be altered. Here’s a closer look at Ordinal inscriptions and their potential impact on the future of Bitcoin.

Ordinal inscriptions are a type of NFT that can be created on the Bitcoin blockchain, which allows for all of the data to be directly inscribed on the chain. This is in contrast to Ethereum NFTs, which rely on off-chain metadata. Due to this distinction, Ordinals are considered a potential solution to the challenges that are associated with Ethereum NFTs.

 

Ordinal inscriptions serve as a means of organizing data on the Bitcoin blockchain. The Bitcoin blockchain functions as a decentralized ledger of all Bitcoin transactions, and Ordinal inscriptions provide a unique identifier for each transaction.

While these identifiers are useful for tracking and verifying transactions, there are concerns about the potential for issues, such as “transaction malleability,” to arise as a result of Ordinal inscriptions. Some experts have raised concerns in this regard.

The term transaction malleability refers to the ability of a third party to modify a transaction ID without altering the transaction itself. This can result in confusion and make it more challenging to track and verify transactions.

The concern with Ordinal inscriptions is that if they are not used correctly, they may lead to an environment in which transaction malleability is more prevalent. This could have the effect of making it harder to rely on Bitcoin as a secure and dependable method of payment and transfer.

Fortunately, many experts in the crypto community are aware of the potential risks associated with Ordinal inscriptions and are taking steps to mitigate them. One of the most significant efforts in this regard is the implementation of Segregated Witness (SegWit).

SegWit is a software upgrade that allows for more efficient use of the Bitcoin blockchain by separating signature data from transaction data. This helps to decrease the size of transactions and reduces their susceptibility to malleability.

Beyond SegWit, ongoing efforts are being made to develop other solutions to address the potential risks associated with Ordinal inscriptions. The Lightning Network is one such solution, as it is a layer of two solutions that enables faster and less expensive Bitcoin transactions by conducting them off-chain.

 

Should you be concerned? If you are a casual Bitcoin user, you likely do not need to be overly concerned about Ordinal inscriptions. The potential risks associated with them primarily affect those involved in more complex Bitcoin transactions, such as multi-signature wallets or smart contracts.

 

Despite the potential benefits of Ordinal inscriptions, there has been a lot of debate over whether they are a “good use” of block space. As more Ordinals are being inscribed, the cost of Bitcoin transactions has risen. Ordinals introduce additional, non-financial data on the Bitcoin blockchain, which can bog down on-chain confirmation times. This includes images, audio clips, and even games. Those not in favour of Ordinals see this as an impediment to the ability of Bitcoin to scale and reach full global adoption.

Inscribing non-fungible characteristics to satoshis, the individual increments of Bitcoin, may challenge its use in place of conventional currency. Ordinals challenge the fungibility of satoshis on the Bitcoin network, as all satoshis should be equal, or they begin to lose a significant trait of money. But Ordinals can alter the value of these units of money, much like rare collectible coins. This debate over whether these individual units must be deemed equal is unfolding before our eyes and needs to be understood.

Bitcoin is money, and that’s the largest and most important use case, impacting the most people in the world. In the end, I believe that Ordinals will remain niche. While Ordinals may be viewed as exciting, they are unlikely to become the go-to choice for many people who use Bitcoin’s block space.

Ultimately, the markets decide. One of the biggest yet baseless claims is that Bitcoin doesn’t evolve or change. While there may be some truth to this, any changes to the protocol should be slow and methodological. Ultimately, the markets will decide whether Ordinal inscriptions are a viable solution for the challenges associated with Ethereum NFTs.

One key factor to remember about Bitcoin, and any other digital asset, is that its success depends on market demand. If the market values the features offered by Ordinal inscriptions, then they are likely to be adopted and integrated into the Bitcoin network. However, if the market does not value them, then they will remain a niche offering.

While Ordinal inscriptions may pose some potential risks to the Bitcoin network, the crypto community is actively working to address these issues. As long as you take appropriate precautions to protect your Bitcoin holdings, there’s no need to be overly concerned about this discussion in the short term. In fact, these discussions help to strengthen and test the resilience of the Bitcoin network. I see lots of positivity in this.

 

Source: https://intpolicydigest.org/what-do-ordinal-inscriptions-mean-for-the-future-of-bitcoin/

Indijas finanšu ministrs Nirmala Sitharaman ir paziņojis, ka Indijas valdība veic "detalizētas diskusijas" ar citiem G20 dalībniekiem, lai izstrādātu standarta darbības procedūru (SOP) kriptovalūtu regulēšanai. Ņemot vērā pašreizējo neregulēto vidi kriptovalūtām Indijā un visā pasaulē, Indija G20 samita ietvaros vēlas sadarboties, lai izstrādātu visaptverošu sistēmu. Sitharaman uzsvēra globāli koordinētas pieejas nepieciešamību kriptovalūtu regulēšanai nesenajā sanāksmē ar Starptautiskā Valūtas fonda rīkotājdirektori Kristalīnu Georgijevu.

Ideal decentralization refers to a system or network in which no single entity has control or the ability to make decisions for the entire system. Instead, power and decision-making are distributed among multiple participants, making it more difficult for any one person or group to manipulate or control the system. This ideal state could be Web4. 

Web4 is not a widely used term and it's not a consensus definition, so it may refer to different things depending on the context. However, some people use the term "Web4" to refer to the next generation of the World Wide Web, which would be even more decentralized and more focused on artificial intelligence, semantic web, and the internet of things, among other things. It would be characterized by more dynamic, autonomous, and interconnected systems that can learn from data, communicate with each other and adapt to changing environments. This would allow for more dynamic and adaptable systems that can learn from data and improve over time.

It's important to note that Web4 is not an official term and it's not a widely accepted concept in the industry, so the extent to which it would be more decentralized than the current web (Web3) or previous versions of the web would depend on how it is defined.

New decentralization

The idea behind Web4 is to create a more decentralized and autonomous web that allows for more direct interactions between users and devices without the need for intermediaries. This could include the use of decentralized technologies, such as blockchain, peer-to-peer networks, and distributed systems, to enable new forms of online interactions and services that are not controlled by centralized entities. Additionally, Web4 could also have a greater focus on AI and machine learning, which would allow for more dynamic and adaptable systems that can learn from data and improve over time.

Some of the advantages of a more decentralized web include:

Greater security and privacy, as users have more control over their data and online interactions

More open and transparent systems, as there is no central point of control or failure

Greater resilience and robustness, as the network can continue to function even if parts of it fail

More innovation and competition, as there are fewer barriers to entry for new players

Web4 is seen as the next evolution of the World Wide Web, building upon the decentralized technologies of Web3. In Web4, the user experience is streamlined and frictionless, with the underlying technical details abstracted away. This means that users won't need to worry about the specific blockchain being used, the intricacies of ZK-Rollups, or setting the right gas limit for transactions. The gas wars and transaction fees of the current web3 will be a thing of the past.

Moreover, Web4 has the potential to create a circular crypto-economy that transcends physical and digital boundaries, making the need for fiat on and off ramps obsolete. This would be a significant disruption in the current financial system.

There are other interpretations of what Web4 could be, such as the "symbiotic web," which refers to a symbiotic relationship between humans and machines, possibly even utilizing direct brain-machine interfaces.

Overall, the transition from Web1 to Web2, and now from Web3 to Web4, is similar in that it is a gradual process that opens new doors and invites more people to participate. While Web3 is still in its early stages and considered experimental, Web4 is expected to be more accessible and user-friendly, making it more widely adopted by the general public.

Where are the opportunities?

Web 4.0 offers a wealth of possibilities for companies and individuals. The symbiotic web will enable the creation of more personalized experiences, allowing businesses to better understand their customers and provide tailored content.

AI-powered automation will improve efficiency, speed up time to market and lower costs, giving businesses a competitive edge and better customer service.

The combination of hardware, software and data will enable the development of new products and services, such as connected devices that interact with users and gather data for personalization.

Web 4.0 also opens up new revenue streams, like targeted advertising or subscription services, using data collected.

Additionally, VR and AR applications will allow for new ways for businesses to engage with customers, for example, creating an AR application that allows customers to interact with products in a 3D space.

In summary, what do we see in Web4?

1) Industry 4.0 full automation

2) Decentralized sustainable metaverse + AR + VR

3) AI making steps into the decentralized realm

4) Real decentralized app and economies

5) Real power back to the users

Web5 and Jack

In 2022, Jack Dorsey, the former CEO of Twitter, emerged as a leading figure in the development of Web5. He shared his vision for the next generation of the internet at the Consensus crypto and blockchain conference. Dorsey's team at TBD, the Bitcoin-focused division of his fintech company Block (formerly known as Square), supports him in this endeavour.

According to Dorsey, Web5 is a solution to the issues he has with Web3, particularly his belief that it will never fully achieve decentralization.

“You don’t own ‘Web3.’ The [venture capitalists] and their [limited partners] do,” Dorsey said in a tweet, referring to the billions being poured into Web3. “It will never escape their incentives. It’s ultimately a centralized entity with a different label.”

“Know what you’re getting into,” he warned.

Ending note:

Yes, it's important to note that true decentralization is a core principle of a decentralized economy. This means that there is no central authority or intermediary controlling or managing the network or its transactions. Instead, power and control is distributed among the network's participants, and decisions are made through consensus mechanisms such as voting or proof of work. Decentralization ensures that the network is resistant to censorship, fraud, and other malicious activities and that the network's users have full control over their own assets.

Perhaps, Web4 is a chance for us to redefine decentralization, reform and improve decentralization, and revalue the true meaning behind decentralisation.

Tag: #web3 #web2 #defi #gamefi #decentralise #value #blockchain