W stale rozwijającym się świecie blockchain i kryptowalut koncepcja tokenizacji w świecie rzeczywistym zyskuje coraz większą popularność. Aby zgłębić ten temat, mieliśmy niedawno przyjemność poprowadzić pogawędkę przy kominku z Anndy Lian, międzyrządową ekspertką ds. blockchain i autorką książek.
Dyskusję prowadził Faraj, dyrektor handlowy Venom Foundation, sieci pierwszej warstwy z siedzibą w Abu Zabi, skupiającej się na stabilnych monetach i organizacji aktywów w świecie rzeczywistym na całym świecie. Faraj jest także założycielem dużej społeczności menedżerów zajmujących się kryptowalutami, liczącej około 2000 członków.

Azja Południowo-Wschodnia (SEA), szczycąca się populacją sięgającą 700 milionów i szybko rozwijającą się gospodarką cyfrową, stała się centralnym punktem innowacji i adopcji kryptowalut. Niemniej jednak panorama regulacyjna kryptowalut w regionie jest skomplikowana i stale ewoluuje, obejmując różnorodne podejścia i polityki w różnych krajach.
W tym artykule zagłębiamy się w obecny stan przepisów dotyczących kryptowalut w Azji Południowo-Wschodniej, badając wyzwania i możliwości, jakie stwarzają one zarówno dla branży kryptowalut, jak i użytkowników. Ponadto przewiduje, że trendy regulacyjne, które mają zyskać na popularności w regionie w 2024 r.

Miałem zaszczyt zostać zaproszony jako główny mówca na konferencji NFT 2023 Seoul, która odbyła się 1 września 2023 roku w COEX Convention Center w Seulu w Korei Południowej. Konferencja odniosła ogromny sukces, przyciągając wielu uczestników z całego świata, zainteresowanych najnowszymi osiągnięciami i trendami w przestrzeni niewymiennych tokenów.
Przemówienie nosiło tytuł „Podróż NFT w epoce sztucznej inteligencji i sieci Web3”. Podzieliłem się w nim swoimi spostrzeżeniami na temat ewolucji NFT i tego, co czeka ich przyszłość, w jaki sposób sztuczna inteligencja (AI) stwarza nowe możliwości i wyzwania dla NFT oraz jak Web3 wyłania się jako nowa wersja Internetu, bardziej zdecentralizowana, otwarte i zorientowane na użytkownika.

Anndy Lian wypowiada się na temat niedawnego upadku JPEX, platformy kryptowalut, która rzekomo oszukała tysiące inwestorów na kwotę ponad 1,4 miliarda HKD (180 milionów USD).
Upadek JPEX ujawnił ciemną stronę branży kryptograficznej w Hongkongu i zrodził poważne pytania dotyczące jej ram regulacyjnych.
JPEX, który twierdził, że jest platformą licencjonowaną i regulowaną, zwabił inwestorów krzykliwymi reklamami, rekomendacjami gwiazd i obietnicami wysokich zysków. Oferował własny token natywny, JPC, którym można było handlować wyłącznie na jego platformie, a także inne popularne kryptowaluty, takie jak Bitcoin i Tether.

Przewodniczący amerykańskiej Komisji Papierów Wartościowych i Giełd (SEC), Gary Gensler, trafił na pierwsze strony gazet w przestrzeni kryptowalut ze względu na swoje komentarze na temat statusu regulacyjnego różnych aktywów cyfrowych. Wielokrotnie powtarzał, że Bitcoin jest towarem, ale niechętnie mówił to samo w przypadku innych kryptowalut, szczególnie tych emitowanych w ramach ofert początkowych monet (ICO) lub w ramach jakiejś formy mechanizmu zarządzania. Wyraził także obawy dotyczące monet typu stablecoin i ich potencjalnego wpływu na system finansowy. Jaki był jego zamiar za tymi uwagami? Czy próbuje chronić inwestorów, tłumić innowacje, czy może coś innego?

Gary Gensler, przewodniczący amerykańskiej Komisji Papierów Wartościowych i Giełd (SEC), zwrócił na siebie uwagę w sferze kryptowalut ze względu na swoje poglądy na temat statusu regulacyjnego aktywów cyfrowych. Choć z całą pewnością określa Bitcoina jako towar, jego stanowisko w sprawie innych kryptowalut, szczególnie tych powiązanych z początkowymi ofertami monet (ICO) lub posiadających mechanizmy zarządzania, pozostaje enigmatyczne. Ponadto Gensler wyraził obawy dotyczące monet typu stablecoin i ich potencjalnego wpływu na system finansowy. W tym artykule zagłębiamy się w motywy stojące za jego wypowiedziami oraz to, czy wynikają one z ochrony inwestorów, tłumienia innowacji, czy też z innych względów.

Binance, największa na świecie giełda kryptowalut pod względem wolumenu obrotu, stoi przed wyzwaniem prawnym ze strony amerykańskiej Komisji Papierów Wartościowych i Giełd (SEC), która oskarżyła ją o naruszenie przepisów dotyczących papierów wartościowych i oszukiwanie inwestorów.
Binance i jej dyrektor generalny, Changpeng Zhao, złożyli pisma sądowe, starając się oddalić pozew, twierdząc, że SEC nie ma jurysdykcji nad ich działalnością i że przestrzegali wszystkich obowiązujących przepisów. Jednakże SEC nie zrezygnowała z pogoni za Binance i niedawno zwróciła się o dostęp do oprogramowania i dokumentów Binance.US, czego amerykański sąd odmówił.

Aktywa cyfrowe to cyfrowe reprezentacje wartości, w tym własność aktywów finansowych lub aktywów gospodarki realnej. Aktywa te mogą ułatwić bardziej wydajne transakcje, poprawić włączenie finansowe i odblokować wartość ekonomiczną. Aby stworzyć nowy ekosystem aktywów cyfrowych, waluty cyfrowe banku centralnego (CBDC), tokenizowane zobowiązania banków i dobrze regulowane monety typu stablecoin wraz z inteligentnymi kontraktami mogą służyć jako środki wymiany. Jednakże te nowe formy pieniądza cyfrowego muszą wykazać swoją użyteczność wykraczającą poza istniejące systemy płatności elektronicznych.

Pojawienie się tokenów niezamiennych (NFT) zapoczątkowało niezwykłą transformację w gospodarce kulturalnej i kreatywnej, rozpoczynając erę pełną nowych możliwości w ekosystemie web3. NFT oferują twórcom bezprecedensowe możliwości zarabiania na swojej twórczości, ustalania własności i nawiązywania kontaktu z odbiorcami w ekscytujący i innowacyjny sposób. Panel ten, zorganizowany przez WikiEXPO, bada, w jaki sposób NFT wzmacniają gospodarkę twórców i przyczyniają się do rozwoju i dobrobytu przemysłu kulturalnego.

Best selling book author, Anndy Lian gave his speech titled “Think Bigger In the next NFT Summer” at NFT.NYC 2023. NFT NYC is a yearly event dedicated to NFTs and blockchain technology, which has quickly become a major focus of the art and collectibles world. This immersive conference and festival attracts a wide variety of participants, including industry leaders, artists, collectors, and enthusiasts, who come together to explore the possibilities of NFTs. Attendees can learn about the latest trends, technologies, and best practices related to NFTs.

The concept of NFTs (Non-Fungible Tokens) has been in existence for some time now. However, while it has gained considerable popularity, it has also raised concerns amongst some people. Many individuals have developed a negative perception of NFTs due to the hype surrounding them. There have also been instances of NFT wash trades, which are used to inflate NFT prices artificially. Additionally, some NFTs have no practical use, and some are regarded as securities, which is a regulatory issue.

Despite this, the NFT craze is far from over, and it could be just the beginning of a new era. Big names like Gucci, Porsche, Starbucks, Amazon, and Red Bull Racing have started investing in NFTs, which suggests that the market is gaining traction and legitimacy. This year could be the last NFT summer where people only see NFTs as a speculative asset.

In 1999, Bill Gates predicted that everything would be on the internet. Jack Ma did the same in China, but people thought it was impossible. Now, we are living in a world where the internet is an integral part of our daily lives. If we continue to use our current mindset to envision the future, we risk being left behind, just like those who laughed at the internet in its early days.

We need to broaden our minds and start thinking beyond the current limitations of NFTs. NFTs can be used for anything, from digital art and music to virtual real estate and gaming items. The possibilities are endless, and the new assets are in the digital world. Crypto natives need to think bigger and explore the true potential of NFTs.

Although we currently view NFTs as speculative, we must start using them in the future we create. Big brands have recognized this and are willing to invest in the technology. It is time for us to move past the current hype and start creating and exploring the digital world that awaits us.

The full video of this speech can be obtained at https://youtu.be/cLAP1htYwD4.

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

 

Klub Założycieli zrzesza założycieli ze wszystkich środowisk. Sergey Kochnev przeprowadził wywiad z Anndy Lian, międzyrządowym doradcą ds. blockchain, inwestorem i autorem książek w Dubai, Blue Waters Island.

Obecny stan kryptowalut

Andy został również zapytany o obecny stan rynku kryptowalut i przyszłość Bitcoina. Jego zdaniem ogólne nastroje nie są złe i nadal jest nadzieja dla rynku. Rynek ma się dobrze i mimo że prognozy na poziomie 30 000 dolarów są już blisko, jest to tylko kwestia perspektywy.

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/

India's Finance Minister, Nirmala Sitharaman, has stated that the Indian government is in "detailed discussions" with other G20 members to develop a standard operating procedure (SOP) for regulating cryptocurrencies. Given the current unregulated environment for cryptocurrencies in India and globally, India is seeking a collaborative effort, on the sidelines of the G20 Summit, to develop a comprehensive framework. Sitharaman emphasized the need for a globally coordinated approach to regulating cryptocurrencies in a recent meeting with the International Monetary Fund Managing Director Kristalina Georgieva.

The G20, comprising 19 countries and the European Union, representing around 85% of the global GDP, over 75% of global trade, and about two-thirds of the world population, is working with India to develop a "coherent, comprehensive approach" to regulate cryptocurrency mining and transactions.

In India, the cryptocurrency trade currently attracts a 30% tax and a 1% tax deducted at source (TDS). Although the government has not yet prepared a regulatory framework for cryptocurrencies, it introduced new crypto tax penalties, including jail time for nonpayment of crypto TDS. Meanwhile, India's central bank, the Reserve Bank of India (RBI), has continued to recommend a complete ban on crypto assets, including bitcoin and ether. RBI Governor Shaktikanta Das has warned that cryptocurrencies pose a risk to the country's financial system and will cause the next financial crisis if they are not banned. The Indian crypto industry has challenged the government's stance on cryptocurrencies, advocating for regulatory clarity and a favorable operating environment.

Sitharaman's call for a coordinated approach to regulating cryptocurrencies is a significant development that highlights the need for international collaboration to develop comprehensive regulatory frameworks for digital assets. The outcome of the discussions within the G20 will be closely watched by industry stakeholders and governments around the world as they could provide a model for regulating cryptocurrencies in other countries.

My humble opinion is that I have no objections to forming regulatory frameworks to protect users, but having uniform regulations throughout G20 countries may not work. The global cryptocurrency market is highly fragmented, with different countries and regions having different regulatory frameworks and approaches to cryptocurrencies. Cryptocurrencies are also highly diverse and complex, and any attempt to impose uniform regulations may not take into account the nuances and specificities of different types of cryptocurrencies. Moreover, there may be differences in the priorities and interests of different countries and regions when it comes to regulating cryptocurrencies. Finally, even if uniform regulations are agreed upon, enforcing them may be a challenge, given the decentralized nature of cryptocurrencies and their anonymous transactions.

In traditional finance, achieving global harmonization has been a long-standing goal of regulators and industry participants. However, despite years of effort, there are still significant differences in the regulatory frameworks across jurisdictions, and achieving uniformity is a complex and ongoing process. Therefore, it's possible that the cryptocurrency industry may also face similar difficulties in achieving global harmonization. Nonetheless, striving for uniform regulations is essential to promote transparency, consistency, and stability, which can help build trust and confidence in the industry, promote innovation, and protect consumers.

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