Huobi Ventures Weekly Report #22

Huobi Ventures Weekly Insights

Insight provided by Ian of Huobi Ventures

What is Web 3.0 & How will it change the world in 2022

2021 was a busy year for the crypto world, with a lot of happenings in the market, fundraising and projects. One of the superhot topics was Web 3.0. But what is Web 3.0 exactly?

Introduction

• Web 2.0 is certainly not the final form of the Internet. The weakness and problems exposed in Web 2.0 will be solved with decentralized technologies;

• If Web 2.0 is about “providing”, then as discussed nowadays Web 3.0 will be about “distributing”;

• While Web 2.0 brought about social networking, Web 3.0 will introduce unexpected and exciting applications and products.

The Web 2.0 wave has given birth to many great Internet companies. Those commonly known Web 2.0 giants include Google, Facebook, Twitter, etc., whose loyal users have generated most of internet traffic.

Under Metcalfe’s Law, as the number of Internet users rises, the rapid accumulation of user behavior data allows the financial valuation of business giants to reach a point where they are ‘’too big to fail’’.

As the giants continue to obtain more user data, the user tagging data will rapidly expand. With the acquired data, these giants are able to train and iterate towards more efficient algorithms in order to generate more business returns and occupy a bigger market share.

While each country has laws and regulations in place for governing these giants, what the actual source of data — those who provide the fundamental input of such a profitable cycle — the ordinary customer can get as incentives or rewards? Nothing, and instead, they become customers who pay to use the products of these giants whilst providing valuable behavioral data. Doesn’t this sound absurd? The users who offer the core value (data) of Web 2.0 are actually the consumers who pay to keep the whole Internet running.

Web 3.0 is reforming towards creating ‘user data access authorization’, ‘user identity authorization’ and a system of ‘what data can be authorized to whom’.

In the future, there might even be a feature of auction(s) where Internet companies can get access rights to user information and data. This will inevitably change the relationship between users and the Internet giants and will enable innovative SMEs to have the same access rights to user data as the giants, thus distributing part of the benefits or equity to the users who provide the data in the first place.

Conclusion: Web 3.0 will bring in a new model of asset and value distribution to the Internet.

Huobi Ventures Latest Update

Huobi Ventures announced partners with Mizar.

Portfolios Weekly Status

[Acala]

Acala announced the launch of $aUSD, Acala’s decentralized, multi-collateral stablecoin. Details

[All Art]

ALL.ART Partners With Darkblock to Bring Unlockable Content to SolSea NFT Marketplace. Details

[Assembly]

Mesh Plus joins the Assembly ecosystem to accelerate the development of the first incentivized. Details

[Atlas Finance]

$ATS staking will be live on its platform this month. Details

[Biconomy]

Biconomy announced a partnership with The Sandbox. Details

[Boba Network]

XDAO was successfully deployed on Boba Network. Details

[CESS]

CESS started testing the decentralized cloud storage system v0.2.0 version. Details

[Chingari]

KuCoin Presents Chingari star Contest with massive rewards worth Rs 20 Mn. Details

[Connext]

Connext is bringing its interoperability protocol to zkSync. Details

[DeFi Yield]

Terra Now LIVE On DeFi Yield. Details

[ERA7]

ERA7 will have IFO on Pancakeswap. Details

[Eizperchain]

Beta version is coming soon. Details

[Immutable]

Immutable is taking another leap forward in the gaming & blockchain industry by partnering with GameStop to power their NFT Marketplace. Details

[Lithium]

Introducing Lithium Finance New Roadmap. Details

[Moonbeam]

Moonbeam at ETHDenver 2022. Details

About Huobi Ventures

Huobi Ventures is focused on growing its venture investment portfolio and supporting blockchain projects through long-term investment strategies.Huobi Ventures aims to identify strategic opportunities across different blockchain verticals to complement and expand Huobi’s product offerings. Acquisitions will be integrated into Huobi’s growing suite of blockchain-enabled applications and services to expand the business into new markets.

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Focus on Huobi’s venture investment portfolio and supporting innovative blockchain projects through long-term strategies. Twitter:@HuobiVentures

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Huobi Ventures

Huobi Ventures

Focus on Huobi’s venture investment portfolio and supporting innovative blockchain projects through long-term strategies. Twitter:@HuobiVentures

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