Article: Is it the manifestation of Web 3.0?

Decentralized Internet, Digital Content, Web 3.0

Is it the manifestation of Web 3.0?

People need, want, and hunger for new experiences. It is useless to deny that irritation is beginning to set in among social media users, who are witnessing the continuing contraction of freedom of expression online, turning them into refugees from Facebook, Twitter, and the like.

Metaverses are becoming the havens of those disenchanted users. It is indicative that so many companies are dedicated to creating blockchain-based metaverses, since they go where the money is.

Blockchain technologies may play an important role in the transition to Web 3.0 in the near future and act as a starting point for its rise. Perhaps the metaverses that are being developed today will become the social networks of tomorrow.

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Article: Future of NFTs – why art is just the beginning

Decentralized Internet, Digital Content

Future of NFTs – why art is just the beginning

I am more than sure that NFTs will make a real revolution not only in the field of art but also become that very “identity”, a digital passport of a person. In fact, with the help of such tokens, it will be possible to vote, record data on work and education there, which will make a real revolution in all areas of our life – after all, the blockchain cannot be fooled.

When Instagram or Twitter irrevocably blocks accounts that they believe violate community guidelines, it seems that we are investing our energy, and time in developing not our digital profile, but these companies (both in terms of user acceptance and advertising revenue perspective),

This does not mean that companies are wrong – they ultimately have the final say on what can and cannot be published on their platforms. But what if we could definitely save all the content created for each platform?

For this to happen, we must truly own our digital content – and therefore our digital identity.

Article: Interplanetary File System Could Pave the Way for a Distributed, Permanent Web

Data, Decentralized Internet, Open Source, Web 3.0

Interplanetary File System Could Pave the Way for a Distributed, Permanent Web

“IPFS is general purpose, and has little in the way of storage limitations,” wrote Neocities founder Kyle Drake in a blog post announcing his company’s decision to become the first major website to implement IPFS. “It can serve files that are large or small. It automatically breaks up larger files into smaller chunks, allowing IPFS nodes to download (or stream) files from not just one server like with HTTP, but hundreds of them simultaneously. The IPFS network becomes a finely-grained, trust-less, distributed, easily federated content delivery network (CDN). This is useful for pretty much everything involving data: images, video streaming, distributed databases, entire operating systems, blockchains, backups of 8-inch floppy disks, and most important for us, static web sites.”

Ultimately, these core notions behind IPFS may be one solution to build a distributed, permanent web. It’s one possible alternative to the brittle and hypercentralized system that we’ve now arrived at with outdated protocols like HTTP — and potentially a useful hedge against an uncertain future.

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Article: To Succeed In Decentralizing Digital Identity, Focus On Relationships First

Decentralized Internet, Open Source, Web 3.0

To Succeed In Decentralizing Digital Identity, Focus On Relationships First

Decentralized identity technology aims to do much better, making users and their devices the sole authoritative sources of personal data by using digital identity wallets. These would function as if they were payment wallets, where a user could dole out as much personal data on request as they see fit to share in even more privacy-enhanced ways. Trusted issuers would lodge the data in the form of tamper-resistant verifiable credentials (VCs), and verifiers would have ways of retrieving and checking the sources of these VCs. Distributed ledgers serve to underpin issuer networks.

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Article: Inventor of the World Wide Web is auctioning its original source code as an NFT

Crypto, Digital Content

Inventor of the World Wide Web is auctioning its original source code as an NFT

In particular, the NFT that Berners-Lee will be selling consists of four parts according to Sotheby’s: “original time-stamped files containing the source code written by Sir Tim; an animated visualization of the code; a letter written by Sir Tim reflecting on the code and the process of creating it; as well as a digital ‘poster’ of the full code created by Sir Tim from the original files using Python including a graphic of his physical signature.”

Berners-Lee never patented his inventions of the world wide web and the first browser, releasing the source code for free instead. Together with his wife Rosemary Leith, Berners-Lee sits on the board of the World Wide Web Consortium, which they co-founded in 2009 to advance the open web as a public good and a basic right.

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Article: How DeFi Paves the Way for Financial Inclusion

Decentralized Internet, Innovation, Money

How DeFi Paves the Way for Financial Inclusion

According to the World Bank’s report from 2017, approximately 1.7 billion people worldwide don’t have a bank account today.

Not having access to this fundamental financial instrument is the main factor that stops them from realizing certain everyday functions. However, decentralized finance (DeFi) was created to meet all the requirements and demands of traditional banking — security, privacy, and accessibility — in a new way.

By transferring financial operations onto the blockchain, people will only need a smartphone or portable PC and a stable Internet connection to access the global financial system 24/7. How’s that for a step in the right direction?

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Article: The Lessons of Web 2.0 Teach Us How to Prepare for What Comes Next

Civil Society, Decentralized Internet, Web 3.0

The Lessons of Web 2.0 Teach Us How to Prepare for What Comes Next

While these are problems, they are problems born of the Web 2.0 model. Web 3.0 offers a different proposition – one where revenue models need to be aligned to the incentives of the ecosystem participants. If Web 3.0 is the future of the internet, then we should be preparing for a scenario where broken models aren’t built into the architecture of the ecosystem. Furthermore, decentralization and data sovereignty offer the potential to completely rethink revenue models.

Therefore, the focus is now on launching a solution that’s fit for Web 3.0 – a trustless referral network for the tokenized economy. Many aspects of online marketing are set to change significantly. In the Web 3.0 environment, there are to be no centralized points of control, which means no dependence on intermediaries. A trustless referral network will allow any referral to be rewarded through the use of a decentralized validator network that confirms all successful sales.

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Article: The rise of NFTs must be accompanied by further decentralization

Crypto, Decentralized Internet, Digital Content

The rise of NFTs must be accompanied by further decentralization

As the nonfungible token market continues to thrive, it stands to reason that more and more people will continue to move towards the use of highly decentralized blockchains that offer a high level of data transparency and flexibility to their users in terms of trading NFTs, especially when compared with centralized solutions such as Rarible, OpenSea, Binance NFT, etc.

Today there are Byzantine fault tolerant (BFT) cluster-based blockchains that have been tailor-made for handling NFT database management duties. A decentralized database can provide users streamlined access to a data delivery network that ensures a high level of protection from data breaches, network failures and performance troubles — all issues that currently plague the global NFT ecosystem in a big way.

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Article: Cross-Chain Protocols: Changing The Face Of Blockchain Ecosystems With Integration Solutions

Blockchain, Decentralized Internet

Cross-Chain Protocols: Changing The Face Of Blockchain Ecosystems With Integration Solutions

Despite the innovations, blockchain networks were still limited to their ecosystems until the introduction of cross-chain solutions. This new blockchain infrastructure seeks to enable data sharing and communication between various blockchain networks. In doing so, the blockchain ecosystem will operate as a wholesome network where users can leverage multiple products across the entire digital asset market.

Unlike typical blockchain networks, projects with a fundamental cross-chain architecture are built on interoperability protocols. This form of infrastructure allows blockchain ecosystems to connect seamlessly. Cross-chains enable private blockchains to integrate with fellow private ecosystems and public blockchains as well.

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Article: Social applications are the next big trend in crypto

Crypto, Decentralized Internet, Media, Open Source, Web 3.0

Social applications are the next big trend in crypto

In particular, crypto communities have grown and evolved in various new and exciting ways, with Twitter serving as a dominant space for discourse, followed by Reddit and, more recently, Clubhouse. Discord and Telegram have mainly served as community management tools and outlets for project-specific conversations.

The common denominator? None of these platforms really abide by the crypto principles of decentralization, privacy and user rights. A redesign of social media and community spaces in line with core crypto principles seems inevitable, not just for a safer medium of expression but also for an elevated economic ecosystem focused on thriving.

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