How is Web3 different from the current experience? · TechNode

3D data, networking, and visualization technology has evolved so much in the past decade that many people and businesses are now in the early stages of building the next generation of web experience. They call it Web3, unlike the current Internet experience (Web 2.0). It is still too early to say what this experience might bring, but many hope for a more decentralized experience where users have more ownership over their digital assets and the data they generate.

Three tech entrepreneurs in the Web3 space discuss the fundamental differences between Web3 and our current online experience in a panel discussion held on September 26 at Post Expo 2022 Technology Conference, held online at BEYOND Metaverse. They are Wilson Wei, founder and CEO of the CyberConnect social graph protocol; Eric Liu, Founder and CEO of Digital Apparel Design Software Style3D; and Suji Yan, founder and CEO of Mask Network, a portal that allows users to use decentralized applications on traditional social media platforms.

Wilson Wei, founder and CEO of CyberConnect (bottom left). Eric Liu, founder and CEO of Style3D (bottom right). Suji Yan, founder and CEO of Mask Network (top right). RADII’s managing editor (top left and moderator). attributed to him: BEYOND EXPO

The text below has been shortened and edited for clarity.

Wilson Wei, Founder and CEO of CyberConnect

We had no ownership of online assets during the Web 2.0 era, and thanks to blockchain technology, we now own them [in Web3]. For the first time, users will be able to own their own items completely decentralized, without any kind of central party giving them the right to own any assets. That’s why we’re building the social protocol to give data, especially important data like social graph data, into the users’ hands.

In the age of Web 2.0, there is a lot of important social data. For example, you know how the Facebook login was very powerful when they opened the API, and in China, the WeChat login is very powerful. For users, when you log in to different scenarios, sometimes you are allowed to transfer your social graph to the other app, but sometimes not. Many people don’t actually know why. The reason is that you do not own this data at all.

Centralized platforms, which you spend years building your social graph with, own all the data you created on their platforms. This is a problem.

For content creators, like any YouTubers who spend years building their livelihood on YouTube, they have absolutely no bargaining power against the platform because they don’t own any data, and they don’t have the option to easily move to any other platform. If they try to create another account on any other new media platform, they will have to reboot all over again. This is a huge problem for social status movement or social capital mobility, and this was not possible before on Web 2.0 because the infrastructure is purely centralized.

I think having your social status is the key thing, and we also have to build the infrastructure to enable users to build their status the way they have. And that’s what I think, other than crypto assets, is the most important thing that differs from Web 2.0 to Web3.

Eric Liu, Founder and CEO of Style3D

We are in the fashion business, and before it was a fashion business, it is now a digital fashion business.

Copyrighting digital assets will be much easier in fashion than Web2. All decentralization can create digital copyright-based content at a lower cost, make it more convenient, generate more convenient transactions, and generate more profits.

In the physical world, we mostly use computers to solve pain points. For example, we offer our core products, such as 3D digital product software, digital asset management platform, online collaboration platform, and more. But in the virtual world, what we can offer are the infrastructures of fashion and virtual 3D cloth, such as technology, application of design, 3D modeling and 3D digital content itself.

We are trying to connect the physical world and the digital world through the technology of digital twins, and we hope that whether it is digitizing the physical world or rendering the 3D world, we will be the provider of essential technology and content for as long as you want to make something in fashion.

Suji Yan, founder and CEO of Mask Network

A decentralized social network is similar to the public forum of ancient Rome. This is Web3 Rome and in every aspect, Web 2.0 and the current ecosystem we live in have at some point let us down, and haven’t improved in the last 10 years since the advent of the mobile internet. So I think that’s something we’re going to change.

Decentralization rebuilds social consensus. I believe that in the next 20 years, a new kind of social consensus will be formed during this crypto war against the regulator’s community. And we will create new laws during DAOs (Decentralized Autonomous Organizations), during the start of these DAOs.

You don’t want a single point of failure, which can happen at any time and steal your assets or just disappear. Decentralization can help with that. It also means that the consensus comes from the community, the crowd, or a decentralized and unbiased set of decision makers or machines. This kind of level of trust is what decentralization can provide and no central party can provide.

even if [a centralized party] It is a wonderful company. It’s a great product. It’s a great team, you know, companies like Google, it’s a great brand. They said, “Do not do evil,” but he does not always do evil. It’s not like you can’t do evil. Decentralization cannot do evil and it cannot be evil. You don’t have to trust anyone. You only trust the coding, the virtual machine, and the blockchain, and this will boost your productivity much more when we cooperate on all sides because of trust.

Leave a Comment