Jan.2022, Lesley@footprint.network

Data Source: Footprint Analytics

2021,web32021,The concept is being discussed more and more, becoming a Reuters evaluationOne of the top 12 tech buzzwords in 2021

. Web3 represents the next stage of Internet iteration, representing an open network world. In 2022, people expect even greater development of web3.

In this article, we will introduce what is web3, its characteristics and some representative projects.

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web3 is developed based on blockchain technology, and its core lies in decentralization and decentralization to the people. Netizens will control their own information in their own hands, instead of being arbitrarily controlled by technology companies. Through blockchain technology, web3 can reintroduce true ownership and verifiability, reopen the Internet, and form a secure peer-to-peer interaction.

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What are the sections of web3

The scope of web3 is very broad, but it is generally developing towards a decentralized network based on blockchain. Building a web3 network requires the efforts of many people. Based on the development and application of technology, web3 already has a preliminary structure.

At the level of decentralized infrastructure, the most basic network architecture, privacy protection, data storage, and project operation methods of DAO governance are required. At the level of decentralized applications, projects such as creator economic platforms, social entertainment, and games will appear.

In this article, we will introduce the five representative projects of web3.

The infrastructure representative of web3 - Polkadot, a cross-chain solution

In the web3 era, people expect to build a decentralized Internet, but the current blockchain information cannot communicate with each other, and there is no possibility of communication and interoperability. In other words, the current blockchain cannot carry a huge network.

Established in 2015, Polkadot Chain is a heterogeneous and scalable multi-chain protocol. What I want to solve is the problem that the independent blockchains cannot communicate with each other now. Therefore, Polkadot is a classic underlying infrastructure leading to web3.

• The construction of the Polkadot network has three main parts.

• Parallel chain: expand the capacity of the blockchain horizontally through the parallel chain, responsible for data calculation and transaction information processing;

• Relay chain: verify the blocks given by each parallel chain, and give a proof of final certainty, responsible for network sharing security, consensus and cross-chain interoperability;

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Footprint Analytics - Polkadot Stats

fromfromIt can be seen that the current circulation rate of the Polkadot chain token DOT is still very high, indicating the vitality of the Polkadot chain. With the popularity of the web3 concept, the number of projects on the Polkadot chain has reached 529, covering tools, wallets, stable coins, DeFi, infrastructure and other aspects.

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web3 Identity - Decentralized Domain Name ENS

As one of the web3 infrastructures, ENS has functions such as helping users manage addresses and simplifying the payment process on the chain. It solves the very important user experience problem on the way of web3 popularization, and is an important project in the web3 era.

Footprint Analytics - ENS Token Price

image descriptionAfter the popularity of decentralized domain names has passed, the currency price has been falling steadily.Footprint Analytics data shows

After the further development of the web3 network in the future and people paying more attention to their own decentralized identity proof, decentralized domain names may regain their vitality.

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Representative of web3 data storage - Arweave, a decentralized storage platform

In addition, most of the blockchain data is currently stored on its own chain, which has caused certain technical difficulties for the project party and users' concerns about centralization. Therefore, Arweave has a huge market space.

Footprint Analytics - Arweave Trading Volume & Token price

image descriptionFrom the perspective of currency price and transaction volume

Decentralized storage is in line with the characteristics of open source, transparency and data dispersion in the web3 era. To have decentralized services, a strong decentralized data storage foundation is required.

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The representative of web3 games - metaverse game decentraland

Compared with the advanced web3 infrastructure protocol, the more practical application layer protocol is closer to the lives of the public, and it is easier for more people to understand web3 and understand web3. One example of this is web3 gaming. As a web3 application with rich information, strong interactivity, and low barriers to entry, games will definitely play an active role in the popularization of web3.

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Footprint Analytics - Decentraland Trading Volume & Token Price

data can be seen, Decentraland's currency price is greatly affected by the transaction volume, which reflects that transaction volume is a very important data indicator for decentralized games.

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Representative of web3 creators - writing platform Mirror

Mirror is a decentralized writing platform built on Ethereum that helps creators crowdfund by providing them with token issuance tools.

As mentioned earlier, web2 is the era of creators, and of course web3 also needs the participation of creators. The advantages of the web3 creator platform are mainly censorship-resistant and profitable.

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About Footprint Analytics:

Footprint Analytics is a one-stop visual blockchain data analysis platform. Footprint assisted in solving the problem of data cleaning and integration on the chain, allowing users to enjoy the zero-threshold blockchain data analysis experience for free. Provide more than a thousand tabulation templates and a drag-and-drop drawing experience, anyone can create their own personalized data chart within 10 seconds, easily gain insight into the data on the chain, and understand the story behind the data.

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