A new beginning! A16z partner Chris Dixon explains why Web3.0 is different and why it matters

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a16z partner ChrisDixon tweeted about the importance of Web3.0, in which NFT, cryptocurrency and decentralization will be the main core. It seemed to herald the end of the era of tech giants. But there are pros and cons."

Web Age process

1, Web1(circa 1990-2005) : Driven by decentralized, community-governed open source protocols, the primary value is generated at the edge of the network, namely users and builders.

2, Web2(ca. 2005-2020) : Independent and centralized services are mainly provided by enterprises, with the main value concentrated in a few enterprises such as Google, Apple, Amazon and Facebook.

3, Web3(currently in the beginning) : it combines the decentralized, community governance spirit of Web1, the advanced, modern features of Web2, is a common user and builder, and Token driven by the Internet. The problem with Today's tech Giants

Chris Dixon cites his 2018 article on the issue of centralized platforms, which are rising as follows:

1. Recruit users and third parties (creators, developers) to enhance their own network effects. The influence of the platform on users and third parties is growing steadily. When the platform reaches S,


3 are adopted at the top of the curve. The relationship between the platform and network participants changes from a positive sum to a zero sum

4. Platforms need to extract user data and compete with (former) partners to continue to grow.

examples include:

*Microsoft and Netscape

*Google and Yelp

*Facebook and Zynga

From a third party perspective, the transition from collaboration to platform competition is like a classic Baitand Switch process. So over time, top entrepreneurs, developers, and investors have learned not to develop on centralized platforms: it kills new innovation." In Web3, ownership and control is decentralized, users and builders can hold NFT, Fungible Token (FT) and other tokens and enjoy specific network services.

NFT gives the user property rights: the ability to own part of the Internet.

NFT enables users to own objects, such as art, photos, code, music, and anything imaginable, and users can earn NFT and FT tokens by purchase or reward. Dixon cited the Uniswap airdrop of governance tokens as an example and believes similar rewards will become more common in Web3.

in Web3, as Dixon describes it, users can earn tokens through activities that allow participants to work together toward network growth and token appreciation. Previously, value was monopolized by the tech giants, who ultimately competed with users and partners, but Web3 offers a new way to combine the advantages of the pre-web era.

Dixon concluded that Web3 is still in its early stages and is a good time to get involved. "A lot of people don't understand that cryptocurrencies are actually the third generation of the Internet," the CEO of Coinbase tweeted. "With decentralization comes Web3, which is perfectly aligned with the goals of financial inclusion and resisting the power of the tech giants." Luke Youngblood, SENIOR Engineer, Coinbase,

: Sadly, I've seen many developers and businesses dismiss Web3 as a bubble with no use cases other than speculation. It's as stupid as ignoring the AppStore back in web2. Crypto is creating wealth, and the early adopters are visionary." Since Dixon only mentioned Ethereum in his article, there was a counter-argument: "Web3 sounds great, but that was before you tried deploying smart contracts on Ethereum and it cost $8,000." Another twitter user pointed out that Dixon's tweet about Web3 and decentralization was despairing, saying nothing about a truly decentralized bitcoin, and that tokens controlled by VCS and developers have no degree of decentralization.