Web3 refers to the third generation of the World Wide Web, which focuses on decentralized technologies such as blockchain and peer-to-peer networks. Web3 technologies have the potential to disrupt traditional centralized models and enable greater user control, privacy, and security.
There are a few reasons why Web3 is gaining popularity:
Decentralization: Web3 technologies are decentralized, meaning they are not controlled by a single entity or organization. This can give users greater control over their data and assets and reduce the risk of censorship or interference.
Security: Web3 technologies are designed to be more secure than their centralized counterparts. For example, blockchain networks are secured through cryptographic techniques, making them resistant to tampering and fraud.
Privacy: Web3 technologies can help preserve user privacy by allowing individuals to control their own data and assets rather than relying on a third party.
Interoperability: Web3 technologies are designed to be interoperable, meaning they can work together and exchange data seamlessly. This can enable the development of new and innovative applications and services.
The popularity of Web3 technologies is driven by the potential for greater control, security, privacy, and interoperability in the digital world.
But does the wider audience in the crypto space think the same? How do we survive and strive in the Web3 environment? This topic is covered by a panel of experts at Twitter Spaces on 30th Dec 2022 at 21:00 SGT.
Hosted by Blockcast (https://twitter.com/Blockcastcc) and
Co-Hosted: Bybit NFT (https://twitter.com/Bybit_NFT) and Bybit Web3 (https://twitter.com/Bybit_Web3).
Moderated by Scott Tripp, Marketing Lead of Blockcast.cc.
With the following guests discussing the Web3 topic:
– Allan, Head of Operation, Moledao
– Anndy Lian, Book Author, NFT: From Zero to Hero
– Grace, CMO of TwitterScan
– Jenny Zheng, BD Lead of Bybit NFT
– Yoka, Secretary General of ABGA
The following were the discussion points:
1. Please introduce yourself and your project. What do you like the most and least about working in this industry?
2. What should we pay attention to in web3, and what challenges and opportunities will there be?
3. What is your favourite Web3 project at the moment? Why? What makes a successful web3 project?
4. For the frequently happening hacks and scams in web3, what advice do you have for the audience? What are the risks? What preparations do users need to make before they start their web3 journey?
5. What to Expect From Web3 Gaming/Defi in 2023?
In conclusion, here are a few tips that might help you survive and thrive in the Web3 ecosystem:
Keep learning: The Web3 ecosystem is constantly evolving, so it’s important to stay up-to-date on the latest developments. This can be done through online courses, attending conferences, and following industry leaders on social media.
Network: The Web3 ecosystem is still small and tight-knit, so networking with other professionals can be incredibly valuable. Join online communities, attend meetups, and participate in hackathons to meet others in the industry.
Focus on a specific area: While it’s important to have a broad understanding of the Web3 ecosystem, it can also be helpful to focus on a specific area and become an expert in that field. This could be a particular protocol, platform, or application.
Experiment: The Web3 ecosystem is still in its early stages, so there is much room for experimentation and innovation. Don’t be afraid to try new ideas and approaches, and be open to learning from your failures.
Stay positive: The Web3 ecosystem is full of challenges and setbacks, so staying positive and maintaining a growth mindset is essential. Keep an open mind and remain resilient, and you’ll be well-equipped to handle whatever comes your way.
