Web3 innovations are replacing middlemen with middleware protocols
Thanks to the DeFi revolution, it’s no longer companies extracting value from users, rather it's developers extracting value from protocols. Cryptocurrencies and the wider blockchain ecosystem are helping change the status quo of how we conduct our day-to-day lives. With these emerging technologies, Web3 is being ushered in as a permissionless and open innovation using middleware blockchain protocols. By doing so, they’re replacing middlemen software-as-a-service (SaaS) companies by capturing value at a greater level.Middleware protocols are by no means new. After all, Web2 is supported by....
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Web3 has taken huge strides towards a fully self-sustaining ecosystem of peer-to-peer transactions and frictionless finance this year. In order to develop a healthy web3 economy, new services like Automata Network will help fulfill the wide list of market demands like private computation. Automata Network is described as the last piece of the web3 puzzle, […]
With the rapid pace of progress and innovation, blurred together with at least as much buzz-word saturated hype, it can become easy to get lost in the growing wave of news, advertisements, and social media blasts around the next big thing. Two of these buzzwords driving conversation are “Web3” and “Dapp”. What makes it more difficult is that you can’t just dismiss the news on either term. There are genuinely world-changing innovations that are being developed, and entire ecosystems are growing so rapidly that they feel like they are appearing overnight. It might be worthwhile to pause,....
Cointelegraph breaks down Web3 and how it can create a better version of the internet and give back control to the people. In the newest episode of Cryptopedia, Cointelegraph's Jackson DuMont dissects Web3 and gives an insightful overview of how the next generation of the internet works. DuMont discusses the basics of Web3 and how it’s different from its predecessors Web1 and Web2.Web1 was the first version of the internet, which occurred from 1991 to 2003. It involved static and read-only HTML web pages with simple design, and DuMont described Web1 users as only "consumers of content." On....
A year ago, the blockchain industry landscape consisted mostly of technology companies. It was dominated by various blockchain protocols (eg bitcoin, Ethereum, Ripple), some bitcoin derivatives (Mastercoin, Counterparty), bitcoin API companies (Chain, Gem, Coinbase, Coinkite) and a patchwork of sprouting middleware overlay software companies that were not yet known. Fast forward to today, and we see a different landscape of players, with entry from several new companies that are focused on implementations, and other newcomers with software capabilities at higher stack levels than the....
— By Vargason, CryptogramVenture FoF Research Fellow Before the rise of blockchain, Web3.0 can only stay in the concept stage due to the lack of solutions. With the development of blockchain technology, a number of Web3.0 related projects have emerged. According to the Web3 Index compiled by web3index.org (a website that tracks protocol usage across the entire Web3 stack), in the past 30 days, the revenue and other comprehensive indexes of Pocket Network, Arweave, and Livepeer ranked among the top relative to other projects. Pocket Network is currently the Number 1 middleware, with....