2020 has been called the summer of DeFi, and since then, many new innovative projects have sprung up.
Web 3.0 is a derivative of the World Wide Web, the underlying protocol of the current Internet. In this concept, the Internet has gone through the Web1.0 era, and is currently in the Web2.0 era, while Web3.0 is what people expect from the next-generation Internet. More importantly, the ownership of Internet data will be decentralized. .
What will their respective futures be? Who can become the backbone of the virtual currency industry?
What is the Future of DeFi?
Thanks to advances in distributed ledger technology, we are witnessing a major shift in how we use money. For the first time in history, different people determine how the global financial system works. Everyone can participate in governing DeFi protocols and have a seat at the negotiating table for building the future of decentralized finance.
Despite obstacles at the forefront of innovation, the DeFi space is gradually catching up with the old financial system. With this, the world of decentralized finance is on its way to success. Of course, as more and more people gain access to financial services, it’s hard to predict how the industry will develop. However, when DeFI and fintech merge, a tipping point will be approached where new fintech will be integrated into a new financial system.
However, the huge impact DeFi received under the influence of luna this time still needs to continue to pay attention to the follow-up development.
What is the Future of Web3?
Web 3.0 has gradually become a general term for more and more applications based on blockchain technology. Although there is still no exact definition for the concept, Web 3.0 is still attracting great attention from the market and is getting a lot of capital investment. . According to incomplete statistics, at least 15 venture capital institutions have launched Web3.0 special funds this year, with a scale of over US$4 billion.
According to industry insiders, the core of Web3.0 is to use asymmetric cryptography and distributed consensus to reconstruct the underlying logic of the Internet, which can greatly release the economic potential of information technology. The massive inflow of capital means more and more investors are feeling it.
Web 3.0 is widely regarded as the next stage of the Internet, a decentralized network based on encryption and blockchain technology. Participating in the infrastructure of Web 3.0 is the most intuitive investment opportunity. No matter which Web 3.0 projects stand out, they all need the support of infrastructure. There is room for further improvement in the fields of public chain, cross-chain, identity system, distributed storage and private computing.
Web 3.0 is already changing the way we interact online, from the way we invest and exchange to how we express ourselves artistically, and more and more users and institutions around the world are waking up to the power of zero-trust interactions and encryption-enabled protocols. Web3.0 is expected to greatly improve the existing Internet ecosystem, make the Internet more open, inclusive and secure, and innovate and develop towards a higher-level trusted Internet, value Internet, intelligent Internet, and holographic Internet.
Summary
In the future, the metaverse and Web3 will involve all aspects of people’s lives, and there will be more application channels. For DeFi, even if the crypto market is about to enter a bear market, ETH2.0 (a more carbon-neutral POS consensus mechanism) and DeFi2.0 (a more compliant and highly liquid DeFI product) will prosper at suitable nodes .
