Wen Web3 Takes Over the World

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Web3 is emerging as one of the most important conversations in crypto. We're still in the early stages of seeing web3 adopted even amongst crypto-heads, let alone the outside world.

With all of this being said, the conversation around Web3 has already begun. Everyone spanning from Naval Ravikant to Gary Vaynerchuk to Kimbal Musk to Tim Ferriss are talking about Web3 in various formats.

People like these are the ones who spark conversations in the more traditional circles. Being on Hive and LeoFinance, Web3 is no news to us. Many of us have been daily users of Web3 for the past 4 years by blogging, curating, tokenizing, buidling, etc. on Hive.

Web3 Narrative

Web3 encompasses a number of separate but directly related industries:

  1. NFTs
  2. Blockchain
  3. Tokenized Communities
  4. Content Creation
  5. Social Media
  6. ...

The Web3 narrative is being discussed from a number of different perspectives as well. Someone like Gary Vaynerchuk has a much different presentation of Web3 than someone like Naval Ravikant or Kimbal Musk.

Kimbal tweeted about Web3 today:

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Web3 means a lot of things to a lot of people. As Web3 emerges, evolves and ultimately matures, we'll see the advantages spread to hundreds of industries that it can directly impact.

What Web3 Means to Us

If you're reading this, you're most likely familiar with Hive and at the very least, familiar with crypto and tokenization.

From my personal perspective of Web3, tokenized communities are the most prominent use case. The tokenization of everything has long been a dominant narrative in the crypto space and tokenized communities are at the core of that.

We can cooperate, generate value and engage with each other on a level never seen before in human history. Even Bitcoin has a degree of this value.

Bitcoin has grown to where it is today because everyone who owns Bitcoin has a right... a duty to grow the network. When you own Bitcoin, you want to tell other people about Bitcoin. You want people to buy it, hodl it, talk about it to their friends.

The network effect incentives are built in when you tokenize.

The same holds true for LEO and HIVE. When we all own a tokenized community, we all want to drive more value to it. Selfishly, it puts more value in your pocket.

Unselfishly, it pushes the fundamentals of Web3 and helps to change industries which will eventually change the world.

Hive Explodes In Value, No Surprise

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I remember when Hive began from the decentralized battle for power that the community ultimately won.

Hive is the embodiment of Web 3.0. We're not going to see a true Web3 emerge from corporations like Facebook and Twitter.

We're going to see the emergence and adoption of Web3 on platforms like Hive, Ethereum, Thorchain and other metaverse-ready platforms.

Hive and Ethereum (and Thorchain, in my opinion) are blockchains that facilitate the buidling of decentralized applications with the principles of Web3.

We're seeing NFTs revolutionize the use case of Ethereum. Despite the many hurtles of a complex user experience (especially for normies) and high gas fees, Ethereum has emerged as the #1 platform for the metaverse.

Hive is enabling tokenized communities, gaming (i.e. Splinterlands) and a whole host of other interesting applications that deploy the power of instantaneous, free and scalable transaction ops.

LeoFinance uses many of these features to be what it is today and buidl what it will be tomorrow. Projects like ProjectBlank, LeoMobile, etc. use this battle-tested and decentralized blockchain to make Web3 user-friendly. We hope to put Web3 into the hands of your every-day social media user with LeoMobile and ProjectBlankMobile.

I started buying HIVE heavily when it dipped down to $0.10. Many in the LeoFinance Discord remember when we were talking about the opportunity. Much of that HIVE POWER sits delegated to @leo.voter today and allows us to expand our community through curation of content. @tarazkp recently wrote an interesting article about the expansion of rewards during HIVE price increases.

The future of Web3 is now and we've been using it here on Hive for 4 years. We're still so early and I can't wait to see what we look like 4 months and 4 years from now when we have dozens and hundreds of new applications and use cases emerge. $2 is just a checkpoint to know we're doing something right 🚀

 

 

LeoFinance is a blockchain-based social media community that builds innovative applications on the Hive, BSC and ETH blockchains. Our flagship application: LeoFinance.io allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.

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54 comments
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Web 3.0 is an integrated part of my life for almost four years now. It occurred right after dumping Facebook and Instagram forever. Only a fool would go back to web 2.0 after having a taste of how web 3.0 feels like. This web 3.0 has also evolved a lot since my first experience with it. Hive deserves it all and the extra gallon.

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I m glad to have joined this community. Funny how I didnt see it all the while..
Thanks for the historical review and foresight.
I appreciate posts like this.

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That philanthropy part mentioned by Kimbal Musk is really true. Nowadays I am (and other people) receiving a very good support and help from the Hive blockchain community, and I am very grateful and very happy for it.

I give you some !PIZZA.

Have a nice day and have a nice weekend.
All the best. Greetings from Hungary.

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Wow that Web 3 stuff seems pretty good. We might want to get involved in it.

Where do we sign up? Have you thought about possibly doing something with Web 3?

Might have some potential. Food for thought. Perhaps find some people who can code and take a shot.

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Such trolling. U need those sunglasses to block out the bright lights if the future

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We already blocked the Sun once and have been building in the shade since.

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Thanks for the mention :)

In regards to the philanthropy tweet, I have been writing for years about how charities (the ones that care at least) will start using blockchains instead of banks. They can transfer fast, free (on Hive at least) and granularly to anyone with a smartphone. It gets around so much of the bureaucracy and middleman fees, but also the localized problems, like warlords and corrupt governments. Throw in some DAOs and yield earnings on donations, and there is an industry in and of itself that does some real good.

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(Edited)

Yep, now we just need merchants to accept hive and we'll instantly have feeless 100% transparent donations that can instantly be used.

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Not to mention they could then be held accountable...

Too many charities have too much money just "disappear" into the abyss.

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I feel late to the party yet understand that I likely am not (well I hope). Keep up the good work mate!

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You are late as Bitcoin buyers at 5k were late ;) welcome

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Great informative post. I agree with what you say, we are all early adopters, even today there are only around 5% of the worlds population dabbling in Cryptocurrency

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I can see it: Leo Charity; Leo Philanthropy; Leo R Us; Leo help Nutrition

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The best part is yet to come. Hive is ready to take over. Can't wait to see how the future will be around here

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Web 3 is an interested and it will be important in our future. Hive is reached 3.3$ and slightly down today. Now nearly 2.2$ and I collect HIVE everyday for my aim and future. I'm not trader just only hold like a hive power and upvote an interested post and effective.

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Really appreciate the way the information is passed to all of us
and so now we have a better view of it.
Thank you 👍

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We're not going to see a true Web3 emerge from corporations like Facebook and Twitter.

Nope. You're correct on that one @khaleelkazi. Self-interested parties will never relinquish control to those they're feeding off of.

It's vampirical.

But Web 3 projects like Hive?

Now... we're built on a completely different dynamic.

What's happening here is downright amazing. It's a completely new social anomaly that spans across borders and completely ignores the forced "top-down" mentality of governments and all-to-large corporate bodies.

Essentially, the crypto space is developing its own nation, tied together by a unified desire for freedom and equality. And it's all neatly woven into the fabric of 0s, 1s, and representing hashes. 🙂

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That's so true by the other Musk! Imagine so much of the Red Cross overhead costs we could get rid of by just using automated blockchain technologies like Blockchain?

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WEB 3.0 is definitely the talk of the town lately. Recent price surge of BAT, Hive and other related projects suggest that the interest and scrutiny is rising. As a hive user, i have used and witnessed the value of these projects. It's time others understand it and utilize.

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Web3 is about fair value. Done with the days of web2 that "lets" users create for "free". As you said 2$ is just the start. And when people will discover Hive they will later discover the HST. The tokens marketcap will rise in ways we cannot imagine. Like Hive "surprises" us we are going to be amazed.

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Web3.0 opportunity that Hive has created are massive. From ability to be able to reward users quality content with different tokens to transfer of token without a gas fee to networking with people of like mind without considering whether you are a whale or minnow, to investing to get more passive returns.

What of @leofinance that opens opportunities to people on other chain to earn passively through the power DeFi (staking and providing LP, it also connect people on ln twitter and create link for them to leverage on this great platform.

Infact it's so amazing to be part of this awesome technology. We will keep supporting this new wave and more that will emerge through this platform.

Great one.

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Since the Metaverse announcement there is much more interest in Hive, and I still say we should onboard noobs.

Learn to use Crypto by doing tasks you already know how to do.

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This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.

Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators.

Please contribute to the community by upvoting this comment and posts made by @indiaunited.

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When I started reading this write up, I was wondering what web3 is, but along the line, I saw that I have been involved in web3 for over a year as well, I know about nfts, am into blockchain personally as well, the world is in a new phase and that's digital face of which web3 happens to be the currency of the day

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Thanks for the walk through the story. It has been a great journey.

Got some ideas on how to leverage the ideas to make my own investing in ETFs platform - some way to go from idea to spec but the work has begun.

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Would be brilliant if we could get someone like Kimbal on Leo for an interview.

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Web 3.0 is really the future. Please write article how one can be a web 3.0 participant without being a developer.

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Web 3.0 is really the future. Please write article how one can be a web 3.0 participant without being a developer.

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👏🏻 Excellent Article about Web 3.0, Hive and why it matters. I really wished I would have come here earlier.
Regards Thomas

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Awesome article. Gives me goosebumps just thinking of the possibilities for Hive. Upvoted and rehived.

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Web 3 is the internet liberation we need but never knew we needed it until Hive gave us reasons and showed us why we need it

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Monopolistic tech giants and conservative governments are preventing it from breaking and invading private information. Fortunately, old things will be replaced with new ones, whether we are the first or the last to go, we have to believe and build it. Victory is for the visionary

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WEB3 means freedom. The value will drive from web2 to web3. It already moves. The question in a long run is, will the masses in short term first support web2 that renames web3 or move their direct into web3.

Endgame will always be a decentralized layer-like hive!

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It’s only a matter of time... change isn’t instant it comes gradually if one remains consistent.. water doesn’t get hot or cold once put on a stove or in a fridge

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Been using web 3 here for a little more than a year. huge change now earning when I post, I don't see crazy political content all the time. There are so many blockchains and dapps you can get lost in all of it.

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This is awesome! Thanks for the update!
I've just started here for a month, so hope to see more posts like this, web 3 is really the future 😀

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I keep telling people that we're still early but they don't listen.

Web3 is changing the game and giving new meaning to the internet. It's the next phase of the internet.

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Nothing like the Web3 brother, I really am very happy to be here learning where to build an incredible blockchain and all the possibilities it brings for the future.

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Even though I believed in the future of Hive long before this price action occurred, I mean how could I not with all that's being built on the chain, I have never felt more excited about the future of Hive and with that Leofinance than I do today.

We are so lucky to be in early and I'm feeling blessed to be part of this revolution, as that's how it feels to me.

And what you said about Bitcoin is true for Hivers as well, look at us content creators on Twitter, for example, we are all (in our own way) chilling Hive whenever we have the chance. I see many Hive authors pop up on Twitter that I would have otherwise probably not found directly on Hive. It's great to see the community spirit there!

Web3.0 is the future.

With that being said, WEN Blank? ;-)

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我还是没看懂WEB3,不知道对于区块链的意义在哪里,能带来多大的不同,或许还没有认知到吧。

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Web 3.0 is like an awakening call for all the users that big companies profited upon. It is like a virus that will expand organically and make people realize that while they give their info and time to others, they well deserve to earn from it through crypto. And this is the Web 3.0 revolution that is coming!

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I recall Hive beginning as well. Sadly I never used it since recently, but I read news. I know all about it and how a decentralized power was a struggle that the community eventually won.

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