HyFi welcomes high-level players: 3W.COM upgrades web2.0 and brings web3.0 to the ground

Since an uncertain time node in recent years, a new language has become popular in the global pan economy and financial technology field. In the chaotic but deafening call of the times, web3 is ruling the world!

It looks like the web3 oath spread by the "alarmist" preachers. But after the summer of DeFi in 2020 and the "first year of NFT" in 2021, new things, new economies and new finance are rolling in. The year 2022, which is coming to the end, is also under the common decoration of many concepts and forces in the web3 world, such as crypto (encryption), DeFi, NFT, meta universe, DAO, and so on.

It seems that Web3 is indeed slowly "ruling" the world.

What exactly is Web3? For those who are new to web3, its concept is equivalent to web3.0 (strictly speaking, the two have different connotations, but web3 and web3.0, which are widely discussed, are the same thing).

To put it more generally, web3.0 is the ultimate fantasy of the development trend of the next generation Internet, and is highly praised for "user ownership" and "decentralization". In the past two years, web3.0 has welcomed a lot of capital competing for profits and become a new love of big factories. It is a free place for many technology giants to expand their territory. Although no one dares to assert that they have mastered the exact outline of web3.0, enthusiastic pioneers have gradually found out the rudiment of a web3 world that can be initially landed, and some key elements of ecological composition.

User identity, interaction, organization and underlying technology are the main modules that constitute the web3.0 ecology. Unlike the traditional web2.0 world, web3.0 users use wallets to master multiple virtual avatars and participate in the interaction of the Web3.0 network ecology; User interaction is carried out through blockchain technology to realize value creation, distribution and circulation;At the same time, users will form autonomous organizations to create various applications, tools, protocols, etc. for the web3.0 ecology in collaboration; In terms of bottom support, blockchain provides bottom support for web3.0 from the technology layer and distributed storage layer to the data layer.

It can be said that web3.0 is a user oriented network ecosystem based on blockchain technology. In web3.0, users operate interactively to meet their own needs, and use blockchain technology in the interaction, thus realizing the creation, distribution and circulation of value. This whole process of user interaction and value circulation forms a web3.0 ecosystem. Compared with the platform centralization feature of web2.0, web3.0 is committed to achieving a "decentralized" network ecosystem owned and co built by users.

From web2.0 to web3.0, a new and old world is separated

With the support of blockchain distributed technology, web3.0 will subvert web2.0 from the perspectives of openness, privacy and co construction to create a decentralized world dominated by user communities. In the era of web2.0, with Internet giants as the core, a number of ecosystems have been formed. Core Internet companies have monopoly on data, value and network effects, and there are strong barriers between ecosystems. The centralized platform side firmly holds the traffic portal of the Internet world, that is, user attention and capital flow.

All these will have profound changes in the web3.0 era. The web3.0 world will be fully open, and users' behavior in it will not be restricted by ecological isolation. It can even be thought that users can freely swim in the web3 world (based on basic logic); User data privacy will be fully protected through encryption algorithms, distributed storage and other means; In the web3 world, content and applications will be created and led by users, fully realizing the value of users' co construction, co governance and sharing of the platform.

As a result, the "centralized" web2.0, which is typically characterized by user creation, platform ownership, platform control, and platform allocation, runs counter to the "readable+writable+owned" web3.0, which is characterized by users' "readable+writable+owned" and "decentralized" as its spiritual core, and is destined to separate the old from the new.

The application is in the early stage of development, and the integration of web2.0 and web3.0 is a long-term trend

At present, web3.0 can be said to be approaching gradually. However, many rational voices believe that if web3.0 only focuses on fighting against the centralized monopoly of web2.0, it will not be enough to truly subvert web2.0. The application innovation of web3.0 should focus on the problems that web2.0 can't solve or can't solve well, and only when it can bring 10 times value improvement to users, can it have the opportunity to make great innovation.

This is not easy. Web3.0 is indeed full of imagination, but its final landing form cannot be clearly judged now. However, the trend is already emerging. In the process of evolving to Web 3.0, there are many Web 2.0 and Web 3.0 mixed forms of products, such as the typical Opensea and Metamask wallets - meeting the needs of Web 2.0 and Web 3.0 at the same time has become the key point of innovation breakthrough.

The core features of Web3.0 ecology are relative decentralization (based on blockchain) and economic incentive system (based on Token mechanism), and the development trend seems clear: for the former, there are Ethereum, Solona, FTX and other public chains in the overseas market, while domestic alliance chains such as Chang'an Chain; In addition, smart contracts, DAO and other mechanisms are expected to become the implementation and collaboration mechanisms in the Web 3.0 era; The Token economic system is also expected to become the driving force for the development of Web3.0.

However, when it comes to the application level, web3.0 is still in the early stage of development. On the whole, DeFi is relatively mature and can realize the functions of trading, borrowing, financing, etc. The exchange has become the industry's "traffic portal", including centralized exchanges such as Binance and decentralized exchanges such as Uniswap. Secondly, the NFT market has developed rapidly in the past 1-2 years. According to NFTGo data, the total trading volume of the NFT market has exceeded 61 billion dollars by July this year, and the total market value has exceeded 24.2 billion dollars. With the characteristics of P2E, GameFi has already had some popular applications such as Axie Infinity and STEPN. GameFi is expected to become the next outlet for applications. Finally, SocialFi, advertising and search are still in the exploratory period.

Looking at the development trend of the industry, it should be acknowledged that web3.0 is coming, but it is far from leaving web2.0 behind. In a long period of time, web2.0 and web3.0 will be integrated and symbiotic, bringing together innovative experiences will become a new trend, especially in the financial industry market.

3W.COM -- financial transaction infrastructure service provider that spans and integrates web2.0 and web3.0

Whether it is web2.0 or web3.0, under the financial paradigm at different stages, financial technology and industry infrastructure are just tools to serve global financial industry participants. The emergence of the new "version" model should not allow users to make an either or cut choice only. The best way to develop new things is to provide users with new possibilities and bring new experiences, values and truly convenient services.

Compared with traditional web2.0 centralized finance and web3.0 decentralized finance, it is a new requirement for all financial service providers in the new era to be able to connect, span web2.0 and web3.0, and include and integrate traditional and advanced trading tools. 3W.COM is one of the few service providers on the market that can output web2.0 and web3.0 financial infrastructure to users.

3W.COM, headquartered in Singapore and Hong Kong, is a comprehensive financial transaction solution provider, focusing on financial technology and connectivity, transforming the global financial market in a digital way, and integrating traditional finance and digital finance to provide hybrid financial (HyFi) solutions.

3W.COM is committed to providing innovative business models for global B-end financial partners, as well as financial transaction service infrastructure solutions around "transaction, payment, web ecology, blockchain infrastructure", providing all-round support from the four dimensions of "system, compliance, assets, ecology", enabling B-end to provide its end customers with access to global stocks, futures, options, bonds, funds Insurance and more asset class services, while ensuring compliance, help their customers improve financial transaction efficiency, enhance transaction trust, fairness and security, and maximize financial value creativity.