YFO seizes the era of web3.0

Platform creation, platform ownership, platform control, and platform benefit. Web 2.0, the second generation of the Internet, is an interactive Internet whose main applications are social networks and e-commerce. At this stage, the platform only provides an infrastructure and creates very little content. Most of the content is created by users. However, the platform has quietly expanded its rights, relying on its control of technical infrastructure to take ownership of user data without bloodshed. On the Web 2.0 platform, the ownership of digital content created by users belongs to the platform, and the control rights also belong to the platform. The platform can decide to edit, modify, delete and block the user's content, and can even delete the user's account and expel the user from their social network. network. In addition, the platform has the final say on how the value created by these digital contents is distributed. The value of the massive data footprints generated by users when using the Internet is also owned by the platform free of charge. Therefore, the paradigm of Web 2.0 is: user creation, platform ownership, platform control, and platform distribution. Comparing Web 1.0 and 2.0, it is not difficult to see that although Web 1.0 is not user-friendly and limits the production of digital content and data to a small scope, it is in line with the basic market economy of "who creates, who owns, and who benefits". in principle. From the perspective of digital content or data ownership and value distribution, Web 2.0 is distorted and unreasonable. Creators’ basic rights are deprived and user value is extracted at will. This is actually a digital slavery system. . This explains why only the Web 2.0 era has produced several super giants, because these platforms actually occupy a large part of the value produced and created by tens of millions or even hundreds of millions of users for free. The paradigm of Web 3.0 is: user-created, user-owned, user-controlled, and protocol-distributed. That is to say, in Web 3.0, the digital content created by users is clearly owned and controlled by the users, and the value created is distributed according to the agreements signed between the users and others. Under this system, these digital contents are no longer simple data, but digital assets, because its rights are guaranteed at the asset level. This is similar to the market economy in the digital economy, which confirms, respects and protects individual digital property rights, and conducts value exchange based on contracts. If the market economy has greatly released productivity and improved the economic level compared to slavery and feudal systems, then Web 3.0 should have a similar effect on the development of the digital economy compared to Web 2.0.

2. The technical foundation of Web 3.0 is blockchain Blockchain is actually a decentralized computing protocol that stipulates how different stakeholders can create and maintain a distributed computing infrastructure in a decentralized manner, thereby realizing the relationship between "infrastructure management rights" and "user data control rights" The separation prevents a single platform from managing power through computing infrastructure and achieving control over user data, user assets and user identities. The blockchain is also a transparent and credible rights confirmation and traceability system. Once a right is digitized into a token on the blockchain, it can be reliably confirmed, and its circulation, transaction, conversion, and transformation can be tracked throughout the process. The whole process. Blockchain is also a platform for protocol creation and automated execution. Smart contracts are the epitome of this capability. Through smart contracts, rights and value distribution agreements can be executed efficiently, accurately, and reliably without resorting to a trusted third party, and the entire process can be audited. Therefore, blockchain is an essential infrastructure for Web 3.0. However, blockchain is only a means, and the purpose is to confirm and protect users’ digital asset rights and interests.

3. The meaning of token This also confirms the meaning of the token. Because even on the blockchain, only tokens can be confirmed and managed, and general data still cannot enjoy the same treatment. If users want their digital rights to be confirmed and protected, they must tokenize them. There is no other way. Effective confirmation management cannot be achieved at the level of raw data. Therefore, various attempts to confirm the ownership of raw data, propose trading rules and trading markets, even if they are not in vain, are far from reaching the height of digital assets, and The cost must be extremely huge. The vast majority of tokens on Web 3.0 will be NFTs. We are currently in a period of transition from the second generation of the Internet to the third generation of the Internet, also known as Web 3.0. It is precisely because of the transition period that YFO should seize the hand of web3.0 and let the community become Fomo.