Compared with the concept of metaverse, Web3.0 is the latest buzzword in the field of blockchain and cryptocurrency.
Web3.0 is a derivative of the World Wide Web, the current internet protocol. Within this concept, the Internet has gone through the Web1.0 era and is currently in the Web2.0 era, and Web3.0 is what people expect from the next generation of the Internet, which means that machines can read any information (i.e., the Semantic Web), websites can provide intelligent filtering and better information based on information (artificial intelligence), the Internet is ubiquitous (Internet of Things), and more importantly, the ownership of data on the Internet will be decentralized. in other words, Web 3.0 is the next milestone in the development of Internet technology and it is still in the expected stage. This process will integrate many emerging technologies and realize the decentralization of data ownership.
If Web1.0 is the rough Internet of the early 1990s, then Web2.0 is the mobile Internet monopolized by the behemoths, and Web3.0 would be spiraling back to the original core of the Internet spirit, a more balanced Internet with everyone participating and benefiting from it.
In the meaning of Web3.0, the concept of distributed storage represented by blockchain, asymmetric encryption technology, and decentralization are very consistent with the concept of Web3.0 and have become one of the most promising fields to realize the vision of Web3.0.
Cryptocurrencies may have had little impact on the real economy when they were born, but Defi's emergence is certainly unprecedented in the cryptocurrency space. In the beginning, cryptocurrencies were not well accepted and distributed decentralized economic systems were not established. Bitcoin is just a digital asset, owned by a few geeks and hobbyists. What really drove blockchain crazy was the rise of decentralized finance (DeFi), where traditional cryptocurrencies are traded on centralized exchanges and their prices are matched by these intermediaries. DeFi's decentralized trading pool, AMM marketplaces, allows people to trade without an intermediary. Liquidity providers (LPs) can earn trading fees by providing liquidity to the pools. “Fi” is the abbreviation of the word “finance”, “DeFi” is the abbreviation of decentralized distributed economy, if bitcoin, Litecoin, Ethereum, and other public chains belong to distributed economy 1.0; DeFi is distributed economy 2.0. Next, SocialFi shall belong to the category of distributed economy 3.0.
SocialFi is a decentralized community economy that provides community interaction, news feeds, forum posts, AD integration, and more. No matter in any age, since the development of human civilization, community communication has always been indispensable, whether it is primitive civilization, agricultural civilization, industrial age, or information age, interpersonal communication, and ideological collision are essential. But communication and thinking are often constrained by surveillance and information, and devolution frees communication.
Decentralized SocialFi can operate more efficiently and fairly, addressing common social media drawbacks such as disproportionate revenue models and user data security issues. In addition, SocialFi can be used to improve the operation scenario of the metaverse and truly implement the operation of the entire economic scenario of the social metaverse.
Recently, a new project Rootmeta is a decentralized social platform focused on the concept of "SocialFi" to provide instant messaging services for the blockchain verticals. It meets the needs of the"Web3.0" infrastructure, from domain names to storage to user displays, which are some of the pain points in the context of the current mobile internet monopoly. Similar to Telegram and Discord today, SocialFi was an instant networking platform where users could gain financial rewards for completing certain tasks. It offers NFT avatar displays, wallet authentication, and other creative features that are more in line with the habits of the users.
As we all know, Web3.0 will take a different path. Because value and control are not held by a centralized entity but assigned to the people who actually build the network. So what Web3.0 needs is the ability of self-marketing. The emergence of social media provides the impetus for the transition from Web2.0 to Web3.0. When people in the community do have certain tokens to gain economic benefits, they will be active within the community: on the one hand, this will help to reduce the user churn rate; On the other hand, especially in good times, the architecture of the web will be much stronger.
Rootmeta is a portal to a decentralized social world built on top of web 3.0. Users will enjoy high-quality content creation, community and blockchain capabilities. Rootmeta uses a reward and a credit system to incentivize users to add their accomplishments and endorse those of others’.
Rootmeta is a life sharing community where everyone creates high quality content, and the community becomes interesting because of your presence.