Summary:
Task discusses his belief that 2022 will be the year of Web 3, emphasizing the increasing infrastructure in place. He talks about the penetration of DeFi into various sectors like social media and gaming, as well as the rise of NFTs. Task highlights the development of decentralized network states with various ecosystems like Cordano, Ethereum, Bitcoin, Hive, and others. He mentions the emergence of DAOs and the example of Constitution DAO raising funds for a historical document. Task also mentions the rise of city coins like Miami and New York, envisioning more cities adopting their tokens. He envisions a shift towards Web 3 applications and funding affecting finance, governance, ownership distribution, and human evolution. He predicts a significant growth in Web 3 applications, developers, and users by the end of 2022, particularly in the gaming sector. Task views Web 3 as a phase towards the metaverse, indicating a transformative era ahead.
Detailed Article:
Taskmaster 4450 delves into the concept of 2022 as the pivotal year for Web 3, a transformational phase in the evolution of the internet. He expresses great confidence in the probability of this transition, viewing it as a crucial juncture marked by exponential growth and cross-pollination in various sectors. DeFi's expansion into social media, gaming, and the integration of NFTs into different realms signal the progressive embracement of decentralized financial mechanisms. Task underscores the foundation of decentralized network states with the presence of diverse ecosystems such as Cordano, Ethereum, Hive, and others, akin to online countries with distinct economies and governance structures.
Furthermore, he discusses the emergence of DAOs, exemplified by the Constitution DAO's rapid fundraising for a historical document, portraying a potential model for future initiatives. The introduction of city coins like Miami and New York signifies a trend towards localized cryptocurrencies, hinting at more cities following suit. Task envisions a future where Web 3 principles revolutionize funding, governance, and ownership distribution, ushering in a new era of societal engagement with finance and technology.
Task anticipates a surge in Web 3 applications, developers, and users by the end of 2022, particularly in the gaming domain as gamers increasingly embrace cryptocurrency and NFTs. He foresees a monumental shift in human behavior, work dynamics, and societal structures as Web 3 concepts become more mainstream. Task predicts a significant increase in the number of people engaged in the Web 3 ecosystem, potentially reaching up to 750 million individuals by the end of 2022, with a massive influx from the gaming community. Ultimately, he positions Web 3 as a stepping stone towards the metaverse, signaling a transformative journey into a technologically advanced future.