{"id":6140,"date":"2022-08-02T12:08:48","date_gmt":"2022-08-02T10:08:48","guid":{"rendered":"https:\/\/homepage.rs\/?p=6140"},"modified":"2022-08-10T14:49:33","modified_gmt":"2022-08-10T12:49:33","slug":"how-is-web-3-changing-the-world-impressions-from-the-european-blockchain-convention-2022","status":"publish","type":"post","link":"https:\/\/homepage.rs\/en\/blog-en\/how-is-web-3-changing-the-world-impressions-from-the-european-blockchain-convention-2022\/","title":{"rendered":"How is Web 3 changing the world?"},"content":{"rendered":"<p><span style=\"text-decoration: underline;\"><b>Impressions from the European Blockchain Convention 2022<\/b><\/span><\/p>\n<p><span style=\"font-weight: 400;\">Did you know that you are reading this text on the Web 2 page, and before that (if you are following us) you learned about it through social networks &#8211; also on Web 2?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It is the Internet that we already know well and use every day, but still, we will not talk about it in the text. We will reveal to you firsthand what the new, revolutionary era of the Internet brings (which is already greatly changing everything, and it is called) &#8211; Web 3.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">About how determined we are to find out everything about Web 3, also speaks the fact that, following its tracks, we even went to Barcelona!<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But let&#8217;s start in order.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Our agency was created in the infancy of social networks when the market was highly young and at the beginning of its journey. Then it was necessary to educate clients and explain to them the advantages and power of everything that Web 2 provides &#8211; basically, it is two-way communication with the target group, far more direct than was the case ever before.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Today, 10 years later, we live in a time when the Internet is developing rapidly, and that is in the direction of <\/span><b>decentralization<\/b><span style=\"font-weight: 400;\">, that is, everything that <\/span><b>Web 3<\/b><span style=\"font-weight: 400;\"> entails, which already greatly changes the things we are used to and introduces significant novelties. As before, our goal is to understand all the changes and develop in accordance with them, to support our clients &#8211; again at the right time, introducing them to all the possibilities that the new Internet revolution brings us. That is why the next step in the development path of our creative digital agency is the transition to the Web 3 sphere.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In this regard, part of the Homepage team visited the <\/span><a href=\"https:\/\/eblockchainconvention.com\/\"><span style=\"font-weight: 400;\">European Blockchain Convention 2022<\/span><\/a><span style=\"font-weight: 400;\">, which took place at the end of June in Barcelona, with 1,500 participants from all over the world and 130 lecturers and speakers. There are many impressions, but let&#8217;s start in order. Of course, we&#8217;re sure your first question is simple:<\/span><\/p>\n<h1><b>What new did we learn?<\/b><\/h1>\n<p><span style=\"font-weight: 400;\">Our interest and research on the topic of blockchain, crypto, NFT projects and in general Web 3 as a new era of the Internet began long before going to the conference, so we left quite prepared and willing to hear new insights first-hand.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">What is obvious, but also what we confirmed at the conference itself, is that the <\/span><b>market is very young <\/b><span style=\"font-weight: 400;\">and that the entire community is still learning through projects, one can say &#8211; by the learning by doing method. Therefore, there are no proven recipes and safe solutions, but this is exactly what represents unlimited space for <\/span><b>new ideas<\/b><span style=\"font-weight: 400;\"> and dedicated people who will stand out and make a difference (it also leaves room for failures, but they are also an integral part of the learning process \u261d\ufe0f).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">We know that the future is in the blockchain and that further development of the Web 3 internet revolution will follow, but what will that development look like? It seems to us that none of the lecturers had a completely clear answer to this question, because the market is quite unpredictable, which by no means means that it should not be dealt with. On the contrary.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Coming back to the question of what we learned at the conference, we would present it through the following items, which for us were the most interesting information and thoughts from <\/span><b>#EBC22:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Web 3 is <\/span><b>the internet of value<\/b><span style=\"font-weight: 400;\">.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">In Web 3 <\/span><b>everyone can monetise their contribution to the internet.<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">In Web 3 we have <\/span><b>more trust in the community than in the traditional system.\u00a0<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">People have the same needs in the Web 3 as before &#8211; <\/span><b>security, simplicity and profit.\u00a0<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">People want <\/span><b>convenience<\/b><span style=\"font-weight: 400;\">. But they want <\/span><b>privacy<\/b><span style=\"font-weight: 400;\"> too. So let\u2019s combine\u00a0 those two in Web 3.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It is necessary to attract people to Web 3 through social media &#8211; infrastructure and system of Web 2\u00a0 &#8211; because now <\/span><b>Web 3 is what Web 2 was in 1998.\u00a0<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Remember that <\/span><b>young generations are more likely to have wallets before having bank accounts<\/b><span style=\"font-weight: 400;\">.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>71% of adults in the Philippines don\u2019t have a bank account. <\/b><span style=\"font-weight: 400;\">Even before the pandemic, one in five people lived below the poverty line. <\/span><b>By 2019, 10% of the population was already using cryptocurrencies to make payments.\u00a0<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>NFTs <\/b><span style=\"font-weight: 400;\">and tokenization enabled us to monetize content and (inter)actions.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Just because <\/span><b>we can tokenize everything<\/b><span style=\"font-weight: 400;\"> does not mean that we should. Let\u2019s make it <\/span><b>useful and meaningful<\/b><span style=\"font-weight: 400;\">.\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The last is actually one of the ideas from a very interesting panel discussion on <\/span><b>tokenization<\/b><span style=\"font-weight: 400;\">. There is no definitive answer here either, but we will closely monitor how the situation develops and how NFTs will find their place under the sun &#8211; in the long run.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Another controversy in crypto circles is the issue of <\/span><b>regulation<\/b><span style=\"font-weight: 400;\">. According to many, some sort of regulation must exist, even though crypto is based on the idea of \u200b\u200bdecentralization. So that there would be no regulations that would make the idea pointless, but would provide even greater <\/span><b>security<\/b><span style=\"font-weight: 400;\"> to users.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Another important topic is also uncertain, which concerns not only the development of the blockchain but also a major global problem that opens a new discussion.<\/span><\/p>\n<h1><b>Can Crypto Go Green?<\/b><\/h1>\n<p><span style=\"font-weight: 400;\">The cryptocurrency mining process uses a procedure known as <\/span><b>&#8220;proof of work&#8221;<\/b><span style=\"font-weight: 400;\">, where it is necessary for a large number of hardware resources to work constantly, in order not to &#8220;mine&#8221; cryptocurrency, which is actually a reward for invested resources. The more resources, the greater the chance to mine something, which nowadays represents entire mining farms of thousands and thousands of computers running constantly, which consume huge amounts of electricity.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, there is a possibility to prevent this, as the excessive energy consumption of the outdated blockchain technology can be avoided by using a process called <\/span><b>&#8220;proof of stake&#8221;<\/b><span style=\"font-weight: 400;\">. On this topic, we heard from representatives of the Canadian company in Sweden &#8220;Hive&#8221; and the Danish company &#8220;Concordium&#8221; who spoke, among other things, about the ways in which crypto can be sustainable.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">One of the proposals is the so-called <\/span><b>&#8220;Play to earn&#8221;<\/b><span style=\"font-weight: 400;\"> games that involve following the <\/span><b>protocol<\/b><span style=\"font-weight: 400;\">, which is quite different from the known games. All that is expected from the players in order to get the reward is to follow some procedure, in order to get the reward, which is not sustainable in the long run, and on the other hand, it does not satisfy the gamer&#8217;s appetite either. On the other hand, making a game that would meet the expectations of gamers is a big challenge, and additionally requires community building.<\/span><\/p>\n<h1><b>Recap<\/b><\/h1>\n<p><span style=\"font-weight: 400;\">The general impression is that a new<\/span><b> Internet revolution is not coming &#8211; it is already happening<\/b><span style=\"font-weight: 400;\"> in a big way. Changes are daily, the market is young and for this reason <\/span><span style=\"font-weight: 400;\">agility, constant learning and research are crucial<\/span><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In this phase of Web 3, all efforts are focused on expanding the market and presenting ideas to new people and investors in the existing market. In this regard, there is also a trend of building new services on the blockchain with this very goal in mind.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Most businesses are still in the initial stages of development and are looking for their direction and their place in the crypto market. Currently, a few big names and brands that have already gained a reputation and built an image are <\/span><span style=\"font-weight: 400;\">recognised<\/span><span style=\"font-weight: 400;\">, but it is still a small number and there is a lot of room for expansion and enormous development.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In addition to large companies, the public is also very interested and wants to be educated on this topic, so the recommendation of a large number of lecturers was to create as simple applications as possible and<\/span><b> simplify the process of entry of ordinary people into the crypto world<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In the end, all of us who have been in the blockchain for a long time can contribute to the development of the crypto market by imparting knowledge and educating those around us, which we will also do, so follow us! \ud83d\ude09<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you are already planning to launch your NFT project and need support for a good start, you can contact us <a href=\"https:\/\/homepage.rs\/en\/#contact\" target=\"_blank\" rel=\"noopener\">here<\/a>. \ud83d\udce5<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Impressions from the European Blockchain Convention 2022 Did you know that you are reading this text on the Web 2 page, and before that (if you are following us) you learned about it through social networks &#8211; also on Web 2? It is the Internet that we already know well and use every day, but [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":6144,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[41],"tags":[221,146,220,219],"class_list":["post-6140","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog-en","tag-blockchain-en","tag-crypto","tag-crypto-marketing-en","tag-web3-en"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How is Web 3 changing the world? - Homepage<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/homepage.rs\/en\/blog-en\/how-is-web-3-changing-the-world-impressions-from-the-european-blockchain-convention-2022\/\" \/>\n<meta property=\"og:locale\" content=\"sr_RS\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How is Web 3 changing the world?\" \/>\n<meta property=\"og:description\" content=\"Impressions from the European Blockchain Convention 2022\" \/>\n<meta property=\"og:url\" content=\"https:\/\/homepage.rs\/en\/blog-en\/how-is-web-3-changing-the-world-impressions-from-the-european-blockchain-convention-2022\/\" \/>\n<meta property=\"og:site_name\" content=\"Homepage\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/homepagers\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-02T10:08:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-08-10T12:49:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/homepage.rs\/wp-content\/uploads\/2022\/08\/HP-trip-blog-ln-eng.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Valentina Joki\u0107\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@homepagers\" \/>\n<meta name=\"twitter:site\" content=\"@homepagers\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Valentina Joki\u0107\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"8 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/homepage.rs\/en\/blog-en\/how-is-web-3-changing-the-world-impressions-from-the-european-blockchain-convention-2022\/\",\"url\":\"https:\/\/homepage.rs\/en\/blog-en\/how-is-web-3-changing-the-world-impressions-from-the-european-blockchain-convention-2022\/\",\"name\":\"How is Web 3 changing the world? 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