Is web3 just a short time buzz?

[Crypto_Potato]

Web3 over the past 4 to 5 years has been introduced to a wide variety of things including web3 versions of platforms like YouTube, Twitter, Pinterest, and other popular platforms. The web3 versions usually boast full decentralization and the users fully owning their asset on this platforms but one slight problem is I barely use any of this web3 dupe platforms.

Why did I bring this up? It's because I saw the listing announcement for the token of a web3 platform that was launched in 2021 and is supposedly the web3 platform of weChat for all form of communication. I never actually knew DeBox actually existed and this just proves my point, most of this web3 platform were just a buzz for a while and the majority don't actually use them

Do you guys have any good experience with this web3 platforms?

[ABCbits]

Mostly yes, since many web3 project isn't really decentralized or improve user's privacy. Some people even mocking Web3 by creating this website https://www.web3isgoinggreat.com/, although it also include coin/project which doesn't use "Web3" term.

[KryptoBull]

Mostly yes, since many web3 project isn't really decentralized or improve user's privacy. Some people even mocking Web3 by creating this website https://www.web3isgoinggreat.com/, although it also include coin/project which doesn't use "Web3" term.

For me, any project with a token or utilizing blockchain is Web3. USDT is Web3 because we can leverage the power of blockchain, and ETH is Web3 because we can connect our wallets to the protocol. Web3 is already here, and we're using it whenever we swap tokens or participate in a project.

However, the Web3 trend seems to have lost its promotional momentum and investor interest compared to the 2021 uptrend. DOT's underperformance has also hindered Web3's recovery as much as DeFi or memecoins, but I believe it will rebound when the market heats up again, possibly early next year.

[ABCbits]

Mostly yes, since many web3 project isn't really decentralized or improve user's privacy. Some people even mocking Web3 by creating this website https://www.web3isgoinggreat.com/, although it also include coin/project which doesn't use "Web3" term.

For me, any project with a token or utilizing blockchain is Web3. USDT is Web3 because we can leverage the power of blockchain, and ETH is Web3 because we can connect our wallets to the protocol. Web3 is already here, and we're using it whenever we swap tokens or participate in a project.

However, the Web3 trend seems to have lost its promotional momentum and investor interest compared to the 2021 uptrend. DOT's underperformance has also hindered Web3's recovery as much as DeFi or memecoins, but I believe it will rebound when the market heats up again, possibly early next year.

You have very wide/open definition of Web3. I'm not saying you're wrong though, since some people and project use word "Web3" for many stuff. Although i still think most of those aren't decentralized, where they shouldn't be called Web3 at all.

As for the decline, it's not surprising when word "Web3" used so much where some people perceive it as buzzword. Besides, it follows word "ICO" which also have lost it's momentum after some time.

[libert19]

I don't think web3 is short term buzz, using wallet to access to a platform without giving any personal data whatsoever, that's lit to me.

I do not say that's it flaw free, you sign one corrupt message, and your assets are wiped, but it has definitely it's pros.

[bitterguy28]

I don't think web3 is short term buzz, using wallet to access to a platform without giving any personal data whatsoever, that's lit to me.

more and more people are starting to realize how important decentralization and privacy is especially in times where our data can be easily accessed and can be used to harm us and steal from us

I do not say that's it flaw free, you sign one corrupt message, and your assets are wiped, but it has definitely it's pros.

it is still relatively new so we can't yet expect it to be so perfect and totally flawless i do expect for it to develop more secure and fool proof system and technology over the years hence why it is definitely not just a short term buzz or a trend that will soon get out of everyone's minds because it has a purpose and it will just keep on improving from here onwards

[Fivestar4everMVP]

Web3 over the past 4 to 5 years has been introduced to a wide variety of things including web3 versions of platforms like YouTube, Twitter, Pinterest, and other popular platforms. The web3 versions usually boast full decentralization and the users fully owning their asset on this platforms but one slight problem is I barely use any of this web3 dupe platforms.

Why did I bring this up? It's because I saw the listing announcement for the token of a web3 platform that was launched in 2021 and is supposedly the web3 platform of weChat for all form of communication. I never actually knew DeBox actually existed and this just proves my point, most of this web3 platform were just a buzz for a while and the majority don't actually use them

Do you guys have any good experience with this web3 platforms?

Well, before you make such assumptions or speculations, I think you need to first of all go back in history and try to find out when web2 started, and how much time or years (rather) it took it to be where it is today.
And I think our major problem in this generation is that, we are too in a haste to start to see things happening the very first day even when we know that a baby does not start walking the very day he or she is born.

Aside the fact that I believe that Web3 builders lack good marketing strategies as well as lack consistency, Web3 applications are less than 15 years of age, something that will  used globally doesn't gain that status the very moment it's launched, it takes time, hard work, consistency, good marketing and over all patience, and most especially if it's a new concept of doing things, different from the known old and traditional way of doing that same thing, it's hard to begin to pull crowd immediately, give such innovations time to build and market their product.

[D F]

Web3 it is a long term for sure, the bad apples will eventually fall and the good projects with good philosophies will perdure.

[Mia Chloe]

Well I will say it will continue to be a thing however the projects that come up may not last. The problem is that majority of tokens and coins that are launched these days are usually more of those of  profit minded developers and investors. Majority of coins that flood the crypto ecosystem currently are mostly there to either generate revenue in the form of followers all in the name of Airdrops or those that hype and pump a coin just to dump it after they get their target profit.

The problem is that decentralisation has to be a core initiative by the developers and investors of a coin if not it wouldn't work out since you don't expect a coin created to generate profit to be a decentralised one.

[Findingnemo]

Web3 is just another lucrative term used to attract investors, even though the concept is great I am not sure they are really created with the intention of achieving decentralisation over the data usage which is the actual concept of Web3 but projects named after Web3 doesn't really bright any Roadmap regarding how they are planning on achieving.

[|MINER|]

The Web 3 revolution may not have fully occurred in the phase we are currently going through. But I think Web 3 will definitely play a huge role in our future. And maybe it will take us a few more years to see it fully effective, but yes Web 3 is definitely not a short time buzz.
And those projects for which we think web 3 is a short time buzz actually do not fully contain web 3 protocols. And that's why we don't see them being successful and we think Web 3 is just a short time buzz.

[CryptoBun]

Web3 over the past 4 to 5 years has been introduced to a wide variety of things including web3 versions of platforms like YouTube, Twitter, Pinterest, and other popular platforms. The web3 versions usually boast full decentralization and the users fully owning their asset on this platforms but one slight problem is I barely use any of this web3 dupe platforms.

Why did I bring this up? It's because I saw the listing announcement for the token of a web3 platform that was launched in 2021 and is supposedly the web3 platform of weChat for all form of communication. I never actually knew DeBox actually existed and this just proves my point, most of this web3 platform were just a buzz for a while and the majority don't actually use them

Do you guys have any good experience with this web3 platforms?

Web3 will surely exist for long time because it’s  not just a random innovation, it is a problem solver. It boasts of decentralization, yes that’s exactly what it has done. Web3 has even onboarded more people into the crypto space. It has helped a lot of projects to grow. Web3 has offered a lot and I’m sure many are yet to be discovered.

[hugeblack]

Web3 platforms are not real web3, but rather services that claim to be web3. Therefore, we cannot trust that they will have future value. Rather, these projects are promoted for a limited time, and therefore we have not heard of the value of these projects. In short, they are short-term investments at best.