Editor’s Note:
In the past few decades, the Internet was a new world, and these giants were like the East India Company. When they arrived in the new world, they saw digital serfs everywhere and could do whatever they wanted. Web3 enables us to rekindle the glory of Athens in cyberspace: a free market with currency (Bitcoin), governance system (Ethereum), financial system (DeFi), entertainment system (GameFi/NFT), and protocolized civic square (Social Protocol); we have seen a large number of successful cases in currency, governance system, financial system, and entertainment system, and the civic square, as an indispensable part, will surely bring magnificent evolution and development in the future.
(This image can also be used for the cover)
We are honored to share the web3 social research report from Bonfire Union, an ecological investment fund under Mask Network. This is one of the best web3 social research reports we have seen.
Research report link:
(CN) Social Issue: From Walled Gardens to Civic Squares — Overview of Social Protocols by Mask/ Bonfire Union: https://docs.qq.com/pdf/DUlNoQ0h0cURRUU5P?&u=241e8184305149a08921d56397cc0ed2
Since the research report is too long (57 pages in total), we have extracted the essence of it and brought it to you:
1. We have traced the history of the Internet from the 1960s to the present, and carefully explored the process from the birth of the ARPANET to the Internet entering thousands of households. Today, in order to solve some of the problems caused by the web1.0 Internet, the web2.0 Internet has changed from a protocol-dominated world to a world where centralized platforms control everything. Rethinking the development trend of the Internet from a historical perspective is why we firmly believe that the emergence of decentralized social networks is an inevitable trend of development.
2. Social protocols and applications based on blockchain have deconstructed past social applications. The application pottery jars used to store user data have been broken into small modules. These modules are reconnected by a unified account system to form a new social ecosystem based on blockchain. Social networks supported by the web3 protocol and open APIs that allow more protocols to access will realize commercial value in the future.
3. We continue to emphasize the composability of Web3, so the social protocol ecosystem based on blockchain should be like this:
Humans need social interaction by nature. In the world of web2, social interaction is known as the jewel in the crown of the Internet, and web3 will certainly see the emergence of companies with a value of hundreds of billions of dollars. The opportunities extended by social interaction are almost a reappearance of the past, which will bring huge investment and entrepreneurial opportunities.
Mask Network, together with Tencent Research Institute, will interpret this research report with web2 and web3 entrepreneurs at 2 pm this Wednesday (November 16), discuss the follow-up of Musk's acquisition of Twitter, and look forward to the future of web3 and social networking.