Web3 connoisseurs find the current network inadequate. They vouch on Web3 that can improve upon earlier version. The biggest examples are popular social networking sites that betray our privacy. In Web3, users have access to the same social network services without fear of their data being used or sold off.
Social networking sites in current network are owned by large corporations which obey regulations set by governments. Typically, someone pays to install servers, sets up software that grants users access. They then either charge the users (us) or let us use it for free at the cost of obeying their rules and harvesting our data. But in Web3 with the help of Blockchain technology, users get more freedom, decentralization, and privacy.
Many IT enthusiastic have come up with Web3 applications which are setting up its own landmarks.
Sapien Network is the democratized social platform. Providing user privacy and customizability, this becomes one of the first blockchain-based social network to release native mobile apps for Android and iOS. Ankit Bhatia is the Co-Founder and CEO of Sapien Network. It was established to provide a freeway for everyone to arrange their online lives.
Founded in 2015, Everledger is an independent global emerging technology enterprise. It is a distributed digital global registry that strives to offer each user a unique record. Users can keep data in the cloud and access it whenever they want. It safeguards users, banks, open markets, and insurance from fraud. It is focused on creating and maintaining ecosystems of trust to address real-world challenges. Incorporating a rich forensic approach to identify and track assets, Everledger delivers the transparency and confidence needed to bring global stakeholders together.
Leanne Kemp is the founder and CEO of Everledger. In her role as CEO, she inspires and steers the team of Everledger to increase transparency and trust with technology, in close collaboration with the industry partners.
LBRY is a decentralized file-sharing and payment network based on the blockchain that powers social networks and video platforms. Jeremy Kauffman created LBRY because he fell in love with the idea of shared, global content registry that is owned and controlled by no one. He is a longtime supporter of decentralized technology and freedom of information.
Storj is one of the most popular decentralized storage systems. It’s also one of the most historic. Anyone can store data with Storj. It is an Ethereum token that powers a decentralized cloud storage network for developers called Storj DCS (Decentralized Cloud Storage). After a customer uploads a file to Storj DCS, pieces of each file are distributed to a global network of independent nodes. When someone requests the file, it is then recompiled securely and made available for download. This means that anyone can store files on Storj DCS without centralized data center. Developers can purchase cloud storage services with STORJ.
Ethlance is an online platform that allows people to apply for employment and was created as a result of blockchain technology. The website connects job seekers with employers who will finish the process of locating a suitable employee.
It also opens up doors for freelancers that they might not have had before, and it breaks down boundaries between companies and freelancers. Ethlance is a decentralized platform that connects freelancers and employers. Thanks to those technologies, the platform can sustainably run with 0% service fees. Ethlance will never take a cut from transactions between freelancers and employers. Established in 2017, Matus Lestan is the founder of Ethlance.
ySign is the communication messenger that is an excellent example of Web 3. With its solution, it is poised to transform the world of messengers. ySign is a truly decentralized messaging app based on blockchain technology, with complete anonymity, privacy and security. Moxie Marlinspike is the CEO of this phenomenal platform.
Beaker is an experimental peer-to-peer Web browser. It adds new APIs for building hostless applications while remaining compatible with the rest of the Web. It’s a browser that runs on the Web 3.0 standard. Paul Frazee is the Founder.
LPT is an Ethereum token that powers the Livepeer network, a platform for decentralized video streaming. LPT is required to perform the work of transcoding and distributing video on the network while also incentivizing peers to ensure that the network is cost-effective and secure.
Sola is a decentralized social platform that uses distributed nodes, IPFS, and the Ethereum blockchain to power it. Sola creates a combination of social networks and media using blockchain and artificial intelligence.
With the use of A.I. algorithms, it disseminates useful information to readers based on their preferences. Users get what they desire, which is a high-quality material, in this way.
Rather than being just another social media platform, Sola aspires to create an environment in which all users are treated equally and have a greater voice than on traditional social media, where influencers and advertisers have an unfair monopoly.
Sola employs an advanced neural learning network dubbed Neutral AI to optimize the sharing process of Sola cards, rather than relying just on user reaction to distribute postings. The platform’s most compelling feature, though, is the chance to earn real money by generating and sharing content.
Web3 world is spreading day and night. IT experts and users both are excited for this technology and its advantages.