Building a bridge between Web 2.0 and web3 • TechCrunch
Devin Abbott was the founder of Deco (acquired by Airbnb) and specializes in design and development tools, React and web3 applications, most recently with Schedule.
Too soon to anticipate all the ramifications of the recent Ethereum blockchain merger, but it certainly addresses web3’s most frequent (and valid) criticism of excessive power consumption. Critics may still find a new reason to oppose ETH, but I hope this merger will lead to something else: a chance for us to combine the best of Web 2.0 with the most exciting of web3.
There seems to be a growing divide in Silicon Valley, with the traditional Web 2.0 industry and the emerging web3 ecosystem being portrayed as polar opposites. And somewhere in the middle, there were new startups.
I’m active in all three groups, and I believe much of this controversy is based on wild talk and hype from VCs and other non-developer evangelists. For example, the constant promotion of NFT drops by celebrities has contributed to the impression that the web3 as a whole is a Ponzi scheme. In fact, NFT is only a small part of the web3 ecosystem and not even the most interesting or potentially transformative in my opinion.
Although Web 2.0 and web3 may seem incompatible, I believe it is better to look at technologies like blockchain and ETH as potential back-end solutions to the scalability challenges that all companies face. Similarly, web3 proponents must recognize that the maturity of Web 2.0 makes it indispensable for many basic use cases.
Despite the great potential of web3, it is still much easier to develop a Web 2.0 application simply because the ecosystem is mature and benefits from a large and thriving developer community.
Let’s look at a couple of examples where each side can contribute:
From web3: The New Revolution in Open Source
To capture what’s happening now in web3 development, we have to go back to the Web 2.0 era.
During the dot-com boom, there was quite a bit of buzz around open source, Linux, and popular companies like Red Hat. Although very few consumers would go ahead and install Linux as their operating system, the buzz helped contribute to something equally important. In the background, few noticed, Linux quickly became the popular operating system for running the servers of 96.5% of the millions of top web domains — not to mention the huge Android market.
Best Free Checking Accounts for November 2022
Checking accounts are a critical service offered by financial institutions allowing consumers to safely store and manage their money. While...
Breaking News: Manufacturing growth in Japan and Korea eases amid regional concerns
NXP expects supply chain constraints to persist and is "cautious in the medium term" © Steve Marcus/Reuters NXP Semiconductors warned...
‘Andor’ release schedule: When is Disney Plus episode 9 coming out?
The galaxy far, far away is constantly expanding Disney Plus. The latest series of star wars Andorraan great prequel story...
Absolutely no one is safe from the Halloween costume parody meme
I am looking for a last halloween costume? Why not treat it as a 30 minute phone call that really...
Uber is testing push notifications, a feature nobody wants • TechCrunch
Uber recently launched its own new advertising department and in-app advertising. Apparently, this ad doesn't stay in the program. Instead,...
A powerful telescope records the fascinating consequences of the death of a giant star
Today is Halloween, and the space agencies have no plans to let us forget it. NASA's Twitter handles have been...