1) I believe the main benefits of moving from Web 2.0 to Web 3.0 are actually quite specific to what you are trying to build.
Not everything on the web needs to be fully decentralized, but we believe many things will be built using decentralized (Web 3.0) infrastructure. For example, if you were to build a global e-commerce brand today, it might already make sense to use stablecoins for payments because of lower transaction fees and faster processing times compared to traditional payment infrastructure.
Additionally, if you are building something fully Web 3.0 native (e.g., a consumer dApp), you have more mechanisms to grow your user base. For instance, Web 3.0 offers simple ways to add financial incentives for people to become your users, such as tokens or rewards embedded in the system.
2) It might be more expensive, but again, this depends heavily on what you are building.
For example, building on top of stablecoins can be operationally cheaper than using traditional payment infrastructure. Similarly, creating your own derivatives exchange could be less expensive in Web 3.0 compared to traditional finance, due to reduced regulatory burdens.
However, gas fees and other costs associated with Web 3.0 infrastructure still exist. Although they might be lower in certain contexts, these costs will probably remain present for the foreseeable future.
Good article! I hope you enjoyed the yacht party ;)
I would have some questions though:
What would you say are the main benefits in moving from web 2.0 to web 3.0?
Isn't Web 3.0 going to be always more expensive than web 2.0 (due to the decentralized nature of the whole ecosystem)?
Thanks for the kind words!
To your questions:
1) I believe the main benefits of moving from Web 2.0 to Web 3.0 are actually quite specific to what you are trying to build.
Not everything on the web needs to be fully decentralized, but we believe many things will be built using decentralized (Web 3.0) infrastructure. For example, if you were to build a global e-commerce brand today, it might already make sense to use stablecoins for payments because of lower transaction fees and faster processing times compared to traditional payment infrastructure.
Additionally, if you are building something fully Web 3.0 native (e.g., a consumer dApp), you have more mechanisms to grow your user base. For instance, Web 3.0 offers simple ways to add financial incentives for people to become your users, such as tokens or rewards embedded in the system.
2) It might be more expensive, but again, this depends heavily on what you are building.
For example, building on top of stablecoins can be operationally cheaper than using traditional payment infrastructure. Similarly, creating your own derivatives exchange could be less expensive in Web 3.0 compared to traditional finance, due to reduced regulatory burdens.
However, gas fees and other costs associated with Web 3.0 infrastructure still exist. Although they might be lower in certain contexts, these costs will probably remain present for the foreseeable future.