The "Land Grab" of the Web3 Era: A Global Digital Revolution

Human society is undergoing an unprecedented digital revolution. From the Stone Age to the Agricultural Age, and then to the Industrial Age, humanity spent millions of years. However, from the Industrial Age to the Digital Age, we only took 500 years. This accelerating development trend is a characteristic of the era we are in.

The core of the digital age lies in the programmability of tools. Since the advent of integrated circuit computers in 1964, humanity has begun transforming the physical world at an unprecedented speed, profoundly changing the industrial structure in various fields. The structure of digital platforms can be divided into front-end and back-end, encompassing all aspects from hardware devices to user interactions.

Web3, as a new stage in the development of the internet, is characterized by giving users more data sovereignty. This feature benefits from blockchain technology, which enables data to be verifiable at the time of its creation. Compared to Web2, the backend architecture of Web3 shifts from centralized cloud computing to decentralized blockchain networks.

However, the development of Web3 is not smooth sailing. As the core product of the second financial revolution, programmable financial products (commonly known as "cryptocurrencies") face stringent regulations from governments and traditional sectors. Blockchain, as the core technology of Web3, also faces many challenges on its development path.

Nevertheless, many forward-looking enterprises, investment institutions, and elite talents have begun to participate in this "land grab". Graduates from top global universities are launching Web3 projects that cover various fields including infrastructure, centralized finance, decentralized finance, NFTs, and gaming.

In the projects that secured financing, the United States holds a dominant position, followed by countries such as China and Singapore. It is worth noting that the difficulty of obtaining investment for projects in China is relatively high, reflecting the current global landscape of the Web3 capital market.

Regarding Web3 policies, the attitudes of China and the United States are crucial. Currently, the United States is showing a trend of tightening regulations, while China is indicating a relaxation of controls. The recent release of the cryptocurrency trading consultation document in Hong Kong may signal a shift in China's policies in the Web3 space.

Regardless, the global number of Web3 users has reached 250 million and is expanding from the financial sector into other areas. At the current rate of development, the number of Web3 users could reach 1 billion in 5 years and cover 60% of the world's population in 10 years. This means that Web3 is changing the world at an astonishing pace.

We are in the steepest stage of value growth in human history. In this rapidly changing era, a generation can witness tremendous changes in the world. Are we prepared for this global digital revolution?