In this piece, I examine the existing challenges to decentralizing the internet and specifically the Internet Infrastructure Stack.
Continue in the thread as I briefly review the existing services and protocols tackling these issues, or jump to the piece for the full story.
1. Data storage and web hosting are vital services for companies.
AWS is the elephant in the room, accounting for about 32% of the market. Beyond the concentration, once AWS revokes hosting services other cloud and storage providers are also likely to reject the entity/website.
Filecoin in its short timespan already stores 4.7222 PIB.
@viamirror mints content as NFTs and hosts the data on Arweave.
Sia makes it simple to upload content to their hosting platform, and as a result, anyone can now read my original Web3 Manifesto on Sia’s Skynet.
The Sia Skynet is an open protocol that allows for the decentralized hosting of applications and data. siasky.net/vACrMFMiyDIsC2…
The distribution of applications is also controlled by Apple and Google via their app stores.
Skynet has created the Skynet App Store which can be used to view and download any applications built on Skynet. siasky.net/hns/skyapps/#/…
2. Domain Name System
Web3 enthusiasts have been trying to decentralize the domain name system even before the term was coined in 2018 by Gavin Wood.
Blockchains inherently make for great asset registries and one of the largest digitally native assets are domain names.
Domain names are digital assets that map IP addresses to more human-readable names (e.g. 13.57.64.34 to Messari.io)
@ensdomains (ENS) is a domain name registry that maps a readable name (e.g. name.eth) to an Ethereum address.
Compared to early domain name registry attempts like Namecoin, ENS isn’t replacing DNS but rather seeks to integrate Ethereum into the existing DNS system.
@unstoppableweb (Unstoppable Domains) creates blockchain domains that, similar to ENS, replace crypto addresses with a human-readable name.
Additionally, Unstoppable Domain addresses can be used for websites that point content from a decentralized storage network to a domain.
@HNS (Handshake) aims to replace the global DNS root with one governed and distributed by a blockchain system.
Handshake, unlike the existing DNS system, doesn’t require a centralized body to determine which IP addresses are valid or map to a specific website.
Handshake is integrating with platforms like Sia’s Skynet in order to provide both a decentralized DNS and hosting service.
The combination of decentralized file storage/ hosting and DNS helps create a world where information cannot be censored by rent-seekers or governments.
3. Last mile connectivity is a key component of decentralizing internet services and systems.
Last mile is a general term for the final leg of a delivery network that brings a service to end-users. For example, Cable television is a last-mile service.
@andrena_wifi (Andrena) enables a wireless network in towns where consumers own hardware devices that deliver internet to nearby users.
The goal is to substitute predatory Internet Service Providers (ISPs) like Comcast with a community-owned and open internet service provider.
@AltheaNetwork (Althea) organizes a network of antennas to provide internet access to communities.
Neighbors setup antennas and get paid for hosting the hardware. The infrastructure is owned by the community that share revenue from people who use the internet services.
Web 3.0 is a paradigm shift towards a more democratized Internet – an Internet that is governed by the collective rather than by corporations and special interests. messari.io/article/the-or…
• • •
Missing some Tweet in this thread? You can try to
force a refresh
Investing like a venture capitalist in crypto has never been easier.
The world of investing in open-source software means public portfolios.
Beyond investors advocating for their projects, their portfolios and active participation strategies can be tracked on-chain.
At a glance, @placeholdervc is one of the largest portfolios tracked on Nansen with over $55 million in tokens.
Many of Placeholder's investments have performed well especially, numeraire ($NMR) since Placeholder invested in NMR in both Mar 2019 and Jun 2020.
The era of on-chain portfolios is only beginning.
As more data becomes available, funds will likely start to make their portfolios more available in order to control their investment narrative and participate in crypto communities.
The Creator Economy - is starting its transition to the Community Economy.
The Community Economy – enabled by cryptonetworks and social tokens – incentivizes early followers to use their underutilized skills and assets to support a community or individual.
A quick thread 👇🏻
While the creator economy benefited the lives of millions of creators, the Community Economy will reward early contributors and create the long-awaited middle class of the creator economy. messari.io/article/the-co…
There are two primary issues with the Creator Economy of today:
1️⃣ Early fans that initiate the flywheel of a creator’s community provide greater value to the creator’s growing community than fans who arrive later. Also, newer fans detract from the value that older fans receive.
A physical Mickey Mantle baseball trading card sold for $5.2 million yesterday.
What does this mean in the context of non-fungible tokens and NFT portfolio allocation?
A quick thread 👇🏻👇🏻👇🏻
NFTs are better than traditional trading cards.
NFT sports trading cards offer:
• Utility value in fantasy games
• Fractionalization and ownership by a group of collectors
• Collateral asset in smart contracts
• Potential programmed utility in future protocols
The fantasy sports NFTs (e.g. trading card) market is relatively new so let's consider the potential in the context of the legacy trading card market.
The PWCC 100 index, comprised of the top 100 trading cards by highest average market value outperformed the S&P 500 since 2008.
All personal tokens will naturally evolve into community tokens.
Since the network size of a personal token is limited to an individual, there is a natural transition from a personal token into a community token as an individual’s audience grows and their brand matures. 1/
2/ Personal tokens transition into community tokens when:
• DAO governs tokens
• Token supply is shifted to a community treasury
• Tokens hold a direct affiliation with an organization
• Revenues from the personal token are meaningfully shared with the token holder community
3/ The point when a personal token becomes a community token is vague but will grow clearer as social token standards further develop.
The early taxonomy for social tokens is starting to form. How social tokens evolve is unknown and therein lies the market opportunity.
Climate change is one of the greatest challenges of humanity. USV now has a $162m Climate Fund for climate solutions.
Crypto doesn't often intersect with solutions for climate change but there are ways for crypto to grow more sustainable and contribute to a greener world.
1/
We're past the point of climate mitigation and now need to focus on sequestration and removal.
Nori is helping build a robust marketplace for carbon removal.
While most of the energy used to mine Bitcoin comes from renewables, there are still ways to utilize Bitcoin mining to combat problems like the Duck Curve, grid stability, and more.