Introduction: The Real Web 3.0

Are we finally about to upgrade our Internet infrastructure to the highly anticipated next generation known as Web 3.0? The first version of the Internet consisted of read-only, static websites, while Web 2.0 provided the ability to interact with and create content, enabling activities such as social networking, online banking, and shopping. But it has serious security, privacy, and censorship flaws. Moreover, the dominance of tech giants has only contributed to the further exploitation of users.

Web 3.0 changes this by defining new standards for the Internet using blockchain technology. And while many “web3” projects still critically rely on centralized services, such as centralized domains, cloud storage, and browser extensions (which earn it Web 2.5 instead), one startup, Point Labs, is pushing for a radical decentralization of all major internet components, finally fulfilling the full definition of a true Web 3.0.

What is Point Network?

Point Network is a software suite consisting of a blockchain-based peer-to-peer network Point Chain, a local running node called Point Core and a decentralized browser called Point Browser, which provides everything needed to enjoy the full Web 3.0 -experience. Instead of centralized domains, which can be taken at any time by ICANN and the US government, it features decentralized domains that live on the blockchain. Instead of relying on cloud storage, everything on this new internet need only come from Arweave, which is a decentralized storage network, thus providing data integrity and censorship resistance for websites and dApps. Making this economically possible is POINT, a utility token designed primarily for micropayments to storage providers and validators for using the decentralized Internet.

In the current crypto sphere, users are forced to deal with a lack of standards, configuring and maintaining a patchwork of different blockchains and dApps, each with its implementation of common parts. Standards like ERC-20 and Metamask API helped a bit; however, Point network aims to solve all these challenges using a special Web 3.0 browser called Point Browser, and a locally running node software Point Core.

As a result, a web3 user only needs to log into Point Browser with one seed phrase to instantly access decentralized websites and dApps on Point, Ethereum, Solana and other chains, or even make Bitcoin and Bitcoin Lightning transactions. to send.

Creating more opportunities

Once the main infrastructure for a real Web3 is created and operational (and the company is already launched) a public alpha with a growing user base), it opens up a world of possibilities for web3 dApps. For example, when the Point Labs recently road map (which, unlike other crypto projects, are not just a few points on a timeline, but an entire Trello-shaped website), it became clear that they are working on Point Social, a decentralized censorship-resistant social network with transparent algorithms, and Point Mail, end-to-end encrypted decentralized email service that should surpass Protonmail in terms of privacy.

However, it also becomes apparent that one team, regardless of funding and popularity, would not be able to quickly build all the decentralized successors to YouTube, Reddit, Github, Google Drive, and so on. This is why, instead of trying to take all the Web3 pie pieces for itself, Point Labs would host one last private mega round before the public launch in May, which could help fund and support several startups at the same time. , building the necessary Web3 apps on Point. This means that now is the best time for the next Steve Jobses, Larrys and Sergeys, and Jack Mas to claim a stake in Web3’s terra-incognita.

How soon can we enjoy real Web3?

Creating the internet from scratch with forced decentralization at every level is no mean feat and requires a lot of research, engineering and testing. there is already a public alpha of Point Network, which allows anyone who wants to become an early adopter to explore the network and a Telegram group where they can enroll as an alpha tester to get some USDC for giving feedback.

Point Network is still in its infancy and hasn’t changed into its final form, just as the Internet of the 1990s couldn’t possibly have prepared us for the unimaginable possibilities that would come decades later. This, however, is enough for curious minds to get a taste of what a real Web3 might look like, and participate in shaping its early history, sharing feedback and discussing ideas within the community, which contributes to making Web3 a successful reality faster.

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