Web3 applications are laying the foundation for a new era

Although the full realization of the Web3 vision is still some distance away, some key Web3 tools have begun to emerge and lay the groundwork. These tools include on-chain communication, Web3 email, treasury management, document signing, and data indexing applications. They are not empty talk about grand visions, but rather tangible use cases.

By studying more than 30 Web3 tool applications, we can have a real understanding of the adoption and progress of Web3, and more clearly depict the landscape of the Web3 world.

On-chain Communication

Communication between wallet addresses opens up infinite possibilities for interaction between individuals. Anyone can create countless wallet addresses and can communicate directly with other addresses without needing to become "friends". This also provides new avenues for privacy protection.

The main on-chain communication applications currently include XMTP and Push Protocol. They enable communication in three dimensions: bidirectional communication between wallet addresses, notifications from DApps to wallet addresses, and notifications from creators to the community.

The main challenges faced by this type of application are the proliferation of spam and low rates of genuine adoption. In the future, they may appear more as functional plugins for other Web3 applications.

Web3 Email

Web3 email supports logging in with wallet addresses, achieving unified identity authentication. Most Web3 emails also offer privacy protection features, such as email and inbox encryption. Some projects like Mail3.me even incentivize users to use them through rewards.

Compared to traditional email, Web3 email has advantages in terms of security. In the future, it is necessary to strengthen integration with other applications and expand use cases.

Web3 Treasury Management

The biggest advantage of Web3 treasury management tools is the transparency of data. Asset holdings and the flow of funds are clear at a glance. Most tools also support multi-signature management, enhancing the safety of funds.

In addition to fund management, these tools also provide payment and data analysis functions. Safe(, the original Gnosis Safe), is a leader in this field. Some projects like Multis are also trying to attract traditional institutional clients.

Web3 File Signature

The Web3 document signing tool uses wallet addresses for signatures, effectively preventing signature forgery. ETHSign and DIDSign are representative projects in this field.

On-chain Data Index

These applications mainly provide on-chain data analysis or search engine functionality. For example, 0xScope offers address aggregation analysis, while RSS3 and neeva.xyz provide user-friendly search tools. Mazury also focuses on connecting Web3 talents with job opportunities.

Characteristics of Web3

By analyzing these applications, we can summarize several key features of Web3:

1. No access restrictions, no artificial barriers are set.
2. Authenticity, data cannot be hidden or fabricated
3. Data flow brings both efficiency and risks.

Prospects for Web3 Development

Web3 will not be completely separate from Web2; rather, it is a gradual infiltration process. These applications are adding Web3 functionalities and attributes on the foundation of Web2. Although it will take time to fully realize the vision of Web3, these applications have already made us feel that Web3 is not far from us, and it will bring us new experiences such as no access restrictions, authenticity, and efficient data flow.