The Current Status and Future Outlook of Web3 Infrastructure Development

The core of Web3 lies in achieving user ownership of assets and data through blockchain technology. In this development process, data, storage, and computation have become important cornerstones of Web3.

Blockchain projects focusing on areas such as Filecoin, Arweave, Dfinity, etc., have seen a decline in market attention, but they continue to build. The activity levels of these projects, the richness of their ecosystems, and their updates on social media indicate that Web3 infrastructure is becoming more robust. Currently, their main challenge is how to achieve broader adoption.

In the data field, oracles and data indexing protocols, as well as public chains focused on DID, are the main components. Data in the Web3 era has open-source characteristics, can flow freely, and has greater composability potential. However, this also brings challenges to privacy protection. Some protocols are providing privacy features for users through encryption technology, allowing users to control access to their own data.

Storage public chains have adopted different competitive strategies. For example, Arweave focuses on permanent storage, while Filecoin offers more flexible short-term storage solutions. These projects are also actively following market trends, such as providing storage services for NFTs or improving performance through technological innovations.

In terms of public chains, despite many projects securing significant funding and possessing excellent technology, true widespread adoption still faces challenges. These projects may need to focus more on popular applications and new gameplay, nurturing flagship projects to attract more users and developers. Application chains may become the development trend of a new generation of high-performance public chains.

The Web3 ecosystem is still in the development stage of "fat protocols and thin applications," with significant room for improvement in infrastructure. In the future, as on-chain data becomes richer, storage solutions improve, privacy protection strengthens, and true interoperability between different chains is realized, Web3 will be able to better support various applications, achieving a decentralized, free, and rich Web3 world.