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2022-02-05

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2022 Could be a Success or a Lost Opportunity for Novavax

2022-12-08

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2022-05-30

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Web3 Was Supposed to Save the Internet. It Has a Long Way to Go

2022-03-12

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DiDi Shares Tumbled 20% in Morning Trading

2023-03-08

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@YT Finance: Is NIO Stock The Next Big EV Winner? Our Analysis Says YES, Nio is a great EV stock!

2023-03-08

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@SpicyTrade: SPY ( $SPY ) stock analysis

2022-05-30

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Web3 Was Supposed to Save the Internet. It Has a Long Way to Go

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for sharing&nbsp;","listText":"Thanks for sharing&nbsp;","text":"Thanks for sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949051739","repostId":"9949053114","repostType":1,"repost":{"id":9949053114,"gmtCreate":1678254504739,"gmtModify":1678254659565,"author":{"id":"3479274788369128","authorId":"3479274788369128","name":"YT Finance","avatar":"https://static.tigerbbs.com/b6a88deab8f94c02e156d705ee928536","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3479274788369128","authorIdStr":"3479274788369128"},"themes":[],"htmlText":"\n \n \n  Is NIO Stock The Next Big EV Winner? Our Analysis Says YES, Nio is a great EV stock!\n \n","listText":"Is NIO Stock The Next Big EV Winner? Our Analysis Says YES, Nio is a great EV stock!","text":"Is NIO Stock The Next Big EV Winner? Our Analysis Says YES, Nio is a great EV stock!","images":[],"top":1,"highlighted":2,"essential":2,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949053114","isVote":1,"tweetType":2,"object":{"id":"aa13d2e7ee9e45ef97214557a5149b1e","tweetId":"9949053114","title":"Is NIO Stock The Next Big EV Winner? 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He added, &#34;We are not far from dangerously strong AI.&#34;</p><p>Whether or not you agree with Musk&#39;s fear about the threat presented by artificial intelligence, he&#39;s on the mark with his view about how good ChatGPT is. I&#39;ve had multiple lengthy conversations with the new chatbot over the past few days. The discussions ranged from economic theory to how to address major global problems to what Ben Franklin would think about the modern world if he time-traveled to the present. I was impressed by ChatGPT&#39;s responses.</p><p>Because I write about investing, I couldn&#39;t help but bring the topic up with my AI pal. I thought I&#39;d share some insights gathered from one of our conversations. Here are the three best high-yield dividend stocks to buy in December, according to OpenAI&#39;s amazing new chatbot.</p><h2>1. <a href=\"https://laohu8.com/S/ET\">Energy Transfer LP</a></h2><p>ChatGPT&#39;s first recommendation was <b>Energy Transfer LP</b>. I should note, though, that the chatbot said that its list of recommendations wasn&#39;t sorted in any way (although they&#39;re in alphabetical order).</p><p>Energy Transfer LP ranks as one of the largest midstream energy companies in the world. The company exports nearly 20% of global natural gas liquids -- more than any other company (or any country, for that matter).</p><p>Why did ChatGPT like this stock? For one thing, it has a high-distribution yield that currently tops 8.5%. Energy Transfer has a solid history of paying distributions. The company is strong financially with a diversified portfolio of assets including pipelines, storage facilities, and terminals. The AI system also felt that Energy Transfer has a good management team with a track record of success.</p><h2>2. <a href=\"https://laohu8.com/S/O\">Realty Income Corp</a>.</h2><p><b>Realty Income Corp.</b> was the second high-yield dividend stock on ChatGPT&#39;s list. It&#39;s one of the five largest real estate investment trusts (REITs) in the U.S. Realty Income&#39;s tenants include dollar stores, convenience stores, grocery stores, restaurants, and more.</p><p>ChatGPT quickly pointed out that Realty Income has a high-dividend yield and a strong history of dividend growth. It&#39;s right on both points. The REIT&#39;s dividend yield currently stands above 4.7%. Realty Income is also a Dividend Aristocrat with 27 consecutive years of dividend increases.</p><p>Realty Income&#39;s dividend program wasn&#39;t the only plus for the stock in ChatGPT&#39;s view, though. The chatbot also liked the company&#39;s historical financial strength and diversified portfolio of properties.</p><h2>3. Shell plc</h2><p>Technically, ChatGPT recommended Royal Dutch Shell as its third pick. But the AI system&#39;s training data only went through in late 2021. Royal Dutch Shell changed its name to <b>Shell plc </b>in January 2022. The rationale for choosing this stock is still applicable, though.</p><p>Obviously, the chatbot thought highly of Shell&#39;s dividend. The company&#39;s dividend yield is nearly 3.5% today but was probably a little higher than that in ChatGPT&#39;s training data. The AI system also viewed Shell&#39;s strong financial position as a positive.</p><p>In addition, ChatGPT felt that Shell&#39;s global operations could &#34;provide some diversification and resilience during uncertain economic times.&#34; The company does business in more than 70 countries worldwide.</p><h2>Intelligent picks?</h2><p>So how intelligent were the picks from OpenAI&#39;s new AI system? Overall, I think they were good.</p><p>Energy Transfer is arguably one of the best ultra-high-yield dividend stocks on the market right now. My colleague Matt Frankel wrote last month that if he could buy only one stock, it would be Realty Income. Shell has certainly been a huge winner this year and could go higher if global oil and gas supply is limited by the EU&#39;s introduction of a cap on Russian oil.</p><p>But ChatGPT wasn&#39;t perfect. For example, it noted Shell&#39;s &#34;history of consistent dividend growth.&#34; The company&#39;s actual history of dividend growth isn&#39;t anything to crow about. Also, I suspect that the recommendations might have been different if the chatbot had access to current data.</p><p>I wouldn&#39;t rely on ChatGPT for investment advice. It wouldn&#39;t advise doing so either. The AI system emphasized that it&#39;s &#34;important to thoroughly research and carefully evaluate any potential stock purchases.&#34; That&#39;s intelligent counsel for all investors.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Best High-Yield Dividend Stocks to Buy in December, According to OpenAI's Amazing New ChatBot</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Best High-Yield Dividend Stocks to Buy in December, According to OpenAI's Amazing New ChatBot\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-08 23:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/12/07/3-best-high-yield-dividend-stocks-to-buy-in-decemb/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>\"Scary good.\" That's Elon Musk's description of OpenAI's new prototype ChatGPT chatbot in a tweet over the weekend. He added, \"We are not far from dangerously strong AI.\"Whether or not you agree with ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/12/07/3-best-high-yield-dividend-stocks-to-buy-in-decemb/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RYDAF":"SHELL PLC","O":"Realty Income Corp","ET":"Energy Transfer LP"},"source_url":"https://www.fool.com/investing/2022/12/07/3-best-high-yield-dividend-stocks-to-buy-in-decemb/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2289551436","content_text":"\"Scary good.\" That's Elon Musk's description of OpenAI's new prototype ChatGPT chatbot in a tweet over the weekend. He added, \"We are not far from dangerously strong AI.\"Whether or not you agree with Musk's fear about the threat presented by artificial intelligence, he's on the mark with his view about how good ChatGPT is. I've had multiple lengthy conversations with the new chatbot over the past few days. The discussions ranged from economic theory to how to address major global problems to what Ben Franklin would think about the modern world if he time-traveled to the present. I was impressed by ChatGPT's responses.Because I write about investing, I couldn't help but bring the topic up with my AI pal. I thought I'd share some insights gathered from one of our conversations. Here are the three best high-yield dividend stocks to buy in December, according to OpenAI's amazing new chatbot.1. Energy Transfer LPChatGPT's first recommendation was Energy Transfer LP. I should note, though, that the chatbot said that its list of recommendations wasn't sorted in any way (although they're in alphabetical order).Energy Transfer LP ranks as one of the largest midstream energy companies in the world. The company exports nearly 20% of global natural gas liquids -- more than any other company (or any country, for that matter).Why did ChatGPT like this stock? For one thing, it has a high-distribution yield that currently tops 8.5%. Energy Transfer has a solid history of paying distributions. The company is strong financially with a diversified portfolio of assets including pipelines, storage facilities, and terminals. The AI system also felt that Energy Transfer has a good management team with a track record of success.2. Realty Income Corp.Realty Income Corp. was the second high-yield dividend stock on ChatGPT's list. It's one of the five largest real estate investment trusts (REITs) in the U.S. Realty Income's tenants include dollar stores, convenience stores, grocery stores, restaurants, and more.ChatGPT quickly pointed out that Realty Income has a high-dividend yield and a strong history of dividend growth. It's right on both points. The REIT's dividend yield currently stands above 4.7%. Realty Income is also a Dividend Aristocrat with 27 consecutive years of dividend increases.Realty Income's dividend program wasn't the only plus for the stock in ChatGPT's view, though. The chatbot also liked the company's historical financial strength and diversified portfolio of properties.3. Shell plcTechnically, ChatGPT recommended Royal Dutch Shell as its third pick. But the AI system's training data only went through in late 2021. Royal Dutch Shell changed its name to Shell plc in January 2022. The rationale for choosing this stock is still applicable, though.Obviously, the chatbot thought highly of Shell's dividend. The company's dividend yield is nearly 3.5% today but was probably a little higher than that in ChatGPT's training data. The AI system also viewed Shell's strong financial position as a positive.In addition, ChatGPT felt that Shell's global operations could \"provide some diversification and resilience during uncertain economic times.\" The company does business in more than 70 countries worldwide.Intelligent picks?So how intelligent were the picks from OpenAI's new AI system? Overall, I think they were good.Energy Transfer is arguably one of the best ultra-high-yield dividend stocks on the market right now. My colleague Matt Frankel wrote last month that if he could buy only one stock, it would be Realty Income. Shell has certainly been a huge winner this year and could go higher if global oil and gas supply is limited by the EU's introduction of a cap on Russian oil.But ChatGPT wasn't perfect. For example, it noted Shell's \"history of consistent dividend growth.\" The company's actual history of dividend growth isn't anything to crow about. Also, I suspect that the recommendations might have been different if the chatbot had access to current data.I wouldn't rely on ChatGPT for investment advice. It wouldn't advise doing so either. The AI system emphasized that it's \"important to thoroughly research and carefully evaluate any potential stock purchases.\" That's intelligent counsel for all investors.","news_type":1},"isVote":1,"tweetType":1,"viewCount":365,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9024472120,"gmtCreate":1653917258460,"gmtModify":1676535362266,"author":{"id":"4103602949877450","authorId":"4103602949877450","name":"bptan1973","avatar":"https://static.tigerbbs.com/3bc9afb30415a151838a752cc38621fc","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4103602949877450","authorIdStr":"4103602949877450"},"themes":[],"htmlText":"like done pls like me too//<a href=\"https://laohu8.com/U/3569477879515338\">@EmmanuelQeen</a>:Like pls","listText":"like done pls like me too//<a href=\"https://laohu8.com/U/3569477879515338\">@EmmanuelQeen</a>:Like pls","text":"like done pls like me too//@EmmanuelQeen:Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9024472120","repostId":"2238520329","repostType":4,"repost":{"id":"2238520329","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1653912407,"share":"https://ttm.financial/m/news/2238520329?lang=&edition=fundamental","pubTime":"2022-05-30 20:06","market":"us","language":"en","title":"Web3 Was Supposed to Save the Internet. It Has a Long Way to Go","url":"https://stock-news.laohu8.com/highlight/detail?id=2238520329","media":"Dow Jones","summary":"Early this year when anything still seemed possible for technology companies, futurists and venture ","content":"<html><head></head><body><p>Early this year when anything still seemed possible for technology companies, futurists and venture capitalists were enthralled with the idea of building a new internet. Web3, as it became known, was poised to recapture the 1990s promise of a decentralized internet, free from gatekeepers and trillion-dollar platforms.</p><p>Cryptocurrencies had the starring role in the Web3 dream. Crypto, in theory, could wrest control from giants like <a href=\"https://laohu8.com/S/FB\">Meta Platforms</a> (ticker: FB), Alphabet <a href=\"https://laohu8.com/S/GOOGL\">$(GOOGL)$</a>, Amazon.com <a href=\"https://laohu8.com/S/AMZN\">$(AMZN)$</a>, and Apple <a href=\"https://laohu8.com/S/AAPL\">$(AAPL)$</a>. It would shift our online activities to blockchains -- handling everything from payments and trading to videogaming, social media, even real estate. It could also shift the economics to users, giving them financial incentives to govern and secure the networks.</p><p>A record $25 billion was plowed into crypto start-ups last year, with another $30 billion on track for this year, according to Bank of America. Even the recent downturn in crypto doesn&#39;t seem to have chilled new investment. This past week, venture-capital firm a16z announced a new crypto fund totaling $4.5 billion.</p><p>&#34;We think we are now entering the golden era of web3,&#34; a16z partner Chris Dixon wrote in announcing the investment.</p><p>And yet Web3 remains a heavy lift -- it&#39;s full of contradictions, glitchy technology, regulatory uncertainty, and competing economic interests. There&#39;s debate over who will &#34;own&#34; it -- companies backed by Silicon Valley venture capital, or the users themselves. And the crypto markets&#39; downturn -- wiping out more than $1 trillion in value for tokens this year -- makes a blockchain-based web even harder to fathom.</p><p>In the near term, Web3 may be a casualty of a tech backlash that has sent the Nasdaq Composite index down more than 25% this year. Crypto-related stocks have tanked, including Coinbase Global <a href=\"https://laohu8.com/S/COIN\">$(COIN)$</a> and Microstrategy <a href=\"https://laohu8.com/S/MSTR\">$(MSTR)$</a>, and payment apps <a href=\"https://laohu8.com/S/SQ\">Block</a> (SQ) and <a href=\"https://laohu8.com/S/PYPL\">PayPal</a> Holdings (PYPL). Among crypto start-ups, investment is harder to come by, and valuations are falling. <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a> forecasts that failure rates will rise.</p><p>Crypto fans talking up Web3 as a revolution face pushback from critics who see it as a marketing gimmick. In the end, Web3 is likely to fall somewhere in between.</p><p>&#34;We may have to go through <a href=\"https://laohu8.com/S/AONE.U\">one</a> or two hype cycles before the most important elements of the technology break through,&#34; says Gavin Wood, a co-founder of the Ethereum blockchain and head of another blockchain enterprise called Polkadot. As he sees it, Web3 today is where the internet was in 1998 -- early in its adoption but with vast potential and boom-bust cycles ahead.</p><p>&#34;Web3 is the next generation of the internet with capabilities that go well beyond what we have today,&#34; says Mark Palmer, a digital-asset analyst at brokerage BTIG. &#34;But the citizenry is not rising up to overthrow Web2.&#34;</p><p>Understanding Web3 requires a dip in the hot-tub time machine. Web1, the first generation from the 1990s, was based on static pages and directories that served as the first internet indexes. Web1&#39;s dial-up services, browsers, and banner ads evolved into the more modern internet, which came to be known as Web2. Companies like Amazon, Meta, Alphabet, Apple, and Microsoft <a href=\"https://laohu8.com/S/MSFT\">$(MSFT)$</a> now oversee the core of our web experiences. Walled gardens like Instagram, YouTube, and Apple&#39;s App Store prevail. Digital assets like videogame avatars and social-media followings sit on platforms owned by the giants.</p><p>In some ways, Web3 aims to turn back the clock, cutting out the intermediaries and dispersing apps, services, and digital assets on decentralized networks like Ethereum and other blockchains. Today, those networks are primarily used for trading and lending crypto assets, including new varieties like nonfungible tokens, or NFTs, and stablecoins, which are designed to maintain a fixed value.</p><p>But all sorts of other financial products and services could live on blockchains, potentially reducing the economic friction now associated with cross-border payments and transaction fees for goods and services. &#34;Blockchains have the potential to clear and settle transactions in a much more efficient way than traditional technology,&#34; says Sarah Hammer, an adjunct professor at the University of Pennsylvania Law School who specializes in crypto.</p><p>One example of Web3 already in practice is Filecoin, a crypto-powered storage network. Rather than storing files on cloud-based servers -- where they are ultimately controlled by a handful of big-tech operators -- they can be distributed and encrypted on personal hard drives with spare capacity. Testimonies of Holocaust and other genocide survivors are being preserved through Filecoin.</p><p>&#34;It&#39;s like Airbnb for file storage,&#34; says Marta Belcher, president and chair of the Filecoin Foundation. &#34;If you have extra space on your hard drive, you can rent it out. We think of it as the foundation for the next generation of the internet.&#34;</p><p>Filecoin may just scratch the surface of decentralized technologies. Projects like Helium aim to challenge telecom networks by distributing long-range Wi-Fi hot spots to individuals, giving financial incentives and payments for data traffic in tokens. NFTs allow for property rights, licensing agreements, and royalties to be traced and tracked. That opens up avenues for NFTs to become conduits for things like mortgages, car ownership titles, diplomas, and concert tickets. &#34;There&#39;s an infinite number of things you can do with a computer, and that&#39;s equivalent to what you can do with an NFT,&#34; says Gui Karyo, chief information officer of Dapper Labs, a leading NFT company.</p><p>Ideally, Web3 advocates say, the technology will lay the foundations for a more egalitarian web where the &#34;rents&#34; now charged by intermediaries will be more widely distributed. &#34;We should be moving to an internet where your digital property rights are genuine -- you&#39;re not a serf on Jack Dorsey&#39;s or Mark Zuckerberg&#39;s plantation; you own your homestead,&#34; says Nic Carter, a venture-capital investor in Web3 start-ups at Castle Island Ventures.</p><p>Silicon Valley&#39;s biggest and most successful venture-capital firms are investing heavily. &#34;Programmable blockchains are sufficiently advanced, and a diverse range of apps have reached tens of millions of users,&#34; a16z&#39;s Dixon said in a post this past week. Tokens also give users &#34;property rights: the ability to own a piece of the internet,&#34; he said in an previous post on Web3.</p><p>Web3 overlaps with the metaverse, another of tech&#39;s hottest topics before the recent selloff. The metaverse foresees a new internet based on virtual realities, online avatars, and new ways for people to socialize and work.</p><p>Facebook rebranded itself as Meta Platforms, betting that its Instagram, Facebook, and WhatsApp could become Web2 relics without help from blockchains, cryptos, and NFTs, which could grant consumers more control of their digital lives. Meta is now working on incorporating NFTs into Instagram. The currencies of digital worlds, whether for gaming, social, or e-commerce, are likely to be stablecoins -- digital tokens aimed at holding a peg to a dollar.</p><p>Yet Facebook&#39;s move is a reminder that the Web2 giants aren&#39;t sitting still. In the end, Web3 is unlikely to displace them. Indeed, there&#39;s good reason to think Web3 won&#39;t be all that decentralized. For one, it&#39;s being funded by many of the same entities that built Web2.</p><p>A16z, formally called Andreessen Horowitz, was an early investor in many Web2 stalwarts, including Facebook, Box, Lyft, and Pinterest.</p><p>Now, the firm owns stakes in dozens of crypto start-ups, including OpenSea and Dapper Labs, along with decentralized-finance, or DeFi, platforms including Ava Labs, Uniswap Labs, dYdX, and Compound. These DeFi platforms consist of &#34;smart contracts&#34; that set the conditions of a trade, cutting out intermediaries like a brokerage or centralized exchange.</p><p>VC firms aren&#39;t making investments based on sheer goodwill. They expect returns on capital and are likely to maintain stakes through token ownership or warrants. The platforms themselves may be decentralized, in the sense that anyone with some technical skills can write a &#34;permissionless&#34; smart contract and execute a trade without a broker/dealer. But that doesn&#39;t mean the platform isn&#39;t owned or governed by a corporate entity.</p><p>That rubs some tech gurus the wrong way. <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> co-founder Jack Dorsey stirred up an online frenzy last December when he tweeted, &#34;You don&#39;t own &#39;web3.&#39; The VCs and their LPs do,&#34; referring to venture-capital firms and their investors known as limited partners. &#34;It&#39;s ultimately a centralized entity with a different label.&#34;</p><p>Representatives for Dorsey and a16z declined to comment.</p><p>Crypto is proving enticing to VC firms partly because of the attractive &#34;tokenomics.&#34; For a traditional VC deal, the path from initial funding to exit usually takes five to seven years. In crypto, that timeline can be compressed to just two years, with VCs exiting their investment when a token goes live on an exchange or takes off on a DeFi platform.</p><p>&#34;You have a very short time to liquidity -- often it&#39;s like 24 months -- so even if the business doesn&#39;t pan out, you can still exit,&#34; says Carter. &#34;That&#39;s why crypto is so popular with VCs; even your losers can get liquidity, and you can exit before a product comes out.&#34;</p><p>The nebulous nature of Web3 is also alluring for early backers. &#34;There&#39;s no definition, and that&#39;s deliberate,&#34; says Carter, who backs crypto start-ups. &#34;If something is poorly defined, as an entrepreneur you can claim you&#39;re building it even if you&#39;re not. The lack of codification works to the benefit of people in the industry.&#34;</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Web3 Was Supposed to Save the Internet. It Has a Long Way to Go</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWeb3 Was Supposed to Save the Internet. It Has a Long Way to Go\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-05-30 20:06</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Early this year when anything still seemed possible for technology companies, futurists and venture capitalists were enthralled with the idea of building a new internet. Web3, as it became known, was poised to recapture the 1990s promise of a decentralized internet, free from gatekeepers and trillion-dollar platforms.</p><p>Cryptocurrencies had the starring role in the Web3 dream. Crypto, in theory, could wrest control from giants like <a href=\"https://laohu8.com/S/FB\">Meta Platforms</a> (ticker: FB), Alphabet <a href=\"https://laohu8.com/S/GOOGL\">$(GOOGL)$</a>, Amazon.com <a href=\"https://laohu8.com/S/AMZN\">$(AMZN)$</a>, and Apple <a href=\"https://laohu8.com/S/AAPL\">$(AAPL)$</a>. It would shift our online activities to blockchains -- handling everything from payments and trading to videogaming, social media, even real estate. It could also shift the economics to users, giving them financial incentives to govern and secure the networks.</p><p>A record $25 billion was plowed into crypto start-ups last year, with another $30 billion on track for this year, according to Bank of America. Even the recent downturn in crypto doesn&#39;t seem to have chilled new investment. This past week, venture-capital firm a16z announced a new crypto fund totaling $4.5 billion.</p><p>&#34;We think we are now entering the golden era of web3,&#34; a16z partner Chris Dixon wrote in announcing the investment.</p><p>And yet Web3 remains a heavy lift -- it&#39;s full of contradictions, glitchy technology, regulatory uncertainty, and competing economic interests. There&#39;s debate over who will &#34;own&#34; it -- companies backed by Silicon Valley venture capital, or the users themselves. And the crypto markets&#39; downturn -- wiping out more than $1 trillion in value for tokens this year -- makes a blockchain-based web even harder to fathom.</p><p>In the near term, Web3 may be a casualty of a tech backlash that has sent the Nasdaq Composite index down more than 25% this year. Crypto-related stocks have tanked, including Coinbase Global <a href=\"https://laohu8.com/S/COIN\">$(COIN)$</a> and Microstrategy <a href=\"https://laohu8.com/S/MSTR\">$(MSTR)$</a>, and payment apps <a href=\"https://laohu8.com/S/SQ\">Block</a> (SQ) and <a href=\"https://laohu8.com/S/PYPL\">PayPal</a> Holdings (PYPL). Among crypto start-ups, investment is harder to come by, and valuations are falling. <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a> forecasts that failure rates will rise.</p><p>Crypto fans talking up Web3 as a revolution face pushback from critics who see it as a marketing gimmick. In the end, Web3 is likely to fall somewhere in between.</p><p>&#34;We may have to go through <a href=\"https://laohu8.com/S/AONE.U\">one</a> or two hype cycles before the most important elements of the technology break through,&#34; says Gavin Wood, a co-founder of the Ethereum blockchain and head of another blockchain enterprise called Polkadot. As he sees it, Web3 today is where the internet was in 1998 -- early in its adoption but with vast potential and boom-bust cycles ahead.</p><p>&#34;Web3 is the next generation of the internet with capabilities that go well beyond what we have today,&#34; says Mark Palmer, a digital-asset analyst at brokerage BTIG. &#34;But the citizenry is not rising up to overthrow Web2.&#34;</p><p>Understanding Web3 requires a dip in the hot-tub time machine. Web1, the first generation from the 1990s, was based on static pages and directories that served as the first internet indexes. Web1&#39;s dial-up services, browsers, and banner ads evolved into the more modern internet, which came to be known as Web2. Companies like Amazon, Meta, Alphabet, Apple, and Microsoft <a href=\"https://laohu8.com/S/MSFT\">$(MSFT)$</a> now oversee the core of our web experiences. Walled gardens like Instagram, YouTube, and Apple&#39;s App Store prevail. Digital assets like videogame avatars and social-media followings sit on platforms owned by the giants.</p><p>In some ways, Web3 aims to turn back the clock, cutting out the intermediaries and dispersing apps, services, and digital assets on decentralized networks like Ethereum and other blockchains. Today, those networks are primarily used for trading and lending crypto assets, including new varieties like nonfungible tokens, or NFTs, and stablecoins, which are designed to maintain a fixed value.</p><p>But all sorts of other financial products and services could live on blockchains, potentially reducing the economic friction now associated with cross-border payments and transaction fees for goods and services. &#34;Blockchains have the potential to clear and settle transactions in a much more efficient way than traditional technology,&#34; says Sarah Hammer, an adjunct professor at the University of Pennsylvania Law School who specializes in crypto.</p><p>One example of Web3 already in practice is Filecoin, a crypto-powered storage network. Rather than storing files on cloud-based servers -- where they are ultimately controlled by a handful of big-tech operators -- they can be distributed and encrypted on personal hard drives with spare capacity. Testimonies of Holocaust and other genocide survivors are being preserved through Filecoin.</p><p>&#34;It&#39;s like Airbnb for file storage,&#34; says Marta Belcher, president and chair of the Filecoin Foundation. &#34;If you have extra space on your hard drive, you can rent it out. We think of it as the foundation for the next generation of the internet.&#34;</p><p>Filecoin may just scratch the surface of decentralized technologies. Projects like Helium aim to challenge telecom networks by distributing long-range Wi-Fi hot spots to individuals, giving financial incentives and payments for data traffic in tokens. NFTs allow for property rights, licensing agreements, and royalties to be traced and tracked. That opens up avenues for NFTs to become conduits for things like mortgages, car ownership titles, diplomas, and concert tickets. &#34;There&#39;s an infinite number of things you can do with a computer, and that&#39;s equivalent to what you can do with an NFT,&#34; says Gui Karyo, chief information officer of Dapper Labs, a leading NFT company.</p><p>Ideally, Web3 advocates say, the technology will lay the foundations for a more egalitarian web where the &#34;rents&#34; now charged by intermediaries will be more widely distributed. &#34;We should be moving to an internet where your digital property rights are genuine -- you&#39;re not a serf on Jack Dorsey&#39;s or Mark Zuckerberg&#39;s plantation; you own your homestead,&#34; says Nic Carter, a venture-capital investor in Web3 start-ups at Castle Island Ventures.</p><p>Silicon Valley&#39;s biggest and most successful venture-capital firms are investing heavily. &#34;Programmable blockchains are sufficiently advanced, and a diverse range of apps have reached tens of millions of users,&#34; a16z&#39;s Dixon said in a post this past week. Tokens also give users &#34;property rights: the ability to own a piece of the internet,&#34; he said in an previous post on Web3.</p><p>Web3 overlaps with the metaverse, another of tech&#39;s hottest topics before the recent selloff. The metaverse foresees a new internet based on virtual realities, online avatars, and new ways for people to socialize and work.</p><p>Facebook rebranded itself as Meta Platforms, betting that its Instagram, Facebook, and WhatsApp could become Web2 relics without help from blockchains, cryptos, and NFTs, which could grant consumers more control of their digital lives. Meta is now working on incorporating NFTs into Instagram. The currencies of digital worlds, whether for gaming, social, or e-commerce, are likely to be stablecoins -- digital tokens aimed at holding a peg to a dollar.</p><p>Yet Facebook&#39;s move is a reminder that the Web2 giants aren&#39;t sitting still. In the end, Web3 is unlikely to displace them. Indeed, there&#39;s good reason to think Web3 won&#39;t be all that decentralized. For one, it&#39;s being funded by many of the same entities that built Web2.</p><p>A16z, formally called Andreessen Horowitz, was an early investor in many Web2 stalwarts, including Facebook, Box, Lyft, and Pinterest.</p><p>Now, the firm owns stakes in dozens of crypto start-ups, including OpenSea and Dapper Labs, along with decentralized-finance, or DeFi, platforms including Ava Labs, Uniswap Labs, dYdX, and Compound. These DeFi platforms consist of &#34;smart contracts&#34; that set the conditions of a trade, cutting out intermediaries like a brokerage or centralized exchange.</p><p>VC firms aren&#39;t making investments based on sheer goodwill. They expect returns on capital and are likely to maintain stakes through token ownership or warrants. The platforms themselves may be decentralized, in the sense that anyone with some technical skills can write a &#34;permissionless&#34; smart contract and execute a trade without a broker/dealer. But that doesn&#39;t mean the platform isn&#39;t owned or governed by a corporate entity.</p><p>That rubs some tech gurus the wrong way. <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> co-founder Jack Dorsey stirred up an online frenzy last December when he tweeted, &#34;You don&#39;t own &#39;web3.&#39; The VCs and their LPs do,&#34; referring to venture-capital firms and their investors known as limited partners. &#34;It&#39;s ultimately a centralized entity with a different label.&#34;</p><p>Representatives for Dorsey and a16z declined to comment.</p><p>Crypto is proving enticing to VC firms partly because of the attractive &#34;tokenomics.&#34; For a traditional VC deal, the path from initial funding to exit usually takes five to seven years. In crypto, that timeline can be compressed to just two years, with VCs exiting their investment when a token goes live on an exchange or takes off on a DeFi platform.</p><p>&#34;You have a very short time to liquidity -- often it&#39;s like 24 months -- so even if the business doesn&#39;t pan out, you can still exit,&#34; says Carter. &#34;That&#39;s why crypto is so popular with VCs; even your losers can get liquidity, and you can exit before a product comes out.&#34;</p><p>The nebulous nature of Web3 is also alluring for early backers. &#34;There&#39;s no definition, and that&#39;s deliberate,&#34; says Carter, who backs crypto start-ups. &#34;If something is poorly defined, as an entrepreneur you can claim you&#39;re building it even if you&#39;re not. The lack of codification works to the benefit of people in the industry.&#34;</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSTR":"MicroStrategy","BK4571":"数字音乐概念","COIN":"Coinbase Global, Inc.","BK4534":"瑞士信贷持仓","BK4567":"ESG概念","BK4507":"流媒体概念","GOOGL":"谷歌A","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4576":"AR","BK4525":"远程办公概念","BK4566":"资本集团","BK4575":"芯片概念","GOOG":"谷歌","BK4535":"淡马锡持仓","BK4524":"宅经济概念","BK4508":"社交媒体","BK4538":"云计算","BK4527":"明星科技股","BK4559":"巴菲特持仓","BK4501":"段永平概念","BK4077":"互动媒体与服务","BK4579":"人工智能","BK4550":"红杉资本持仓","BK4122":"互联网与直销零售","BK4503":"景林资产持仓","BK4551":"寇图资本持仓","BK4574":"无人驾驶","META":"Meta Platforms, Inc.","BK4573":"虚拟现实","BK4097":"系统软件","BK4561":"索罗斯持仓","BK4505":"高瓴资本持仓","BK4581":"高盛持仓","BK4504":"桥水持仓","BK4512":"苹果概念","BK4112":"金融交易所和数据","BK4548":"巴美列捷福持仓","BK4514":"搜索引擎","SQ":"Block","MSFT":"微软","BK4539":"次新股","BK4528":"SaaS概念","BK4516":"特朗普概念","BK4106":"数据处理与外包服务","PYPL":"PayPal","BK4532":"文艺复兴科技持仓","BK4554":"元宇宙及AR概念","BK4515":"5G概念","BK4553":"喜马拉雅资本持仓"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2238520329","content_text":"Early this year when anything still seemed possible for technology companies, futurists and venture capitalists were enthralled with the idea of building a new internet. Web3, as it became known, was poised to recapture the 1990s promise of a decentralized internet, free from gatekeepers and trillion-dollar platforms.Cryptocurrencies had the starring role in the Web3 dream. Crypto, in theory, could wrest control from giants like Meta Platforms (ticker: FB), Alphabet $(GOOGL)$, Amazon.com $(AMZN)$, and Apple $(AAPL)$. It would shift our online activities to blockchains -- handling everything from payments and trading to videogaming, social media, even real estate. It could also shift the economics to users, giving them financial incentives to govern and secure the networks.A record $25 billion was plowed into crypto start-ups last year, with another $30 billion on track for this year, according to Bank of America. Even the recent downturn in crypto doesn't seem to have chilled new investment. This past week, venture-capital firm a16z announced a new crypto fund totaling $4.5 billion.\"We think we are now entering the golden era of web3,\" a16z partner Chris Dixon wrote in announcing the investment.And yet Web3 remains a heavy lift -- it's full of contradictions, glitchy technology, regulatory uncertainty, and competing economic interests. There's debate over who will \"own\" it -- companies backed by Silicon Valley venture capital, or the users themselves. And the crypto markets' downturn -- wiping out more than $1 trillion in value for tokens this year -- makes a blockchain-based web even harder to fathom.In the near term, Web3 may be a casualty of a tech backlash that has sent the Nasdaq Composite index down more than 25% this year. Crypto-related stocks have tanked, including Coinbase Global $(COIN)$ and Microstrategy $(MSTR)$, and payment apps Block (SQ) and PayPal Holdings (PYPL). Among crypto start-ups, investment is harder to come by, and valuations are falling. Morgan Stanley forecasts that failure rates will rise.Crypto fans talking up Web3 as a revolution face pushback from critics who see it as a marketing gimmick. In the end, Web3 is likely to fall somewhere in between.\"We may have to go through one or two hype cycles before the most important elements of the technology break through,\" says Gavin Wood, a co-founder of the Ethereum blockchain and head of another blockchain enterprise called Polkadot. As he sees it, Web3 today is where the internet was in 1998 -- early in its adoption but with vast potential and boom-bust cycles ahead.\"Web3 is the next generation of the internet with capabilities that go well beyond what we have today,\" says Mark Palmer, a digital-asset analyst at brokerage BTIG. \"But the citizenry is not rising up to overthrow Web2.\"Understanding Web3 requires a dip in the hot-tub time machine. Web1, the first generation from the 1990s, was based on static pages and directories that served as the first internet indexes. Web1's dial-up services, browsers, and banner ads evolved into the more modern internet, which came to be known as Web2. Companies like Amazon, Meta, Alphabet, Apple, and Microsoft $(MSFT)$ now oversee the core of our web experiences. Walled gardens like Instagram, YouTube, and Apple's App Store prevail. Digital assets like videogame avatars and social-media followings sit on platforms owned by the giants.In some ways, Web3 aims to turn back the clock, cutting out the intermediaries and dispersing apps, services, and digital assets on decentralized networks like Ethereum and other blockchains. Today, those networks are primarily used for trading and lending crypto assets, including new varieties like nonfungible tokens, or NFTs, and stablecoins, which are designed to maintain a fixed value.But all sorts of other financial products and services could live on blockchains, potentially reducing the economic friction now associated with cross-border payments and transaction fees for goods and services. \"Blockchains have the potential to clear and settle transactions in a much more efficient way than traditional technology,\" says Sarah Hammer, an adjunct professor at the University of Pennsylvania Law School who specializes in crypto.One example of Web3 already in practice is Filecoin, a crypto-powered storage network. Rather than storing files on cloud-based servers -- where they are ultimately controlled by a handful of big-tech operators -- they can be distributed and encrypted on personal hard drives with spare capacity. Testimonies of Holocaust and other genocide survivors are being preserved through Filecoin.\"It's like Airbnb for file storage,\" says Marta Belcher, president and chair of the Filecoin Foundation. \"If you have extra space on your hard drive, you can rent it out. We think of it as the foundation for the next generation of the internet.\"Filecoin may just scratch the surface of decentralized technologies. Projects like Helium aim to challenge telecom networks by distributing long-range Wi-Fi hot spots to individuals, giving financial incentives and payments for data traffic in tokens. NFTs allow for property rights, licensing agreements, and royalties to be traced and tracked. That opens up avenues for NFTs to become conduits for things like mortgages, car ownership titles, diplomas, and concert tickets. \"There's an infinite number of things you can do with a computer, and that's equivalent to what you can do with an NFT,\" says Gui Karyo, chief information officer of Dapper Labs, a leading NFT company.Ideally, Web3 advocates say, the technology will lay the foundations for a more egalitarian web where the \"rents\" now charged by intermediaries will be more widely distributed. \"We should be moving to an internet where your digital property rights are genuine -- you're not a serf on Jack Dorsey's or Mark Zuckerberg's plantation; you own your homestead,\" says Nic Carter, a venture-capital investor in Web3 start-ups at Castle Island Ventures.Silicon Valley's biggest and most successful venture-capital firms are investing heavily. \"Programmable blockchains are sufficiently advanced, and a diverse range of apps have reached tens of millions of users,\" a16z's Dixon said in a post this past week. Tokens also give users \"property rights: the ability to own a piece of the internet,\" he said in an previous post on Web3.Web3 overlaps with the metaverse, another of tech's hottest topics before the recent selloff. The metaverse foresees a new internet based on virtual realities, online avatars, and new ways for people to socialize and work.Facebook rebranded itself as Meta Platforms, betting that its Instagram, Facebook, and WhatsApp could become Web2 relics without help from blockchains, cryptos, and NFTs, which could grant consumers more control of their digital lives. Meta is now working on incorporating NFTs into Instagram. The currencies of digital worlds, whether for gaming, social, or e-commerce, are likely to be stablecoins -- digital tokens aimed at holding a peg to a dollar.Yet Facebook's move is a reminder that the Web2 giants aren't sitting still. In the end, Web3 is unlikely to displace them. Indeed, there's good reason to think Web3 won't be all that decentralized. For one, it's being funded by many of the same entities that built Web2.A16z, formally called Andreessen Horowitz, was an early investor in many Web2 stalwarts, including Facebook, Box, Lyft, and Pinterest.Now, the firm owns stakes in dozens of crypto start-ups, including OpenSea and Dapper Labs, along with decentralized-finance, or DeFi, platforms including Ava Labs, Uniswap Labs, dYdX, and Compound. These DeFi platforms consist of \"smart contracts\" that set the conditions of a trade, cutting out intermediaries like a brokerage or centralized exchange.VC firms aren't making investments based on sheer goodwill. They expect returns on capital and are likely to maintain stakes through token ownership or warrants. The platforms themselves may be decentralized, in the sense that anyone with some technical skills can write a \"permissionless\" smart contract and execute a trade without a broker/dealer. But that doesn't mean the platform isn't owned or governed by a corporate entity.That rubs some tech gurus the wrong way. Twitter co-founder Jack Dorsey stirred up an online frenzy last December when he tweeted, \"You don't own 'web3.' The VCs and their LPs do,\" referring to venture-capital firms and their investors known as limited partners. \"It's ultimately a centralized entity with a different label.\"Representatives for Dorsey and a16z declined to comment.Crypto is proving enticing to VC firms partly because of the attractive \"tokenomics.\" For a traditional VC deal, the path from initial funding to exit usually takes five to seven years. In crypto, that timeline can be compressed to just two years, with VCs exiting their investment when a token goes live on an exchange or takes off on a DeFi platform.\"You have a very short time to liquidity -- often it's like 24 months -- so even if the business doesn't pan out, you can still exit,\" says Carter. \"That's why crypto is so popular with VCs; even your losers can get liquidity, and you can exit before a product comes out.\"The nebulous nature of Web3 is also alluring for early backers. \"There's no definition, and that's deliberate,\" says Carter, who backs crypto start-ups. \"If something is poorly defined, as an entrepreneur you can claim you're building it even if you're not. The lack of codification works to the benefit of people in the industry.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":815,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9024472995,"gmtCreate":1653917227817,"gmtModify":1676535362251,"author":{"id":"4103602949877450","authorId":"4103602949877450","name":"bptan1973","avatar":"https://static.tigerbbs.com/3bc9afb30415a151838a752cc38621fc","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4103602949877450","authorIdStr":"4103602949877450"},"themes":[],"htmlText":"Thanks for your sharing","listText":"Thanks for your sharing","text":"Thanks for your sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9024472995","repostId":"2238520329","repostType":4,"repost":{"id":"2238520329","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1653912407,"share":"https://ttm.financial/m/news/2238520329?lang=&edition=fundamental","pubTime":"2022-05-30 20:06","market":"us","language":"en","title":"Web3 Was Supposed to Save the Internet. It Has a Long Way to Go","url":"https://stock-news.laohu8.com/highlight/detail?id=2238520329","media":"Dow Jones","summary":"Early this year when anything still seemed possible for technology companies, futurists and venture ","content":"<html><head></head><body><p>Early this year when anything still seemed possible for technology companies, futurists and venture capitalists were enthralled with the idea of building a new internet. Web3, as it became known, was poised to recapture the 1990s promise of a decentralized internet, free from gatekeepers and trillion-dollar platforms.</p><p>Cryptocurrencies had the starring role in the Web3 dream. Crypto, in theory, could wrest control from giants like <a href=\"https://laohu8.com/S/FB\">Meta Platforms</a> (ticker: FB), Alphabet <a href=\"https://laohu8.com/S/GOOGL\">$(GOOGL)$</a>, Amazon.com <a href=\"https://laohu8.com/S/AMZN\">$(AMZN)$</a>, and Apple <a href=\"https://laohu8.com/S/AAPL\">$(AAPL)$</a>. It would shift our online activities to blockchains -- handling everything from payments and trading to videogaming, social media, even real estate. It could also shift the economics to users, giving them financial incentives to govern and secure the networks.</p><p>A record $25 billion was plowed into crypto start-ups last year, with another $30 billion on track for this year, according to Bank of America. Even the recent downturn in crypto doesn&#39;t seem to have chilled new investment. This past week, venture-capital firm a16z announced a new crypto fund totaling $4.5 billion.</p><p>&#34;We think we are now entering the golden era of web3,&#34; a16z partner Chris Dixon wrote in announcing the investment.</p><p>And yet Web3 remains a heavy lift -- it&#39;s full of contradictions, glitchy technology, regulatory uncertainty, and competing economic interests. There&#39;s debate over who will &#34;own&#34; it -- companies backed by Silicon Valley venture capital, or the users themselves. And the crypto markets&#39; downturn -- wiping out more than $1 trillion in value for tokens this year -- makes a blockchain-based web even harder to fathom.</p><p>In the near term, Web3 may be a casualty of a tech backlash that has sent the Nasdaq Composite index down more than 25% this year. Crypto-related stocks have tanked, including Coinbase Global <a href=\"https://laohu8.com/S/COIN\">$(COIN)$</a> and Microstrategy <a href=\"https://laohu8.com/S/MSTR\">$(MSTR)$</a>, and payment apps <a href=\"https://laohu8.com/S/SQ\">Block</a> (SQ) and <a href=\"https://laohu8.com/S/PYPL\">PayPal</a> Holdings (PYPL). Among crypto start-ups, investment is harder to come by, and valuations are falling. <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a> forecasts that failure rates will rise.</p><p>Crypto fans talking up Web3 as a revolution face pushback from critics who see it as a marketing gimmick. In the end, Web3 is likely to fall somewhere in between.</p><p>&#34;We may have to go through <a href=\"https://laohu8.com/S/AONE.U\">one</a> or two hype cycles before the most important elements of the technology break through,&#34; says Gavin Wood, a co-founder of the Ethereum blockchain and head of another blockchain enterprise called Polkadot. As he sees it, Web3 today is where the internet was in 1998 -- early in its adoption but with vast potential and boom-bust cycles ahead.</p><p>&#34;Web3 is the next generation of the internet with capabilities that go well beyond what we have today,&#34; says Mark Palmer, a digital-asset analyst at brokerage BTIG. &#34;But the citizenry is not rising up to overthrow Web2.&#34;</p><p>Understanding Web3 requires a dip in the hot-tub time machine. Web1, the first generation from the 1990s, was based on static pages and directories that served as the first internet indexes. Web1&#39;s dial-up services, browsers, and banner ads evolved into the more modern internet, which came to be known as Web2. Companies like Amazon, Meta, Alphabet, Apple, and Microsoft <a href=\"https://laohu8.com/S/MSFT\">$(MSFT)$</a> now oversee the core of our web experiences. Walled gardens like Instagram, YouTube, and Apple&#39;s App Store prevail. Digital assets like videogame avatars and social-media followings sit on platforms owned by the giants.</p><p>In some ways, Web3 aims to turn back the clock, cutting out the intermediaries and dispersing apps, services, and digital assets on decentralized networks like Ethereum and other blockchains. Today, those networks are primarily used for trading and lending crypto assets, including new varieties like nonfungible tokens, or NFTs, and stablecoins, which are designed to maintain a fixed value.</p><p>But all sorts of other financial products and services could live on blockchains, potentially reducing the economic friction now associated with cross-border payments and transaction fees for goods and services. &#34;Blockchains have the potential to clear and settle transactions in a much more efficient way than traditional technology,&#34; says Sarah Hammer, an adjunct professor at the University of Pennsylvania Law School who specializes in crypto.</p><p>One example of Web3 already in practice is Filecoin, a crypto-powered storage network. Rather than storing files on cloud-based servers -- where they are ultimately controlled by a handful of big-tech operators -- they can be distributed and encrypted on personal hard drives with spare capacity. Testimonies of Holocaust and other genocide survivors are being preserved through Filecoin.</p><p>&#34;It&#39;s like Airbnb for file storage,&#34; says Marta Belcher, president and chair of the Filecoin Foundation. &#34;If you have extra space on your hard drive, you can rent it out. We think of it as the foundation for the next generation of the internet.&#34;</p><p>Filecoin may just scratch the surface of decentralized technologies. Projects like Helium aim to challenge telecom networks by distributing long-range Wi-Fi hot spots to individuals, giving financial incentives and payments for data traffic in tokens. NFTs allow for property rights, licensing agreements, and royalties to be traced and tracked. That opens up avenues for NFTs to become conduits for things like mortgages, car ownership titles, diplomas, and concert tickets. &#34;There&#39;s an infinite number of things you can do with a computer, and that&#39;s equivalent to what you can do with an NFT,&#34; says Gui Karyo, chief information officer of Dapper Labs, a leading NFT company.</p><p>Ideally, Web3 advocates say, the technology will lay the foundations for a more egalitarian web where the &#34;rents&#34; now charged by intermediaries will be more widely distributed. &#34;We should be moving to an internet where your digital property rights are genuine -- you&#39;re not a serf on Jack Dorsey&#39;s or Mark Zuckerberg&#39;s plantation; you own your homestead,&#34; says Nic Carter, a venture-capital investor in Web3 start-ups at Castle Island Ventures.</p><p>Silicon Valley&#39;s biggest and most successful venture-capital firms are investing heavily. &#34;Programmable blockchains are sufficiently advanced, and a diverse range of apps have reached tens of millions of users,&#34; a16z&#39;s Dixon said in a post this past week. Tokens also give users &#34;property rights: the ability to own a piece of the internet,&#34; he said in an previous post on Web3.</p><p>Web3 overlaps with the metaverse, another of tech&#39;s hottest topics before the recent selloff. The metaverse foresees a new internet based on virtual realities, online avatars, and new ways for people to socialize and work.</p><p>Facebook rebranded itself as Meta Platforms, betting that its Instagram, Facebook, and WhatsApp could become Web2 relics without help from blockchains, cryptos, and NFTs, which could grant consumers more control of their digital lives. Meta is now working on incorporating NFTs into Instagram. The currencies of digital worlds, whether for gaming, social, or e-commerce, are likely to be stablecoins -- digital tokens aimed at holding a peg to a dollar.</p><p>Yet Facebook&#39;s move is a reminder that the Web2 giants aren&#39;t sitting still. In the end, Web3 is unlikely to displace them. Indeed, there&#39;s good reason to think Web3 won&#39;t be all that decentralized. For one, it&#39;s being funded by many of the same entities that built Web2.</p><p>A16z, formally called Andreessen Horowitz, was an early investor in many Web2 stalwarts, including Facebook, Box, Lyft, and Pinterest.</p><p>Now, the firm owns stakes in dozens of crypto start-ups, including OpenSea and Dapper Labs, along with decentralized-finance, or DeFi, platforms including Ava Labs, Uniswap Labs, dYdX, and Compound. These DeFi platforms consist of &#34;smart contracts&#34; that set the conditions of a trade, cutting out intermediaries like a brokerage or centralized exchange.</p><p>VC firms aren&#39;t making investments based on sheer goodwill. They expect returns on capital and are likely to maintain stakes through token ownership or warrants. The platforms themselves may be decentralized, in the sense that anyone with some technical skills can write a &#34;permissionless&#34; smart contract and execute a trade without a broker/dealer. But that doesn&#39;t mean the platform isn&#39;t owned or governed by a corporate entity.</p><p>That rubs some tech gurus the wrong way. <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> co-founder Jack Dorsey stirred up an online frenzy last December when he tweeted, &#34;You don&#39;t own &#39;web3.&#39; The VCs and their LPs do,&#34; referring to venture-capital firms and their investors known as limited partners. &#34;It&#39;s ultimately a centralized entity with a different label.&#34;</p><p>Representatives for Dorsey and a16z declined to comment.</p><p>Crypto is proving enticing to VC firms partly because of the attractive &#34;tokenomics.&#34; For a traditional VC deal, the path from initial funding to exit usually takes five to seven years. In crypto, that timeline can be compressed to just two years, with VCs exiting their investment when a token goes live on an exchange or takes off on a DeFi platform.</p><p>&#34;You have a very short time to liquidity -- often it&#39;s like 24 months -- so even if the business doesn&#39;t pan out, you can still exit,&#34; says Carter. &#34;That&#39;s why crypto is so popular with VCs; even your losers can get liquidity, and you can exit before a product comes out.&#34;</p><p>The nebulous nature of Web3 is also alluring for early backers. &#34;There&#39;s no definition, and that&#39;s deliberate,&#34; says Carter, who backs crypto start-ups. &#34;If something is poorly defined, as an entrepreneur you can claim you&#39;re building it even if you&#39;re not. The lack of codification works to the benefit of people in the industry.&#34;</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Web3 Was Supposed to Save the Internet. It Has a Long Way to Go</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWeb3 Was Supposed to Save the Internet. It Has a Long Way to Go\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-05-30 20:06</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Early this year when anything still seemed possible for technology companies, futurists and venture capitalists were enthralled with the idea of building a new internet. Web3, as it became known, was poised to recapture the 1990s promise of a decentralized internet, free from gatekeepers and trillion-dollar platforms.</p><p>Cryptocurrencies had the starring role in the Web3 dream. Crypto, in theory, could wrest control from giants like <a href=\"https://laohu8.com/S/FB\">Meta Platforms</a> (ticker: FB), Alphabet <a href=\"https://laohu8.com/S/GOOGL\">$(GOOGL)$</a>, Amazon.com <a href=\"https://laohu8.com/S/AMZN\">$(AMZN)$</a>, and Apple <a href=\"https://laohu8.com/S/AAPL\">$(AAPL)$</a>. It would shift our online activities to blockchains -- handling everything from payments and trading to videogaming, social media, even real estate. It could also shift the economics to users, giving them financial incentives to govern and secure the networks.</p><p>A record $25 billion was plowed into crypto start-ups last year, with another $30 billion on track for this year, according to Bank of America. Even the recent downturn in crypto doesn&#39;t seem to have chilled new investment. This past week, venture-capital firm a16z announced a new crypto fund totaling $4.5 billion.</p><p>&#34;We think we are now entering the golden era of web3,&#34; a16z partner Chris Dixon wrote in announcing the investment.</p><p>And yet Web3 remains a heavy lift -- it&#39;s full of contradictions, glitchy technology, regulatory uncertainty, and competing economic interests. There&#39;s debate over who will &#34;own&#34; it -- companies backed by Silicon Valley venture capital, or the users themselves. And the crypto markets&#39; downturn -- wiping out more than $1 trillion in value for tokens this year -- makes a blockchain-based web even harder to fathom.</p><p>In the near term, Web3 may be a casualty of a tech backlash that has sent the Nasdaq Composite index down more than 25% this year. Crypto-related stocks have tanked, including Coinbase Global <a href=\"https://laohu8.com/S/COIN\">$(COIN)$</a> and Microstrategy <a href=\"https://laohu8.com/S/MSTR\">$(MSTR)$</a>, and payment apps <a href=\"https://laohu8.com/S/SQ\">Block</a> (SQ) and <a href=\"https://laohu8.com/S/PYPL\">PayPal</a> Holdings (PYPL). Among crypto start-ups, investment is harder to come by, and valuations are falling. <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a> forecasts that failure rates will rise.</p><p>Crypto fans talking up Web3 as a revolution face pushback from critics who see it as a marketing gimmick. In the end, Web3 is likely to fall somewhere in between.</p><p>&#34;We may have to go through <a href=\"https://laohu8.com/S/AONE.U\">one</a> or two hype cycles before the most important elements of the technology break through,&#34; says Gavin Wood, a co-founder of the Ethereum blockchain and head of another blockchain enterprise called Polkadot. As he sees it, Web3 today is where the internet was in 1998 -- early in its adoption but with vast potential and boom-bust cycles ahead.</p><p>&#34;Web3 is the next generation of the internet with capabilities that go well beyond what we have today,&#34; says Mark Palmer, a digital-asset analyst at brokerage BTIG. &#34;But the citizenry is not rising up to overthrow Web2.&#34;</p><p>Understanding Web3 requires a dip in the hot-tub time machine. Web1, the first generation from the 1990s, was based on static pages and directories that served as the first internet indexes. Web1&#39;s dial-up services, browsers, and banner ads evolved into the more modern internet, which came to be known as Web2. Companies like Amazon, Meta, Alphabet, Apple, and Microsoft <a href=\"https://laohu8.com/S/MSFT\">$(MSFT)$</a> now oversee the core of our web experiences. Walled gardens like Instagram, YouTube, and Apple&#39;s App Store prevail. Digital assets like videogame avatars and social-media followings sit on platforms owned by the giants.</p><p>In some ways, Web3 aims to turn back the clock, cutting out the intermediaries and dispersing apps, services, and digital assets on decentralized networks like Ethereum and other blockchains. Today, those networks are primarily used for trading and lending crypto assets, including new varieties like nonfungible tokens, or NFTs, and stablecoins, which are designed to maintain a fixed value.</p><p>But all sorts of other financial products and services could live on blockchains, potentially reducing the economic friction now associated with cross-border payments and transaction fees for goods and services. &#34;Blockchains have the potential to clear and settle transactions in a much more efficient way than traditional technology,&#34; says Sarah Hammer, an adjunct professor at the University of Pennsylvania Law School who specializes in crypto.</p><p>One example of Web3 already in practice is Filecoin, a crypto-powered storage network. Rather than storing files on cloud-based servers -- where they are ultimately controlled by a handful of big-tech operators -- they can be distributed and encrypted on personal hard drives with spare capacity. Testimonies of Holocaust and other genocide survivors are being preserved through Filecoin.</p><p>&#34;It&#39;s like Airbnb for file storage,&#34; says Marta Belcher, president and chair of the Filecoin Foundation. &#34;If you have extra space on your hard drive, you can rent it out. We think of it as the foundation for the next generation of the internet.&#34;</p><p>Filecoin may just scratch the surface of decentralized technologies. Projects like Helium aim to challenge telecom networks by distributing long-range Wi-Fi hot spots to individuals, giving financial incentives and payments for data traffic in tokens. NFTs allow for property rights, licensing agreements, and royalties to be traced and tracked. That opens up avenues for NFTs to become conduits for things like mortgages, car ownership titles, diplomas, and concert tickets. &#34;There&#39;s an infinite number of things you can do with a computer, and that&#39;s equivalent to what you can do with an NFT,&#34; says Gui Karyo, chief information officer of Dapper Labs, a leading NFT company.</p><p>Ideally, Web3 advocates say, the technology will lay the foundations for a more egalitarian web where the &#34;rents&#34; now charged by intermediaries will be more widely distributed. &#34;We should be moving to an internet where your digital property rights are genuine -- you&#39;re not a serf on Jack Dorsey&#39;s or Mark Zuckerberg&#39;s plantation; you own your homestead,&#34; says Nic Carter, a venture-capital investor in Web3 start-ups at Castle Island Ventures.</p><p>Silicon Valley&#39;s biggest and most successful venture-capital firms are investing heavily. &#34;Programmable blockchains are sufficiently advanced, and a diverse range of apps have reached tens of millions of users,&#34; a16z&#39;s Dixon said in a post this past week. Tokens also give users &#34;property rights: the ability to own a piece of the internet,&#34; he said in an previous post on Web3.</p><p>Web3 overlaps with the metaverse, another of tech&#39;s hottest topics before the recent selloff. The metaverse foresees a new internet based on virtual realities, online avatars, and new ways for people to socialize and work.</p><p>Facebook rebranded itself as Meta Platforms, betting that its Instagram, Facebook, and WhatsApp could become Web2 relics without help from blockchains, cryptos, and NFTs, which could grant consumers more control of their digital lives. Meta is now working on incorporating NFTs into Instagram. The currencies of digital worlds, whether for gaming, social, or e-commerce, are likely to be stablecoins -- digital tokens aimed at holding a peg to a dollar.</p><p>Yet Facebook&#39;s move is a reminder that the Web2 giants aren&#39;t sitting still. In the end, Web3 is unlikely to displace them. Indeed, there&#39;s good reason to think Web3 won&#39;t be all that decentralized. For one, it&#39;s being funded by many of the same entities that built Web2.</p><p>A16z, formally called Andreessen Horowitz, was an early investor in many Web2 stalwarts, including Facebook, Box, Lyft, and Pinterest.</p><p>Now, the firm owns stakes in dozens of crypto start-ups, including OpenSea and Dapper Labs, along with decentralized-finance, or DeFi, platforms including Ava Labs, Uniswap Labs, dYdX, and Compound. These DeFi platforms consist of &#34;smart contracts&#34; that set the conditions of a trade, cutting out intermediaries like a brokerage or centralized exchange.</p><p>VC firms aren&#39;t making investments based on sheer goodwill. They expect returns on capital and are likely to maintain stakes through token ownership or warrants. The platforms themselves may be decentralized, in the sense that anyone with some technical skills can write a &#34;permissionless&#34; smart contract and execute a trade without a broker/dealer. But that doesn&#39;t mean the platform isn&#39;t owned or governed by a corporate entity.</p><p>That rubs some tech gurus the wrong way. <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> co-founder Jack Dorsey stirred up an online frenzy last December when he tweeted, &#34;You don&#39;t own &#39;web3.&#39; The VCs and their LPs do,&#34; referring to venture-capital firms and their investors known as limited partners. &#34;It&#39;s ultimately a centralized entity with a different label.&#34;</p><p>Representatives for Dorsey and a16z declined to comment.</p><p>Crypto is proving enticing to VC firms partly because of the attractive &#34;tokenomics.&#34; For a traditional VC deal, the path from initial funding to exit usually takes five to seven years. In crypto, that timeline can be compressed to just two years, with VCs exiting their investment when a token goes live on an exchange or takes off on a DeFi platform.</p><p>&#34;You have a very short time to liquidity -- often it&#39;s like 24 months -- so even if the business doesn&#39;t pan out, you can still exit,&#34; says Carter. &#34;That&#39;s why crypto is so popular with VCs; even your losers can get liquidity, and you can exit before a product comes out.&#34;</p><p>The nebulous nature of Web3 is also alluring for early backers. &#34;There&#39;s no definition, and that&#39;s deliberate,&#34; says Carter, who backs crypto start-ups. &#34;If something is poorly defined, as an entrepreneur you can claim you&#39;re building it even if you&#39;re not. The lack of codification works to the benefit of people in the industry.&#34;</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSTR":"MicroStrategy","BK4571":"数字音乐概念","COIN":"Coinbase Global, Inc.","BK4534":"瑞士信贷持仓","BK4567":"ESG概念","BK4507":"流媒体概念","GOOGL":"谷歌A","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4576":"AR","BK4525":"远程办公概念","BK4566":"资本集团","BK4575":"芯片概念","GOOG":"谷歌","BK4535":"淡马锡持仓","BK4524":"宅经济概念","BK4508":"社交媒体","BK4538":"云计算","BK4527":"明星科技股","BK4559":"巴菲特持仓","BK4501":"段永平概念","BK4077":"互动媒体与服务","BK4579":"人工智能","BK4550":"红杉资本持仓","BK4122":"互联网与直销零售","BK4503":"景林资产持仓","BK4551":"寇图资本持仓","BK4574":"无人驾驶","META":"Meta Platforms, Inc.","BK4573":"虚拟现实","BK4097":"系统软件","BK4561":"索罗斯持仓","BK4505":"高瓴资本持仓","BK4581":"高盛持仓","BK4504":"桥水持仓","BK4512":"苹果概念","BK4112":"金融交易所和数据","BK4548":"巴美列捷福持仓","BK4514":"搜索引擎","SQ":"Block","MSFT":"微软","BK4539":"次新股","BK4528":"SaaS概念","BK4516":"特朗普概念","BK4106":"数据处理与外包服务","PYPL":"PayPal","BK4532":"文艺复兴科技持仓","BK4554":"元宇宙及AR概念","BK4515":"5G概念","BK4553":"喜马拉雅资本持仓"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2238520329","content_text":"Early this year when anything still seemed possible for technology companies, futurists and venture capitalists were enthralled with the idea of building a new internet. Web3, as it became known, was poised to recapture the 1990s promise of a decentralized internet, free from gatekeepers and trillion-dollar platforms.Cryptocurrencies had the starring role in the Web3 dream. Crypto, in theory, could wrest control from giants like Meta Platforms (ticker: FB), Alphabet $(GOOGL)$, Amazon.com $(AMZN)$, and Apple $(AAPL)$. It would shift our online activities to blockchains -- handling everything from payments and trading to videogaming, social media, even real estate. It could also shift the economics to users, giving them financial incentives to govern and secure the networks.A record $25 billion was plowed into crypto start-ups last year, with another $30 billion on track for this year, according to Bank of America. Even the recent downturn in crypto doesn't seem to have chilled new investment. This past week, venture-capital firm a16z announced a new crypto fund totaling $4.5 billion.\"We think we are now entering the golden era of web3,\" a16z partner Chris Dixon wrote in announcing the investment.And yet Web3 remains a heavy lift -- it's full of contradictions, glitchy technology, regulatory uncertainty, and competing economic interests. There's debate over who will \"own\" it -- companies backed by Silicon Valley venture capital, or the users themselves. And the crypto markets' downturn -- wiping out more than $1 trillion in value for tokens this year -- makes a blockchain-based web even harder to fathom.In the near term, Web3 may be a casualty of a tech backlash that has sent the Nasdaq Composite index down more than 25% this year. Crypto-related stocks have tanked, including Coinbase Global $(COIN)$ and Microstrategy $(MSTR)$, and payment apps Block (SQ) and PayPal Holdings (PYPL). Among crypto start-ups, investment is harder to come by, and valuations are falling. Morgan Stanley forecasts that failure rates will rise.Crypto fans talking up Web3 as a revolution face pushback from critics who see it as a marketing gimmick. In the end, Web3 is likely to fall somewhere in between.\"We may have to go through one or two hype cycles before the most important elements of the technology break through,\" says Gavin Wood, a co-founder of the Ethereum blockchain and head of another blockchain enterprise called Polkadot. As he sees it, Web3 today is where the internet was in 1998 -- early in its adoption but with vast potential and boom-bust cycles ahead.\"Web3 is the next generation of the internet with capabilities that go well beyond what we have today,\" says Mark Palmer, a digital-asset analyst at brokerage BTIG. \"But the citizenry is not rising up to overthrow Web2.\"Understanding Web3 requires a dip in the hot-tub time machine. Web1, the first generation from the 1990s, was based on static pages and directories that served as the first internet indexes. Web1's dial-up services, browsers, and banner ads evolved into the more modern internet, which came to be known as Web2. Companies like Amazon, Meta, Alphabet, Apple, and Microsoft $(MSFT)$ now oversee the core of our web experiences. Walled gardens like Instagram, YouTube, and Apple's App Store prevail. Digital assets like videogame avatars and social-media followings sit on platforms owned by the giants.In some ways, Web3 aims to turn back the clock, cutting out the intermediaries and dispersing apps, services, and digital assets on decentralized networks like Ethereum and other blockchains. Today, those networks are primarily used for trading and lending crypto assets, including new varieties like nonfungible tokens, or NFTs, and stablecoins, which are designed to maintain a fixed value.But all sorts of other financial products and services could live on blockchains, potentially reducing the economic friction now associated with cross-border payments and transaction fees for goods and services. \"Blockchains have the potential to clear and settle transactions in a much more efficient way than traditional technology,\" says Sarah Hammer, an adjunct professor at the University of Pennsylvania Law School who specializes in crypto.One example of Web3 already in practice is Filecoin, a crypto-powered storage network. Rather than storing files on cloud-based servers -- where they are ultimately controlled by a handful of big-tech operators -- they can be distributed and encrypted on personal hard drives with spare capacity. Testimonies of Holocaust and other genocide survivors are being preserved through Filecoin.\"It's like Airbnb for file storage,\" says Marta Belcher, president and chair of the Filecoin Foundation. \"If you have extra space on your hard drive, you can rent it out. We think of it as the foundation for the next generation of the internet.\"Filecoin may just scratch the surface of decentralized technologies. Projects like Helium aim to challenge telecom networks by distributing long-range Wi-Fi hot spots to individuals, giving financial incentives and payments for data traffic in tokens. NFTs allow for property rights, licensing agreements, and royalties to be traced and tracked. That opens up avenues for NFTs to become conduits for things like mortgages, car ownership titles, diplomas, and concert tickets. \"There's an infinite number of things you can do with a computer, and that's equivalent to what you can do with an NFT,\" says Gui Karyo, chief information officer of Dapper Labs, a leading NFT company.Ideally, Web3 advocates say, the technology will lay the foundations for a more egalitarian web where the \"rents\" now charged by intermediaries will be more widely distributed. \"We should be moving to an internet where your digital property rights are genuine -- you're not a serf on Jack Dorsey's or Mark Zuckerberg's plantation; you own your homestead,\" says Nic Carter, a venture-capital investor in Web3 start-ups at Castle Island Ventures.Silicon Valley's biggest and most successful venture-capital firms are investing heavily. \"Programmable blockchains are sufficiently advanced, and a diverse range of apps have reached tens of millions of users,\" a16z's Dixon said in a post this past week. Tokens also give users \"property rights: the ability to own a piece of the internet,\" he said in an previous post on Web3.Web3 overlaps with the metaverse, another of tech's hottest topics before the recent selloff. The metaverse foresees a new internet based on virtual realities, online avatars, and new ways for people to socialize and work.Facebook rebranded itself as Meta Platforms, betting that its Instagram, Facebook, and WhatsApp could become Web2 relics without help from blockchains, cryptos, and NFTs, which could grant consumers more control of their digital lives. Meta is now working on incorporating NFTs into Instagram. The currencies of digital worlds, whether for gaming, social, or e-commerce, are likely to be stablecoins -- digital tokens aimed at holding a peg to a dollar.Yet Facebook's move is a reminder that the Web2 giants aren't sitting still. In the end, Web3 is unlikely to displace them. Indeed, there's good reason to think Web3 won't be all that decentralized. For one, it's being funded by many of the same entities that built Web2.A16z, formally called Andreessen Horowitz, was an early investor in many Web2 stalwarts, including Facebook, Box, Lyft, and Pinterest.Now, the firm owns stakes in dozens of crypto start-ups, including OpenSea and Dapper Labs, along with decentralized-finance, or DeFi, platforms including Ava Labs, Uniswap Labs, dYdX, and Compound. These DeFi platforms consist of \"smart contracts\" that set the conditions of a trade, cutting out intermediaries like a brokerage or centralized exchange.VC firms aren't making investments based on sheer goodwill. They expect returns on capital and are likely to maintain stakes through token ownership or warrants. The platforms themselves may be decentralized, in the sense that anyone with some technical skills can write a \"permissionless\" smart contract and execute a trade without a broker/dealer. But that doesn't mean the platform isn't owned or governed by a corporate entity.That rubs some tech gurus the wrong way. Twitter co-founder Jack Dorsey stirred up an online frenzy last December when he tweeted, \"You don't own 'web3.' The VCs and their LPs do,\" referring to venture-capital firms and their investors known as limited partners. \"It's ultimately a centralized entity with a different label.\"Representatives for Dorsey and a16z declined to comment.Crypto is proving enticing to VC firms partly because of the attractive \"tokenomics.\" For a traditional VC deal, the path from initial funding to exit usually takes five to seven years. In crypto, that timeline can be compressed to just two years, with VCs exiting their investment when a token goes live on an exchange or takes off on a DeFi platform.\"You have a very short time to liquidity -- often it's like 24 months -- so even if the business doesn't pan out, you can still exit,\" says Carter. \"That's why crypto is so popular with VCs; even your losers can get liquidity, and you can exit before a product comes out.\"The nebulous nature of Web3 is also alluring for early backers. \"There's no definition, and that's deliberate,\" says Carter, who backs crypto start-ups. \"If something is poorly defined, as an entrepreneur you can claim you're building it even if you're not. The lack of codification works to the benefit of people in the industry.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":296,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9036129630,"gmtCreate":1647014910724,"gmtModify":1676534188034,"author":{"id":"4103602949877450","authorId":"4103602949877450","name":"bptan1973","avatar":"https://static.tigerbbs.com/3bc9afb30415a151838a752cc38621fc","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4103602949877450","authorIdStr":"4103602949877450"},"themes":[],"htmlText":"Thanks for sharing","listText":"Thanks for sharing","text":"Thanks for sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9036129630","repostId":"1128425682","repostType":4,"repost":{"id":"1128425682","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1647009391,"share":"https://ttm.financial/m/news/1128425682?lang=&edition=fundamental","pubTime":"2022-03-11 22:36","market":"us","language":"en","title":"DiDi Shares Tumbled 20% in Morning Trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1128425682","media":"Tiger Newspress","summary":"DiDi shares tumbled 20% in morning trading. Didi is said to halt Hong Kong listing plans.","content":"<html><head></head><body><p>DiDi shares tumbled 20% in morning trading. Didi is said to halt Hong Kong listing plans.<img src=\"https://static.tigerbbs.com/501487bb389bfb1318d73690f0b3553f\" tg-width=\"790\" tg-height=\"681\" width=\"100%\" height=\"auto\"/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>DiDi Shares Tumbled 20% in Morning Trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDiDi Shares Tumbled 20% in Morning Trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-03-11 22:36</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>DiDi shares tumbled 20% in morning trading. Didi is said to halt Hong Kong listing plans.<img src=\"https://static.tigerbbs.com/501487bb389bfb1318d73690f0b3553f\" tg-width=\"790\" tg-height=\"681\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DIDI":"滴滴(已退市)"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128425682","content_text":"DiDi shares tumbled 20% in morning trading. Didi is said to halt Hong Kong listing plans.","news_type":1},"isVote":1,"tweetType":1,"viewCount":597,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9098162820,"gmtCreate":1644048360448,"gmtModify":1676533886349,"author":{"id":"4103602949877450","authorId":"4103602949877450","name":"bptan1973","avatar":"https://static.tigerbbs.com/3bc9afb30415a151838a752cc38621fc","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4103602949877450","authorIdStr":"4103602949877450"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9098162820","repostId":"1130580421","repostType":4,"repost":{"id":"1130580421","pubTimestamp":1644040812,"share":"https://ttm.financial/m/news/1130580421?lang=&edition=fundamental","pubTime":"2022-02-05 14:00","market":"us","language":"en","title":"2022 Could be a Success or a Lost Opportunity for Novavax","url":"https://stock-news.laohu8.com/highlight/detail?id=1130580421","media":"InvestorPlace","summary":"Novavax can either generate a boost of sales or lose an opportunity in the industry of vaccines against coronavirus","content":"<html><head></head><body><p><b>Novavax, Inc</b>. (NASDAQ:<b><u>NVAX</u></b><u>)</u> has had a tough year with losses of approximately 68%. It has already declined about 37% year-to-date, as well. However, as of Feb. 3, 2022, the stock has a 5-day return of nearly 25%. This increased volatility in the stock price is primarily news-driven.</p><p>Novavax is trying to become active in the global industry of vaccines against the coronavirus to put an end to the pandemic so all of us can return to normal conditions at which social distancing will be a distant memory, along with wearing face masks.</p><p><b>Novavax Business News</b></p><p>The latest business news is that Novavax got conditional authorization in the U.K for its protein-based Covid-19 vaccine called Nuvaxovid. It is reported that “the U.K. has already ordered up to 60 million doses of Novavax’s vaccine.”</p><p>The company announced that it filed for authorization in the U.S. market in late Jan. 2022. Novavax has been granted provisional registration for its vaccine in Australia. Additionally, in South Korea, the Ministry of Food and Drug Safety has approved the firm’s vaccine. At the same time the “European Commission (EC) has granted Novavax conditional marketing authorization (CMA) for Nuvaxovid™ COVID-19 Vaccine (recombinant, adjuvanted) for active immunization to prevent COVID-19 caused by SARS-CoV-2 in individuals 18 years of age and older.”</p><p>Novavax also submitted for emergency use authorization of its vaccine in South Africa.</p><p>A lot of this news is a catalyst for NVAX stock. The greatest impact on the stock probably would be U.S. market approval for Nuvaxovid. Investors waiting for further positive news are already building a bull case for Novavax.</p><p><b>Bullish Scenario for NVAX Stock</b></p><p>Novavax’s vaccine is the fifth vaccine approved by the E.U. Protein vaccines like Nuvaxovid can do a lot for the global vaccination campaign. This is because they work differently from the vaccines currently available in the E.U., which are based on either mRNA technology, such as Pfizer and Moderna, or viral vector technology, such as AstraZeneca and Johnson &amp; Johnson.</p><p>If unvaccinated people are not biased against vaccination to protect from Covid-19, they could soon be vaccinated with protein vaccines such as Nuvaxovid. Such protein vaccines have been used for decades to protect against polio, tetanus, hepatitis B, and the flu. They also offer very good protection against coronavirus and cause even fewer side effects than vaccines that are already approved.</p><p>Also, these vaccines are important. Richer countries are so preoccupied with booster vaccinations and closing vaccination gaps that they may forget that in poor countries very few people have been vaccinated.</p><p>Protein-based vaccines could also make a significant contribution to the market. They are relatively inexpensive to produce and can be transported and stored at 2° to 8° C much more easily than mRNA vaccines, which need to be frozen.</p><p>Novavax will first supply its vaccine in poorer countries like Africa. The Novavax vaccine is a combination vaccine that is said to protect against the coronavirus and the flu at the same time. According to Novavax, initially,100 million doses of the vaccine could be produced per month. They later expect to be able to produce 150 million doses of the vaccine per month.</p><p>Europe being supplied with Nuvaxovid is certainly big news for Novavax. The U.S. Food and Drug Administration (FDA) may become biased and send the green light for the biotechnology company to boost its sales, especially if its price is cheaper than other vaccines.</p><p><b>Bearish Case for NVAX Stock</b></p><p>Third quarter (Q3) 2021 financial results showed a year-over-year increase of 14% for revenue to $179 million and a 38% increase of total expenses to $486 million. Loss from operations widened to $307 million compared to a loss of $194 million in Q3 2020. Net loss also widened to $322 million compared to a net loss of $197 million in Q3 2020.</p><p>The firm has poor financial strength as the debt-to-equity (D/E) ratio of 0.70 is considered high for a money-losing business that has been burning cash over the past five consecutive years.</p><p>Another negative sign for NVAX stock is that shareholders have been substantially diluted in the past year, with total shares outstanding growing by 137.4%.</p><p><b>Novavax: At an Inflection Point Now</b></p><p>The company has positive news that sparks enthusiasm. The broader fundamental analysis, however, is not supportive of the company. Widening losses and burning cash must be addressed fast and radically for a stock price rebound to occur and last.</p><p>I remain bearish on NVAX stock, waiting for sales updates as the key catalyst.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>2022 Could be a Success or a Lost Opportunity for Novavax</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n2022 Could be a Success or a Lost Opportunity for Novavax\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-05 14:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/02/2022-could-be-a-success-or-a-lost-opportunity-for-novavax/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Novavax, Inc. (NASDAQ:NVAX) has had a tough year with losses of approximately 68%. It has already declined about 37% year-to-date, as well. However, as of Feb. 3, 2022, the stock has a 5-day return of...</p>\n\n<a href=\"https://investorplace.com/2022/02/2022-could-be-a-success-or-a-lost-opportunity-for-novavax/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVAX":"诺瓦瓦克斯医药"},"source_url":"https://investorplace.com/2022/02/2022-could-be-a-success-or-a-lost-opportunity-for-novavax/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1130580421","content_text":"Novavax, Inc. (NASDAQ:NVAX) has had a tough year with losses of approximately 68%. It has already declined about 37% year-to-date, as well. However, as of Feb. 3, 2022, the stock has a 5-day return of nearly 25%. This increased volatility in the stock price is primarily news-driven.Novavax is trying to become active in the global industry of vaccines against the coronavirus to put an end to the pandemic so all of us can return to normal conditions at which social distancing will be a distant memory, along with wearing face masks.Novavax Business NewsThe latest business news is that Novavax got conditional authorization in the U.K for its protein-based Covid-19 vaccine called Nuvaxovid. It is reported that “the U.K. has already ordered up to 60 million doses of Novavax’s vaccine.”The company announced that it filed for authorization in the U.S. market in late Jan. 2022. Novavax has been granted provisional registration for its vaccine in Australia. Additionally, in South Korea, the Ministry of Food and Drug Safety has approved the firm’s vaccine. At the same time the “European Commission (EC) has granted Novavax conditional marketing authorization (CMA) for Nuvaxovid™ COVID-19 Vaccine (recombinant, adjuvanted) for active immunization to prevent COVID-19 caused by SARS-CoV-2 in individuals 18 years of age and older.”Novavax also submitted for emergency use authorization of its vaccine in South Africa.A lot of this news is a catalyst for NVAX stock. The greatest impact on the stock probably would be U.S. market approval for Nuvaxovid. Investors waiting for further positive news are already building a bull case for Novavax.Bullish Scenario for NVAX StockNovavax’s vaccine is the fifth vaccine approved by the E.U. Protein vaccines like Nuvaxovid can do a lot for the global vaccination campaign. This is because they work differently from the vaccines currently available in the E.U., which are based on either mRNA technology, such as Pfizer and Moderna, or viral vector technology, such as AstraZeneca and Johnson & Johnson.If unvaccinated people are not biased against vaccination to protect from Covid-19, they could soon be vaccinated with protein vaccines such as Nuvaxovid. Such protein vaccines have been used for decades to protect against polio, tetanus, hepatitis B, and the flu. They also offer very good protection against coronavirus and cause even fewer side effects than vaccines that are already approved.Also, these vaccines are important. Richer countries are so preoccupied with booster vaccinations and closing vaccination gaps that they may forget that in poor countries very few people have been vaccinated.Protein-based vaccines could also make a significant contribution to the market. They are relatively inexpensive to produce and can be transported and stored at 2° to 8° C much more easily than mRNA vaccines, which need to be frozen.Novavax will first supply its vaccine in poorer countries like Africa. The Novavax vaccine is a combination vaccine that is said to protect against the coronavirus and the flu at the same time. According to Novavax, initially,100 million doses of the vaccine could be produced per month. They later expect to be able to produce 150 million doses of the vaccine per month.Europe being supplied with Nuvaxovid is certainly big news for Novavax. The U.S. Food and Drug Administration (FDA) may become biased and send the green light for the biotechnology company to boost its sales, especially if its price is cheaper than other vaccines.Bearish Case for NVAX StockThird quarter (Q3) 2021 financial results showed a year-over-year increase of 14% for revenue to $179 million and a 38% increase of total expenses to $486 million. Loss from operations widened to $307 million compared to a loss of $194 million in Q3 2020. Net loss also widened to $322 million compared to a net loss of $197 million in Q3 2020.The firm has poor financial strength as the debt-to-equity (D/E) ratio of 0.70 is considered high for a money-losing business that has been burning cash over the past five consecutive years.Another negative sign for NVAX stock is that shareholders have been substantially diluted in the past year, with total shares outstanding growing by 137.4%.Novavax: At an Inflection Point NowThe company has positive news that sparks enthusiasm. The broader fundamental analysis, however, is not supportive of the company. Widening losses and burning cash must be addressed fast and radically for a stock price rebound to occur and last.I remain bearish on NVAX stock, waiting for sales updates as the key catalyst.","news_type":1},"isVote":1,"tweetType":1,"viewCount":839,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3559581955535845","authorId":"3559581955535845","name":"koolgal","avatar":"https://static.tigerbbs.com/c05274d88ffc0434623e57350c52c70a","crmLevel":6,"crmLevelSwitch":1,"idStr":"3559581955535845","authorIdStr":"3559581955535845"},"content":"If you are new to Tiger community, a Warm Welcome to you. May you be successful in your investing journey. 👍😍","text":"If you are new to Tiger community, a Warm Welcome to you. May you be successful in your investing journey. 👍😍","html":"If you are new to Tiger community, a Warm Welcome to you. May you be successful in your investing journey. 👍😍"}],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9098162820,"gmtCreate":1644048360448,"gmtModify":1676533886349,"author":{"id":"4103602949877450","authorId":"4103602949877450","name":"bptan1973","avatar":"https://static.tigerbbs.com/3bc9afb30415a151838a752cc38621fc","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4103602949877450","authorIdStr":"4103602949877450"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9098162820","repostId":"1130580421","repostType":4,"repost":{"id":"1130580421","pubTimestamp":1644040812,"share":"https://ttm.financial/m/news/1130580421?lang=&edition=fundamental","pubTime":"2022-02-05 14:00","market":"us","language":"en","title":"2022 Could be a Success or a Lost Opportunity for Novavax","url":"https://stock-news.laohu8.com/highlight/detail?id=1130580421","media":"InvestorPlace","summary":"Novavax can either generate a boost of sales or lose an opportunity in the industry of vaccines against coronavirus","content":"<html><head></head><body><p><b>Novavax, Inc</b>. (NASDAQ:<b><u>NVAX</u></b><u>)</u> has had a tough year with losses of approximately 68%. It has already declined about 37% year-to-date, as well. However, as of Feb. 3, 2022, the stock has a 5-day return of nearly 25%. This increased volatility in the stock price is primarily news-driven.</p><p>Novavax is trying to become active in the global industry of vaccines against the coronavirus to put an end to the pandemic so all of us can return to normal conditions at which social distancing will be a distant memory, along with wearing face masks.</p><p><b>Novavax Business News</b></p><p>The latest business news is that Novavax got conditional authorization in the U.K for its protein-based Covid-19 vaccine called Nuvaxovid. It is reported that “the U.K. has already ordered up to 60 million doses of Novavax’s vaccine.”</p><p>The company announced that it filed for authorization in the U.S. market in late Jan. 2022. Novavax has been granted provisional registration for its vaccine in Australia. Additionally, in South Korea, the Ministry of Food and Drug Safety has approved the firm’s vaccine. At the same time the “European Commission (EC) has granted Novavax conditional marketing authorization (CMA) for Nuvaxovid™ COVID-19 Vaccine (recombinant, adjuvanted) for active immunization to prevent COVID-19 caused by SARS-CoV-2 in individuals 18 years of age and older.”</p><p>Novavax also submitted for emergency use authorization of its vaccine in South Africa.</p><p>A lot of this news is a catalyst for NVAX stock. The greatest impact on the stock probably would be U.S. market approval for Nuvaxovid. Investors waiting for further positive news are already building a bull case for Novavax.</p><p><b>Bullish Scenario for NVAX Stock</b></p><p>Novavax’s vaccine is the fifth vaccine approved by the E.U. Protein vaccines like Nuvaxovid can do a lot for the global vaccination campaign. This is because they work differently from the vaccines currently available in the E.U., which are based on either mRNA technology, such as Pfizer and Moderna, or viral vector technology, such as AstraZeneca and Johnson &amp; Johnson.</p><p>If unvaccinated people are not biased against vaccination to protect from Covid-19, they could soon be vaccinated with protein vaccines such as Nuvaxovid. Such protein vaccines have been used for decades to protect against polio, tetanus, hepatitis B, and the flu. They also offer very good protection against coronavirus and cause even fewer side effects than vaccines that are already approved.</p><p>Also, these vaccines are important. Richer countries are so preoccupied with booster vaccinations and closing vaccination gaps that they may forget that in poor countries very few people have been vaccinated.</p><p>Protein-based vaccines could also make a significant contribution to the market. They are relatively inexpensive to produce and can be transported and stored at 2° to 8° C much more easily than mRNA vaccines, which need to be frozen.</p><p>Novavax will first supply its vaccine in poorer countries like Africa. The Novavax vaccine is a combination vaccine that is said to protect against the coronavirus and the flu at the same time. According to Novavax, initially,100 million doses of the vaccine could be produced per month. They later expect to be able to produce 150 million doses of the vaccine per month.</p><p>Europe being supplied with Nuvaxovid is certainly big news for Novavax. The U.S. Food and Drug Administration (FDA) may become biased and send the green light for the biotechnology company to boost its sales, especially if its price is cheaper than other vaccines.</p><p><b>Bearish Case for NVAX Stock</b></p><p>Third quarter (Q3) 2021 financial results showed a year-over-year increase of 14% for revenue to $179 million and a 38% increase of total expenses to $486 million. Loss from operations widened to $307 million compared to a loss of $194 million in Q3 2020. Net loss also widened to $322 million compared to a net loss of $197 million in Q3 2020.</p><p>The firm has poor financial strength as the debt-to-equity (D/E) ratio of 0.70 is considered high for a money-losing business that has been burning cash over the past five consecutive years.</p><p>Another negative sign for NVAX stock is that shareholders have been substantially diluted in the past year, with total shares outstanding growing by 137.4%.</p><p><b>Novavax: At an Inflection Point Now</b></p><p>The company has positive news that sparks enthusiasm. The broader fundamental analysis, however, is not supportive of the company. Widening losses and burning cash must be addressed fast and radically for a stock price rebound to occur and last.</p><p>I remain bearish on NVAX stock, waiting for sales updates as the key catalyst.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>2022 Could be a Success or a Lost Opportunity for Novavax</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n2022 Could be a Success or a Lost Opportunity for Novavax\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-05 14:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/02/2022-could-be-a-success-or-a-lost-opportunity-for-novavax/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Novavax, Inc. (NASDAQ:NVAX) has had a tough year with losses of approximately 68%. It has already declined about 37% year-to-date, as well. However, as of Feb. 3, 2022, the stock has a 5-day return of...</p>\n\n<a href=\"https://investorplace.com/2022/02/2022-could-be-a-success-or-a-lost-opportunity-for-novavax/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVAX":"诺瓦瓦克斯医药"},"source_url":"https://investorplace.com/2022/02/2022-could-be-a-success-or-a-lost-opportunity-for-novavax/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1130580421","content_text":"Novavax, Inc. (NASDAQ:NVAX) has had a tough year with losses of approximately 68%. It has already declined about 37% year-to-date, as well. However, as of Feb. 3, 2022, the stock has a 5-day return of nearly 25%. This increased volatility in the stock price is primarily news-driven.Novavax is trying to become active in the global industry of vaccines against the coronavirus to put an end to the pandemic so all of us can return to normal conditions at which social distancing will be a distant memory, along with wearing face masks.Novavax Business NewsThe latest business news is that Novavax got conditional authorization in the U.K for its protein-based Covid-19 vaccine called Nuvaxovid. It is reported that “the U.K. has already ordered up to 60 million doses of Novavax’s vaccine.”The company announced that it filed for authorization in the U.S. market in late Jan. 2022. Novavax has been granted provisional registration for its vaccine in Australia. Additionally, in South Korea, the Ministry of Food and Drug Safety has approved the firm’s vaccine. At the same time the “European Commission (EC) has granted Novavax conditional marketing authorization (CMA) for Nuvaxovid™ COVID-19 Vaccine (recombinant, adjuvanted) for active immunization to prevent COVID-19 caused by SARS-CoV-2 in individuals 18 years of age and older.”Novavax also submitted for emergency use authorization of its vaccine in South Africa.A lot of this news is a catalyst for NVAX stock. The greatest impact on the stock probably would be U.S. market approval for Nuvaxovid. Investors waiting for further positive news are already building a bull case for Novavax.Bullish Scenario for NVAX StockNovavax’s vaccine is the fifth vaccine approved by the E.U. Protein vaccines like Nuvaxovid can do a lot for the global vaccination campaign. This is because they work differently from the vaccines currently available in the E.U., which are based on either mRNA technology, such as Pfizer and Moderna, or viral vector technology, such as AstraZeneca and Johnson & Johnson.If unvaccinated people are not biased against vaccination to protect from Covid-19, they could soon be vaccinated with protein vaccines such as Nuvaxovid. Such protein vaccines have been used for decades to protect against polio, tetanus, hepatitis B, and the flu. They also offer very good protection against coronavirus and cause even fewer side effects than vaccines that are already approved.Also, these vaccines are important. Richer countries are so preoccupied with booster vaccinations and closing vaccination gaps that they may forget that in poor countries very few people have been vaccinated.Protein-based vaccines could also make a significant contribution to the market. They are relatively inexpensive to produce and can be transported and stored at 2° to 8° C much more easily than mRNA vaccines, which need to be frozen.Novavax will first supply its vaccine in poorer countries like Africa. The Novavax vaccine is a combination vaccine that is said to protect against the coronavirus and the flu at the same time. According to Novavax, initially,100 million doses of the vaccine could be produced per month. They later expect to be able to produce 150 million doses of the vaccine per month.Europe being supplied with Nuvaxovid is certainly big news for Novavax. The U.S. Food and Drug Administration (FDA) may become biased and send the green light for the biotechnology company to boost its sales, especially if its price is cheaper than other vaccines.Bearish Case for NVAX StockThird quarter (Q3) 2021 financial results showed a year-over-year increase of 14% for revenue to $179 million and a 38% increase of total expenses to $486 million. Loss from operations widened to $307 million compared to a loss of $194 million in Q3 2020. Net loss also widened to $322 million compared to a net loss of $197 million in Q3 2020.The firm has poor financial strength as the debt-to-equity (D/E) ratio of 0.70 is considered high for a money-losing business that has been burning cash over the past five consecutive years.Another negative sign for NVAX stock is that shareholders have been substantially diluted in the past year, with total shares outstanding growing by 137.4%.Novavax: At an Inflection Point NowThe company has positive news that sparks enthusiasm. The broader fundamental analysis, however, is not supportive of the company. Widening losses and burning cash must be addressed fast and radically for a stock price rebound to occur and last.I remain bearish on NVAX stock, waiting for sales updates as the key catalyst.","news_type":1},"isVote":1,"tweetType":1,"viewCount":839,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3559581955535845","authorId":"3559581955535845","name":"koolgal","avatar":"https://static.tigerbbs.com/c05274d88ffc0434623e57350c52c70a","crmLevel":6,"crmLevelSwitch":1,"idStr":"3559581955535845","authorIdStr":"3559581955535845"},"content":"If you are new to Tiger community, a Warm Welcome to you. May you be successful in your investing journey. 👍😍","text":"If you are new to Tiger community, a Warm Welcome to you. May you be successful in your investing journey. 👍😍","html":"If you are new to Tiger community, a Warm Welcome to you. May you be successful in your investing journey. 👍😍"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9920642777,"gmtCreate":1670488991699,"gmtModify":1676538378929,"author":{"id":"4103602949877450","authorId":"4103602949877450","name":"bptan1973","avatar":"https://static.tigerbbs.com/3bc9afb30415a151838a752cc38621fc","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4103602949877450","authorIdStr":"4103602949877450"},"themes":[],"htmlText":"Thanks for your sharing&nbsp;","listText":"Thanks for your sharing&nbsp;","text":"Thanks for your sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9920642777","repostId":"2289551436","repostType":4,"isVote":1,"tweetType":1,"viewCount":365,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9024472995,"gmtCreate":1653917227817,"gmtModify":1676535362251,"author":{"id":"4103602949877450","authorId":"4103602949877450","name":"bptan1973","avatar":"https://static.tigerbbs.com/3bc9afb30415a151838a752cc38621fc","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4103602949877450","authorIdStr":"4103602949877450"},"themes":[],"htmlText":"Thanks for your sharing","listText":"Thanks for your sharing","text":"Thanks for your sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9024472995","repostId":"2238520329","repostType":4,"repost":{"id":"2238520329","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1653912407,"share":"https://ttm.financial/m/news/2238520329?lang=&edition=fundamental","pubTime":"2022-05-30 20:06","market":"us","language":"en","title":"Web3 Was Supposed to Save the Internet. It Has a Long Way to Go","url":"https://stock-news.laohu8.com/highlight/detail?id=2238520329","media":"Dow Jones","summary":"Early this year when anything still seemed possible for technology companies, futurists and venture ","content":"<html><head></head><body><p>Early this year when anything still seemed possible for technology companies, futurists and venture capitalists were enthralled with the idea of building a new internet. Web3, as it became known, was poised to recapture the 1990s promise of a decentralized internet, free from gatekeepers and trillion-dollar platforms.</p><p>Cryptocurrencies had the starring role in the Web3 dream. Crypto, in theory, could wrest control from giants like <a href=\"https://laohu8.com/S/FB\">Meta Platforms</a> (ticker: FB), Alphabet <a href=\"https://laohu8.com/S/GOOGL\">$(GOOGL)$</a>, Amazon.com <a href=\"https://laohu8.com/S/AMZN\">$(AMZN)$</a>, and Apple <a href=\"https://laohu8.com/S/AAPL\">$(AAPL)$</a>. It would shift our online activities to blockchains -- handling everything from payments and trading to videogaming, social media, even real estate. It could also shift the economics to users, giving them financial incentives to govern and secure the networks.</p><p>A record $25 billion was plowed into crypto start-ups last year, with another $30 billion on track for this year, according to Bank of America. Even the recent downturn in crypto doesn&#39;t seem to have chilled new investment. This past week, venture-capital firm a16z announced a new crypto fund totaling $4.5 billion.</p><p>&#34;We think we are now entering the golden era of web3,&#34; a16z partner Chris Dixon wrote in announcing the investment.</p><p>And yet Web3 remains a heavy lift -- it&#39;s full of contradictions, glitchy technology, regulatory uncertainty, and competing economic interests. There&#39;s debate over who will &#34;own&#34; it -- companies backed by Silicon Valley venture capital, or the users themselves. And the crypto markets&#39; downturn -- wiping out more than $1 trillion in value for tokens this year -- makes a blockchain-based web even harder to fathom.</p><p>In the near term, Web3 may be a casualty of a tech backlash that has sent the Nasdaq Composite index down more than 25% this year. Crypto-related stocks have tanked, including Coinbase Global <a href=\"https://laohu8.com/S/COIN\">$(COIN)$</a> and Microstrategy <a href=\"https://laohu8.com/S/MSTR\">$(MSTR)$</a>, and payment apps <a href=\"https://laohu8.com/S/SQ\">Block</a> (SQ) and <a href=\"https://laohu8.com/S/PYPL\">PayPal</a> Holdings (PYPL). Among crypto start-ups, investment is harder to come by, and valuations are falling. <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a> forecasts that failure rates will rise.</p><p>Crypto fans talking up Web3 as a revolution face pushback from critics who see it as a marketing gimmick. In the end, Web3 is likely to fall somewhere in between.</p><p>&#34;We may have to go through <a href=\"https://laohu8.com/S/AONE.U\">one</a> or two hype cycles before the most important elements of the technology break through,&#34; says Gavin Wood, a co-founder of the Ethereum blockchain and head of another blockchain enterprise called Polkadot. As he sees it, Web3 today is where the internet was in 1998 -- early in its adoption but with vast potential and boom-bust cycles ahead.</p><p>&#34;Web3 is the next generation of the internet with capabilities that go well beyond what we have today,&#34; says Mark Palmer, a digital-asset analyst at brokerage BTIG. &#34;But the citizenry is not rising up to overthrow Web2.&#34;</p><p>Understanding Web3 requires a dip in the hot-tub time machine. Web1, the first generation from the 1990s, was based on static pages and directories that served as the first internet indexes. Web1&#39;s dial-up services, browsers, and banner ads evolved into the more modern internet, which came to be known as Web2. Companies like Amazon, Meta, Alphabet, Apple, and Microsoft <a href=\"https://laohu8.com/S/MSFT\">$(MSFT)$</a> now oversee the core of our web experiences. Walled gardens like Instagram, YouTube, and Apple&#39;s App Store prevail. Digital assets like videogame avatars and social-media followings sit on platforms owned by the giants.</p><p>In some ways, Web3 aims to turn back the clock, cutting out the intermediaries and dispersing apps, services, and digital assets on decentralized networks like Ethereum and other blockchains. Today, those networks are primarily used for trading and lending crypto assets, including new varieties like nonfungible tokens, or NFTs, and stablecoins, which are designed to maintain a fixed value.</p><p>But all sorts of other financial products and services could live on blockchains, potentially reducing the economic friction now associated with cross-border payments and transaction fees for goods and services. &#34;Blockchains have the potential to clear and settle transactions in a much more efficient way than traditional technology,&#34; says Sarah Hammer, an adjunct professor at the University of Pennsylvania Law School who specializes in crypto.</p><p>One example of Web3 already in practice is Filecoin, a crypto-powered storage network. Rather than storing files on cloud-based servers -- where they are ultimately controlled by a handful of big-tech operators -- they can be distributed and encrypted on personal hard drives with spare capacity. Testimonies of Holocaust and other genocide survivors are being preserved through Filecoin.</p><p>&#34;It&#39;s like Airbnb for file storage,&#34; says Marta Belcher, president and chair of the Filecoin Foundation. &#34;If you have extra space on your hard drive, you can rent it out. We think of it as the foundation for the next generation of the internet.&#34;</p><p>Filecoin may just scratch the surface of decentralized technologies. Projects like Helium aim to challenge telecom networks by distributing long-range Wi-Fi hot spots to individuals, giving financial incentives and payments for data traffic in tokens. NFTs allow for property rights, licensing agreements, and royalties to be traced and tracked. That opens up avenues for NFTs to become conduits for things like mortgages, car ownership titles, diplomas, and concert tickets. &#34;There&#39;s an infinite number of things you can do with a computer, and that&#39;s equivalent to what you can do with an NFT,&#34; says Gui Karyo, chief information officer of Dapper Labs, a leading NFT company.</p><p>Ideally, Web3 advocates say, the technology will lay the foundations for a more egalitarian web where the &#34;rents&#34; now charged by intermediaries will be more widely distributed. &#34;We should be moving to an internet where your digital property rights are genuine -- you&#39;re not a serf on Jack Dorsey&#39;s or Mark Zuckerberg&#39;s plantation; you own your homestead,&#34; says Nic Carter, a venture-capital investor in Web3 start-ups at Castle Island Ventures.</p><p>Silicon Valley&#39;s biggest and most successful venture-capital firms are investing heavily. &#34;Programmable blockchains are sufficiently advanced, and a diverse range of apps have reached tens of millions of users,&#34; a16z&#39;s Dixon said in a post this past week. Tokens also give users &#34;property rights: the ability to own a piece of the internet,&#34; he said in an previous post on Web3.</p><p>Web3 overlaps with the metaverse, another of tech&#39;s hottest topics before the recent selloff. The metaverse foresees a new internet based on virtual realities, online avatars, and new ways for people to socialize and work.</p><p>Facebook rebranded itself as Meta Platforms, betting that its Instagram, Facebook, and WhatsApp could become Web2 relics without help from blockchains, cryptos, and NFTs, which could grant consumers more control of their digital lives. Meta is now working on incorporating NFTs into Instagram. The currencies of digital worlds, whether for gaming, social, or e-commerce, are likely to be stablecoins -- digital tokens aimed at holding a peg to a dollar.</p><p>Yet Facebook&#39;s move is a reminder that the Web2 giants aren&#39;t sitting still. In the end, Web3 is unlikely to displace them. Indeed, there&#39;s good reason to think Web3 won&#39;t be all that decentralized. For one, it&#39;s being funded by many of the same entities that built Web2.</p><p>A16z, formally called Andreessen Horowitz, was an early investor in many Web2 stalwarts, including Facebook, Box, Lyft, and Pinterest.</p><p>Now, the firm owns stakes in dozens of crypto start-ups, including OpenSea and Dapper Labs, along with decentralized-finance, or DeFi, platforms including Ava Labs, Uniswap Labs, dYdX, and Compound. These DeFi platforms consist of &#34;smart contracts&#34; that set the conditions of a trade, cutting out intermediaries like a brokerage or centralized exchange.</p><p>VC firms aren&#39;t making investments based on sheer goodwill. They expect returns on capital and are likely to maintain stakes through token ownership or warrants. The platforms themselves may be decentralized, in the sense that anyone with some technical skills can write a &#34;permissionless&#34; smart contract and execute a trade without a broker/dealer. But that doesn&#39;t mean the platform isn&#39;t owned or governed by a corporate entity.</p><p>That rubs some tech gurus the wrong way. <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> co-founder Jack Dorsey stirred up an online frenzy last December when he tweeted, &#34;You don&#39;t own &#39;web3.&#39; The VCs and their LPs do,&#34; referring to venture-capital firms and their investors known as limited partners. &#34;It&#39;s ultimately a centralized entity with a different label.&#34;</p><p>Representatives for Dorsey and a16z declined to comment.</p><p>Crypto is proving enticing to VC firms partly because of the attractive &#34;tokenomics.&#34; For a traditional VC deal, the path from initial funding to exit usually takes five to seven years. In crypto, that timeline can be compressed to just two years, with VCs exiting their investment when a token goes live on an exchange or takes off on a DeFi platform.</p><p>&#34;You have a very short time to liquidity -- often it&#39;s like 24 months -- so even if the business doesn&#39;t pan out, you can still exit,&#34; says Carter. &#34;That&#39;s why crypto is so popular with VCs; even your losers can get liquidity, and you can exit before a product comes out.&#34;</p><p>The nebulous nature of Web3 is also alluring for early backers. &#34;There&#39;s no definition, and that&#39;s deliberate,&#34; says Carter, who backs crypto start-ups. &#34;If something is poorly defined, as an entrepreneur you can claim you&#39;re building it even if you&#39;re not. The lack of codification works to the benefit of people in the industry.&#34;</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Web3 Was Supposed to Save the Internet. It Has a Long Way to Go</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWeb3 Was Supposed to Save the Internet. It Has a Long Way to Go\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-05-30 20:06</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Early this year when anything still seemed possible for technology companies, futurists and venture capitalists were enthralled with the idea of building a new internet. Web3, as it became known, was poised to recapture the 1990s promise of a decentralized internet, free from gatekeepers and trillion-dollar platforms.</p><p>Cryptocurrencies had the starring role in the Web3 dream. Crypto, in theory, could wrest control from giants like <a href=\"https://laohu8.com/S/FB\">Meta Platforms</a> (ticker: FB), Alphabet <a href=\"https://laohu8.com/S/GOOGL\">$(GOOGL)$</a>, Amazon.com <a href=\"https://laohu8.com/S/AMZN\">$(AMZN)$</a>, and Apple <a href=\"https://laohu8.com/S/AAPL\">$(AAPL)$</a>. It would shift our online activities to blockchains -- handling everything from payments and trading to videogaming, social media, even real estate. It could also shift the economics to users, giving them financial incentives to govern and secure the networks.</p><p>A record $25 billion was plowed into crypto start-ups last year, with another $30 billion on track for this year, according to Bank of America. Even the recent downturn in crypto doesn&#39;t seem to have chilled new investment. This past week, venture-capital firm a16z announced a new crypto fund totaling $4.5 billion.</p><p>&#34;We think we are now entering the golden era of web3,&#34; a16z partner Chris Dixon wrote in announcing the investment.</p><p>And yet Web3 remains a heavy lift -- it&#39;s full of contradictions, glitchy technology, regulatory uncertainty, and competing economic interests. There&#39;s debate over who will &#34;own&#34; it -- companies backed by Silicon Valley venture capital, or the users themselves. And the crypto markets&#39; downturn -- wiping out more than $1 trillion in value for tokens this year -- makes a blockchain-based web even harder to fathom.</p><p>In the near term, Web3 may be a casualty of a tech backlash that has sent the Nasdaq Composite index down more than 25% this year. Crypto-related stocks have tanked, including Coinbase Global <a href=\"https://laohu8.com/S/COIN\">$(COIN)$</a> and Microstrategy <a href=\"https://laohu8.com/S/MSTR\">$(MSTR)$</a>, and payment apps <a href=\"https://laohu8.com/S/SQ\">Block</a> (SQ) and <a href=\"https://laohu8.com/S/PYPL\">PayPal</a> Holdings (PYPL). Among crypto start-ups, investment is harder to come by, and valuations are falling. <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a> forecasts that failure rates will rise.</p><p>Crypto fans talking up Web3 as a revolution face pushback from critics who see it as a marketing gimmick. In the end, Web3 is likely to fall somewhere in between.</p><p>&#34;We may have to go through <a href=\"https://laohu8.com/S/AONE.U\">one</a> or two hype cycles before the most important elements of the technology break through,&#34; says Gavin Wood, a co-founder of the Ethereum blockchain and head of another blockchain enterprise called Polkadot. As he sees it, Web3 today is where the internet was in 1998 -- early in its adoption but with vast potential and boom-bust cycles ahead.</p><p>&#34;Web3 is the next generation of the internet with capabilities that go well beyond what we have today,&#34; says Mark Palmer, a digital-asset analyst at brokerage BTIG. &#34;But the citizenry is not rising up to overthrow Web2.&#34;</p><p>Understanding Web3 requires a dip in the hot-tub time machine. Web1, the first generation from the 1990s, was based on static pages and directories that served as the first internet indexes. Web1&#39;s dial-up services, browsers, and banner ads evolved into the more modern internet, which came to be known as Web2. Companies like Amazon, Meta, Alphabet, Apple, and Microsoft <a href=\"https://laohu8.com/S/MSFT\">$(MSFT)$</a> now oversee the core of our web experiences. Walled gardens like Instagram, YouTube, and Apple&#39;s App Store prevail. Digital assets like videogame avatars and social-media followings sit on platforms owned by the giants.</p><p>In some ways, Web3 aims to turn back the clock, cutting out the intermediaries and dispersing apps, services, and digital assets on decentralized networks like Ethereum and other blockchains. Today, those networks are primarily used for trading and lending crypto assets, including new varieties like nonfungible tokens, or NFTs, and stablecoins, which are designed to maintain a fixed value.</p><p>But all sorts of other financial products and services could live on blockchains, potentially reducing the economic friction now associated with cross-border payments and transaction fees for goods and services. &#34;Blockchains have the potential to clear and settle transactions in a much more efficient way than traditional technology,&#34; says Sarah Hammer, an adjunct professor at the University of Pennsylvania Law School who specializes in crypto.</p><p>One example of Web3 already in practice is Filecoin, a crypto-powered storage network. Rather than storing files on cloud-based servers -- where they are ultimately controlled by a handful of big-tech operators -- they can be distributed and encrypted on personal hard drives with spare capacity. Testimonies of Holocaust and other genocide survivors are being preserved through Filecoin.</p><p>&#34;It&#39;s like Airbnb for file storage,&#34; says Marta Belcher, president and chair of the Filecoin Foundation. &#34;If you have extra space on your hard drive, you can rent it out. We think of it as the foundation for the next generation of the internet.&#34;</p><p>Filecoin may just scratch the surface of decentralized technologies. Projects like Helium aim to challenge telecom networks by distributing long-range Wi-Fi hot spots to individuals, giving financial incentives and payments for data traffic in tokens. NFTs allow for property rights, licensing agreements, and royalties to be traced and tracked. That opens up avenues for NFTs to become conduits for things like mortgages, car ownership titles, diplomas, and concert tickets. &#34;There&#39;s an infinite number of things you can do with a computer, and that&#39;s equivalent to what you can do with an NFT,&#34; says Gui Karyo, chief information officer of Dapper Labs, a leading NFT company.</p><p>Ideally, Web3 advocates say, the technology will lay the foundations for a more egalitarian web where the &#34;rents&#34; now charged by intermediaries will be more widely distributed. &#34;We should be moving to an internet where your digital property rights are genuine -- you&#39;re not a serf on Jack Dorsey&#39;s or Mark Zuckerberg&#39;s plantation; you own your homestead,&#34; says Nic Carter, a venture-capital investor in Web3 start-ups at Castle Island Ventures.</p><p>Silicon Valley&#39;s biggest and most successful venture-capital firms are investing heavily. &#34;Programmable blockchains are sufficiently advanced, and a diverse range of apps have reached tens of millions of users,&#34; a16z&#39;s Dixon said in a post this past week. Tokens also give users &#34;property rights: the ability to own a piece of the internet,&#34; he said in an previous post on Web3.</p><p>Web3 overlaps with the metaverse, another of tech&#39;s hottest topics before the recent selloff. The metaverse foresees a new internet based on virtual realities, online avatars, and new ways for people to socialize and work.</p><p>Facebook rebranded itself as Meta Platforms, betting that its Instagram, Facebook, and WhatsApp could become Web2 relics without help from blockchains, cryptos, and NFTs, which could grant consumers more control of their digital lives. Meta is now working on incorporating NFTs into Instagram. The currencies of digital worlds, whether for gaming, social, or e-commerce, are likely to be stablecoins -- digital tokens aimed at holding a peg to a dollar.</p><p>Yet Facebook&#39;s move is a reminder that the Web2 giants aren&#39;t sitting still. In the end, Web3 is unlikely to displace them. Indeed, there&#39;s good reason to think Web3 won&#39;t be all that decentralized. For one, it&#39;s being funded by many of the same entities that built Web2.</p><p>A16z, formally called Andreessen Horowitz, was an early investor in many Web2 stalwarts, including Facebook, Box, Lyft, and Pinterest.</p><p>Now, the firm owns stakes in dozens of crypto start-ups, including OpenSea and Dapper Labs, along with decentralized-finance, or DeFi, platforms including Ava Labs, Uniswap Labs, dYdX, and Compound. These DeFi platforms consist of &#34;smart contracts&#34; that set the conditions of a trade, cutting out intermediaries like a brokerage or centralized exchange.</p><p>VC firms aren&#39;t making investments based on sheer goodwill. They expect returns on capital and are likely to maintain stakes through token ownership or warrants. The platforms themselves may be decentralized, in the sense that anyone with some technical skills can write a &#34;permissionless&#34; smart contract and execute a trade without a broker/dealer. But that doesn&#39;t mean the platform isn&#39;t owned or governed by a corporate entity.</p><p>That rubs some tech gurus the wrong way. <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> co-founder Jack Dorsey stirred up an online frenzy last December when he tweeted, &#34;You don&#39;t own &#39;web3.&#39; The VCs and their LPs do,&#34; referring to venture-capital firms and their investors known as limited partners. &#34;It&#39;s ultimately a centralized entity with a different label.&#34;</p><p>Representatives for Dorsey and a16z declined to comment.</p><p>Crypto is proving enticing to VC firms partly because of the attractive &#34;tokenomics.&#34; For a traditional VC deal, the path from initial funding to exit usually takes five to seven years. In crypto, that timeline can be compressed to just two years, with VCs exiting their investment when a token goes live on an exchange or takes off on a DeFi platform.</p><p>&#34;You have a very short time to liquidity -- often it&#39;s like 24 months -- so even if the business doesn&#39;t pan out, you can still exit,&#34; says Carter. &#34;That&#39;s why crypto is so popular with VCs; even your losers can get liquidity, and you can exit before a product comes out.&#34;</p><p>The nebulous nature of Web3 is also alluring for early backers. &#34;There&#39;s no definition, and that&#39;s deliberate,&#34; says Carter, who backs crypto start-ups. &#34;If something is poorly defined, as an entrepreneur you can claim you&#39;re building it even if you&#39;re not. The lack of codification works to the benefit of people in the industry.&#34;</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSTR":"MicroStrategy","BK4571":"数字音乐概念","COIN":"Coinbase Global, Inc.","BK4534":"瑞士信贷持仓","BK4567":"ESG概念","BK4507":"流媒体概念","GOOGL":"谷歌A","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4576":"AR","BK4525":"远程办公概念","BK4566":"资本集团","BK4575":"芯片概念","GOOG":"谷歌","BK4535":"淡马锡持仓","BK4524":"宅经济概念","BK4508":"社交媒体","BK4538":"云计算","BK4527":"明星科技股","BK4559":"巴菲特持仓","BK4501":"段永平概念","BK4077":"互动媒体与服务","BK4579":"人工智能","BK4550":"红杉资本持仓","BK4122":"互联网与直销零售","BK4503":"景林资产持仓","BK4551":"寇图资本持仓","BK4574":"无人驾驶","META":"Meta Platforms, Inc.","BK4573":"虚拟现实","BK4097":"系统软件","BK4561":"索罗斯持仓","BK4505":"高瓴资本持仓","BK4581":"高盛持仓","BK4504":"桥水持仓","BK4512":"苹果概念","BK4112":"金融交易所和数据","BK4548":"巴美列捷福持仓","BK4514":"搜索引擎","SQ":"Block","MSFT":"微软","BK4539":"次新股","BK4528":"SaaS概念","BK4516":"特朗普概念","BK4106":"数据处理与外包服务","PYPL":"PayPal","BK4532":"文艺复兴科技持仓","BK4554":"元宇宙及AR概念","BK4515":"5G概念","BK4553":"喜马拉雅资本持仓"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2238520329","content_text":"Early this year when anything still seemed possible for technology companies, futurists and venture capitalists were enthralled with the idea of building a new internet. Web3, as it became known, was poised to recapture the 1990s promise of a decentralized internet, free from gatekeepers and trillion-dollar platforms.Cryptocurrencies had the starring role in the Web3 dream. Crypto, in theory, could wrest control from giants like Meta Platforms (ticker: FB), Alphabet $(GOOGL)$, Amazon.com $(AMZN)$, and Apple $(AAPL)$. It would shift our online activities to blockchains -- handling everything from payments and trading to videogaming, social media, even real estate. It could also shift the economics to users, giving them financial incentives to govern and secure the networks.A record $25 billion was plowed into crypto start-ups last year, with another $30 billion on track for this year, according to Bank of America. Even the recent downturn in crypto doesn't seem to have chilled new investment. This past week, venture-capital firm a16z announced a new crypto fund totaling $4.5 billion.\"We think we are now entering the golden era of web3,\" a16z partner Chris Dixon wrote in announcing the investment.And yet Web3 remains a heavy lift -- it's full of contradictions, glitchy technology, regulatory uncertainty, and competing economic interests. There's debate over who will \"own\" it -- companies backed by Silicon Valley venture capital, or the users themselves. And the crypto markets' downturn -- wiping out more than $1 trillion in value for tokens this year -- makes a blockchain-based web even harder to fathom.In the near term, Web3 may be a casualty of a tech backlash that has sent the Nasdaq Composite index down more than 25% this year. Crypto-related stocks have tanked, including Coinbase Global $(COIN)$ and Microstrategy $(MSTR)$, and payment apps Block (SQ) and PayPal Holdings (PYPL). Among crypto start-ups, investment is harder to come by, and valuations are falling. Morgan Stanley forecasts that failure rates will rise.Crypto fans talking up Web3 as a revolution face pushback from critics who see it as a marketing gimmick. In the end, Web3 is likely to fall somewhere in between.\"We may have to go through one or two hype cycles before the most important elements of the technology break through,\" says Gavin Wood, a co-founder of the Ethereum blockchain and head of another blockchain enterprise called Polkadot. As he sees it, Web3 today is where the internet was in 1998 -- early in its adoption but with vast potential and boom-bust cycles ahead.\"Web3 is the next generation of the internet with capabilities that go well beyond what we have today,\" says Mark Palmer, a digital-asset analyst at brokerage BTIG. \"But the citizenry is not rising up to overthrow Web2.\"Understanding Web3 requires a dip in the hot-tub time machine. Web1, the first generation from the 1990s, was based on static pages and directories that served as the first internet indexes. Web1's dial-up services, browsers, and banner ads evolved into the more modern internet, which came to be known as Web2. Companies like Amazon, Meta, Alphabet, Apple, and Microsoft $(MSFT)$ now oversee the core of our web experiences. Walled gardens like Instagram, YouTube, and Apple's App Store prevail. Digital assets like videogame avatars and social-media followings sit on platforms owned by the giants.In some ways, Web3 aims to turn back the clock, cutting out the intermediaries and dispersing apps, services, and digital assets on decentralized networks like Ethereum and other blockchains. Today, those networks are primarily used for trading and lending crypto assets, including new varieties like nonfungible tokens, or NFTs, and stablecoins, which are designed to maintain a fixed value.But all sorts of other financial products and services could live on blockchains, potentially reducing the economic friction now associated with cross-border payments and transaction fees for goods and services. \"Blockchains have the potential to clear and settle transactions in a much more efficient way than traditional technology,\" says Sarah Hammer, an adjunct professor at the University of Pennsylvania Law School who specializes in crypto.One example of Web3 already in practice is Filecoin, a crypto-powered storage network. Rather than storing files on cloud-based servers -- where they are ultimately controlled by a handful of big-tech operators -- they can be distributed and encrypted on personal hard drives with spare capacity. Testimonies of Holocaust and other genocide survivors are being preserved through Filecoin.\"It's like Airbnb for file storage,\" says Marta Belcher, president and chair of the Filecoin Foundation. \"If you have extra space on your hard drive, you can rent it out. We think of it as the foundation for the next generation of the internet.\"Filecoin may just scratch the surface of decentralized technologies. Projects like Helium aim to challenge telecom networks by distributing long-range Wi-Fi hot spots to individuals, giving financial incentives and payments for data traffic in tokens. NFTs allow for property rights, licensing agreements, and royalties to be traced and tracked. That opens up avenues for NFTs to become conduits for things like mortgages, car ownership titles, diplomas, and concert tickets. \"There's an infinite number of things you can do with a computer, and that's equivalent to what you can do with an NFT,\" says Gui Karyo, chief information officer of Dapper Labs, a leading NFT company.Ideally, Web3 advocates say, the technology will lay the foundations for a more egalitarian web where the \"rents\" now charged by intermediaries will be more widely distributed. \"We should be moving to an internet where your digital property rights are genuine -- you're not a serf on Jack Dorsey's or Mark Zuckerberg's plantation; you own your homestead,\" says Nic Carter, a venture-capital investor in Web3 start-ups at Castle Island Ventures.Silicon Valley's biggest and most successful venture-capital firms are investing heavily. \"Programmable blockchains are sufficiently advanced, and a diverse range of apps have reached tens of millions of users,\" a16z's Dixon said in a post this past week. Tokens also give users \"property rights: the ability to own a piece of the internet,\" he said in an previous post on Web3.Web3 overlaps with the metaverse, another of tech's hottest topics before the recent selloff. The metaverse foresees a new internet based on virtual realities, online avatars, and new ways for people to socialize and work.Facebook rebranded itself as Meta Platforms, betting that its Instagram, Facebook, and WhatsApp could become Web2 relics without help from blockchains, cryptos, and NFTs, which could grant consumers more control of their digital lives. Meta is now working on incorporating NFTs into Instagram. The currencies of digital worlds, whether for gaming, social, or e-commerce, are likely to be stablecoins -- digital tokens aimed at holding a peg to a dollar.Yet Facebook's move is a reminder that the Web2 giants aren't sitting still. In the end, Web3 is unlikely to displace them. Indeed, there's good reason to think Web3 won't be all that decentralized. For one, it's being funded by many of the same entities that built Web2.A16z, formally called Andreessen Horowitz, was an early investor in many Web2 stalwarts, including Facebook, Box, Lyft, and Pinterest.Now, the firm owns stakes in dozens of crypto start-ups, including OpenSea and Dapper Labs, along with decentralized-finance, or DeFi, platforms including Ava Labs, Uniswap Labs, dYdX, and Compound. These DeFi platforms consist of \"smart contracts\" that set the conditions of a trade, cutting out intermediaries like a brokerage or centralized exchange.VC firms aren't making investments based on sheer goodwill. They expect returns on capital and are likely to maintain stakes through token ownership or warrants. The platforms themselves may be decentralized, in the sense that anyone with some technical skills can write a \"permissionless\" smart contract and execute a trade without a broker/dealer. But that doesn't mean the platform isn't owned or governed by a corporate entity.That rubs some tech gurus the wrong way. Twitter co-founder Jack Dorsey stirred up an online frenzy last December when he tweeted, \"You don't own 'web3.' The VCs and their LPs do,\" referring to venture-capital firms and their investors known as limited partners. \"It's ultimately a centralized entity with a different label.\"Representatives for Dorsey and a16z declined to comment.Crypto is proving enticing to VC firms partly because of the attractive \"tokenomics.\" For a traditional VC deal, the path from initial funding to exit usually takes five to seven years. In crypto, that timeline can be compressed to just two years, with VCs exiting their investment when a token goes live on an exchange or takes off on a DeFi platform.\"You have a very short time to liquidity -- often it's like 24 months -- so even if the business doesn't pan out, you can still exit,\" says Carter. \"That's why crypto is so popular with VCs; even your losers can get liquidity, and you can exit before a product comes out.\"The nebulous nature of Web3 is also alluring for early backers. \"There's no definition, and that's deliberate,\" says Carter, who backs crypto start-ups. \"If something is poorly defined, as an entrepreneur you can claim you're building it even if you're not. The lack of codification works to the benefit of people in the industry.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":296,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9036129630,"gmtCreate":1647014910724,"gmtModify":1676534188034,"author":{"id":"4103602949877450","authorId":"4103602949877450","name":"bptan1973","avatar":"https://static.tigerbbs.com/3bc9afb30415a151838a752cc38621fc","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4103602949877450","authorIdStr":"4103602949877450"},"themes":[],"htmlText":"Thanks for sharing","listText":"Thanks for sharing","text":"Thanks for sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9036129630","repostId":"1128425682","repostType":4,"repost":{"id":"1128425682","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1647009391,"share":"https://ttm.financial/m/news/1128425682?lang=&edition=fundamental","pubTime":"2022-03-11 22:36","market":"us","language":"en","title":"DiDi Shares Tumbled 20% in Morning Trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1128425682","media":"Tiger Newspress","summary":"DiDi shares tumbled 20% in morning trading. Didi is said to halt Hong Kong listing plans.","content":"<html><head></head><body><p>DiDi shares tumbled 20% in morning trading. Didi is said to halt Hong Kong listing plans.<img src=\"https://static.tigerbbs.com/501487bb389bfb1318d73690f0b3553f\" tg-width=\"790\" tg-height=\"681\" width=\"100%\" height=\"auto\"/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>DiDi Shares Tumbled 20% in Morning Trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDiDi Shares Tumbled 20% in Morning Trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-03-11 22:36</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>DiDi shares tumbled 20% in morning trading. Didi is said to halt Hong Kong listing plans.<img src=\"https://static.tigerbbs.com/501487bb389bfb1318d73690f0b3553f\" tg-width=\"790\" tg-height=\"681\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DIDI":"滴滴(已退市)"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128425682","content_text":"DiDi shares tumbled 20% in morning trading. Didi is said to halt Hong Kong listing plans.","news_type":1},"isVote":1,"tweetType":1,"viewCount":597,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949051739,"gmtCreate":1678255823521,"gmtModify":1678255826941,"author":{"id":"4103602949877450","authorId":"4103602949877450","name":"bptan1973","avatar":"https://static.tigerbbs.com/3bc9afb30415a151838a752cc38621fc","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4103602949877450","authorIdStr":"4103602949877450"},"themes":[],"htmlText":"Thanks for sharing&nbsp;","listText":"Thanks for sharing&nbsp;","text":"Thanks for sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949051739","repostId":"9949053114","repostType":1,"repost":{"id":9949053114,"gmtCreate":1678254504739,"gmtModify":1678254659565,"author":{"id":"3479274788369128","authorId":"3479274788369128","name":"YT Finance","avatar":"https://static.tigerbbs.com/b6a88deab8f94c02e156d705ee928536","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3479274788369128","authorIdStr":"3479274788369128"},"themes":[],"htmlText":"\n \n \n  Is NIO Stock The Next Big EV Winner? Our Analysis Says YES, Nio is a great EV stock!\n \n","listText":"Is NIO Stock The Next Big EV Winner? Our Analysis Says YES, Nio is a great EV stock!","text":"Is NIO Stock The Next Big EV Winner? Our Analysis Says YES, Nio is a great EV stock!","images":[],"top":1,"highlighted":2,"essential":2,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949053114","isVote":1,"tweetType":2,"object":{"id":"aa13d2e7ee9e45ef97214557a5149b1e","tweetId":"9949053114","title":"Is NIO Stock The Next Big EV Winner? Our Analysis Says YES, Nio is a great EV stock!","videoUrl":"http://v.tigerbbs.com/16782544973336345591d5a3865e7a8bc2d3ba08db5b5.mp4","poster":"https://static.tigerbbs.com/ab3851af975c8b209184dff67d252f04","shareLink":"http://v.tigerbbs.com/16782544973336345591d5a3865e7a8bc2d3ba08db5b5.mp4"},"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":258,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949051588,"gmtCreate":1678255782945,"gmtModify":1678255786701,"author":{"id":"4103602949877450","authorId":"4103602949877450","name":"bptan1973","avatar":"https://static.tigerbbs.com/3bc9afb30415a151838a752cc38621fc","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4103602949877450","authorIdStr":"4103602949877450"},"themes":[],"htmlText":"Thanks for sharing&nbsp;","listText":"Thanks for sharing&nbsp;","text":"Thanks for sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949051588","repostId":"9949027870","repostType":1,"repost":{"id":9949027870,"gmtCreate":1678252996290,"gmtModify":1678254616882,"author":{"id":"10000000000010725","authorId":"10000000000010725","name":"SpicyTrade","avatar":"https://community-static.tradeup.com/news/8625e39315faf7fe99c5d50b5dab2fe6","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"10000000000010725","authorIdStr":"10000000000010725"},"themes":[],"htmlText":"\n \n \n  SPY ( $SPY ) stock analysis\n \n","listText":"SPY ( $SPY ) stock analysis","text":"SPY ( $SPY ) stock analysis","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949027870","isVote":1,"tweetType":2,"object":{"id":"44136eb34a434efea7f61144ce33975a","tweetId":"9949027870","title":"SPY ( $SPY ) stock analysis","videoUrl":"http://v.tigerbbs.com/16782529889805d91349d32628934aea1384d5a194f9e.mp4","poster":"https://static.tigerbbs.com/ee7409b224eb8a2de3ced02914476664","shareLink":"http://v.tigerbbs.com/16782529889805d91349d32628934aea1384d5a194f9e.mp4"},"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":171,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9024472120,"gmtCreate":1653917258460,"gmtModify":1676535362266,"author":{"id":"4103602949877450","authorId":"4103602949877450","name":"bptan1973","avatar":"https://static.tigerbbs.com/3bc9afb30415a151838a752cc38621fc","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4103602949877450","authorIdStr":"4103602949877450"},"themes":[],"htmlText":"like done pls like me too//<a href=\"https://laohu8.com/U/3569477879515338\">@EmmanuelQeen</a>:Like pls","listText":"like done pls like me too//<a href=\"https://laohu8.com/U/3569477879515338\">@EmmanuelQeen</a>:Like pls","text":"like done pls like me too//@EmmanuelQeen:Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9024472120","repostId":"2238520329","repostType":4,"repost":{"id":"2238520329","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1653912407,"share":"https://ttm.financial/m/news/2238520329?lang=&edition=fundamental","pubTime":"2022-05-30 20:06","market":"us","language":"en","title":"Web3 Was Supposed to Save the Internet. It Has a Long Way to Go","url":"https://stock-news.laohu8.com/highlight/detail?id=2238520329","media":"Dow Jones","summary":"Early this year when anything still seemed possible for technology companies, futurists and venture ","content":"<html><head></head><body><p>Early this year when anything still seemed possible for technology companies, futurists and venture capitalists were enthralled with the idea of building a new internet. Web3, as it became known, was poised to recapture the 1990s promise of a decentralized internet, free from gatekeepers and trillion-dollar platforms.</p><p>Cryptocurrencies had the starring role in the Web3 dream. Crypto, in theory, could wrest control from giants like <a href=\"https://laohu8.com/S/FB\">Meta Platforms</a> (ticker: FB), Alphabet <a href=\"https://laohu8.com/S/GOOGL\">$(GOOGL)$</a>, Amazon.com <a href=\"https://laohu8.com/S/AMZN\">$(AMZN)$</a>, and Apple <a href=\"https://laohu8.com/S/AAPL\">$(AAPL)$</a>. It would shift our online activities to blockchains -- handling everything from payments and trading to videogaming, social media, even real estate. It could also shift the economics to users, giving them financial incentives to govern and secure the networks.</p><p>A record $25 billion was plowed into crypto start-ups last year, with another $30 billion on track for this year, according to Bank of America. Even the recent downturn in crypto doesn&#39;t seem to have chilled new investment. This past week, venture-capital firm a16z announced a new crypto fund totaling $4.5 billion.</p><p>&#34;We think we are now entering the golden era of web3,&#34; a16z partner Chris Dixon wrote in announcing the investment.</p><p>And yet Web3 remains a heavy lift -- it&#39;s full of contradictions, glitchy technology, regulatory uncertainty, and competing economic interests. There&#39;s debate over who will &#34;own&#34; it -- companies backed by Silicon Valley venture capital, or the users themselves. And the crypto markets&#39; downturn -- wiping out more than $1 trillion in value for tokens this year -- makes a blockchain-based web even harder to fathom.</p><p>In the near term, Web3 may be a casualty of a tech backlash that has sent the Nasdaq Composite index down more than 25% this year. Crypto-related stocks have tanked, including Coinbase Global <a href=\"https://laohu8.com/S/COIN\">$(COIN)$</a> and Microstrategy <a href=\"https://laohu8.com/S/MSTR\">$(MSTR)$</a>, and payment apps <a href=\"https://laohu8.com/S/SQ\">Block</a> (SQ) and <a href=\"https://laohu8.com/S/PYPL\">PayPal</a> Holdings (PYPL). Among crypto start-ups, investment is harder to come by, and valuations are falling. <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a> forecasts that failure rates will rise.</p><p>Crypto fans talking up Web3 as a revolution face pushback from critics who see it as a marketing gimmick. In the end, Web3 is likely to fall somewhere in between.</p><p>&#34;We may have to go through <a href=\"https://laohu8.com/S/AONE.U\">one</a> or two hype cycles before the most important elements of the technology break through,&#34; says Gavin Wood, a co-founder of the Ethereum blockchain and head of another blockchain enterprise called Polkadot. As he sees it, Web3 today is where the internet was in 1998 -- early in its adoption but with vast potential and boom-bust cycles ahead.</p><p>&#34;Web3 is the next generation of the internet with capabilities that go well beyond what we have today,&#34; says Mark Palmer, a digital-asset analyst at brokerage BTIG. &#34;But the citizenry is not rising up to overthrow Web2.&#34;</p><p>Understanding Web3 requires a dip in the hot-tub time machine. Web1, the first generation from the 1990s, was based on static pages and directories that served as the first internet indexes. Web1&#39;s dial-up services, browsers, and banner ads evolved into the more modern internet, which came to be known as Web2. Companies like Amazon, Meta, Alphabet, Apple, and Microsoft <a href=\"https://laohu8.com/S/MSFT\">$(MSFT)$</a> now oversee the core of our web experiences. Walled gardens like Instagram, YouTube, and Apple&#39;s App Store prevail. Digital assets like videogame avatars and social-media followings sit on platforms owned by the giants.</p><p>In some ways, Web3 aims to turn back the clock, cutting out the intermediaries and dispersing apps, services, and digital assets on decentralized networks like Ethereum and other blockchains. Today, those networks are primarily used for trading and lending crypto assets, including new varieties like nonfungible tokens, or NFTs, and stablecoins, which are designed to maintain a fixed value.</p><p>But all sorts of other financial products and services could live on blockchains, potentially reducing the economic friction now associated with cross-border payments and transaction fees for goods and services. &#34;Blockchains have the potential to clear and settle transactions in a much more efficient way than traditional technology,&#34; says Sarah Hammer, an adjunct professor at the University of Pennsylvania Law School who specializes in crypto.</p><p>One example of Web3 already in practice is Filecoin, a crypto-powered storage network. Rather than storing files on cloud-based servers -- where they are ultimately controlled by a handful of big-tech operators -- they can be distributed and encrypted on personal hard drives with spare capacity. Testimonies of Holocaust and other genocide survivors are being preserved through Filecoin.</p><p>&#34;It&#39;s like Airbnb for file storage,&#34; says Marta Belcher, president and chair of the Filecoin Foundation. &#34;If you have extra space on your hard drive, you can rent it out. We think of it as the foundation for the next generation of the internet.&#34;</p><p>Filecoin may just scratch the surface of decentralized technologies. Projects like Helium aim to challenge telecom networks by distributing long-range Wi-Fi hot spots to individuals, giving financial incentives and payments for data traffic in tokens. NFTs allow for property rights, licensing agreements, and royalties to be traced and tracked. That opens up avenues for NFTs to become conduits for things like mortgages, car ownership titles, diplomas, and concert tickets. &#34;There&#39;s an infinite number of things you can do with a computer, and that&#39;s equivalent to what you can do with an NFT,&#34; says Gui Karyo, chief information officer of Dapper Labs, a leading NFT company.</p><p>Ideally, Web3 advocates say, the technology will lay the foundations for a more egalitarian web where the &#34;rents&#34; now charged by intermediaries will be more widely distributed. &#34;We should be moving to an internet where your digital property rights are genuine -- you&#39;re not a serf on Jack Dorsey&#39;s or Mark Zuckerberg&#39;s plantation; you own your homestead,&#34; says Nic Carter, a venture-capital investor in Web3 start-ups at Castle Island Ventures.</p><p>Silicon Valley&#39;s biggest and most successful venture-capital firms are investing heavily. &#34;Programmable blockchains are sufficiently advanced, and a diverse range of apps have reached tens of millions of users,&#34; a16z&#39;s Dixon said in a post this past week. Tokens also give users &#34;property rights: the ability to own a piece of the internet,&#34; he said in an previous post on Web3.</p><p>Web3 overlaps with the metaverse, another of tech&#39;s hottest topics before the recent selloff. The metaverse foresees a new internet based on virtual realities, online avatars, and new ways for people to socialize and work.</p><p>Facebook rebranded itself as Meta Platforms, betting that its Instagram, Facebook, and WhatsApp could become Web2 relics without help from blockchains, cryptos, and NFTs, which could grant consumers more control of their digital lives. Meta is now working on incorporating NFTs into Instagram. The currencies of digital worlds, whether for gaming, social, or e-commerce, are likely to be stablecoins -- digital tokens aimed at holding a peg to a dollar.</p><p>Yet Facebook&#39;s move is a reminder that the Web2 giants aren&#39;t sitting still. In the end, Web3 is unlikely to displace them. Indeed, there&#39;s good reason to think Web3 won&#39;t be all that decentralized. For one, it&#39;s being funded by many of the same entities that built Web2.</p><p>A16z, formally called Andreessen Horowitz, was an early investor in many Web2 stalwarts, including Facebook, Box, Lyft, and Pinterest.</p><p>Now, the firm owns stakes in dozens of crypto start-ups, including OpenSea and Dapper Labs, along with decentralized-finance, or DeFi, platforms including Ava Labs, Uniswap Labs, dYdX, and Compound. These DeFi platforms consist of &#34;smart contracts&#34; that set the conditions of a trade, cutting out intermediaries like a brokerage or centralized exchange.</p><p>VC firms aren&#39;t making investments based on sheer goodwill. They expect returns on capital and are likely to maintain stakes through token ownership or warrants. The platforms themselves may be decentralized, in the sense that anyone with some technical skills can write a &#34;permissionless&#34; smart contract and execute a trade without a broker/dealer. But that doesn&#39;t mean the platform isn&#39;t owned or governed by a corporate entity.</p><p>That rubs some tech gurus the wrong way. <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> co-founder Jack Dorsey stirred up an online frenzy last December when he tweeted, &#34;You don&#39;t own &#39;web3.&#39; The VCs and their LPs do,&#34; referring to venture-capital firms and their investors known as limited partners. &#34;It&#39;s ultimately a centralized entity with a different label.&#34;</p><p>Representatives for Dorsey and a16z declined to comment.</p><p>Crypto is proving enticing to VC firms partly because of the attractive &#34;tokenomics.&#34; For a traditional VC deal, the path from initial funding to exit usually takes five to seven years. In crypto, that timeline can be compressed to just two years, with VCs exiting their investment when a token goes live on an exchange or takes off on a DeFi platform.</p><p>&#34;You have a very short time to liquidity -- often it&#39;s like 24 months -- so even if the business doesn&#39;t pan out, you can still exit,&#34; says Carter. &#34;That&#39;s why crypto is so popular with VCs; even your losers can get liquidity, and you can exit before a product comes out.&#34;</p><p>The nebulous nature of Web3 is also alluring for early backers. &#34;There&#39;s no definition, and that&#39;s deliberate,&#34; says Carter, who backs crypto start-ups. &#34;If something is poorly defined, as an entrepreneur you can claim you&#39;re building it even if you&#39;re not. The lack of codification works to the benefit of people in the industry.&#34;</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Web3 Was Supposed to Save the Internet. It Has a Long Way to Go</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWeb3 Was Supposed to Save the Internet. It Has a Long Way to Go\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-05-30 20:06</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Early this year when anything still seemed possible for technology companies, futurists and venture capitalists were enthralled with the idea of building a new internet. Web3, as it became known, was poised to recapture the 1990s promise of a decentralized internet, free from gatekeepers and trillion-dollar platforms.</p><p>Cryptocurrencies had the starring role in the Web3 dream. Crypto, in theory, could wrest control from giants like <a href=\"https://laohu8.com/S/FB\">Meta Platforms</a> (ticker: FB), Alphabet <a href=\"https://laohu8.com/S/GOOGL\">$(GOOGL)$</a>, Amazon.com <a href=\"https://laohu8.com/S/AMZN\">$(AMZN)$</a>, and Apple <a href=\"https://laohu8.com/S/AAPL\">$(AAPL)$</a>. It would shift our online activities to blockchains -- handling everything from payments and trading to videogaming, social media, even real estate. It could also shift the economics to users, giving them financial incentives to govern and secure the networks.</p><p>A record $25 billion was plowed into crypto start-ups last year, with another $30 billion on track for this year, according to Bank of America. Even the recent downturn in crypto doesn&#39;t seem to have chilled new investment. This past week, venture-capital firm a16z announced a new crypto fund totaling $4.5 billion.</p><p>&#34;We think we are now entering the golden era of web3,&#34; a16z partner Chris Dixon wrote in announcing the investment.</p><p>And yet Web3 remains a heavy lift -- it&#39;s full of contradictions, glitchy technology, regulatory uncertainty, and competing economic interests. There&#39;s debate over who will &#34;own&#34; it -- companies backed by Silicon Valley venture capital, or the users themselves. And the crypto markets&#39; downturn -- wiping out more than $1 trillion in value for tokens this year -- makes a blockchain-based web even harder to fathom.</p><p>In the near term, Web3 may be a casualty of a tech backlash that has sent the Nasdaq Composite index down more than 25% this year. Crypto-related stocks have tanked, including Coinbase Global <a href=\"https://laohu8.com/S/COIN\">$(COIN)$</a> and Microstrategy <a href=\"https://laohu8.com/S/MSTR\">$(MSTR)$</a>, and payment apps <a href=\"https://laohu8.com/S/SQ\">Block</a> (SQ) and <a href=\"https://laohu8.com/S/PYPL\">PayPal</a> Holdings (PYPL). Among crypto start-ups, investment is harder to come by, and valuations are falling. <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a> forecasts that failure rates will rise.</p><p>Crypto fans talking up Web3 as a revolution face pushback from critics who see it as a marketing gimmick. In the end, Web3 is likely to fall somewhere in between.</p><p>&#34;We may have to go through <a href=\"https://laohu8.com/S/AONE.U\">one</a> or two hype cycles before the most important elements of the technology break through,&#34; says Gavin Wood, a co-founder of the Ethereum blockchain and head of another blockchain enterprise called Polkadot. As he sees it, Web3 today is where the internet was in 1998 -- early in its adoption but with vast potential and boom-bust cycles ahead.</p><p>&#34;Web3 is the next generation of the internet with capabilities that go well beyond what we have today,&#34; says Mark Palmer, a digital-asset analyst at brokerage BTIG. &#34;But the citizenry is not rising up to overthrow Web2.&#34;</p><p>Understanding Web3 requires a dip in the hot-tub time machine. Web1, the first generation from the 1990s, was based on static pages and directories that served as the first internet indexes. Web1&#39;s dial-up services, browsers, and banner ads evolved into the more modern internet, which came to be known as Web2. Companies like Amazon, Meta, Alphabet, Apple, and Microsoft <a href=\"https://laohu8.com/S/MSFT\">$(MSFT)$</a> now oversee the core of our web experiences. Walled gardens like Instagram, YouTube, and Apple&#39;s App Store prevail. Digital assets like videogame avatars and social-media followings sit on platforms owned by the giants.</p><p>In some ways, Web3 aims to turn back the clock, cutting out the intermediaries and dispersing apps, services, and digital assets on decentralized networks like Ethereum and other blockchains. Today, those networks are primarily used for trading and lending crypto assets, including new varieties like nonfungible tokens, or NFTs, and stablecoins, which are designed to maintain a fixed value.</p><p>But all sorts of other financial products and services could live on blockchains, potentially reducing the economic friction now associated with cross-border payments and transaction fees for goods and services. &#34;Blockchains have the potential to clear and settle transactions in a much more efficient way than traditional technology,&#34; says Sarah Hammer, an adjunct professor at the University of Pennsylvania Law School who specializes in crypto.</p><p>One example of Web3 already in practice is Filecoin, a crypto-powered storage network. Rather than storing files on cloud-based servers -- where they are ultimately controlled by a handful of big-tech operators -- they can be distributed and encrypted on personal hard drives with spare capacity. Testimonies of Holocaust and other genocide survivors are being preserved through Filecoin.</p><p>&#34;It&#39;s like Airbnb for file storage,&#34; says Marta Belcher, president and chair of the Filecoin Foundation. &#34;If you have extra space on your hard drive, you can rent it out. We think of it as the foundation for the next generation of the internet.&#34;</p><p>Filecoin may just scratch the surface of decentralized technologies. Projects like Helium aim to challenge telecom networks by distributing long-range Wi-Fi hot spots to individuals, giving financial incentives and payments for data traffic in tokens. NFTs allow for property rights, licensing agreements, and royalties to be traced and tracked. That opens up avenues for NFTs to become conduits for things like mortgages, car ownership titles, diplomas, and concert tickets. &#34;There&#39;s an infinite number of things you can do with a computer, and that&#39;s equivalent to what you can do with an NFT,&#34; says Gui Karyo, chief information officer of Dapper Labs, a leading NFT company.</p><p>Ideally, Web3 advocates say, the technology will lay the foundations for a more egalitarian web where the &#34;rents&#34; now charged by intermediaries will be more widely distributed. &#34;We should be moving to an internet where your digital property rights are genuine -- you&#39;re not a serf on Jack Dorsey&#39;s or Mark Zuckerberg&#39;s plantation; you own your homestead,&#34; says Nic Carter, a venture-capital investor in Web3 start-ups at Castle Island Ventures.</p><p>Silicon Valley&#39;s biggest and most successful venture-capital firms are investing heavily. &#34;Programmable blockchains are sufficiently advanced, and a diverse range of apps have reached tens of millions of users,&#34; a16z&#39;s Dixon said in a post this past week. Tokens also give users &#34;property rights: the ability to own a piece of the internet,&#34; he said in an previous post on Web3.</p><p>Web3 overlaps with the metaverse, another of tech&#39;s hottest topics before the recent selloff. The metaverse foresees a new internet based on virtual realities, online avatars, and new ways for people to socialize and work.</p><p>Facebook rebranded itself as Meta Platforms, betting that its Instagram, Facebook, and WhatsApp could become Web2 relics without help from blockchains, cryptos, and NFTs, which could grant consumers more control of their digital lives. Meta is now working on incorporating NFTs into Instagram. The currencies of digital worlds, whether for gaming, social, or e-commerce, are likely to be stablecoins -- digital tokens aimed at holding a peg to a dollar.</p><p>Yet Facebook&#39;s move is a reminder that the Web2 giants aren&#39;t sitting still. In the end, Web3 is unlikely to displace them. Indeed, there&#39;s good reason to think Web3 won&#39;t be all that decentralized. For one, it&#39;s being funded by many of the same entities that built Web2.</p><p>A16z, formally called Andreessen Horowitz, was an early investor in many Web2 stalwarts, including Facebook, Box, Lyft, and Pinterest.</p><p>Now, the firm owns stakes in dozens of crypto start-ups, including OpenSea and Dapper Labs, along with decentralized-finance, or DeFi, platforms including Ava Labs, Uniswap Labs, dYdX, and Compound. These DeFi platforms consist of &#34;smart contracts&#34; that set the conditions of a trade, cutting out intermediaries like a brokerage or centralized exchange.</p><p>VC firms aren&#39;t making investments based on sheer goodwill. They expect returns on capital and are likely to maintain stakes through token ownership or warrants. The platforms themselves may be decentralized, in the sense that anyone with some technical skills can write a &#34;permissionless&#34; smart contract and execute a trade without a broker/dealer. But that doesn&#39;t mean the platform isn&#39;t owned or governed by a corporate entity.</p><p>That rubs some tech gurus the wrong way. <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> co-founder Jack Dorsey stirred up an online frenzy last December when he tweeted, &#34;You don&#39;t own &#39;web3.&#39; The VCs and their LPs do,&#34; referring to venture-capital firms and their investors known as limited partners. &#34;It&#39;s ultimately a centralized entity with a different label.&#34;</p><p>Representatives for Dorsey and a16z declined to comment.</p><p>Crypto is proving enticing to VC firms partly because of the attractive &#34;tokenomics.&#34; For a traditional VC deal, the path from initial funding to exit usually takes five to seven years. In crypto, that timeline can be compressed to just two years, with VCs exiting their investment when a token goes live on an exchange or takes off on a DeFi platform.</p><p>&#34;You have a very short time to liquidity -- often it&#39;s like 24 months -- so even if the business doesn&#39;t pan out, you can still exit,&#34; says Carter. &#34;That&#39;s why crypto is so popular with VCs; even your losers can get liquidity, and you can exit before a product comes out.&#34;</p><p>The nebulous nature of Web3 is also alluring for early backers. &#34;There&#39;s no definition, and that&#39;s deliberate,&#34; says Carter, who backs crypto start-ups. &#34;If something is poorly defined, as an entrepreneur you can claim you&#39;re building it even if you&#39;re not. The lack of codification works to the benefit of people in the industry.&#34;</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSTR":"MicroStrategy","BK4571":"数字音乐概念","COIN":"Coinbase Global, Inc.","BK4534":"瑞士信贷持仓","BK4567":"ESG概念","BK4507":"流媒体概念","GOOGL":"谷歌A","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4576":"AR","BK4525":"远程办公概念","BK4566":"资本集团","BK4575":"芯片概念","GOOG":"谷歌","BK4535":"淡马锡持仓","BK4524":"宅经济概念","BK4508":"社交媒体","BK4538":"云计算","BK4527":"明星科技股","BK4559":"巴菲特持仓","BK4501":"段永平概念","BK4077":"互动媒体与服务","BK4579":"人工智能","BK4550":"红杉资本持仓","BK4122":"互联网与直销零售","BK4503":"景林资产持仓","BK4551":"寇图资本持仓","BK4574":"无人驾驶","META":"Meta Platforms, Inc.","BK4573":"虚拟现实","BK4097":"系统软件","BK4561":"索罗斯持仓","BK4505":"高瓴资本持仓","BK4581":"高盛持仓","BK4504":"桥水持仓","BK4512":"苹果概念","BK4112":"金融交易所和数据","BK4548":"巴美列捷福持仓","BK4514":"搜索引擎","SQ":"Block","MSFT":"微软","BK4539":"次新股","BK4528":"SaaS概念","BK4516":"特朗普概念","BK4106":"数据处理与外包服务","PYPL":"PayPal","BK4532":"文艺复兴科技持仓","BK4554":"元宇宙及AR概念","BK4515":"5G概念","BK4553":"喜马拉雅资本持仓"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2238520329","content_text":"Early this year when anything still seemed possible for technology companies, futurists and venture capitalists were enthralled with the idea of building a new internet. Web3, as it became known, was poised to recapture the 1990s promise of a decentralized internet, free from gatekeepers and trillion-dollar platforms.Cryptocurrencies had the starring role in the Web3 dream. Crypto, in theory, could wrest control from giants like Meta Platforms (ticker: FB), Alphabet $(GOOGL)$, Amazon.com $(AMZN)$, and Apple $(AAPL)$. It would shift our online activities to blockchains -- handling everything from payments and trading to videogaming, social media, even real estate. It could also shift the economics to users, giving them financial incentives to govern and secure the networks.A record $25 billion was plowed into crypto start-ups last year, with another $30 billion on track for this year, according to Bank of America. Even the recent downturn in crypto doesn't seem to have chilled new investment. This past week, venture-capital firm a16z announced a new crypto fund totaling $4.5 billion.\"We think we are now entering the golden era of web3,\" a16z partner Chris Dixon wrote in announcing the investment.And yet Web3 remains a heavy lift -- it's full of contradictions, glitchy technology, regulatory uncertainty, and competing economic interests. There's debate over who will \"own\" it -- companies backed by Silicon Valley venture capital, or the users themselves. And the crypto markets' downturn -- wiping out more than $1 trillion in value for tokens this year -- makes a blockchain-based web even harder to fathom.In the near term, Web3 may be a casualty of a tech backlash that has sent the Nasdaq Composite index down more than 25% this year. Crypto-related stocks have tanked, including Coinbase Global $(COIN)$ and Microstrategy $(MSTR)$, and payment apps Block (SQ) and PayPal Holdings (PYPL). Among crypto start-ups, investment is harder to come by, and valuations are falling. Morgan Stanley forecasts that failure rates will rise.Crypto fans talking up Web3 as a revolution face pushback from critics who see it as a marketing gimmick. In the end, Web3 is likely to fall somewhere in between.\"We may have to go through one or two hype cycles before the most important elements of the technology break through,\" says Gavin Wood, a co-founder of the Ethereum blockchain and head of another blockchain enterprise called Polkadot. As he sees it, Web3 today is where the internet was in 1998 -- early in its adoption but with vast potential and boom-bust cycles ahead.\"Web3 is the next generation of the internet with capabilities that go well beyond what we have today,\" says Mark Palmer, a digital-asset analyst at brokerage BTIG. \"But the citizenry is not rising up to overthrow Web2.\"Understanding Web3 requires a dip in the hot-tub time machine. Web1, the first generation from the 1990s, was based on static pages and directories that served as the first internet indexes. Web1's dial-up services, browsers, and banner ads evolved into the more modern internet, which came to be known as Web2. Companies like Amazon, Meta, Alphabet, Apple, and Microsoft $(MSFT)$ now oversee the core of our web experiences. Walled gardens like Instagram, YouTube, and Apple's App Store prevail. Digital assets like videogame avatars and social-media followings sit on platforms owned by the giants.In some ways, Web3 aims to turn back the clock, cutting out the intermediaries and dispersing apps, services, and digital assets on decentralized networks like Ethereum and other blockchains. Today, those networks are primarily used for trading and lending crypto assets, including new varieties like nonfungible tokens, or NFTs, and stablecoins, which are designed to maintain a fixed value.But all sorts of other financial products and services could live on blockchains, potentially reducing the economic friction now associated with cross-border payments and transaction fees for goods and services. \"Blockchains have the potential to clear and settle transactions in a much more efficient way than traditional technology,\" says Sarah Hammer, an adjunct professor at the University of Pennsylvania Law School who specializes in crypto.One example of Web3 already in practice is Filecoin, a crypto-powered storage network. Rather than storing files on cloud-based servers -- where they are ultimately controlled by a handful of big-tech operators -- they can be distributed and encrypted on personal hard drives with spare capacity. Testimonies of Holocaust and other genocide survivors are being preserved through Filecoin.\"It's like Airbnb for file storage,\" says Marta Belcher, president and chair of the Filecoin Foundation. \"If you have extra space on your hard drive, you can rent it out. We think of it as the foundation for the next generation of the internet.\"Filecoin may just scratch the surface of decentralized technologies. Projects like Helium aim to challenge telecom networks by distributing long-range Wi-Fi hot spots to individuals, giving financial incentives and payments for data traffic in tokens. NFTs allow for property rights, licensing agreements, and royalties to be traced and tracked. That opens up avenues for NFTs to become conduits for things like mortgages, car ownership titles, diplomas, and concert tickets. \"There's an infinite number of things you can do with a computer, and that's equivalent to what you can do with an NFT,\" says Gui Karyo, chief information officer of Dapper Labs, a leading NFT company.Ideally, Web3 advocates say, the technology will lay the foundations for a more egalitarian web where the \"rents\" now charged by intermediaries will be more widely distributed. \"We should be moving to an internet where your digital property rights are genuine -- you're not a serf on Jack Dorsey's or Mark Zuckerberg's plantation; you own your homestead,\" says Nic Carter, a venture-capital investor in Web3 start-ups at Castle Island Ventures.Silicon Valley's biggest and most successful venture-capital firms are investing heavily. \"Programmable blockchains are sufficiently advanced, and a diverse range of apps have reached tens of millions of users,\" a16z's Dixon said in a post this past week. Tokens also give users \"property rights: the ability to own a piece of the internet,\" he said in an previous post on Web3.Web3 overlaps with the metaverse, another of tech's hottest topics before the recent selloff. The metaverse foresees a new internet based on virtual realities, online avatars, and new ways for people to socialize and work.Facebook rebranded itself as Meta Platforms, betting that its Instagram, Facebook, and WhatsApp could become Web2 relics without help from blockchains, cryptos, and NFTs, which could grant consumers more control of their digital lives. Meta is now working on incorporating NFTs into Instagram. The currencies of digital worlds, whether for gaming, social, or e-commerce, are likely to be stablecoins -- digital tokens aimed at holding a peg to a dollar.Yet Facebook's move is a reminder that the Web2 giants aren't sitting still. In the end, Web3 is unlikely to displace them. Indeed, there's good reason to think Web3 won't be all that decentralized. For one, it's being funded by many of the same entities that built Web2.A16z, formally called Andreessen Horowitz, was an early investor in many Web2 stalwarts, including Facebook, Box, Lyft, and Pinterest.Now, the firm owns stakes in dozens of crypto start-ups, including OpenSea and Dapper Labs, along with decentralized-finance, or DeFi, platforms including Ava Labs, Uniswap Labs, dYdX, and Compound. These DeFi platforms consist of \"smart contracts\" that set the conditions of a trade, cutting out intermediaries like a brokerage or centralized exchange.VC firms aren't making investments based on sheer goodwill. They expect returns on capital and are likely to maintain stakes through token ownership or warrants. The platforms themselves may be decentralized, in the sense that anyone with some technical skills can write a \"permissionless\" smart contract and execute a trade without a broker/dealer. But that doesn't mean the platform isn't owned or governed by a corporate entity.That rubs some tech gurus the wrong way. Twitter co-founder Jack Dorsey stirred up an online frenzy last December when he tweeted, \"You don't own 'web3.' The VCs and their LPs do,\" referring to venture-capital firms and their investors known as limited partners. \"It's ultimately a centralized entity with a different label.\"Representatives for Dorsey and a16z declined to comment.Crypto is proving enticing to VC firms partly because of the attractive \"tokenomics.\" For a traditional VC deal, the path from initial funding to exit usually takes five to seven years. In crypto, that timeline can be compressed to just two years, with VCs exiting their investment when a token goes live on an exchange or takes off on a DeFi platform.\"You have a very short time to liquidity -- often it's like 24 months -- so even if the business doesn't pan out, you can still exit,\" says Carter. \"That's why crypto is so popular with VCs; even your losers can get liquidity, and you can exit before a product comes out.\"The nebulous nature of Web3 is also alluring for early backers. \"There's no definition, and that's deliberate,\" says Carter, who backs crypto start-ups. \"If something is poorly defined, as an entrepreneur you can claim you're building it even if you're not. The lack of codification works to the benefit of people in the industry.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":815,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}