BTC will break $32K soon？Vitalik is heading for AI | Web3 News

Web3.0: Web3.0, also known as Web3, refers to the next generation of the internet that incorporates decentralized technologies such as blockchain, cryptocurrencies, and peer-to-peer networks. Web3.0 aims to empower users with more control over their data, privacy, and online interactions. It envisions a more open, transparent, and user-centric internet. Decentralization: Decentralization refers to the distribution of control and decision-making across a network, rather than being held by a central authority. In the context of Web3 and blockchain, decentralization is a key principle that aims to eliminate the need for intermediaries and allows participants to have more control over their data and transactions. Smart Contract: A smart contract is a self-executing contract with the terms of the agreement directly written into code. Smart contracts are deployed on blockchain platforms and automatically execute predefined actions when certain conditions are met. They enable trustless and transparent interactions between parties. Decentralized Finance (DeFi): Decentralized Finance (DeFi) refers to the use of blockchain technology and smart contracts to recreate traditional financial systems in a decentralized manner. DeFi aims to provide financial services such as lending, borrowing, and trading without the need for intermediaries like banks. It enables greater accessibility and transparency in financial transactions. Non-Fungible Token (NFT): A Non-Fungible Token (NFT) is a unique digital asset that represents ownership or proof of authenticity of a specific item or piece of content. NFTs have gained popularity in the art and collectibles space. Each NFT has a unique identifier and cannot be exchanged on a one-to-one basis like cryptocurrencies. Interoperability: Interoperability refers to the ability of different blockchain networks or systems to communicate and interact with each other seamlessly. It is important for enabling data and asset transfer between different blockchains and ensuring compatibility between various chains. Consensus Mechanism: A consensus mechanism is a protocol or algorithm used to achieve agreement among participants in a distributed network. Consensus mechanisms ensure that all nodes in a blockchain network agree on the validity of transactions and the order in which they are added to the blockchain. Examples include Proof of Work (PoW) and Proof of Stake (PoS). Proof of Work (PoW): Consensus mechanism where miners solve complex puzzles to validate transactions, ensuring security and immutability by making tampering computationally expensive. Proof of Stake (PoS): Consensus mechanism where validators create blocks based on staked cryptocurrency, promoting energy efficiency, scalability, and faster block validation without intensive computational puzzles. Distributed Ledger Technology (DLT): Distributed Ledger Technology (DLT) is a broader term that encompasses blockchain technology. It refers to a decentralized and distributed database that records and stores transactions across multiple nodes or computers. Blockchain is a specific type of DLT. Cryptocurrency: Cryptocurrency is a digital or virtual form of currency that uses cryptography for security. It operates on decentralized networks, typically based on blockchain technology. Examples of cryptocurrencies include Bitcoin (BTC) and Ethereum (ETH). Gas: Gas refers to the unit of measurement for the computational effort required to execute transactions or smart contracts on the Ethereum blockchain. Gas is paid in Ether (ETH) and helps prevent spam and abuse by requiring users to pay for the computational resources they consume. Oracles: Oracles are services or mechanisms that provide external data to smart contracts on the blockchain. They act as bridges between the blockchain and the real world, enabling smart contracts to interact with off-chain data sources, such as APIs, to make informed decisions and trigger actions based on real-time information. Cross-Chain: Cross-chain refers to the ability to transfer assets or data between different blockchain networks. It involves interoperability and allows users to move assets seamlessly across different blockchains, facilitating increased liquidity and expanding the possibilities for decentralized applications. Decentralized Autonomous Organization (DAO): A Decentralized Autonomous Organization (DAO) is an organization that operates through smart contracts on a blockchain. It is governed by a set of predefined rules and decisions are made through voting by token holders. DAOs aim to eliminate the need for traditional hierarchical structures and allow for decentralized decision-making. Layer 2 Scaling: Layer 2 scaling solutions are techniques or protocols built on top of existing blockchains to improve scalability and increase transaction throughput. They aim to handle a larger number of transactions off-chain or in a more efficient manner, reducing congestion and lowering transaction costs. Examples of layer 2 scaling solutions include state channels and sidechains. Decentralized Autonomous Organization (DAO): A Decentralized Autonomous Organization (DAO) is an organization that operates through smart contracts on a blockchain. It is governed by a set of predefined rules and decisions are made through voting by token holders. DAOs aim to eliminate the need for traditional hierarchical structures and allow for decentralized decision-making. Layer 2 Scaling: Layer 2 scaling solutions are techniques or protocols built on top of existing blockchains to improve scalability and increase transaction throughput. They aim to handle a larger number of transactions off-chain or in a more efficient manner, reducing congestion and lowering transaction costs. Examples of layer 2 scaling solutions include state channels and sidechains. Permissionless: Permissionless refers to the openness and accessibility of a blockchain network or protocol. In a permissionless network, anyone can participate, validate transactions, and contribute to the network without requiring explicit permission. This characteristic is a fundamental aspect of many blockchain networks, enabling anyone to join and interact with the network without needing approval from a central authority. Hard Fork: A hard fork is a type of upgrade or change to a blockchain protocol that is not backward compatible with older versions. It requires all participants in the network to upgrade to the new version in order to continue participating. Hard forks can result in a split in the blockchain, creating two separate chains with different rules and potentially leading to the creation of a new cryptocurrency. Halving: Halving is an event that occurs in some cryptocurrencies, such as Bitcoin, where the block reward for miners is reduced by half after a certain number of blocks are mined. This event is programmed into the cryptocurrency’s protocol and is designed to control the issuance of new coins and create scarcity over time. Hashing Algorithm: Hashing is a process used in computing to generate a unique and fixed-size string of characters (hash) from input data of any size. In the context of blockchain, hashing is used to create a digital fingerprint of data, such as transactions or blocks, ensuring their integrity and allowing for easy verification. Hashes are used to confirm the completeness and validity of blockchain transactions. Censorship Resistance: Censorship resistance refers to the ability of a system or platform to resist censorship or control by centralized authorities. In Web3, blockchain-based platforms provide censorship resistance by decentralizing control and allowing users to have ownership and control over their data and transactions. This enables freedom of expression and protects against arbitrary censorship or manipulation. Decentralized Exchange (DEX): A decentralized exchange is a type of cryptocurrency exchange that operates on a blockchain network without the need for intermediaries or a central authority. DEXs allow users to trade cryptocurrencies directly with each other, using smart contracts for order matching and execution. They provide increased privacy, security, and control over assets compared to centralized exchanges. Immutable Ledger: An immutable ledger refers to a blockchain’s characteristic of being tamper-resistant and unchangeable once data is added to it. Once a transaction or data is recorded on the blockchain, it becomes part of a permanent and transparent history that cannot be altered or deleted. This property ensures the integrity and trustworthiness of the data stored on the blockchain. Decentralized Exchange (DEX): A decentralized exchange is a type of cryptocurrency exchange that operates on a blockchain network without the need for intermediaries or a central authority. DEXs allow users to trade cryptocurrencies directly with each other, using smart contracts for order matching and execution. They provide increased privacy, security, and control over assets compared to centralized exchanges. Token Standards: Token standards are specific protocols or sets of rules that define the functionality and behavior of tokens on a blockchain. Examples of token standards include ERC-20 for fungible tokens, ERC-721 for non-fungible tokens (NFTs), and ERC-1155 for multi-token standards. Token standards ensure interoperability and compatibility between different tokens and enable developers to build applications that interact with tokens in a standardized way. Decentralized File Storage: Decentralized file storage refers to the storage of data on a distributed network of nodes, rather than relying on a centralized server or provider. Blockchain-based decentralized file storage systems, such as IPFS (InterPlanetary File System) or Filecoin, allow users to store and retrieve data in a secure, distributed, and censorship-resistant manner. Tokenomics: Tokenomics refers to the economic design and structure of a cryptocurrency or token ecosystem. It encompasses factors such as token supply, distribution, utility, governance mechanisms, and incentives. Tokenomics aims to create a sustainable and balanced ecosystem that aligns the interests of token holders, users, and other stakeholders in the network. Zero-knowledge proofs (ZKPs): ZKPs are cryptographic protocols that allow one party (the prover) to prove the knowledge of a certain piece of information to another party (the verifier) without revealing the actual information itself. The goal of zero-knowledge proofs is to convince the verifier of the truthfulness of a statement without disclosing any additional information beyond the validity of the statement. Ethereum: Ethereum is an open-source, blockchain-based platform that enables developers to build and deploy decentralized applications (dApps). It was proposed by Vitalik Buterin in late 2013 and development was crowdfunded in 2014. Ethereum’s blockchain is fundamentally different from Bitcoin’s blockchain. While Bitcoin’s blockchain is used to track ownership of digital currency (bitcoins), the Ethereum blockchain focuses on running programming code of any decentralized application Bitcoin: Bitcoin, often described as a cryptocurrency, a virtual currency or a digital currency, is a type of money that is completely virtual. It’s like an online version of cash. You can use it to buy products and services, but not many shops accept Bitcoin yet and some countries have banned it altogether. Bitcoin was the first cryptocurrency and remains the most important in the market. It was invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto. ICO: ICO stands for Initial Coin Offering and it’s often used as a fundraiser for new projects. This is where a company looking to raise money to create a new coin, app, or service launches an ICO as a way to raise funds. People who buy into the ICO receive a certain number of tokens in return. ICOs are often compared to IPOs (Initial Public Offerings), but there are some significant differences Public Key: In the world of cryptocurrencies, a public key represents a point on a particular Elliptic Curve (EC) defined in secp256k1. Public keys contain an identification byte, a 32-byte X coordinate, and a 32-byte Y coordinate. They are used in Bitcoin and other cryptocurrencies for generating addresses where funds can be seen Private Key: In cryptocurrencies, a private key allows a user to gain full access to their wallet. The person who holds the private key fully controls the coins in that wallet. For this reason, it should be kept secret. Formally, a private key for Bitcoin (and many other cryptocurrencies) is a series of 32 bytes Stablecoin: Stablecoins are a type of cryptocurrency designed to minimize volatility, a common issue with cryptocurrencies like Bitcoin. They achieve this stability by pegging their market value to an external reference, usually a fiat currency like the US dollar, or a commodity like gold. Some stablecoins maintain reserve assets as collateral, while others use algorithmic formulas to control supply. The primary purpose of stablecoins is to provide a more suitable option for common transactions. Altcoin: The term altcoin refers to all cryptocurrencies other than Bitcoin and, for some, Ethereum. These alternative cryptocurrencies come in various types, each designed for different purposes. While the future value of altcoins is unpredictable, as long as the blockchain they were designed for continues to be used and developed, the altcoins will continue to exist. It’s important to note that while many altcoins offer potential investment opportunities, some are scams or have lost developer and community interest Mainnet: It refers to the main blockchain network of a cryptocurrency, where real transactions and operations take place. It is the live and production-ready network where actual value is exchanged. Mainnet is typically used for real-world applications, and transactions on the mainnet involve real cryptocurrencies. Testnet: on the other hand, is a separate network specifically designed for testing and development purposes. It mimics the functionalities of the mainnet but uses test tokens or simulated cryptocurrencies that have no real-world value. Testnets allow developers and users to experiment, validate, and debug their applications without risking real funds. It provides a safe environment for testing new features, smart contracts, and conducting simulations before deploying on the mainnet. Testnets are crucial for ensuring the reliability and security of applications before they are deployed to the production-ready mainnet. Remix IDE: is an online development environment for writing, testing, and deploying smart contracts on the Ethereum blockchain. It provides a user-friendly interface with a built-in code editor, compiler, debugger, and deployment tools. Remix IDE allows developers to write Solidity smart contracts, interact with contracts using a web3 provider, and test their code using various tools and plugins. It is a popular choice for Ethereum developers due to its simplicity and comprehensive features. Infura/Alchemy: It is a popular service that provides infrastructure and API endpoints for connecting to the Ethereum blockchain. It acts as a web3 provider, allowing developers to interact with the Ethereum network without running a full Ethereum node. Infura simplifies the development process by providing reliable and scalable access to the Ethereum blockchain, eliminating the need for developers to set up and maintain their own infrastructure. It offers various API endpoints, including JSON-RPC and WebSocket, which developers can use to send transactions, retrieve data, and interact with smart contracts. Infura is widely used by developers to integrate Ethereum functionality into their applications and services. Mining: Mining is the process of validating and adding new transactions to a blockchain. It involves solving complex mathematical puzzles to find a new block, which contains a set of transactions. Miners compete with each other to solve these puzzles by using computational power, and the first miner to find the solution gets rewarded with newly minted cryptocurrency tokens. Mining ensures the security, integrity, and decentralization of a blockchain network by preventing double-spending and maintaining consensus among participants. Tokenization: Tokenization is the process of representing real-world assets or rights as digital tokens on a blockchain. It allows for fractional ownership, increased liquidity, and easier transfer of assets. Tokenization has applications in areas such as real estate, art, and finance. Immutable: Immutable means that something is unchangeable or cannot be altered or tampered with. In the context of blockchain, immutability refers to the property of data stored on the blockchain that cannot be modified once it is added to the chain. This ensures the integrity and trustworthiness of the data. Merkle Tree: A hierarchical data structure that enables efficient verification and integrity checks of large datasets. It uses cryptographic hashing to create a tree structure where each node represents the hash of its child nodes, providing an efficient way to verify the integrity of specific data without needing to examine the entire dataset. Byzantine Fault Tolerance: The ability of a distributed system to reach a consensus even in the presence of malicious or faulty nodes. It ensures system resilience by employing redundancy, replication, and consensus algorithms to tolerate failures and prevent malicious actors from compromising the integrity and reliability of the system. ICO (Initial Coin Offering): A fundraising method used by cryptocurrency projects to raise capital. It involves issuing and selling tokens to investors in exchange for cryptocurrencies or fiat currencies, providing early access to the project’s tokens and potential returns on investment. Whitepaper: A detailed document that outlines the concept, technology, goals, and implementation plan of a cryptocurrency project. It provides an in-depth analysis of the project’s vision, technical specifications, tokenomics, and potential impact, serving as a comprehensive guide for investors and stakeholders. Yellowpaper: Similar to a whitepaper, a yellowpaper is a technical document that provides a deeper technical understanding of a cryptocurrency project. It typically delves into the underlying protocols, algorithms, and technical intricacies of the project, providing detailed explanations and specifications for developers and researchers. Fork: A divergence in the blockchain where a single chain splits into two separate chains, resulting in two different versions of the blockchain. Soft Fork: A backward-compatible upgrade to the blockchain protocol where the new rules are more restrictive than the old rules, allowing the new blocks to be accepted by both old and new nodes. Hard Fork: A non-backward-compatible upgrade to the blockchain protocol where the new rules are more permissive than the old rules, resulting in a permanent divergence in the blockchain and two separate chains that are incompatible with each other. XWORLD, a pioneering Web3 App Store, provides a safe and trustworthy platform for users to explore a wide range of dApps and discover the treasure trove of Web3. Visit the XWORLD website (www.xworld.pro) and follow Twitter (https://twitter.com/xworld_pro) to learn more about this exciting platform and embark on your Web3 journey today! Join our community for more: Website | Twitter | Instagram | Facebook |Litepaper Enjoy Your Passionate Game Time, Every Second Becomes Your Income.

Nicola Sebastiani, who previously worked at Ubisoft and PlayStation, is joining The Sandbox to lead its creator economy push. Nicola Sebastiani (left) and The Sandbox co-founder Sebastien Borget. Image: The Sandbox Voxel-style NFT gaming platform The Sandbox has hired game industry veteran Nicola Sebastiani to be its chief content officer and help develop the crypto-forward company’s creator economy, the firm announced Tuesday. Sebastiani has worked in the gaming industry for years, from a role on Ubisoft’s mobile team to co-founding the Apple Arcade subscription service for the App Store, and ultimately leading PlayStation’s mobile strategy over the last two years. Now he has moved into the Web3 world with The Sandbox. “I think that we are at a historical shift in gaming,” Sebastiani told Decrypt in an interview. “We are fully entering the creator economy.” Sebastiani believes that user-generated content, or UGC, is a gaming trend that will continue to gain popularity. And while The Sandbox primarily offers mini-games and gaming experiences within its broader platform, Sebastiani said that he wants players to feel free to use the platform however they like, whether it’s for socializing or experimentation. “I really think of us as a social platform,” Sebastiani said of The Sandbox. In addition to the game’s creator economy, Sebastiani will also oversee game publishing, internal game production, and the development of The Sandbox tools Game Maker and VoxEdit at the company. Compared to rival platforms in the broader gaming industry like Roblox, Fortnite, and Minecraft, The Sandbox requires some knowledge and use of crypto and NFTs to fully experience. Users can connect their crypto wallets, purchase in-game items with its SAND token, and buy virtual land NFTs to build on and play within. “I think it’s critical to The Sandbox as far as ownership, as far as giving creators and players leverage on their achievements, what they build,” Sebastiani said of the platform’s crypto elements. A major step toward empowering creators is giving them the ability to publish and potentially monetize their own experiences. Sandbox players will finally be able to build and self-publish their experiences by the end of this year, according to the company. The Sandbox, which has seen roughly 4.5 million registered crypto wallets, takes a 5% platform fee which Sebastiani said “is reinvested in the community” via different methods such as the company’s Game Makers Fund. By comparison, Epic Games currently takes 12% of creator revenue, Roblox takes 30%, and rival NFT-powered platform Decentraland takes 2.5% of creator revenue. The Sandbox saw approximately 3,840 unique active wallets engage with the platform in the past month, generating a total of $2.26 million in total volume traded according to data from crypto analytics firm DappRadar. Decentraland saw about 2,770 unique wallets generating roughly $19,880. Overall, crypto-powered game platforms remain much smaller than industry titans like Roblox, which boasts over 200 million monthly active players. Epic’s Fortnite sees similar numbers, with about 230 million monthly active users as the platform increasingly shifts toward emphasizing its user-generated content. The Sandbox and other crypto-powered metaverse platforms may have to continue to appeal to creators to stay competitive as the creator economy evolves. Goldman Sachs predicted earlier this year that the $250 billion creator economy will continue to grow, and could swell to become a $480 billion industry within the next three years. XWORLD New-Gen Games & Apps Monetization Platform Earn Profits & Assets from Your App Usage Time

XWORLD is taking a bold step forward with the launch of its latest campaign aimed at driving mass adoption of Web3. This initiative not only highlights the company’s innovative ROI flywheel model but also introduces new features that seamlessly integrate Web2 and Web3 user experiences. With 5.4 million users and 600,000 daily active users already engaged, XWORLD is set to accelerate its growth trajectory by offering unprecedented transparency and a fair profit distribution model. This new approach promises to bridge the gap between Web2 users and the advanced world of Web3 — without users even realizing they’ve made the transition. To truly understand the potential of XWORLD's approach, we need to explore the broader context of Web3 mass adoption and how strategies from successful Web2 platforms like TikTok can offer valuable lessons for growth in the Web3 era. The Road to Web3 Mass Adoption The term "Mass Adoption" has become a buzzword in the tech industry, especially in discussions about Web3. Everyone is eager to see Web3 technologies reach their full potential, but the transition from Web2 to Web3 has been slow. While some efforts like GameFi, SocialFi, and AA wallets have been launched, they haven't quite hit the mark yet. Many blame inadequate infrastructure, but the true reason lies deeper. To fully understand the issue, we must define the goal of Mass Adoption: converting Web2 users to Web3 without them even realizing it. Success in Web3 should not depend on whether a product is labeled "Web2" or "Web3". Instead, Web3 companies must learn from the success of Web2 platforms, such as TikTok, and develop sustainable growth strategies. A perfect model for this is the ROI flywheel — an approach that has already proven its effectiveness in the Web2 world. The Rise of TikTok and What Web3 Can Learn TikTok's meteoric rise to fame is an excellent case study for understanding user acquisition. Within its first few months, TikTok attracted over 50 million monthly active users. Just two years later, by 2019, it had an astounding 250 million daily active users (DAU) and 500 million monthly active users (MAU). TikTok's growth wasn't just due to its engaging content or superior features. In fact, its rapid expansion was fueled by a smart marketing strategy. TikTok invested heavily in user acquisition through digital advertising platforms like Google, applying a simple formula: spend money to acquire users, monetize them, and reinvest in acquiring more users. This continuous cycle of investment and returns formed a self-sustaining model, which we call the "ROI flywheel". The lesson for Web3? Success is not just about having a great product. It's about establishing a commercial loop that can drive user acquisition, retention, and monetization-much like TikTok's model. The ROI Flywheel Explained At its core, the ROI flywheel model is a growth strategy built on three pillars: 1. User Acquisition The first step is to acquire users through paid marketing or partnerships. The goal is to spend money to bring in users and then monetize them in a way that covers acquisition costs. Web2 platforms like TikTok used digital advertising to attract users at scale. Web3 platforms must adopt a similar approach but with added transparency and efficiency thanks to blockchain technology. 2. User Retention and Conversion Acquiring users is just the beginning. Keeping them engaged and turning them into loyal customers is the next challenge. TikTok mastered this through personalized content and excellent user experience. For Web3, the key will be creating products that users genuinely enjoy and want to keep using, without focusing too much on the technical aspects of Web3 itself. 3. Commercialization Finally, the monetization process. The more users you retain, the more opportunities you have to monetize. In Web2, this could be through ads, subscriptions, or partnerships. For Web3, tokenomics and blockchain transparency can enhance these monetization strategies, leading to better long-term growth. When combined, these three elements form a continuous loop that feeds into itself. More users mean more revenue, which can be reinvested to acquire even more users, accelerating growth. Challenges in Web3 and How XWORLD is Overcoming Them Web3 projects face unique challenges that Web2 companies did not. For instance, Web3 products often rely on task platforms (like Galxe) or social media (like Twitter) for user acquisition. While these platforms can be effective, they come with limitations. Task platforms often struggle to create sustainable business models, while sociall media promotion can lead to inflated user numbers without actual growth. XWORLD is different. By integrating a mature Web2 business model with the transparency and fairness of Web3, XWORLD is creating a closed-loop ROI flywheel that is poised to succeed. XWORLD's approach minimizes the reliance on traditional methods like airdrops or speculative tokens, which can often lead to unsustainable growth. Instead, XWORLD focuses on building a solid business foundation with strong monetization capabilities, which makes it easier to scale over time. With 5.4 million users and 600,000 daily active users, XWORLD's flywheel model is already proving its effectiveness. The Path to Mass Adoption To achieve mass adoption, Web3 needs more than just great technology. It requires products that people actually want to use, combined with an efficient growth strategy. XWORLD's model shows that by borrowing strategies from Web2-like the ROI flywheel — and applying them to Web3, it's possible to achieve sustainable growth. Mass adoption doesn't depend on whether a product is labeled as Web2 or Web3. Instead, it's about whether that product meets users' needs and whether the company behind it has a solid growth strategy in place. With its focus on game and application distribution, XWORLD is uniquely positioned to lead the way toward mass adoption. Conclusion Mass adoption is within reach, but only for companies that understand how to blend Web2 growth strategies with the unique advantages of Web3.XWORLD's integration of the ROI flywheel into its growth model is a perfect example of how this can be done effectively. By focusing on user acquisition, retention, and monetization, XWORLD is creating a scalable model that will drive Web3 into the future. As the industry evolves, it's clear that the next big wave of Web3 growth will come from those who can attract users without them even realizing they've entered the world of Web3. XWORLD's success in applying the ROI flywheel model offers valuable lessons for any Web3 project looking to achieve mass adoption Website | Twitter | Facebook | Telegram | Discord Unlock AD 3.0 – Profit from your influence, time, and online activities!