The Evolution of Web3: Moving Towards a Delegated Future
Exploring the transformation of the Web3 landscape and its implications for AI and the future of the internet.
The Evolution of Web3: Moving Towards a Delegated Future
The last decade of Web3 has conditioned a robust framework of distributed architecture and incentive mechanisms. While these aspects may be too complex for individuals to manage independently, they are poised for future use with AI and an agent-driven internet, according to Jamie Burke, Chairman of Outlier Ventures.
Recent shifts in the markets indicate that it may be time for innovators to focus on advancing Web3. With growth returning, the focus has turned to the next phase of Web3 development.
Our analysis finds that if we examine the decade of Web3, we see a hardening of the technology stack, positioning it for AI’s entry into the digital landscape.
Quote: "We are evolving from just 'Read, Write, Own' to 'Read, Write, Own, Delegate,' creating an internet designed for agents."
Translation: "Estamos evolucionando de 'Leer, Escribir, Poseer' a 'Leer, Escribir, Poseer, Delegar', creando un internet diseñado para agentes."
Today, a mere 5% of individuals globally utilize cryptocurrency, and only 1% of internet users engage with decentralized finance (DeFi) applications.
The internet we navigate today is optimized for capturing and commodifying attention, often through complex algorithms designed for advertisers. This raises the question: Why has Web3 struggled to gain traction?
Despite innovations, Web3 remains out of reach for most individuals, often feeling like an abruptly halted journey. The current era of AI is changing user interface dynamics, making them more intuitive and capable of undertaking complex tasks.
As we transition from an attention economy to one based on intention—where agents fulfill our needs based on intent—Web3 can facilitate a digital environment where economic activities are delegated to machines.
The imperative for providing AI with genuine economic agency reflects a growing demand for frameworks that enable economic exchanges between agents on blockchains. The implication being, Web3's true innovations may serve more as protocols for machines rather than direct tools for everyday users.
Conclusion
Through ongoing collaboration and discourse with key industry players, we strive to distill this future into actionable strategies and insights, paving the way for a comprehensive understanding of what a Post Web future entails.
