Web 3.0, the metaverse, the future of our internet.
What is it? Why are these topics such a buzzword lately?? How do you get in on the ground floor
of some of these game changing projects? Investing in the future of the internet?
Well we are gonna answer those questions and a few more. Because it’s time for Chico Crypto!!
So to begin…what is Web 3.0? Well it’s an all encompassing
sandwich term that describes version 3 of the internet. The decentralized web.
Now to understand this 3rd version, we need to understand the earlier
version of the web. Web1.0 and Web 2.0 So what was Web 1.0?
Web 1.0 refers to the first stage of the World Wide Web evolution. There were only a few
content creators in Web 1.0 and it was a content delivery network (CDN) that enabled the showcasing
of pieces of information on the websites. Personal web pages were common, consisting mainly of static
pages hosted on ISP-run web servers, or on free web hosting services. It had directories that
enabled users to retrieve a particular piece of information that was displayed on these web pages.
Web 2.0 is what we have today! It refers to worldwide websites which highlight user-generated
content, usability, and interoperability for end users. Another name for what we have today
is the participative social web due to users being able to participate in content delivery
through social networks like Facebook, Twitter and more. Web 2.0 does not refer to a modification to
any technical specification, but to modify the way Web pages are designed and used.
Now with Web 3.0 technical specification is being altered! This next version of the web
refers to the evolution of web utilization and interaction which includes altering
the Web into a database. It enables the up-gradation of the back-end of the web,
after a long time of focus on the front-end. Like I said it’s a sandwich term, web 3.0 as there are
many evolutions happening which are powered by decentralized technology including blockchain!
Things that will be powered by web 3.0? Well another buzzword I’m sure many of you have heard
lately. The Metaverse! So what is the metaverse? Well this is tough to explain for one reason:
it doesn’t necessarily exist yet. It’s partly a dream for the future of the internet
and partly a neat way to encapsulate some current trends in online infrastructure,
including the growth of real-time 3D worlds.
But the dreams of Web 3.0 and the Metaverse are beginning to take form and the beauty
of this version of the web is you can own a piece of it through tokenization!!
Yes, some of the biggest infrastructures for Web 3.0 infrastructure and metaverses are
being tokenized, which means a regular joe or jill can own a piece of the future web!!
Just imagine if you could have owned a piece of web 1.0 or web 2.0’s infrastructure!!
That vast pysical networks are worth in the trillions upon trillions of dollars… but it’s
not owned by the people instead owned by a small number of corporations and ISPs like Comcast.
Sooo let’s now talk about those web 3.0 and metaverse investments!! How do you
own a piece of this internet revolution?? Well let’s talk about infrastructure first.
Blockchains, those that can host smart contracts, are where web 3.0 applications and games are being
built. That includes the most dominant web 3.0 blockchain Ethereum. If you didn’t know
when Ethereum was first released it was described as the world's computer.
The Consensys article on this topic states “So what do we mean by world computer? In essence,
Ethereum simulates a perfect machine — a thing which could never exist in nature because of the
laws of physics, but which can be simulated by a large enough computer network. The network’s size
isn’t there to produce the fastest possible computer (although that may come later with
blockchain scaling) but to produce a universal computer which is accessible from anywhere by
anybody, and (critically!) which always gives the same results to everybody”
So how do you own a piece of Ethereum? Well in the past to be a part of it’s infrastructure and
share in the network's rewards, you would need to set up a computer to mine the network and process
blocks. But now with Ethereum moving to proof of stake this year, just by owning the token which
powers the network Ether, you can be a part of the blockchain instructure through proof of stake! Any
amount of Ethereum can be staked too decentralized with Pooling technologies like Rocket Pool.
Now there are other blockchains you can own which are having web 3.0 applications
built on top of them. Polkadot, Solana, Avalanche, Cosmos, Algorand, Fantom and more.
Investing in these blockchain infrastructure projects is the easiest way to invest in web 3.0
Now like I said Web 3.0 isn’t fully here yet, but there are parts of it showing their faces and one
of the most revolutionary concepts that is here has to do with gaming! Specifically Play to Earn!
Everyone knows Axle Infinity, it brought the play to earn revolution to the mainstream.
By playing the game you could earn money. By playing the game you earn
crypto tokens SLP and AXS. The more you play, the more you earn!! And they even leveled up
the amount you could make through Axie breeding. Breeding two axis together to make a new Axie,
which is an NFT and could be sold on open NFT marketplaces like Open Sea.
There are many other play to earn crypto games where you can earn some good money just by
playing the games. Gods Unchained the battle and trading card game,
DeFi Kingdoms and their in game token Jewel, the Sandbox, Townstar and more.but there is one that I
think is going to steal the Play to Earn thunder very, very soon…and those who get in early,
are going to make some big time gains, payed in Ethereum…but before we get into that
and more… it’s time for a sponsored segment of this video brought to you by the team over at
The vEmpire DDAO ... and like alway the details of our arrangement can be found in the description...
vEmpire, credited for their ability to recognise the Metaverse’s potential
before the masses, is essentially the Grayscale of the metaverse and your gateway to the metaverse.
They are a Democratic DAO and the world's largest decentralized NFT,
GameFi and Metaverse investment organization and the first to enable metaverse token
staking that currently supports five different Metaverse cryptocurrencies
as well as play to earn games on both their platform & within other Metaverses. vEmpire
was built to be dynamic and flexible and cross-chain and they’re moving fast.
vEmpire launched in the middle of last year and by the end of Q4 their staking strategies
produced truly astonishing results. vEmpire’s 2021 annualized profits were more than $18.5 million
and they had a price-earnings ratio of 1.44… this is 20 times lower than the
average company in the S&P 500 today and lower than the majority of most crypto projects.
vEmpire also generated an additional $500,000 in revenue thru NFT sales.
And no one in the space is doing what vEmpire is doing… and they’ll be hard to catch. vEmpire had
the foresight to acquire huge amounts of metaverse assets before the hype started. They purchased
over 85 parcels in the Sandbox, including five 3x3 plots as well as larger plots in prime locations…
purchased early on for only $50,000 a piece… these same plots are now valued at over $500k each.
But that’s just in the Sandbox, they also own 30 parcels in Decentraland and are the largest
land owners in the Shiba Inu ecosystem STARL… and they’re not done buying. This land buying strategy
helped vEmpire see annual gains as high as 963%. And vEmpires investment isn’t only in land…
they’ve also acquired hundreds of other high value NFT assets
including Axies and even the 250th rarest Bored Ape Yacht Club and multiple Mutant Apes.
vEmpire’s commitment to the Metaverse doesn’t end with purely investment operations alone. They’ll
also begin hosting both public events and private functions in some of the largest Metaverses
to help contribute to overall adoption. They provide scholarships to gamers and help facilitate
those who may not be able to afford to play these games pathways to start earning. They’re also
building P2E gaming on both their platform and within the metaverse. Users can expect a complete
P2E version of their first strategic trading card game called “The Beginning” very, very soon
as well as other games including, a third person Hack ‘n Slash on The Sandbox, later on this year.
vEmpire acts as a catalyst for growth in the Metaverse by enabling users to
invest in protocols and virtual real estate and NFTs that are financially out of reach
for the average investor and their first of it’s kind DeFi like staking strategies
giving users ways to earn passive income like never before. vEmpire has a community first focus
and have a treasure trove of resources to help you get going… visit their website and
twitter and make sure to join their discord where you can get all your questions answered
and even talk directly with founders. All the links can be found in the description.
Now back to the next big Play to Earn game…and that is
Illuvium!! Illuvium is AAA mashup of play to earn styles all in one game. #1 it’s
an open-world RPG adventure game where you journey across a vast and varied landscape
on your quest to hunt and capture deity-like creatures called Illuvials.
Kind of like hunting Pokemon!! These illuvials are NFTs and over 100 populate the open alien world.
Like Axie, each Illuvial possess different affinities, classes, and abilities. You can Fuse
them and upgrade them to discover more powerful forms. Increasing the value on open markets.
Although one of the coolest concepts is the multiplayer experience,
where you can battle other players and their Illuvials to earn ILV tokens and
Ethereum! Wages can be placed on matches, and the winning player takes home the bacon!
So when are you going to be able to play and earn in the Illuvium world? Well very, very soon.
Kieran Warwick, the co-founder of Illuvium, brother of Kain Warwick the founder of
Synthetix…tweeted this “Dear God, the new beta is so addictive it's
crazy. How on earth has this happened so fast. I just don't know anymore.”
Yes there's a closed internal private beta and an open private beta out in the wild!
The internal beta is for the open world gameplay, so only Internals can play this as of right now,
but leaked footage from this looks pretty dang sweet and polished!!
There is also an open private beta for the battle arena, where you can battle illuvials
in their PvE Autobattler Survival Mode, and footage from this looks just as good!
And if you would like to join the private beta for the arena, I have included the link to join down
in the description. Get in early with this one, it’s gonna be a big play to earn money maker.
Now let's end this episode off with a traditional gaming company, getting
into Web 3 and the metaverse!! As there might be investing opportunities with traditional stock,
crypto’s and coming NFTs I’m talking about…Gamestop!!
Back in October of this year Coindesk dropped this article
“GameStop Enters the Metaverse With ‘Web3 Gaming’ Job Post” and yup back in October
they were looking to fill many positions that had to do with NFTs and web3 gaming!
Well last week we got some big news regarding this. Gamestop and Immutable X were partnering
to launch an NFT marketplace!! Now many people were bummed out, as there were hints that possibly
Loopring would be involved with this…well there is still hints that this is the case. Loopring
was mentioned twice within the Gamestop and Immutable SEC filing…which basically states
Gamestop is still working with Loopring. (Link #9 Gamestop SEC filing)
Now many people are confused, and rightfully so…who is Gamestop working with? Well both,
as the two aren’t competing products, IMX and Loopring..but complementary! Immutable X is not
a WALLET - It is a marketplace protocol, it is non custodial, they do not hold or manage assets.
Users are always in control of their tokens. Loopring is an l2 wallet! It will hold user assets
like the NFTs. The two are going work side by side and perform different functions. Immutable X will
allow you to buy and sell NFTs, mint NFTS, and assign the NFT ownership. The Custodail
L2 wallet will allow ownership of these NFTs to an l2 address, it will allow receiving of tokens and
other cryptos from the sale of the gaming NFTs. A fiat on ramp and possibly a fiat off ramp!
So Gamestop is going all in with Web3 and the metavers…they have crypto partners. For sure
IMX…but soon there could be an announcement of Loopring. Cheers viewers, I'll see you next time!