Web3; SmartDefi changing the Crypto-Space
We have many newcomers adopting Web3 L due to it's vast approach on shaping many deficits inherent in L2/web2.
Web3 is a collection of JS libraries that lets you interact with an Ethereum node remotely or locally. Simply, it provides us with an API to use so we can easily work with the blockchain. Web3 works as a wrapper for JSON RPC to connect to a remote or local Ethereum node with either a HTTP or IPC connection.
Web3 = Unlocking opportunities, Securing data, and Solving critical challenges for the society. Investing in web3 infrastructure is like being able to invest in the early Internet protocols like TCP, FTP, HTTP, SMTP etc.
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The difference is, you can actually monetize them. Imagine owing part of the email protocol? And earning money on every email sent, that's how huge it going to be.
Imagine if we could all have invested in Linux, SSL, or HTTP with a token that incentivized their development, now that would have been fun but the difference in L2 is that the property right belong to a particular interest organization but Web3 solves this problem of inclusion, We have an opportunity now with ChainLink $link token. Chainlink is connecting the world to blockchain.
Notable example of a decentralized Web3 playbook is ENS which the most widely integrated Blockchain Naming Standard protocol; The native name suffix for ENS is .ETH, which has the full security benefits of being blockchain-native, You can also use ENS with DNS names you already own. ENS supports most DNS names.
Also, you can set a NFT to your ENS name to be your avatar. Your ENS on opensea will update with the NFT and other websites (like uniswap) which will use the NFT you set to your ENS as your pfp.
Going by the recent developments made by the Fegtoken Team through the announcement of the bridging of Feg/Rox Protocols as SmartDefi, one would come to term that Web3 is here to stay.
Facebook introducing Meta is a sure way to predict the eminent progress and green candlelight of Web3 which is going make a huge impact on Cryptocurrency, with the recent $ENS Airdrop; Web3 users are getting paid more than Web2 employees lol.
