Web3 Land Grab Movement: A Global Digital Transformation

The wave of digital transformation is sweeping across the globe, with Web3 as the core of this transformation, expanding its influence at an astonishing pace. Whether we realize it or not, Web3 has quietly arrived around us.

Looking back at human history, from the Paleolithic era to the Neolithic era, and then to the Bronze Age and the Iron Age, humanity has undergone a long process of evolution. Each technological innovation has brought about a tremendous leap in productivity. The agricultural revolution went through three stages, laying the foundation for human civilization.

The "Enclosure Movement" in Europe that began in the 12th century, although it seemed brutal on the surface, actually liberated productive forces and paved the way for the Industrial Revolution. At the same time, the financial sector was quietly undergoing changes, providing capital support for the subsequent Industrial Revolution.

The development speed of human society has grown exponentially. It took 3 million years to transition from the Stone Age to the Agricultural Age, 14,000 years from the Agricultural Age to the Industrial Age, and only 500 years from the Industrial Age to the Digital Age. In these 500 years, the financial system has continuously innovated, until the emergence of cryptocurrency in 2009, which brought a new asset class to the financial markets.

The core feature of the digital age is the programmability of tools. From Web0 to Web3, network technology continues to evolve. What sets Web3 apart is that users have greater data sovereignty, thanks to the application of blockchain technology.

However, the development of new things is always full of challenges. Cryptocurrencies and blockchain technology face many doubts and obstacles. But history tells us that new technologies often need time to be accepted and understood by society.

Despite facing challenges, many forward-looking enterprises and investment institutions have begun to lay out plans in the Web3 field. Talents from top global universities are also actively participating, driving this digital revolution.

In the global distribution of Web3 projects, the United States dominates, but countries like China and Singapore are quickly catching up. Different sub-sectors show varying competitive landscapes, reflecting the advantages and characteristics of each country in the Web3 field.

On the policy front, the attitudes of the United States and China are crucial. Currently, the U.S. is leaning towards tightening, while China shows signs of relaxation. Recent policy developments in Hong Kong may indicate a new strategy for China in the Web3 space.

The number of Web3 users has reached 250 million and is penetrating various fields. At the current rate of development, it is expected that in 5 years, the number of Web3 users may reach 1 billion, and in 10 years, it may cover 60% of the global population.

We are in the most dramatic period of change in human history. The pace of change brought about by technological advancements is so fast that a generation can witness monumental shifts in the world. In the face of this global digital revolution, each of us needs to be prepared to embrace the upcoming new era.