It’s a data revolution. Data “ownership” and identity “autonomy” will return to users from the hands of large platforms, and the Internet will be more equal, more open, and more in line with the interests of the group.

It is a trust revolution. The Internet of Information will evolve into a credible Internet of Value, and will give rise to a distributed economy and distributed finance that are different from traditional ones.

It is an organizational change. The traces of the enterprise may be “erased”, there is no board of directors, no management, no articles of association…All kinds of business activities can be carried out only by algorithms, and the “organizational power of unorganized type” will become the internal driving force of the economic system.

It’s an experience change. The Internet will become more intelligent, more humane and more personalized. Through AR/VR/XR, wearable devices, human-machine interfaces and other forms, people can truly experience an unprecedented sense of interaction, immersion and participation in a three-dimensional holographic space.

It is a social change. Social networking, entertainment, production, consumption, business… Various modes may be reconstructed and endowed with new connotations.

It may also be a revolution in production relations. In the words of Ethereum founder Vitalik Buterin, everyone will have their own “soul” (Soul) in Web 3.0, and the community will gather together from bottom to top to create a new type of “decentralized society”. System (DeSoc).

Many high-tech companies are accelerating the deployment of Web 3.0. “+Web 3.0” has become another outlet after the mobile Internet. Social + Web 3.0, entertainment + Web 3.0, business + Web 3.0… are gradually becoming a trend. Zuckerberg renamed “Facebook” (Facebook) to meta, and announced that within five years, he would move the ultimate Internet experience depicted in science fiction to the real world and become a “metaverse company”. Twitter (twitter) has set up various applications about Web 3.0 on its main product. Google (google) stated on its official blog that the Web 3.0 upsurge is like the rise of the Internet 10 years ago. It will form a Web 3.0 team in May 2022 and march into Web 3.0 with great fanfare. MasterCard (MasterCard, a bank card jointly issued by MasterCard International and banks around the world) and Immutable X (Immutable is an Australian online game company whose main goal is to enable the next generation of Web 3.0 games to scale. The Immutable X platform allows users to Seven NFT companies, including deposits, withdrawals, minting and transactions on Layer 2, have cooperated to introduce their payment network into Web 3.0, and users can use debit cards and credit cards to directly purchase NFT.

Web 3.0 innovation has become a national development strategy that is highly concerned and valued by all countries. On March 9, 2022, US President Biden signed Executive Order No. 14067, the Executive Order on Ensuring Responsible Development of Digital Assets (Executive Order on Ensuring Responsible Development of Digital Assets). On the one hand, this executive order is to prevent digital asset risks, and on the other hand, it is to maintain and protect the leading position of the United States in innovation in the field of digital assets. On May 6, 2022, Japanese Prime Minister Fumio Kishida pointed out in a statement to the Budget Committee of the House of Representatives: “The arrival of the Web 3.0 era may lead (Japan’s) economic growth. Japan brings economic growth. As we enter the era of Web 3.0, I strongly believe that we must firmly promote this environment politically.”

This is an exciting frontier field, and all walks of life in various countries are actively making efforts and constantly exploring. In order to better clarify the definition, concept, logic, architecture and development ideas of Web 3.0, the book “Web 3.0: Next Generation Internet” brings together the research results of senior experts and scholars in related fields in China on Web 3.0, and deeply discusses the definition of Web 3.0 Concept, economic logic, organizational governance, financial reform, business innovation, technical route, legal compliance and policy response, covering DAO, DeFi, NFT, GameFi, SocialFin, X to Earn, metaverse, creator economy and many other topics. It is hoped that the publication of this book will be beneficial to the exploration of the academic circles and the industry.

(This article is the preface of the book “Web 3.0: Next Generation Internet”, which is authorized by the author to be published in this journal. The subtitles in the article are edited and added by this journal)

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