Web3 is a decentralized network based on blockchain technology, which allows users to own their own data, identity and assets without being controlled by centralized platforms and institutions. The track of Web3 includes Metaverse, NFT, DeFi, DAO, and Web3 applications. They all have their own technological trends and future development directions, and they all face some bottlenecks and challenges. This article will briefly analyze these five tracks, and predict the new narratives and tracks that Web3+AI may produce.

The technical trend and future development of the five tracks

Metaverse is a digital virtual world that allows users to participate in various activities in different forms and identities, such as work, entertainment, social interaction, education, etc. The technological trend and future development direction of the Metaverse may include:

Improve the sense of reality and immersion in the metaverse, and use technologies such as virtual reality (VR), augmented reality (AR), mixed reality (MR) to allow users to experience more visual, auditory, tactile and other stimuli.

· Improve the interactivity and sociality of Metaverse, and use artificial intelligence (AI), speech recognition (ASR), natural language processing (NLP) and other technologies to allow users to communicate and communicate with other users or virtual characters more naturally.

Improve the openness and creativity of the Metaverse, and use blockchain, NFT, DAO and other technologies to allow users to create, own and trade their own digital content and assets more freely.

NFT is a digital asset based on blockchain technology, which can represent any unique thing, such as artwork, collectibles, game props, music, videos, etc. The technical trend and future development direction of NFT may include:

Improve the quality and diversity of NFT, and use AI, computer vision (CV), computer graphics (CG) and other technologies to make it easier for users to generate, edit and display their own digital content.

Improve the liquidity and usability of NFT, and use technologies such as DeFi, Cross chain Protocol (Cross·chain Protocol), Layered Protocol (Layered Protocol) to allow users to convert, trade and use their own digital assets more conveniently.

Improve the sociality and value of NFT, and use social media, metaverse, DAO and other technologies to allow users to share, display and evaluate their digital content and assets more widely.

DeFi is a financial service based on blockchain technology, which allows users to carry out various financial activities, such as lending, trading, investment, insurance, etc., without intermediaries or trust institutions. The technical trend and future development direction of DeFi may include:

Improve the security and stability of DeFi, and use technologies such as zero-knowledge proof (ZKP), multi-signature (Multisig), oracle (Oracle) to allow users to use financial contracts and data on the blockchain with more confidence.

Improve the efficiency and scalability of DeFi, and use Lightning Network, State Channel, Side Chain and other technologies to allow users to complete financial transactions and operations on the blockchain more quickly .

Improve the diversity and innovation of DeFi, and use technologies such as NFT, DAO, and Metaverse to allow users to participate in financial products and services on the blockchain more abundantly.

DAO is an organizational form based on blockchain technology, which allows users to participate in the governance and decision-making of the organization through tokens and smart contracts, without the need for traditional management or legal frameworks. The technical trend and future development direction of DAO may include:

Improve the legality and compliance of DAO, and use legal technology (Legal Tech), smart contract (Smart Contract), distributed identity (DID) and other technologies to allow users to more reasonably solve organizational problems and issues on the blockchain dispute.

Improve the collaboration and adaptability of DAO, and use AI, NLP, social media and other technologies to allow users to communicate, coordinate and execute organizational tasks and goals on the blockchain more effectively.

Improve the diversity and inclusiveness of DAO, and use technologies such as NFT, DeFi, and Metaverse to allow users to participate in organizational activities and value creation on the blockchain more widely.

Web3 applications refer to decentralized applications (dApps) based on blockchain technology, which allow users to use various network services, such as social media, content platforms, e-commerce, games, etc., without a centralized platform or institution. The technical trend and future development direction of Web3 applications may include:

Improve the user experience and convenience of Web3 applications, and use technologies such as Layered Protocol, Cross-chain Protocol, and Distributed Identity (DID) to make it easier for users to access, use, and manage own data, identity and assets.

Improve the security and credibility of Web3 applications, using technologies such as zero-knowledge proof (ZKP), multi-signature (Multisig), oracle (Oracle), so that users can use smart contracts and data on the blockchain with more confidence .

Improve the innovation and diversity of Web3 applications, and use Metaverse, NFT, DeFi, DAO and other technologies to allow users to participate in new network services and value networks on the blockchain more abundantly.

Potential Bottlenecks of the Five Tracks

These five tracks may encounter some common bottlenecks and challenges, such as:

Technical aspects: How to ensure the scalability and performance of the blockchain? How to deal with data synchronization and compatibility issues between different blockchains? How to prevent abnormal situations such as fraud, attack or failure on the blockchain?

· Legal aspects: How to comply with local legal and regulatory requirements in different countries and regions? How to deal with contract breaches, asset losses, or rights violations on the blockchain? How to conduct reasonable tax declaration and financial verification on the blockchain?

Social aspects: How to let more people understand and use blockchain technology? How to eliminate people's misunderstanding and prejudice about blockchain technology? How to let more people participate and benefit from blockchain technology?

Birth of the Sixth Circuit

Web3+AI refers to the combination of blockchain technology and artificial intelligence technology to achieve higher security, transparency and innovation. The new narratives and tracks that Web3+AI may produce include:

· Data sharing and privacy protection: Using blockchain technology, users can independently control their own data, choose whether, when, with whom, and in what way to share their data. At the same time, using AI technology, users can more Make good use of your own data for analysis, prediction, and optimization, and at the same time use encryption, zero-knowledge proof and other technologies to allow users to participate in data exchange and collaboration without exposing their own data.

· Smart contracts and smart agents: By using blockchain technology, users can realize various automated transactions and operations by writing and executing smart contracts. At the same time, using AI technology, users can create and use smart agents to achieve various Intelligent services and functions, while using technologies such as oracle machines and multi-signatures, allow users to perform cross-chain and cross-platform interoperability while ensuring security and credibility.

· Value network and value creation: Using blockchain technology, users can participate in the governance and incentives of the network through tokens and cryptocurrencies, thereby sharing the value and benefits of the network. At the same time, using AI technology, users can generate and edit and display a variety of digital content, participate in the innovation and diversification of the network, and at the same time use technologies such as NFT, DAO, and Metaverse to allow users to create, own and trade various digital assets on the network.

To sum up, Web3 is a decentralized network based on blockchain technology, which includes five tracks including Metaverse, NFT, DeFi, DAO and Web3 applications, all of which have their own technological trends and future The direction of development is also facing some bottlenecks and challenges. Web3+AI refers to the combination of blockchain technology and artificial intelligence technology to achieve higher security, transparency and innovation. Web3+AI may generate some new narratives and tracks, which will trigger a bull market. As participants and observers of the blockchain industry, we should pay attention to the dynamics and trends of these tracks, and make corresponding preparations and responses.

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