Migrating from Web2 to Web3
The adoption of cryptocurrencies and blockchain technology has seen continuous growth over the past few years, and the adoption curve mirrors that of the internet and is set to outperform in the coming years.
Web3’s potential to improve daily life in many industries and sectors will drive growth, and utility protocols such as Solana (SOL), Ethereum (ETH) and Persystic (PSYS) will be among the major platforms powering this. Become a part. growth.
Solana is creating the world’s first Web3 phone
Solana (SOL) will explode in 2021 as developers and crypto enthusiasts see the network’s potential to evolve the ecosystem and become a blockchain powerhouse thanks to its superior speeds and low fees. Increased. Solana has been stifled by reports of network outages that have lost confidence in some investors, but the foundation behind why the project has gained prominence is still there, and Solana is back on the attack. I’m here.
They recently announced that they would build the world’s first Web3 phone on Android to accelerate the integration of blockchain technology into the wider society. It helps provide seamless integration for both users and new users.
Today’s technology consumption is becoming more and more remote with the use of telephones more advanced than the technology that sent the first humans to the moon. Enabling Web3 to fully integrate into her mobile platform is a must, and Solana is paving the way for that.
Ethereum is the foundation of Web3
As Solana looks to step up its efforts to compete with Ethereum (ETH), the largest Web3 utility platform is running more projects than ever on the Ethereum network. Simply put, Ethereum was the foundation of his Web3, and Layer 2’s growth is largely due to solving scalability problems on the network, with congestion being an occasional problem.
It’s hard to criticize a protocol for being so far ahead of its time, so the network’s main problem is caused by the very demand it creates, but this is the world we live in now. Nevertheless, the growth of NFTs and the likelihood that they will have to create a paradigm shift in consumption will be largely fueled by ETH.
When most people think of NFTs, they think of images or JPEGs, but NFTs are much more than that. NFTs can take many forms, including loyalty and reward points, game content, music content, and memorabilia.
Ethereum will face scaling issues as it continues to grow, but with the help of Layer 2 such as Polygon (MATIC), Ethereum will be the foundation for Web3.
Persystic aims to democratize social media
One of the areas touted to be enhanced by blockchain technology is social media, and Persystic (PSYS) is currently gearing up to make that happen. Persystic will be the next generation social media platform that creates a truly democratic social media experience through decentralization.
Users have full ownership of all content posted and have the right to monetization as well as providing a platform to express themselves freely and securely thanks to cryptography on the blockchain. increase. Basically, the team behind the project believes in the principle of free speech and limits censorship simply because it might seem like a controversial point of view.
Persystic is currently on pre-sale, with native coin PSYS available at Stage 1 pricing before listing on the DEX later this year. The coin facilitates purchases on the platform, enables P2P transfers, and even allows tipping for content created by fellow users.
As social media ceases to be a democratic platform that leverages blockchain technology to provide security, personal ownership is empowering and has the potential to revolutionize the way we consume social media.
If you want to learn more about Persystic, click this link to learn more.
Persistent Token (PSYS)
