Point Labs Releases Full Roadmap to Web3 – Sponsored Bitcoin News

(Link to full roadmap right here: roadmap.pointnetwork.io)

With “web 3.0” instantly upgrading from an obscure space of analysis to a sizzling matter of mainstream dialog and a major a part of the 2020-s zeitgeist, an increasing number of questions come up in regards to the nature of the beast. Is “Web3” going to remain a imprecise and undefinable time period, or does it have a exact definition?

Besides meanings that turned out of date years in the past, like ‘Semantic Web,’ what’s including to the confusion are all of the initiatives describing themselves as “decentralized” purposes (dApps) or “web3”, giving the impression that web3 is already right here and alive.

Yet, as we all know, such initiatives nonetheless rely closely on web2 elements: utilizing centralized domains that may be taken away at any second or compromised, centralized storage that’s censorable and clear to mass surveillance, and browser extensions like Metamask or Phantom that Google can disable at any time, which might instantly go away 99% of the customers of “decentralized” purposes helplessly confused about find out how to entry them. BadgerDAO, a DeFi venture hacked for $120M due to centralized UI, exhibits why this “Web 2.5” strategy is within the improper route.

World’s First Full Web3 Architecture

To appropriate this, Point Labs started engaged on recreating all elements of the outdated web with their decentralized implementations. Instead of clinging to present web2 scaffolding, the ensuing community, nicknamed Point Network, is a digital area utterly disconnected from the outdated web, identical to blockchains are, which might now be referred to as Web 3.0.

Point Network structure consists of decentralized domains (.level) which stay on the blockchain, decentralized storage on Arweave, decentralized identities, and different instruments that assist bridge the hole between Web 2.5 and full Web 3.

When you open Point Browser, there isn’t any connection to fb.com, google.com, or any IP addresses from the outdated web (in the event you attempt to open a web2 hyperlink, you’ll be redirected to your regular browser). Instead, Point Network forces the builders to make use of solely decentralized elements to deploy their dApps, making certain censorship-resistance, knowledge integrity, knowledge availability, privateness, and enhanced safety.

“The Roadmap to Web3”

This mixture, founders insist, is essentially the most easy definition of Web 3.0: a long-standing dream of know-how lovers to have a very decentralized web, freed from censorship, mass surveillance, and empowering direct possession of knowledge and audiences, with out Big Tech intermediaries taking their minimize and asserting dictatorship-like management. But how far are we from attaining this?

Point Labs produced their first prototype a 12 months in the past, bootstrapping its growth with their very own funds. Then, in October 2021, they offered the primary alpha model on Solana Ignition Hackathon, which positioned them on the Honorary Mentions checklist and led to elevating their Seed and A rounds by enterprise capital companies, together with notable names reminiscent of Arweave, Petrock Capital and Solar Eco Fund, and led by Sino Global+FTX fund, which funded a second alpha model, which is now extra practical and simpler to make use of.

This week, Point Labs offered their roadmap. And it’s not only a typical ribbon-shaped block on a touchdown web page. Instead, they made it into a complete Trello-like web site, which is hosted on roadmap.pointnetwork.io, referred to as “The Roadmap to Web3 ” and is regularly up to date. It options two zones: the primary zone, presenting the infrastructure required for decentralized web and is sort of carried out, and the dApp zone, itemizing use instances and potential decentralized purposes for when the primary zone is prepared and operational.

The Megaround

Because it’s arduous for one firm to develop all dozens of dApps required for the complete Web 3.0 expertise, the present plans are to have one final personal VC spherical dubbed ‘The Megaround’ earlier than the general public launch on the finish of May, to supply grants to groups and founders to incentivize constructing web3 apps on Point Network. After that, the plans are to launch the mainnet beta by June 1.

As the curiosity in web3 grows, there will certainly emerge just a few initiatives working for the distinction of turning into the golden commonplace. Is Point Network on the way in which to be considered one of them? It appears we’re only a few months away from discovering out.

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