MEXC Exchange Lists Point Network – a new era of Web 3.0

The Web 3.0 infrastructure project Point Network (POINT) was listed on the world-renowned cryptocurrency trading platform MEXC on September 5. The website's tagline is "World's First Full Web 3.0 Implementation." What do they imply?

How is Web 3.0 seen globally?

What is Web 3.0, to start? A16z, Coinbase, and other peers had attempted to define "Web 3.0" at this time last year. The most well-known condensed definition, applicable to both Web 2.0 and Web 1.0, is "read+write+own."

The phrase was first used in 2014 by Gavin Wood, a co-founder of Ethereum and Polkadot. According to him, "Web3 is sort of an alternate vision of the web, where the services we use are not hosted by a single service provider business, but rather they are completely algorithmic entities that are, in some sense, hosted by everyone... The concept being that each member provides a modest portion of the overall service.

The WEB 3.0 idea from PointLabs

And the Point Labs' explanation is straightforward: "Web 3.0 is a decades-long dream of technologists about the next version of the internet, designed to be entirely resistant to censorship and mass-surveillance because it lacks any kind of centralized point of control. The true Web 3.0 is expected to decentralize the rest of the internet, just like how Bitcoin and BitTorrent decentralized money.

Unfortunately, according to the founders of Point Labs, people mistakenly believe that Web3 is already a reality. The majority of "decentralized" applications continue to use centralized infrastructure, including SSL certificates, storage, domains, and other things. The prominent Ethereum gateway eth.link expiring, the compromised curve.fi nameservers, and the avalanche of reports of Tornado Cash censorship by several dApps and initiatives that were supposed to be decentralized and uncensorable made this evident last month. This would not have been possible in the actual Web 3.0.

What exactly is a Point Network?

Point Network is a project that aims to decentralize every significant component of the internet stack. It does not rely on centralized infrastructure, such as storage, domain names, and so on, and instead employs decentralized alternatives for each layer: the.point domains are on Point Chain, the storage is on Arweave, and native access is achieved through their own web3 Point Browser, which includes a Point Wallet. Developers can build decentralized identification solutions, decentralized social networking, and a variety of other apps on Point Network - the "Roadmap to Web3" vision scrolls many screens to the right.

According to Point Network's official information, the project's supporters include Sino Global Capital, Arweave, FTX, Chorus Ventures, and Prycto, among others. POINT is a utility token that can be used for gas prices on this new network as well as a range of other web3 use cases. It can, for example, be used to pay for content creators' native blockchain subscriptions, paid content in decentralized communities, as a micropayment for storage when uploading material, and so on.

They just launched the mainnet on September 1, and POINT token trading began on MEXC on September 5.