🔥 The Hottest Narratives for 2024

GMGM and welcome to the 🎣w3.catch-of-the-week, as one coin after another skyrockets, today I aim to provide you with reasons for this surge 🚀.

I will introduce you to the hottest narratives and highlight impressive use cases that demonstrate their benefits in practice.

👆 By the way, this is the first picture of SBF from prison.

🕹️ Nintendo 64 on Bitcoin
😯 DePIN: The Infrastructure of Tomorrow
🗺️ The Web3 Builder Map is back
📈 The Rise of Decentralized Science (DeSci)

You can now play Nintendo 64 games on Bitcoin 🤯.

A group called Pizza Ninjas made this possible.

👉 They did something similar before with with inscribing a Super Nintendo Entertainment System (SNES) games on Bitcoin through the Ordinals protocol.

🤓 How it works: They added a special program to the Bitcoin network. This lets you play these games on your web browser without needing old game consoles.

Hold on Vicky: Is it legal? 🤨

Yes this is legal because they're not using any games that are still owned by someone else. But you can't expect Playstation one games on bitcoin as these are protected 🥲.

🔥 DePIN: Combining Blockchain with Real-World Infrastructure

Earn tokens for powering the very foundation of society. DePIN is making infrastructure work smarter, not harder.

This week, the spotlight on coins like $FIL, $RNDR, or $WLD has been driven by an emerging trend called DePIN.

Let’s dive in 🌊

What is DePIN? 🤔

• Definition: DePin, short for Decentralized Physical Infrastructure, combines blockchain technology with physical hardware maintenance and development across fields such as transport, energy, and wireless connectivity.

• Concept: It rewards decentralized communities for contributing hardware or software resources to the network, offering token rewards in return.

How Does It Work? 🤑

• Contribution and Reward: Users contribute resources (like computing power or storage) to the network and receive tokens as rewards.

• Growth Mechanism: The infrastructure grows as more resources are added, attracting more users and increasing activity, which, in turn, enhances the value and utility of the network.

Advantages Over Traditional Infrastructure 🙌

• Reduced Costs: DePIN lowers the barriers to entry by cutting down the significant capital and maintenance costs associated with traditional infrastructure.

• Fair, Transparent Pricing: DePIN ensures a fair pricing model, free from the inflated costs typical in centralized systems. Prices are based on actual provider expenses

• Scalability and Security: Offers a more scalable and secure alternative by distributing the network across various nodes, reducing reliance on centralized systems.

• Incentivization: Directly rewards network participants, contrasting with traditional models where only large players benefit.

DePIN Use Cases 💡

The DePIN sector can be roughly divided into three groups:

• Physical Resource Networks (Sensor, Wireless)

• Digital Resource Networks (Compute, Bandwidth, AI, Storage)

• DePIN Module

  

Let's unpack some use cases with real-world impact:

Decentralized Storage - Filecoin 📦

Filecoin transforms unused storage across the globe into an efficient, decentralized network, providing secure and accessible data storage.

• Token Incentives: Participants earn $FIL tokens by supplying storage capacity and securing client data.

• Cost-Effective and Secure: By distributing data storage, Filecoin enhances security and reduces costs by up to 78% compared to traditional, centralized storage services like Aws.

Render and Decentralized Computing 👩‍🚀

Render Network (RNDR) taps into the power of decentralized computing by enabling access to GPU resources for complex tasks across the cloud, democratizing compute power for rendering, AI development, and blockchain operations.

By connecting GPU owners with users in need of rendering capabilities, RNDR creates an efficient, cost-effective ecosystem that makes high-quality computing accessible to a wider audience.

"A new era of computing has begun" said NVIDIA CEO Jensen Huang and this is reflected not only in Nvidia's share price, but also in tokens such as $RNDR.

👉 Market Impact: With the potential to disrupt a $5T legacy computing market, even a 1% capture by decentralized platforms like RNDR signifies a substantial increase in utilization and growth opportunities within the decentralized computing space.

The German Web3 Ecosystem Map is Back 🥳

The latest w3.guide edition is here, unveiling new and exciting projects along with a new opportunity for you 🫵: Showcase your use case within our vibrant community.

What's New?

🫶 A big welcome to our newest members including Positiveblockchain.io, Evmos, and many more.

🧬 Introducing a new category: Decentralized Science (DeSci)

✨Time to Shine: Tell me about your Web3 Use Case and get featured.

Democratize Science and Technology 🧬

Imagine a world where scientific breakthroughs are shared freely and credit is given where it's due - DeSci is here to open the gates of knowledge to all.

In recent weeks, I've delved deeper into the field of DeSci and found myself truly captivated by its potential. Today, I'm excited to share my insights and break it down for you.

Tl;Dr? No worries, I had the honor of interviewing Nicholas Fiorenza, here are his exciting insights on the topic of DeSci.

🥜 DeSci in a Nutshell

DeSci, short for Decentralized Science, leverages the Web3 stack to democratize the creation, review, and dissemination of scientific knowledge. It aims to incentivize open sharing of research, ensuring credit goes to contributors, and making science accessible to all. DeSci fosters a transparent, censorship-resistant model for scientific research, encouraging the exploration of innovative ideas.

How does it work?

Imagine a team of scientists, let’s call them "AquaRenew". They are focusing on innovative water purification techniques using sunlight. Under traditional science, their research might struggle with funding hurdles, lengthy publication delays, and accessibility issues.

But DeSci can fix this:

1. Funding and Recognition: Via a DAO e.g. "EcoInnovate", the project receives funding if they pass community votes (based on their research proposal, previous work successes, and publications*)*. AquaRenew members would be rewarded in "EcoTokens", reflecting the tangible value of their contributions.

2. Research and Publication: AquaRenew uploads their findings to Research Hub, a decentralized, blockchain-powered platform. Their research gets accessible worldwide and transparently traceable.

3. Peer Review: Their work is openly evaluated by a diverse online community. Scientists and enthusiasts alike offer feedback directly on Research Hub, ensuring a transparent review process. They are rewarded for their efforts with tokens.

4. Collaboration and Access: Leveraging Web3, AquaRenew collaborates with global experts, sharing data and accessing shared physical and computational laboratory resources. This collaboration speeds up innovation cycles and brings diverse expertise together.

Practical Outcome

AquaRenew's work on Research Hub gets worldwide support and funding from those into eco-friendly living. They keep control of their research's IP and set clear rules on how it's shared. All their findings, even the fails, are openly recorded on-chain.

👉 This shows how DeSci speeds up science while keeping it open and fair for everyone.

🦉 Yuga Labs has acquired Proof

😱 The End of “Dot SWOOSH”?

🤯 On-Chain Art sells for over $14 Million 

⚽️ VFL Wolfsburg released their Web3 Whitepaper

🚀 Bitcoin hit an ATH

👀 What does “Building in Web3” actually mean?

🥰 Your Private Office @w3.hub

Vicky & Marvin are Web3-obsessed. That's why they host a weekly podcast featuring updates and cool stuff.

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