The wave of Web3 is unstoppable, and a new round of digital revolution is sweeping the globe.

The progress of human civilization has moved from the Stone Age to the Agricultural Age, and then to the Industrial Age, with each significant transformation bringing about a tremendous leap in productivity. Today, we are at the forefront of the digital age, where a digital revolution involving 8 billion people worldwide is quietly unfolding.

The core feature of the digital age is the programmability of tools. Since the birth of integrated circuit computers in 1964, humanity has entered the digital age. The platform structure of this era is divided into front-end and back-end, covering all aspects from chips and operating systems to user interaction interfaces. With the continuous advancement of technology, we have experienced the evolution from Web0 to Web3.

Web3, as a new generation of internet technology, is characterized by granting users more data sovereignty. This is due to the application of blockchain technology, which ensures that data is verifiable from the moment it is created. Unlike Web2, where data is stored centrally on centralized servers, Web3 provides users with better data ownership protection through a decentralized approach.

However, the development of new technologies is often accompanied by controversy and challenges. Web3 and cryptocurrencies, as emerging phenomena, face pressure from governments and traditional sectors during their development process. Nevertheless, an increasing number of elites and institutions are actively engaging in this digital revolution. Graduates from top universities around the world and well-known investment institutions are making significant inroads into the Web3 field.

Globally, the United States dominates the Web3 infrastructure sector, while China and other Asian countries excel in subfields such as DeFi and gaming. Notably, the recent easing of cryptocurrency trading policies in Hong Kong may signal the future development direction of China in the Web3 space.

The Web3 user base is rapidly expanding, currently reaching 250 million. Its application scope is gradually extending from the financial sector to multiple fields such as gaming, social networking, content creation, healthcare, and education. At the current rate of development, it is expected that the global Web3 user count could reach 1 billion within 5 years and potentially cover 60% of the global population within 10 years.

This digital revolution is changing our world at an unprecedented speed. We are in the steepest phase of value growth in human history, and the world can undergo tremendous changes within a generation. In the face of such a rapidly changing era, each of us needs to be prepared and actively embrace this global digital revolution.