Cardano

when

As the Web3 ecosystem remains fragmented, a newly introduced collaboration between industry leaders aims to address this issue and enhance the existing infrastructure within the crypto space.
On July 22, Web3 data provider CryptoSlam <a href="https://www.businesswire.com/news/home/20240722382663/en/SlamNet-to-Launch-as-the-Information-Economy-of-Web3-with-CryptoSlam-Animoca-Brands-and-Others-as-Key-Contributors" target="_blank" rel="noopener nofollow">announced</a> a project called SlamNet, a collaboration between the non-fungible token insights platform, gaming and venture capital firm Animoca Brands, and other contributors to be announced later. 
In an interview with Cointelegraph, CryptoSlam founder and CEO Randy Wasinger discussed the platform’s vision and how it aims to “bring the industry together.” 
<h2 data-ct-non-breakable="true" id="the-challenge-of-web3-fragmentation">The challenge of Web3 fragmentation </h2>
Wasinger argued that the crypto space is becoming increasingly fragmented. The executive said that in the early days of the internet, there was a “world of opportunities” for builders to create something like a website, and it became instantly accessible to the world. 
However, Wasinger believes that this isn’t the case for Web3. The executive said that it’s becoming very difficult because they have to choose between different platforms, and when they do, they are “walling” themselves off from users of other ecosystems. Wasinger explained: 
<blockquote data-ct-non-breakable="true">
 “If you choose Solana, Polygon, Cardano or Flow, you’re instantly walling yourself off from a subset of users, and you’re forced to place this bet on technologies and ecosystems that developers didn’t have to place when the internet was exploding.”
</blockquote>
The executive argued that the situation is the same for users. Wasinger said that users who may get onboarded to Web3 through one platform will have to “go learn something new” once they want to venture out into the broader Web3 world. 
Wasinger believes that this friction is what’s holding people back from adopting Web3. “These are not obstacles we had in the late nineties and early two thousand, and that’s why Web1 has been so much more successful. So, if we can remove those, I think that is the key to the mainstream adoption,” he added. 
Related: <a href="https://cointelegraph.com/news/nfts-comeback-predicted-web3-experts-2024">NFTs poised for comeback despite sales drop say execs</a>
<h2 data-ct-non-breakable="true" id="bringing-the-ecosystem-together">Bringing the ecosystem together </h2>
The CryptoSlam founder said their goal with SlamNet is not to further fragment the ecosystem but to bring it together. He explained: 
<blockquote data-ct-non-breakable="true">
 “We are launching a new ecosystem, but what we are doing, rather than further fragmenting the industry, we are bringing the industry together. We refer to data as the fuel of Web3. We take that data, and we make it easily accessible to the public in a way that developers and end-users have.”
</blockquote>
The executive said this “simple, non-fragmented experience” is their vision for SlamNet. According to Wasinger, the SlamNet ecosystem aims to help bring different platforms together through a community-owned and industry-owned data platform. 
Wasinger also said that they are not trying to compete with other Web3 ecosystems but are trying to complement the existing platforms. 
“We, on the other hand, would be complementary to that because it’s not an application or a community built around an application; it is an ecosystem built for others to build applications on top of,” he added.
Magazine: <a href="https://cointelegraph.com/magazine/pudgy-penguins-pixelverse-ether-etfs-price-impact-hodlers-digest-july-14-20/">Pudgy Penguins lands in Pixelverse, Ether ETFs, and more: Hodler’s Digest</a>

CryptoSlam founder says new SlamNet ecosystem aims to solve Web3 fragmentation

Table of Contents

Cointelegraph

Muita 24. heinäk. 2024 julkaistuja artikkeleja

Subsquid Labs Enters Strategic Partnership with Global Investment Firm M31 Capital (24 Jul)

Bitcoin: Miner Capitulation Ending, Strong Rally Ahead!

Blocksquare Launches Marketplace Pool for Hotel Investment (24 Jul)

ETZ adds SUI to IRA Offerings (24 Jul)

Coinbase Announces a Hot Move Similar to BlackRock’s Cryptocurrency Fund

Decentralized finance is growing up: How DeFi is becoming ‘NewFi’

Join our free newsletter for daily crypto updates!