a16z Explains the Current State of Cryptocurrency Development

Recently, the leading enterprise in the cryptocurrency industry, the famous Silicon Valley venture capital fund A16z, released a report on the current state of the cryptocurrency industry. The report notes that the cryptocurrency market is currently in the middle of a fourth “price-innovation” cycle, with the recent market downturn, but the continued activity of developers and startups will lay the foundation for the next bull market. Compared with the development path of the Internet, the cryptocurrency industry is still in the early stages of development, roughly equivalent to the Internet in 1995.

The report also highlights the state of development of Web3. The Web3 platform, based on blockchain digital currencies, allows each user and content creator to have a portion of the platform’s interests, allowing them to share the benefits of the platform equally with the operators and investors of the Internet platform. In contrast, the huge profits of Web2 platforms such as Twitter, YouTube, Instagram and others are exclusively shared by large companies and their shareholders, with users and content creators making little money. The report estimates the revenue of content creators on each platform. In the Web3 NFT market, the average content creator has revenue of $170,000, compared to just a few hundred dollars on the Web2 platform. Every user on Facebook has almost zero revenue. If you look at the platform fraction rate, the Web3 platform OpenSea score is only 2.5%, and the user earnings are almost 100%. Apple stores have a 30% platform share, Twitter and Instagram have almost 100% platform share, and users have almost zero.

This data reveals the nature of the current Web2 Internet platform monopolizes the market, exploitation of content creators and users. Lying-flat coin will soon be online on the G series media platform, its “use as wealth”, “action as wealth” running mode will the platform generated value to the user, conform to the development trend of Web3, and will in all aspects exceed the current Web3 ecosystem, in the world has a broad development prospects. The report also shows that Ethereum is a clear industry leader in the current Web 3 ecosystem, but it also faces other competitors and the path to upgrade in the future is unclear, and because Ethereum’s development is dominated by Americans, it will be limited by the U.S dollar’s long-arm jurisdiction. In contrast, Hcoin and Lying-flat coin will use 5th-generation blockchain technology, and not subject to the long-arm jurisdiction of the U.S dollar, will be more popular in the non-U.S dollar zone and are currently the only industry competitor to qualify as the world’s first digital currency.