Point Labs Releases Full Roadmap to Web3

(Link to full roadmap right here: roadmap.pointnetwork.io)

With “internet 3.0” instantly upgrading from an obscure space of analysis to a sizzling matter of mainstream dialog and a big a part of the 2020-s zeitgeist, increasingly more questions come up in regards to the nature of the beast. Is “Web3” going to remain a imprecise and undefinable time period, or does it have a exact definition?

Besides meanings that grew to become out of date years in the past, like ‘Semantic Web,’ what’s including to the confusion are all of the initiatives describing themselves as “decentralized” purposes (dApps) or “web3”, giving the impression that web3 is already right here and alive.

Yet, as we all know, such initiatives nonetheless rely closely on web2 elements: utilizing centralized domains that may be taken away at any second or compromised, centralized storage that’s censorable and clear to mass surveillance, and browser extensions like Metamask or Phantom that Google can disable at any time, which might instantly depart 99% of the customers of “decentralized” purposes helplessly confused about learn how to entry them. BadgerDAO, a DeFi undertaking hacked for $120M due to centralized UI, exhibits why this “Web 2.5” method is within the mistaken route.

World’s First Full Web3 Architecture

To appropriate this, Point Labs started engaged on recreating all elements of the previous web with their decentralized implementations. Instead of clinging to present web2 scaffolding, the ensuing community, nicknamed Point Network, is a digital area utterly disconnected from the previous web, identical to blockchains are, which might now be known as Web 3.0.

Point Network structure consists of decentralized domains (.level) which reside on the blockchain, decentralized storage on Arweave, decentralized identities, and different instruments that assist bridge the hole between Web 2.5 and full Web 3.

When you open Point Browser, there is no such thing as a connection to fb.com, google.com, or any IP addresses from the previous web (should you attempt to open a web2 hyperlink, you may be redirected to your regular browser). Instead, Point Network forces the builders to make use of solely decentralized elements to deploy their dApps, making certain censorship-resistance, knowledge integrity, knowledge availability, privateness, and enhanced safety.

“The Roadmap to Web3”

This mixture, founders insist, is essentially the most simple definition of Web 3.0: a long-standing dream of expertise fanatics to have a very decentralized web, freed from censorship, mass surveillance, and empowering direct possession of knowledge and audiences, with out Big Tech intermediaries taking their minimize and asserting dictatorship-like management. But how far are we from reaching this?

Point Labs produced their first prototype a yr in the past, bootstrapping its improvement with their very own funds. Then, in October 2021, they offered the primary alpha model on Solana Ignition Hackathon, which positioned them on the Honorary Mentions checklist and led to elevating their Seed and A rounds by enterprise capital companies, together with notable names similar to Arweave, Petrock Capital and Solar Eco Fund, and led by Sino Global+FTX fund, which funded a second alpha model, which is now extra practical and simpler to make use of.

This week, Point Labs offered their roadmap. And it’s not only a typical ribbon-shaped block on a touchdown web page. Instead, they made it into an entire Trello-like web site, which is hosted on roadmap.pointnetwork.io, known as “The Roadmap to Web3 ” and is often up to date. It options two zones: the principle zone, presenting the infrastructure required for decentralized web and is nearly finished, and the dApp zone, itemizing use circumstances and potential decentralized purposes for when the principle zone is prepared and operational.

The Megaround

Because it’s arduous for one firm to develop all dozens of dApps required for the total Web 3.0 expertise, the present plans are to have one final personal VC spherical dubbed ‘The Megaround’ earlier than the general public launch on the finish of May, to offer grants to groups and founders to incentivize constructing web3 apps on Point Network. After that, the plans are to launch the mainnet beta by June 1.

As the curiosity in web3 grows, there will certainly emerge just a few initiatives operating for the consideration of turning into the golden normal. Is Point Network on the best way to be one among them? It appears we’re only a few months away from discovering out.

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