Learn why Web 3.0 is the next big thing in Blockchain and how one particular project, Flux, has gained a unique position in the market to capitalize on it.
The internet is growing every day and so is the demand for the infrastructure to support it. The size of the cloud computing market in 2021 is forecasted to be $370 billion and is expected to continue growing by 20% a year.
Cloud computing is absolutely booming.
The internet is not only growing, it is also evolving. The current generation of the internet, Web 2.0, has some inherent flaws.
Firstly, it is centralized. The majority of the financial, personal and private data flowing through the internet is controlled by corporations, banks and governments. Because they own the infrastructure and the data, single actors can censor or deplatform users, impose excessive fees or demand unfair terms of service.
Second of all, it is limited by its current technology. New technologies like blockchain, artificial intelligence, machine learning, the Internet of Things and more will create the foundation for a limitless and “smarter” internet where everything integrates seamlessly.
These flaws will be corrected by the next generation internet, Web 3.0.
A new, decentralized internet, Web 3.0, cannot be censored or de-platformed. Where information flows freely and applications powered by smart contracts integrate seamlessly. A blockchain-powered Internet.
Quite simply, Web 3.0 is the future of blockchain. This is why blockchain was created and where it is headed.
To invest in the future, you have to invest in Web 3.0. Just look at the market, the top blockchain projects at the moment are focused on Web 3.0 — projects like Solana, Polkadot and Avalanche.
The largest Web 3.0 projects (by market cap) are the frontrunners in the Web 3.0 boom, but they all have one problem in common: Most of their infrastructure is still centralized.
Every online service relies on infrastructure, storage and computational resources. By continuing to rely on centralized vendors like Amazon, Google and others, Web 3.0 will continue to be controlled by these vendors. Web 3.0 cannot exist without decentralization.
For blockchain and Web 3.0 to move forward you need decentralized infrastructure. While there are many blockchain projects delivering applications for Web 3.0, like PancakeSwap or Axie Infinity, there are surprisingly few providing the decentralized infrastructure to run them.
As decentralized infrastructure continues to grow, some of the $370 billion centralized infrastructure market will migrate to blockchain projects that provide decentralized infrastructure.
One of the projects best positioned to capitalize on this is Flux (FLUX).
Flux provides a suite of decentralized infrastructure services necessary for running the Web 3.0:
- Infrastructure: a computational network consisting of 2200+ nodes, all fully decentralized and operated by Flux holders.
- Infinity Contracts: Flux’s take on Web 3.0 smart contracts where decentralized applications (DApps) serve as smart contracts, making them infinitely scalable, able to be written in any programming language and able to integrate with any blockchain.
- Fusion Cross-Chain bridge: an innovative cross-chain bridge that utilizes Flux tokens on other blockchains to move funds quickly and cheaply between blockchains.
- Zelcore non-custodial wallet: a premiere wallet application that integrates with major centralized and decentralized exchanges.
- Flux coin: utility cryptocurrency for governance, node collateral, payment for hosting services and more. The coin is fairly distributed through proof-of-work (mining) and as rewards for node operators.
Every component of the Flux ecosystem is live and operational. The Flux toolkit is an enabler for partner projects that wish to deploy to the Web 3.0 today.
The network currently delivers infrastructure for the Kadena blockchain generating more than $55,000 monthly revenue for the Flux network. Flux has also partnered with Firo and Presearch to supply infrastructure for both projects starting in Q4 of 2021.
If demand for decentralized cloud infrastructure is on the rise, Flux is ready to meet it. In the past six months, Flux has seen growth across all conceivable success metrics. Around 1000 computational nodes have been added to the network, the number of partners hosted on the network is up, trading volume has grown, the development team and community is growing, and the technology and feature set of the FluxOS and network is developing on schedule.
If the success of Solana, Polkadot and Avalanche can be seen as the first wave of the Web 3.0 boom, then the blockchain projects delivering the required decentralized infrastructure to host Web 3.0 are in line for the next wave.
Flux has accomplished a lot, but it still has a low market cap compared to similar projects. Flux, through its partnership with Kadena, is generating a significant amount of revenue in decentralized cloud computing.
You should pay attention to Flux if you believe in Web 3.0 and want to ride the next wave of cloud computing. Learn more here: runonflux.io.