Before the rise of blockchain, Web3.0 can only stay in the concept stage due to the lack of solutions. In this article, CryptogramVenture FoF (hereafter CGV FoF) focuses on three blockchain projects, namely, Pocket Network, Arweave, and Livepeer, and introduces the important infrastructural components of Web3.0 from three aspects: API, storage, and streaming media. Note: This article is a CGV FoF research paper and is for reference only. Michael O’Rourke, CEO and co-founder of Pocket Network, believes that centralized infrastructure providers must have a large number of available buffers to meet additional needs. It is expected that the price of each relay will eventually stabilize at a certain order of magnitude in the next few years. As the co-founder & CEO, Michael P O’Rourke took the lead in creating Pocket Network in April 2017. Pain Points Solved
Web3.0 is committed to breaking the monopoly and control of data by centralized platforms. Therefore, Web3.0 projects will have massive data storage requirements, rendering distributed storage an important infrastructure. The part for ecological construction is mainly to reward storage suppliers and encourage storage suppliers to process orders, actively provide storage services for users, and effectively maintain network nodes. At present, the tokens obtained by providing storage services account for only a small part of the revenue of storage suppliers. Arweave has created a new consensus mechanism, Proof of Access (POA), which requires storage suppliers to verify historical blocks before getting rewards. Team and Investor
The Arweave team is composed of senior blockchain engineers. Anyone can participate in Livepeer and become an orchestrator by running software that allows them to contribute their computer resources (CPU, GPU, and bandwidth) in service of transcoding and distributing video for paying broadcasters and developers. Take Alicloud as an example, the average transcoding cost of an HD live video streaming is as high as US$6.2 per hour. At the same time, ordinary users can obtain income by staking their LPT tokens (thus becoming a delegator), and the staked tokens can vote for an orchestrator. CEO Doug Petkanics graduated from the University of Pennsylvania with a bachelor’s degree in CS, and CTO Eric Tang graduated from Carnegie Mellon University with a bachelor’s degree in CS. In terms of financing, the project has prominent performance and has been invested by many well-known investment institutions. At present, Grayscale Investment Trust, Coinbase Ventures, PanteraCapital, Digital Currency Group, CoinFund, Animal Ventures, and other institutions have invested in Livepeer. It has become an indispensable solution for Web3.0 infrastructure by providing trustless API protocol and relay network infrastructure. If it succeeds, the costs of building applications will be greatly reduced. With the development and maturity of the Web3 market, decentralized infrastructure will continue to grow and become more valuable, which will fundamentally change the relationship and interaction mode between users and the Internet. CGV FoF is composed of family funds from Japan, Korea, and China’s mainland and Taiwan, with headquarters in Japan and branches in Singapore and Canada.