Cointime

Cointime

Download App
iOS & Android

US3R Network: Breaking Data Barriers and Leading a New Web 3.0 Ecology

Cointime Official

US3R Network: Breaking Data Barriers and Leading a New Web 3.0 Ecology

US3R Network is a blockchain technology-based developer platform and application ecosystem whose goal is to provide a more flexible and interoperable data storage layer for decentralized hybrid applications. The project advances Web 3.0 by creating and nurturing an ecosystem of decentralized hybrid applications and helps enable a more autonomous, secure, transparent and open Internet.

Unlike traditional centralized applications, decentralized applications distribute data and control across the nodes of the network. This architecture enables decentralized applications to achieve higher levels of security, privacy and reliability. However, at the same time, since current decentralized products only support static, immutable data, developers often need to develop their own centralized services to support dynamic data scenarios that cannot be met by smart contracts, which has become one of the biggest pain points for developers. The data mutability middleware provided by US3R Network can solve this problem by providing developers with a more flexible data storage component that supports dynamic data, version control, permission management, and other functions.

In addition to the innovation of data storage layer, US3R Network also focuses on extending the application scenarios of Web 3 applications. Currently, Web 3 applications are mainly focused on the Fintech domain, such as cryptocurrency and decentralized exchanges. US3R Network believes that there is still a lot of room for Web 3 applications to expand to a wider range of scenarios, such as social, UGC, and so on. Therefore, US3R Network provides more components and tools to support the development of these application scenarios, such as social networking protocols, game engines, data visualization tools, etc.

In short, the goal of US3R Network is to provide a comprehensive platform and ecosystem for developers to create and run more secure, reliable, autonomous and innovative decentralized hybrid applications. By driving the development of Web 3.0, US3R Network hopes to promote the popularity and adoption of blockchain technology and build a more open, transparent and connected Internet world.

Business Model

US3R Network's business model consists of two main aspects: U3 and S3.

1. U3

U3 is a user-centered super application designed to provide one-stop services for ordinary Web3 users. By providing users with features such as daily content, events, social and popular Dapps, U3 attracts a large amount of user traffic. Based on this traffic, US3R Network can explore various business models, such as advertising, paid subscriptions, token economy, etc., to achieve profitability.

2、S3

S3 is the only open source data browser on Ceramic Network and is an early part of the decentralized user-owned data development stack. US3R Network's revenue model comes from agreement fees in the storage incentive program. The project believes that as more users and developers join the ecosystem, the use of off-chain data will grow rapidly, driving up protocol fees. By charging an agreement fee, US3R Network can provide better service and support to developers and users, and facilitate the growth of the entire ecosystem.

In summary, US3R Network's business model is built on its super application U3 and open source data browser S3. By attracting user traffic and charging agreement fees, US3R Network is committed to providing better services and support to developers and users, and driving growth and innovation throughout the ecosystem.

Strategy Introduction

US3R Network's strategic plan is based on its insight and understanding of the trends in off-chain data and Web3 applications. The project believes that as more and more developers and users join the Web3 ecosystem, off-chain data usage will be several orders of magnitude higher than on-chain data, and the number of users will approach the level of Web2 applications. Therefore, different infrastructures are needed to support this zone-centric off-chain data on the developer side and on the user side.

To achieve this goal, US3R Network has adopted a number of strategies:

1. Create a vibrant Dapps ecosystem that transforms centralized application data silos into user-centric interoperable and composable data Lego blocks. By providing more flexible, interoperable data storage components and tools, US3R Network hopes to create a better experience and value for developers and users of decentralized applications.

2. Build core toolkits, infrastructure (S3) and client applications (U3) to bootstrap their user networks and interoperable data. In addition to providing developers with more components and tools, US3R Network is committed to building the necessary infrastructure and applications to support the needs of users.

3. Continuously attract more users to use Super Application U3 and build more features in S3. By providing attractive applications and continuously enhancing its functionality, US3R Network hopes to attract more users to join its ecosystem.

4. Protocol-based openness and composable data allow all developers to enjoy the network effects of the protocols US3R Network believes that protocol openness and composability are key to achieving interoperability and scalability in the Web 3.0 ecosystem. Therefore, US3R Network uses a protocol-based approach to facilitate collaboration among developers to share the network effects and accelerate the development of the ecosystem.

In summary, US3R Network's strategy is to build an open, flexible, interoperable, and scalable Web 3.0 ecosystem that provides a better experience and value for developers and users. The project also promotes openness and composability of protocols and makes every effort to facilitate collaboration and sharing among developers to accelerate the development and innovation of the ecosystem.

Core Feature: Ceramic Eco-Compatibility

There is a close relationship between US3R Network and Ceramic, a decentralized data network designed to enable Web3 composability, with its core function of retrieving variable and dynamic data from static and immutable data on storage protocols.

The US3R Network, on the other hand, is a developer platform and application ecosystem designed to build tools and infrastructure for off-chain programmable, interoperable, self-authenticating data networks to create and nurture an ecosystem of decentralized hybrid applications.

US3R Network and Ceramic's early protocols are 100% compatible and both codes are open source, allowing direct access to the existing Ceramic application ecosystem, code and user data resources.

In addition, US3R Network is the only open source data browser provider for the Ceramic ecosystem, providing developers with a better development experience and support.

In addition to its collaboration with Ceramic, US3R Network is actively involved in contributing to and expanding the protocol. For example, the project is working on privacy data protection, promoting the implementation of share state and event functions. Through these efforts, US3R Network not only contributes to the development of the entire ecosystem, but also strengthens its competitiveness and innovation.

As mentioned above, US3R Network and Ceramic have a close relationship. The two have compatible early protocols and the code is open source to complement and leverage each other. Through the cooperation and contribution with Ceramic, US3R Network hopes to contribute more to the development of the whole ecosystem and provide better services and support to developers and users.

Conclusion

US3R Network is a blockchain technology-based developer platform and application ecosystem designed to provide a more flexible and interoperable data storage layer for decentralized hybrid applications. The project advances Web 3.0 by creating and nurturing an ecosystem of decentralized hybrid applications and helps enable a more autonomous, secure, transparent and open Internet.

As the US3R Network continues to grow and evolve, it will continue to explore and expand into a wider range of application scenarios and business models in the future. For example, with the growing concern about data privacy and security, US3R Network may further enhance its privacy protection features to provide more secure and trusted services to users and developers.

In addition, with the rise of NFT and metaverse, US3R Network is likely to introduce more components and tools targeting these emerging markets to meet the needs of different domains.

In conclusion, as blockchain technology continues to evolve and gain popularity, US3R Network will continue to play an important role in promoting innovation and development of the Web 3.0 ecosystem in the future. We can expect to see more interesting application scenarios and business models emerge, and US3R Network will continue to contribute to this vibrant and innovative ecosystem.

dApp
Comments

All Comments

Recommended for you

  • Liquidity re-pledge agreement Puffer raises $18 million

    Puffer, a liquidity re-pledge agreement, announced on Tuesday that it has raised $18 million in round A financing. The round was led by Brevan Howard Digital and Electric Capital, with investors including Coinbase Ventures, Kraken Ventures, Lemniscap, Franklin Templeton, Fidelity, Mechanism, Lightspeed Faction, Consensys, Animoca, and GSR. The new funds will be used to help launch Puffer's mainnet. Previously, Puffer raised $5.5 million in a round of financing led by Lemniscap and Lightspeed Faction.

  • Contango Digital Assets raises $5m in first close of Blockchain x AI Fund

    Contango Digital Assets, a venture capital firm based in Toronto, has raised $5 million in the first close of its latest fund, the Contango Blockchain x AI Fund. The fund's investors include high-profile individuals such as the CEO of Quantstamp, the CFO at SingularityNet, and the CEO at WonderFi, as well as early LPs in Digital Currency Group and Polychain Capital, and investors from VANTA DAO. For more information on the tech venture capital industry, visit VCWire.tech, our new website.

  • The Russian Central Bank supports the use of cryptocurrencies for international settlements and plans to promote the formulation of relevant bills

    According to Bitcoin.com, Russia supports expanding the types of currencies and payment methods for international settlements. Last week, the Governor of the Central Bank of Russia, Elvira Nabiullina, stated that the bank will support the acceleration of a bill that supports the use of cryptocurrencies for international payments. However, Nabiullina emphasized that these payments should be introduced under an experimental sandbox legal framework.It is reported that the institution has always opposed the circulation and use of cryptocurrencies for national payments because these assets are not controlled by national regulatory agencies. However, the country's central bank is open to its use for foreign settlements. In contrast, the use of national digital assets (also known as CBDC) for payments has been explored without any exploratory sandbox.

  • Tether issued $500 million in USDT yesterday and redeemed $181 million in USDT

    According to the latest data from ChainArgos, Tether (USDT) conducted a large-scale issuance and redemption activity on April 15th. A total of $500 million USDT was issued that day, while $181 million USDT was redeemed.

  • Hong Kong Securities and Futures Commission: We believe that fund companies applying for virtual asset ETFs will submit applications to the Hong Kong Stock Exchange next

    Some fund companies have expressed that they have received conditional and principle approval from the Hong Kong Securities and Futures Commission for virtual asset spot ETFs. When queried by Hong Kong media, the Hong Kong Securities and Futures Commission stated that investment products recognized by the Commission will be listed on the list of publicly available investment products on its website. The Hong Kong Securities and Futures Commission further pointed out that if the applied ETF product roughly meets the Commission's requirements, a conditional authorization will be issued, but various conditions must still be followed, including paying relevant fees, submitting documents, and obtaining approval from the Hong Kong Stock Exchange for listing. It is believed that the fund companies that have applied will submit their applications to the Hong Kong Stock Exchange for the next step.

  • Hong Kong citizens can directly use their securities accounts to purchase spot BTC and ETH without opening an account on an exchange

    The Hong Kong Securities and Futures Commission has approved at least three fund companies to collaborate with licensed exchanges, allowing citizens to purchase spot Bitcoin and Ethereum with securities accounts. Currently, investors who want to buy virtual currencies need to open an account at a virtual currency exchange. Multiple fund companies have announced that they have obtained licenses from the Hong Kong Securities and Futures Commission and are collaborating with two licensed exchanges on the market to launch virtual asset fund products, which means that citizens can directly use securities accounts to purchase spot Bitcoin and Ethereum without the need to open an account at an exchange. Some industry insiders believe that this measure will help promote the development of virtual asset trading and increase tax revenue.

  • CZ will be sentenced in the U.S. District Court for the Western District of Washington on April 30

    On April 16th, it was reported that former CEO of Binance, CZ, will receive a sentence on April 30th at the federal district court in the Western District of Washington, USA. Judge Richard Jones will hear statements from the prosecutor and CZ's lawyers. In November 2023, he pleaded guilty to violating the Bank Secrecy Act by failing to maintain effective anti-money laundering procedures.

  • Grayscale GBTC assets under management fall below $20 billion

    Official data from Grayscale shows that as of April 15th, GBTC holds 311,621.1013 BTC, and its asset management scale (non-GAAP) has fallen below $20 billion, reaching $19,747,454,120.96, with circulating shares dropping to 349,830,100.

  • In the past 24 hours, the entire network has liquidated $276 million

    According to Coinglass data, Golden Finance reported that there were liquidations of 276 million US dollars in the past 24 hours, including 202 million US dollars in long positions and approximately 73.83 million US dollars in short positions. Among them, Bitcoin liquidated approximately 79.1762 million US dollars and Ethereum liquidated approximately 67.9918 million US dollars.

  • A user lost over $350,000 worth of ARB by accessing Pink Drainer to deploy a malicious dApp

    Blockaid monitoring shows that about 14 minutes ago, a user lost 356,501 US dollars worth of ARB due to network phishing fraud. It is reported that the victim signed an off-chain license by accessing the malicious dApp deployed by Pink Drainer.

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company