Learn more about the Web3 Foundation
What is Web3 Foundation?
The Web3 Foundation is one of Dr. Gavin Wood in Switzerland founded an organization dedicated to the development, implementation and maintenance of “Web3”. Web3 Foundation promotes the development of innovative technologies and applications in the field of decentralized cryptographic software protocols.
The goal of the Web3 Foundation is to preserve and regulate innovative technologies and applications at all levels of the Web3 technology system. The operational focus is on research, development, implementation, financing and maintenance of Web3 technology, education, middleware and application support.
The Web3 Foundation Board is the governing body of Web3 and is responsible for the administration of the Web3 Foundation. The current member of the Web3 Board of Trustees is Dr. Gavin Wood (Chairman and Founder), Dr. Aeron Buchanan (Deputy Chair) and Reto Trinkler.
Mission of the Web3 Foundation
The Web3 Foundation conducts research activities and collaborates with special projects and other academic research groups.
Research content mainly focuses on areas related to decentralized systems, including:
- Privacy, Cryptography, Policy
- Decentralized Algorithms: Consensus and Optimization
- Crypto Economy and Game Theory
- Behavioral Economics and Usability
The team reviews existing protocols, creates new ones, and brings them to life. With a background in Web3 technologies, the research team worked closely with the development team to ensure the research was practical and applicable. Current Web3 initiatives include:
- Polkadot network log search
- Overview of Cryptography
Project conducted by Web3 Foundation
Polkadot is a multi-chain, heterogeneous and scalable technology. Blockchain makes it possible to connect with each other to exchange data to form a decentralized network. Like Cosmos, Polkadot is focused on solving two key blockchain problems: interoperability and scalability.
Basically, Polkadot is an open source project and anyone can freely contribute to the development of the platform. For Polkadot, Web3 Foundation plays a role both financially and technologically.
Kusama is the canary on the Polkadot Network who will detect and warn of any vulnerabilities or vulnerabilities in the Polkadot Network. For developers, Kusama is a proof-of-concept platform for runtime improvement and chain management.
It can be said that Kusama is an experimental version of Polkadot which exists as a standalone network and allows blockchain developers to deploy and test builds or applications on the network before launching them on Polkadot.
MOOC (Massive Open Online Course) is an Internet course with no limit on the number of participants. Born from the idea of distance learning, online open courses have the potential to change the world of education, especially higher education.
Previously, due to the increasing need for user interaction, Web 2.0 was developed and e-learning systems also followed the trend by adding features such as forums, chats or systems. Learning Management System (LMS). The content and distribution of learning resources is becoming more diverse, from video lectures recorded in traditional classrooms to resources available for download. These resources are mostly distributed via popular platforms such as MIT OpenCourseWare, iTunes, YouTube, Khan Academy, or school webcasts. MOOCs have been a real trend since 2012, when big platforms like Coursera, edX, Udacity or FutureLearn were launched. These platforms are often similar in that they are actively supported by universities and academics.
Sponsored by the Web3 Foundation
Web3 Grant is a grant program from the Web3 Foundation. To manage the Web 3.0 ecosystem and resources of the Web3 Foundation. W3F is offering the grants they believe will have the greatest impact on the Web 3.0 ecosystem in the long term. The maximum funding amount is USD 100,000 per project.
About Web3 Foundation members
said Dr. Gavin Wood – Founder
Gavin Wood is the founder and CEO of Parity Technologies Ltd and has founded several other technology startups. He designed modern analysis tools and programming languages. Garvin Wood was a co-design member of the Ethereum protocol, wrote the official specifications, and created and wrote the first working implementation of Ethereum.
said Dr. Aaron Buchanan
Experience joined the Ethereum project as an Algorithm Modeler in 2014. He earned his PhD in Computer Vision from the Department of Robotics, University of Oxford, after working as an Algorithm Designer for the special effects industry.
Aeron has developed algorithms for unmanned aerial vehicles and blockchain technology and acts as a consultant for economics and ecology research labs. He is currently advising several major blockchain projects that aim to create breakthroughs in consensus technology platforms and bring utility and value to society and the economy.
Reto Trinkler is the founder of Trinkler Software. He is also the co-founder of Melonport AG, a blockchain-based platform that enables participants to create, manage, and invest in technology-managed digital mutual funds.
With a math background from ETH Zurich, Reto has been developing smart contracts for Ethereum since the platform was founded.
It can be seen that Web3 heralded a new era for the Internet as it changed everything from the way web pages were created to the way users interacted with them. The mission of the Web3 Foundation is to develop state-of-the-art technologies and applications for decentralized web software protocols.
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