Last Friday our first Web 3.0 Live Demo Day took place. Managing Director of Molecule Group – Krzysztof Bulski – was joined by Daniel Keller – Co-founder and Chief Strategy Officer of Flux. If you missed the livestream on our Instagram, you can still watch a recording of it:
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What is Flux?
Flux is a decentralised Web3 cloud infrastructure founded over 4 years ago. They are able to provide the infrastructure thanks to almost 13 000 computational nodes running across the whole world, which host a plethora of operators and applications using Flux to execute their operations.
We discussed how Flux is set out to engage with the community and build a completely new paradigm for decentralised cloud computing.
Flux lets you simply develop, manage, and spawn your applications on multiple servers at once. Flux is Web 3.0, dApps, and more. A comprehensive suite of decentralised computing services and blockchain-as-a-service solutions. The Flux ecosystem consists of: Fluxnodes’ decentralized infrastructure, FluxOS cloud operating system, Zelcore self-custody multi-asset wallet and blockchain app suite, and finally the Flux blockchain for on-chain governance, economics, and parallel assets to provide interoperability with other blockchains and DeFi access.
Flux has their very own cryptocurrency, which is also called Flux. In the interview we learned about how they use the blockchain for proof of work and validating their consensus mechanism, which is essential for decentralised decision making. Having their own blockchain also ensures security of the whole chain and allows for transactional validation.
Web3, mass adoption, and the Metaverse
In our Web3 Live Demo Day Daniel Keller explains what Web3 is, while breaking down the three models of cloud infrastructure: Web1 (read), Web2 (read-write), and Web3 (read-write-own). We discussed the importance of Web3 for businesses, which greatly benefit from the ease of scaling the infrastructure provides.
When talking about adoption of Web3 and decentralised cloud infrastructure, Daniel also distinguishes between two modes of adoption — assumption, where people gravitate towards a technology because of its advantages, and necessity, where consumers have to adopt a new technology because the former one isn’t viable anymore. An important point raised by Daniel was that in order for Web3 to move from the early-movers phase into mass adoption, we need to ensure that the information on how the system works should be more easily understandable for the average person. Redundancy, ease of use, and comprehensibility will be key elements of attracting more people to Web3 technology.
While Web3 technologies still hold a lot of potential for growth, it’s not easy to make long term plans around them. When talking about roadmaps, Keller says that adaptability is essential. After all, how can you make plans for the next 2 years when the technology will completely change in 6 months?
Daniel also comments on the prominence of the Metaverse in talking about Web3. As the Metaverse grows and people develop new technologies within it, decentralised infrastructure will be an essential safety net for all users. Whether it’s in-game applications, community-based projects, or cryptocurrency investments, if the Metaverse platform you’re using has centralised ownership (as, for example, AWS does), the owners can take the platform down at any time, effectively destroying all the time and effort you put into this Metaverse with it. If instead, this platform was built on a decentralised infrastructure such as Flux, you would own your creations and investments and any big decisions regarding the platform would be made collectively. Otherwise, ‘you’re just building somebody else’s project’, Daniel says.
At Molecule Group, we’re always excited to learn about and highlight new technologies, ideas, and strategies, and our Web3 Live Demo Days are an example of that. If you share our excitement and want to learn more about Web3 and its most prominent voices, follow us on Instagram and join us each week for another instalment of the Molecule Web3 Live Demo Day.