The post Professor at the University of Surrey Advocates for the Next-Generation AI-Supported Web 3.0 Protocol appeared on BitcoinEthereumNews.com.

At the Global Digital Sailing Expo and 2024 Web3 Carnival, held on the Costa Serena cruise ship, Professor Yu Xiong, Associate Vice President at the University of Surrey and Director of Surrey Academy for Blockchain and Metaverse Applications, delivered a keynote speech titled “Web 3.0 in the Age of AI Revolution: Redefining Innovation Governance and Human Empowerment.” In his speech, Professor Xiong provided an in-depth analysis of the current chaos within the Web 3.0 domain, noting that while AI is emerging, it has not been effectively utilized in the Web 3.0 ecosystem. Instead, it has exacerbated the turmoil in the space. To address this, Professor Xiong proposed a new vision for redefining Web 3.0. Professor Xiong emphasized that although Web 3.0 seems vibrant on the surface, it has essentially become a tool for financial speculation. Many projects leverage decentralized finance (DeFi) and non-fungible tokens (NFTs) to attract speculative capital, relying heavily on hype to capture market attention. This has led to a disconnect between users and projects, with interactions centered more on short-term financial gains rather than true value creation. Speculators take advantage of market volatility to reap huge profits, often leaving ordinary users as victims. These users are not empowered to create value, nor do they receive the benefits they deserve. This vicious cycle undermines the original intention of blockchain and diminishes the potential value of Web 3.0, creating negative effects on the industry and hindering its growth. Professor Xiong further stressed that in the future, while AI may accelerate user creation, it could also steal user creativity. In this context, Web 3.0 must play a key role in ensuring users can create with peace of mind and realize their own value. Redefining the Development Direction of Web 3.0 To address these issues, Professor Xiong proposed a new development…

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Filed under: News - @ October 21, 2024 4:20 am