Developing Solutions for the Challenges faced by Web 3.0

As the world of technology evolves, so too does the way we interact with the internet. The launch of the Advanced Research Projects Agency Network (ARPANET) in 1969 by the Defense Advanced Research Projects Agency (DARPA) marked the beginning of the internet as we know it today. This early research laid the foundation for the creation of the World Wide Web, also known as Web 1.0.

Web 2.0 emerged in the early 2000s, marked by the rise of social networks, cloud computing, and the advent of smartphones. Companies such as Google, Facebook, and Amazon revolutionized the way we interact with the internet, but the participatory nature of Web 2.0 also resulted in the centralization of user data and monetization through targeted advertising.

Web 3.0 represents the next evolution of the internet, where decentralized technologies such as blockchain and artificial intelligence are at the forefront. This new era promises to bring new opportunities for value exchange on the internet and address the challenges of centralization and data privacy that we faced with Web 2.0. At Astrotech Labs, we are working towards developing solutions that will pave the way for this new era, shaping the future of the internet and the way we interact with it.

Where things currently stand ?

Previously, we shared some of our research into the terra classic crash on Twitter. While developing an uncollateralized algorithmic stable-coin that trades at the peg at scale is difficult, we believe it's still possible to create a digital asset optimized to be traded close to the peg but can drift at times based on market conditions. This type of digital asset would be closest to a decentralized solution for price discovery of forex currencies.

In the coming weeks, we'll be sharing more of our research, including simulations-driven data based on prospective algorithms to fix UST. You can support our efforts by staking your LUNC tokens with our validator via our staking dashboards.

What's new at Astrotech Labs?

In addition to our ongoing research into Terra Classic, we are now offering validator services for select networks for which we are developing additional products and tooling. Our easy-to-use staking dashboards make it simple for users to stake their tokens with our validators. We have more feature updates planned for our staking dashboards in the future.

To improve accessibility of historical blockchain data, we are training GPT-3 and other transformer models on cleaned archive blockchain datasets. This will enable us to create products like chatGpt, a search engine for blockchain data that can be accessed via natural language. While blockchains are decentralized, it can still be difficult for users to interpret the data and extract meaningful information from historical data. Our goal is to make this data more accessible for everyone.

We are also excited to announce an upcoming protocol on top of Aptos, which we will be sharing more details about in the coming weeks.

By staking with our validators, users will have early access to our upcoming products and the opportunity to earn token rewards. Stay informed by following us on Twitter for updates and developments in the coming weeks. Don't miss out!