Introducing web3:// - Decentralized Access Protocol for EVM | ETHDenver 2023

In this video, we delve into the exciting world of our latest access protocol, Rhapsody URL. Designed specifically for the Ethereum virtual machine, this innovative protocol opens up a whole new realm of possibilities for accessing and utilizing data in the future.
Similar to HTTP, Rhapsody URL is an Iana registered scheme that allows you to locate decentralized resources hosted by smart contracts or mapped by ENS. It's a game-changer for developers looking to create applications using webview URLs.
One of the key motivations behind this access protocol is the growing trend of NFTs moving fully on-chain. As more and more non-fungible tokens embrace blockchain technology, Rhapsody URL provides a seamless way to interact with these digital assets.
Join us as we explore the intricacies of Rhapsody URL and its potential impact on the world of decentralized applications and data accessibility. Stay tuned for valuable insights and practical tips on leveraging this cutting-edge access protocol.
#RhapsodyURL #DecentralizedApplications #buidl
TLDR: The key idea of the video is that the web3:// access protocol enables decentralized access to resources hosted on Ethereum, allowing for the creation of decentralized applications and addressing the issue of high storage costs on the blockchain.
00:00 📜 Web3 access protocol is a decentralized URL scheme designed for the Ethereum virtual machine to access decentralized resources hosted by smart contracts or within ENS.
01:32 📱 The web3:// access protocol enables developers to create decentralized applications for on-chain NFTs, allowing users to browse web content directly on Ethereum smart contracts.
04:29 🌐 Web3:// is a decentralized access protocol for the Ethereum Virtual Machine (EVM) that inherits features of HTTP, integrates with name services, allows for the display of various data formats, and provides a gateway for accessing EVM using web3:// URLs.
06:26 🌐 Web3:// allows browsing content hosted on Ethereum, with support for multiple blockchains and potential applications such as on-chain FD images.
07:44 💡 They upload metadata SVG layers on chain, compose them using smart contracts, and use web 3 URLs to call contracts with custom methods, allowing for rendering of any token URI; they also propose ERC 5018, a file system-like interface using smart contracts to synchronize local folders and files with the blockchain.
09:47 💡 Web3 allows for decentralized applications like dynamic websites, decentralized email, and more, but the high storage costs on the Ethereum blockchain remain a critical issue.
11:37 💡 The purpose of web3:// is to create a native storage layer for Ethereum that can scale storage to petabytes with a significant cost reduction.
12:41 🌐 We can achieve better scalability and full decentralization by building on top of Ethereum with web3://, eliminating the need for centralized components like HTTP DNS and relying on native protocols for Front End EVM elastic storage.

[@ManjeetSingh-jt4nw]

The next generation Internet is here🔥

[@m___pryor]

Brilliant work, wow

[@PaulWhite77]

Mind blown...

[@shanwong1768]

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