Looking at the Multicoin portfolio, it is more inclined towards public chains, DeFi, and other infrastructures. At the same time, it is also a VC that dares to take the lead in various types of financing boldly.

Web3 social is a broad topic, and it may take some time to transition from the high-walled islands of traditional platforms to a fully open and composable ecosystem. Through the above review of the current state of Web3 social development in 2022, we may have the following insights or reflections.

Decentralized storage addresses various pain points of centralized cloud storage in Web2, and can store unstructured edge data at a lower cost and with higher efficiency, empowering technologies such as IoT and autonomous driving.

In the Web3.0 era, DID will be everyone's PLAN B.

In the future, everyone in the world will build applications on the same networked, composable data layer.

The transformation of social paradigms is a social renaissance from "platform-centric" to "user-centric." The new narrative includes five key themes: social graph, decentralized identity, privacy protection, composability, and tokenization.

Ceramic provides developers with an ecosystem that reduces the time required to develop databases and functionalities.

Middleware can help developers build applications more efficiently, acting as a connective tissue between applications, data, and users.

As a decentralized storage network for composable data, Ceramic is playing a key role in the evolution of "rights" into "utility."

For all creators, this is the best of times.

Building an application on Ceramic looks like browsing a marketplace of data models, inserting them into the application, and automatically gaining access to all the data stored in these models on the network.

In addition to the advantages of version control, Ceramic also offers very convenient authentication and access control.

The importance of DID solutions will continue to grow exponentially in the coming years, opening up the next major cycle of Web3 applications.