Home / Brand Stories / How the Calyx Token (CLX) could contribute to Web 3.0
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Since its inception, the world wide web has completely revolutionised the way we live our daily lives. From the way we socialise to the way we consume entertainment, the internet has given us endless opportunities. Tim Berners-Lee’s first inception worldwide in 1989, has led to the creation of the internet, search engines, digital stores, social networking and cryptocurrencies just to name a few. There is so much to cover in regards to what the internet has brought to society, but one of the most interesting theories comes from American scholar Henry Jenkins, who has written heavily about the new creations that the web has provided. One of Jenkins’ most notable ideologies comes from his 2006 book ‘Welcome to Convergence Culture’, which is the idea that web 2.0 has enabled ‘prosumers’.

What are ‘prosumers’?

The word ‘prosumer’ is a portmanteau of ‘producer’ and ‘consumer’. Professor Henry Jenkins popularised the phrase, but got it from American writer Alvin Toffler’s 1980 book ‘The Third Wave’. This phrase itself is self-explanatory, referring to an individual who produces and consumes content online. Prosumers are the individuals responsible for contributing to the revolution of Web 2.0 - an era that emphasises how the internet uses generated content to permit participatory culture. Participatory culture has been a vital factor in the development of the internet as it has democratised the way that users communicate, interact and engage with one another.

The Web 3.0 iteration

With the introduction of Bitcoin (₿) in 2009 - there have been many tech experts discussing a new iteration of the World Wide Web, which is now commonly referred to as Web 3.0. There are several elements that technological experts believe will contribute to the inception of Web 3.0, the primary factors being: blockchain technology, cryptocurrencies, non-fungible tokens (NFTs), smart contracts and decentralised applications (dApps). This era could be fundamental to changing the way that people use the internet, eradicating the current system of machine-to-machine interactions and instead interconnects data in a decentralised manner, providing a faster and more personalised user experience. With over 18,000 cryptocurrencies currently in existence, it seems that the inception of Web 3.0 is gradually coming to fruition.

What can the Calyx Token (CLX) contribute to Web 3.0?

The Calyx Token (CLX) is an upcoming blockchain that aims to provide a community and permissionless liquidity protocol. Its ‘permissionless’ liquidity protocol means that there will be no registration required for users to benefit from the platform's features. Furthermore, Calyx also plans to provide token holders with a quick and secure method to make decentralised exchanges across blockchains. On their website, Calyx states how they aim to completely transform the community-driven model in crypto by incorporating the CalyxDAO, a decentralised autonomous organisation that allows community members to engage in activities that aid the ecosystem whilst conserving their solidity and security.

These features will aid the contribution of Web 3.0 by providing another blockchain outlet with its ethos centred around an online community that permits people to have control over their finances and eliminates the need for intermediaries. The Calyx token also plans to provide users with a cryptocurrency that supports several blockchains networks such as Ethereum (ETH), Avalanche (AVAX), Polygon (MATIC) and Fantom (FTM) - creating a multi-chain interoperability protocol. Due to CLX recently entering phase two in their pre-sale on May 9, it appears that now more than ever is the best time to invest.

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Disclaimer: This article is a paid publication and does not have journalistic/ editorial involvement of Hindustan Times. Hindustan Times does not endorse/ subscribe to the contents of the article/advertisement and/or views expressed herein.

The reader is further advised that Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.

Hindustan Times shall not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the views, opinions, announcements, declarations, affirmations etc., stated/featured in the same. The decision to read hereinafter is purely a matter of choice and shall be construed as an express undertaking/guarantee in favour of Hindustan Times of being absolved from any/ all potential legal action, or enforceable claims. The content may be for information and awareness purposes and does not constitute financial advice.

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