Since the debut of the first network, crypto markets have seen an unparalleled rise in interest, concomitant with the introduction of new trends that could revolutionize industries. Web 3.0 is one of these new trends. [Web3]Also known as decentralized internet. Currently the latest buzzword in the burgeoning space, Web3 is the third version of the internet—a massive upgrade from the existing web 2.0.

Web1 & Web2 both played important roles in the growth of the internet, but they are too centralized and gave control to tech giants. This has created privacy concerns. The existing issues of data breaches by giants like Facebook (NASDAQ:) have left the need for a decentralized internet, one where users have absolute control of their data and how it is processed—Web3.

These internet-based versions also created an environment where workers and contributors aren’t paid for their contributions to the development of projects. Another void has been created.

X.LA Foundation—The New Web3 Project

Web3 is built on Blockchain technology, which provides a permanent, distributed, transparent and immutable ledger. This will allow Web3 to provide a quicker internet, without the need for a central authority. Through the use of distributed ledgers, it has the potential to disrupt nearly every industry and offer advanced peer-to–peer. [P2P]An internet service that is not controlled by a central institution.

Blazing off on the concept of decentralization and Web3 is the X.LA Foundation project—a community-driven project designed to change the incumbent corporate relationship in the workplace. X.LA Foundation is a community-driven project that aims to help people be equal beneficiaries of their input and work while also allowing them access to state-of the-art technology.

Scheduled to launch on February 16th, 2022 as revealed by the development team led by one of the most renowned visionaries in the internet and blockchain spaces, Aleksandr “Shurick” Agapitov, this inceptive project will seek to build an ecosystem where the “average man” is duly rewarded for his contribution towards the proliferation of a project.

With the rise in popularity of non-fungible coins [NFTs]Financial decentralization [DeFi]With the other trend in blockchain and crypto, visionaries and entrepreneurs have seized this chance and will make positive impacts on Web3’s embryonic stage. Agapitov, who is placing a solid bet on Web3’s adoption in the future has launched X.LA Foundation. This Foundation will serve as the next stage in creating an internet universe governed by people.

Shurick created a group of gamers and game developers to help him achieve his goal. They have all been involved in creating and launching gaming products for players and platforms over the past few years. This team, according to a recent press release, will work on Web3 to create a sustainable and fair working environment—promoting fair corporate relationships.

Slated for launch on February 16th, 2022, X.LA Foundation will be Shurick Agapitov’s second creation, Xsolla—a video game commerce company—the first. The Xsolla Business and Transaction Engines, which provide services only to the videogame industry, will simultaneously solve the complexities of distribution, marketing and monetization. This allows publishers, developers and their partners to concentrate on growing their reach and sales.

“All contractors, influencers, content creators, inventors, entrepreneurs and researchers are welcome to X.LA,” Aleksandr said.

X.LA Foundation welcomes innovators and researchers as well as contractors and influencers to collaborate to create and define the future decentralized Internet Web3.

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