HomeCoinsOntology (ONT)Ontology 2022 Roadmap. Building the infrastructure and… | by The Ontology Team...

Ontology 2022 Roadmap. Building the infrastructure and… | by The Ontology Team | OntologyNetwork | Jan, 2022

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Building the infrastructure and delivering the tools for Web3

The Ontology Team
Ontology 2022 Roadmap. Building the infrastructure and… | by The Ontology Team | OntologyNetwork | Jan, 2022

Introduction

2021 draws to a close with Web3 firmly establishing itself in the consciousness of the crypto community. Perhaps more importantly, we have started to see signs that it is transcending into the minds of those outside of the cryptosphere. Web3, in its association with the Metaverse, looks set to capture the imaginations of people worldwide in 2022.

Decentralized Identity and Data

Web3 should allow you to have self-sovereign identity and data, and it should allow you to choose which parts of your online existence, or perhaps we should say your existence in the Metaverse, you’d like to share with each other. This requires technical interconnectivity and interoperability, as well as more philosophical and collaborative discussions across the entire community for how identity is defined and changed.

Multi-VM

Virtual Machines (VMs) play a crucial role in both the aforementioned need for interoperability and in the expansion of applications built on Ontology. By taking a Multi-VM approach, Ontology maximizes interoperability and allows more developers to create in the development languages they are familiar with. The Ontology EVM will be launched in Q1 2022, together with an EVM Fund to incubate the development of applications on Ontology.

Web3

This Multi-VM approach, combined with a focus on DID and data, brings us back to the importance of Web3. Since the very beginning, Ontology has been building the infrastructure necessary for a cross-chain, interoperable Web3.

Looking Ahead

2021 draws to a close and 2022 promises to bring us closer to Web3 than ever before. Four years of work has positioned Ontology as a leader in the space, through the development of products focused on DID and data, and by taking a Multi-VM approach.

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