My dear friends Chris Heuer and Kristie Wells asked me to open Web 3.1, a new unconference series they founded. The goal of the event was to explore ways to deliver the promise of web3. This article is inspired by the research that went into my presentation and the conversations that followed. You can watch the presentation here.
Since October 2021, Google Trends data shows that “web3” as a search term started to take off. The same is true for “NFT” and “metaverse.” And with all of the hype amplifying the web3 ecosystem, the divide between its current state and its potential will only widen before it begins to close. It means that progress lies ahead. But to close the gap requires vision, utility, value, and execution toward innovative possibilities and solutions.
This is about leading web3 technologies such as NFTs, blockchain, cryptocurrencies, smart contracts, DAOs, dApps, wallets, the metaverse, and trustless networks to a decentralized future that benefits everyone. Hype and failure are part of the path toward disruption. Think “dot bomb” in Web 1.0 before mainstream successes like Amazon, eBay, Slashdot, and Craigslist demonstrated value and scale.
Right now, much of what we see defined as web3 is actually similar to the principles of Web 2.0, with centralized applications, servers, and platforms tied to blockchain transactions. Centralization has its upsides. But data ownership and portability is where the future starts to really take shape. Like 5G, and the various frequency bands before it, the foundation is set before mass market killer apps are built upon it.
Continue reading: https://www.forbes.com/sites/briansolis/2022/04/04/building-on-the-promise-of-web3-to-deliver-a-future-of-utility-value-and-empowerment-that-benefits-everyone/?sh=50de56186c50
Since October 2021, Google Trends data shows that “web3” as a search term started to take off. The same is true for “NFT” and “metaverse.” And with all of the hype amplifying the web3 ecosystem, the divide between its current state and its potential will only widen before it begins to close. It means that progress lies ahead. But to close the gap requires vision, utility, value, and execution toward innovative possibilities and solutions.
This is about leading web3 technologies such as NFTs, blockchain, cryptocurrencies, smart contracts, DAOs, dApps, wallets, the metaverse, and trustless networks to a decentralized future that benefits everyone. Hype and failure are part of the path toward disruption. Think “dot bomb” in Web 1.0 before mainstream successes like Amazon, eBay, Slashdot, and Craigslist demonstrated value and scale.
Right now, much of what we see defined as web3 is actually similar to the principles of Web 2.0, with centralized applications, servers, and platforms tied to blockchain transactions. Centralization has its upsides. But data ownership and portability is where the future starts to really take shape. Like 5G, and the various frequency bands before it, the foundation is set before mass market killer apps are built upon it.
Continue reading: https://www.forbes.com/sites/briansolis/2022/04/04/building-on-the-promise-of-web3-to-deliver-a-future-of-utility-value-and-empowerment-that-benefits-everyone/?sh=50de56186c50
