Everyone is talking about web3.
Richard Muirhead, a partner at Fabric Ventures, hails web3 as the next information exchange revolution, analogous to the shift from a primarily agricultural society to a more urban one. He defines web3 as “a composable, human-centric and privacy-preserving computing fabric for the next wave of the web.” From his perspective, web3 will usher in an entirely new paradigm for interacting with the internet.
Others take a less optimistic view of its promise. Didier Thizy at Stellex Consulting claims that web3 is merely a term for a collective internet nostalgia, a time more like the first incarnation of the internet, when “creators were not at the mercy of Big Tech social media platforms” like YouTube and Facebook. Didier sees web3 primarily as a way for fringe internet users to keep more of their online assets insulated from giant tech conglomerates.
Both of these visions, though contradictory, are at least partially true. So, what do we really “know” about web3, and how many of the promises that are frequently touted are likely to become a reality in the next five years?
Continue reading: https://builtin.com/blockchain/web3-predictions
Richard Muirhead, a partner at Fabric Ventures, hails web3 as the next information exchange revolution, analogous to the shift from a primarily agricultural society to a more urban one. He defines web3 as “a composable, human-centric and privacy-preserving computing fabric for the next wave of the web.” From his perspective, web3 will usher in an entirely new paradigm for interacting with the internet.
Others take a less optimistic view of its promise. Didier Thizy at Stellex Consulting claims that web3 is merely a term for a collective internet nostalgia, a time more like the first incarnation of the internet, when “creators were not at the mercy of Big Tech social media platforms” like YouTube and Facebook. Didier sees web3 primarily as a way for fringe internet users to keep more of their online assets insulated from giant tech conglomerates.
Both of these visions, though contradictory, are at least partially true. So, what do we really “know” about web3, and how many of the promises that are frequently touted are likely to become a reality in the next five years?
Continue reading: https://builtin.com/blockchain/web3-predictions
