If there is one topic that has gathered a great deal of interest over the past few weeks, it has been that great Web 3 "debate
This was started last year when Jack Dorsey decided to take a shot at the concept. He claimed that it was "owned by VCs". Of course, this drew a lot of criticism especially from those who are currently building in the space.
But, this begs a broader question: Are there grains of truth there? And how "decentralised" is Web3 really?
This is what I explore in my latest idea . I give you everything you need to know about Web 3 and how it came about. I compare it to the current status quo on the internet with Web 2.0 and how it really can liberate us from the centralised power brokers we have come to rely on.
I also examine some of the criticisms of Web 3. This includes the risks of financial control that VCs and whales may have on the space as well as the inherently centralised tech it could rely on.
These are all important because knowing what needs to be worked on can help all of us build a more inclusive, scalable and user-friendly Web 3.
This was started last year when Jack Dorsey decided to take a shot at the concept. He claimed that it was "owned by VCs". Of course, this drew a lot of criticism especially from those who are currently building in the space.
But, this begs a broader question: Are there grains of truth there? And how "decentralised" is Web3 really?
This is what I explore in my latest idea . I give you everything you need to know about Web 3 and how it came about. I compare it to the current status quo on the internet with Web 2.0 and how it really can liberate us from the centralised power brokers we have come to rely on.
I also examine some of the criticisms of Web 3. This includes the risks of financial control that VCs and whales may have on the space as well as the inherently centralised tech it could rely on.
These are all important because knowing what needs to be worked on can help all of us build a more inclusive, scalable and user-friendly Web 3.