What Is Web3?
Source: Harward Business Review
Thomas Stackpole, in this HBR article, explores why Web3 is being touted as the future of the internet.
This vision offers a read/write/own version of the web, in which users have a financial stake in and more control over the web communities they belong to.
Web3 promises to transform the experience of being online as dramatically as PCs and smartphones did.
The author argues none-the-less that this vision faces serious challenges.
Some companies have entered the space only to face a backlash over the environmental impact and financial speculation (and potential for fraud) that comes with Web3 projects.
Blockchain is offered as a solution to privacy, centralization, and financial exclusion concerns, it has created new versions of many of these problems.