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The World Is Changing In Front Of Our Eyes

The World Is Changing In Front Of Our Eyes

Right now, the idea of the entire Internet reinventing may sound like some far-away digital utopia. But Web3 is driving new conversations — and generating lots of new money, particularly from crypto investors.

The Web3 movement has been helped along by the rise of NFTs, or non-fungible tokens, which are digital collectables and other online files that can be bought and sold with cryptocurrency. 

Trying to explain Web3 can be exasperating since it's a  term that takes on a slightly different shape depending on who is defining it but that's the case with all new frontiers of technology.

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Web3 has remained a theoretical grand vision for years.

Blockchain-based social networks, transactions and businesses can and will grow and thrive in the coming years. Yet knocking out Facebook, Twitter or Google completely is not likely on the horizon, according to technology scholars.

Web 3.0 is an iteration of the internet where new social networks, search engines and marketplaces crop up that have no company overlords.

If we stay in the current paradigm, we will move further and further into a realm where a small handful of companies run by a small number of people run our experiences in cyberspace, and in that world, the problems of Big Tech are exacerbated.

Facebook recently rebranded itself Meta, and said its priority would be to build the "metaverse," a digital future where everyone is living and interacting and working together in virtual reality.

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