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The Pirates Of The Internet

The Pirates Of The Internet

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.

Another issue, of course, is government oversight. Blockchain-based tokens are now in a regulatory netherworld, but that could soon change as the Biden administration begins the process of setting new rules for the industry.

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MORE IDEAS FROM THE SAME ARTICLE

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.

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

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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