WTF is web3? With Gaby Goldberg, Crypto Investor & Thought Leader

While web 3.0 is an exciting opportunity to create a decentralized internet that is better than the existing, web3 is not simply a silver bullet solution for everything.

The idea behind Web 3.0 is to combine the decentralized ideals of Web 1.0, with the consumer-friendly user experience of 2.0.

Unless intentional effort is put into making web 3.0 inclusive and accessible, the danger is that web 3.0 could become an exclusive ecosystem that is all about wealth.

The key difference between the web3 world and web2 world comes down to who owns user information.

As a solution to the poor consumer experience, early internet companies sprung up to bridge the gap. They made the internet more usable. As a normal person without a computer science background, you could ask questions and get answers (Google) and meet new people (social media). These “Web 2.0 companies” made the internet more accessible to everyon... See more

The internet was created in 1989 with the intention that it would be completely decentralized. This means it would be owned by the people who used it. It’s a good idea in theory, but in practice, it created a poor consumer experience. You had to be highly technical to use the internet. It was largely read-only. We can call this version of the inter... See more

In web3, user data remains with users. Information is stored within smart contracts, instead of being owned by a small number of big tech companies who control and profit from users’ information.

The metaverse is still in its early stages. There are only a handful of fully developed games and worlds for people to engage with, most of them being blockchain based. Web 3.0 serves as the umbrella term for all the numerous metaverse worlds.