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

“Web3” as we think of it today was introduced in 2014 by Gavin Wood, one of the cocreators of Ethereum. Wood’s compact definition of Web3, as he put it in a recent Wired interview, is simple: “Less trust, more truth.”

web3 is a somewhat ambiguous term, which makes it difficult to rigorously evaluate what the ambitions for web3 should be, but the general thesis seems to be that web1 was decentralized, web2 centralized everything into platforms, and that web3 will decentralize everything again. web3 should give us the richness of web2, but decentralized.

Mason Nystrom writes, “Web3 is about rearchitecting the existing services and products of the Internet so that they benefit people rather than entities.” If what web3 has enabled is for consumption to become collectible, the implications for gaming, art, and the creator economy broadly are profound:

Why is Web3 a Lucrative Investment Opportunity?When users are owners, they have decision-making power and this is the reason so many forward-thinking investors and innovators, including Untapped Ventures, are betting big on Web3 technologies.Untapped is a Venture Studio dedicated to creating products and services to help people live their best live... See more