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Battle for the soul of a new web
AXIOS November 29, 2021
A well-funded and intensely motivated chunk of tech’s hive mind is finding common cause in a vast new project: rebuilding the web on a foundation of cryptocurrency and blockchain tech. They call it “Web3.”
The big picture: Developers, investors and early adopters imagine a future in which the technologies that enable Bitcoin and Ethereum will break up the concentrated power today’s tech giants wield and usher in a golden age of individual empowerment and entrepreneurial freedom.
The web by numbers: Web 1.0 (in the 1990s) brought us online publishing and the first incarnation of e-commerce.
- Web 2.0 (in the 2000s) brought new ways for users to share content and platforms to distribute it.
- Web3 aims to reorganize the economy...
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