Recently, former Twitter CEO Jack Dorsey sparked a discussion that revolved around the much-discussed Web 3.0 these days. While the bitcoin enthusiast argumentOther personalities in the ranks of crypto celebrities resisted his skepticism that Web 3.0 was simply “a centralized unit with a different label.”
For example, Coinbase CEO Brian Armstrong, Gemini founder Tyler Winklevoss, and venture capital giant Marc Andreessen prepared to defend the mission of the decentralized internet.
But the discussion about the next decentralized level of the Internet does not arise by chance at this point. If you take a look at the search queries for the terms “Metaverse” and “Web3”, it shows that the Metaverse hype may have fueled interest in the supposed next level of the Internet.
What is web 3.0?
After many mainstream companies like Adidas, Samsung or Nike Having penetrated the virtual parallel world, interest in the “Metaverse” steadily increased. Especially blockchain games like Decentraland or the sandbox they have since benefited from the hype surrounding the supposed new virtual discoveries.
A brief history of the web.
Web 3.0 is seen as the next stage in web evolution. The terms Metaverse and Web 3.0, often also Web3 in English-speaking countries, are regularly incorrectly treated as synonyms. After all, the metaverse, or the various metaverses, is just a symptom of Web 3.0, while Web 3.0 signifies the entirety of the decentralized Internet.
However, Dorsey is not criticizing the basic idea of Web 3.0 here. By contrast, on the list of people known to campaign for the decentralized design of our world, Dorsey is probably pretty high up. For the president of the bloc, however, it depends on the implementation of this decentralized vision.
According to the 45-year-old, the backers of the digital future do not feed on altruism, but on greed. Because where billionaire tech giants and venture capital firms pull the strings, the masses don’t have much to say. In this context gets involved Dorsey also joined DeFi leader Ethereum. Ultimately, this is the network that enables a large part of Web 3.0 developments.
Web 3.0 as a Trojan Horse?
It remains to be seen if Web 3.0 will truly become a land of milk and honey for crypto enthusiasts and other digital natives. While the vision of a decentralized Internet is gaining popularity, some problems are emerging with the implementation of the new Mecca. Because the usual suspects tarnish the landscape on Web 3.0 with their reputations, which we know from the Internet today. Meta and company strive to carry the idea of decentralization on their foreheads. However, they are working on the Metas Universe instead of the Metaverse. The assumption that those Silicon Valley venture capitalists who built the Web 2.0 power structures will pave the way for a decentralized Internet without a platform economy can probably be called naive.
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