Making Sense of Web 3
The internet is changing again. Over the last decade internet-based services have trended towards centralization. Today, a handful of companies control the platforms we use to search for information, store our personal data, manage our online identities, and communicate publicly and privately. At the same time, a group of seemingly unrelated technologies are being developed on the fringes of the tech industry, ranging from encrypted messaging to digital money. Within that loose community, “web 3” has become a catchall term for a vision of a new, better internet. An internet where payments and money are natively digital, where “decentralized” applications compete with centralized ones, and where users have more control over their identity and data. ...