These Are Not the Apes You Are Looking For
If the funders, developers, and artists pushing NFTs and Web3 get their way, the media landscape will look very different from what it looks like now.
These Are Not the Apes You Are Looking For Read MoreTag: Web3
Web3 (also sometimes [imprecisely] referred to as Web 3.0) is a general idea for a decentralized Internet based on public blockchains.
—Wikipedia, “Web 3.0”
Web3 (also known [imprecisely] as Web 3.0) is an idea for a new iteration of the World Wide Web which incorporates concepts such as decentralization, blockchain technologies, and token-based economics. Some technologists and journalists have contrasted it with Web 2.0, wherein they say data and content are centralized in a small group of companies sometimes referred to as “Big Tech”. The term “Web3” was coined in 2014 by Ethereum co-founder Gavin Wood, and the idea gained interest in 2021 from cryptocurrency enthusiasts, large technology companies, and venture capital firms. The concepts of Web3 were first represented in 2013.
Critics have expressed concerns over the centralization of wealth to a small group of investors and individuals, or a loss of privacy due to more expansive data collection. Billionaires like Elon Musk and Jack Dorsey have argued that Web3 only serves as a buzzword or marketing term.
NOTE: This article is about the concept of a World Wide Web based on public blockchains. For the concept based around machine-readability, also called Web 3.0, see Semantic Web. Not to be confused with Web3D.
—Wikipedia, “Web3“