THE INTERNET MAY HAVE evolved from a niche pastime to an essential part of our day-to-day life but for many, it’s problematic. The internet in its current form, Web 2.0, has become too centralized with only a handful of big technology companies – and governments – dominating the market. There’s even a collective name for these giants who have transformed the way we work, shop and socialize: FAANG – Facebook (now Meta), Amazon.com, Apple, Netflix and Google-owner Alphabet.
Web 3.0 is the third generation of the internet, a decentralized online ecosystem based on the blockchain. The term was coined by a computer scientist named Gavin Wood in 2014. Wood co-founded Ethereum, the decentralized blockchain platform behind the cryptocurrency ether (ETH).
In a podcast with CNBC, Wood explained that the biggest issue with Web 2.0 is trusting the people behind the services: “We’ve managed to architect ourselves into this somewhat dystopian version of what the world could be,” he said. This is why, for many, Web 3.0 is about looking at the internet in a more distributed and democratic way. It’s also a critical building block towards creating the metaverse, an immersive online world. Venture capitalists are investing billions of dollars into this future vision while others remain sceptical, calling Web 3.0 a marketing buzzword and a pyramid scheme. Both Elon Musk and Jack Dorsey, the former CEO of Twitter, are known to be ‘against’ the concept, Musk tweeting that “Web 3 isn’t real” and that he couldn’t see a compelling use-case for the VR-driven metaverse.
Diese Geschichte stammt aus der August - September 2022-Ausgabe von Forbes Africa.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der August - September 2022-Ausgabe von Forbes Africa.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
TRACK, WATCH, BEFRIEND
IN THE PRISTINE WILDERNESS OF GABON ARE THE MAJESTIC AND GENTLE WESTERN LOWLAND GORILLAS. A FIRSTHAND REPORT FROM OUR TRAVEL WRITER ON WHAT GOES INTO HABITUATING THEM.
CHALLENGING BUT NECESSARY: THE AI BALANCING PROBLEM
Artificial intelligence (AI) continues transforming many industries, providing unprecedented opportunities for innovation and efficiency. However, these advancements bring complex challenges that necessitate a delicate balancing act.
BEYOND ACADEMIA: THE SOCIETAL IMPACT OF MULTILATERAL EDUCATIONAL COLLABORATIONS
The great poet William Butler Yeats once said, \"Education is not the filling of a pail, but the lighting of a fire.\"
The Business Of Dance: Embracing One's Individuality And Style
In the dynamic world of street dance, passion and perseverance pave the way for success. Living out this ethos is South African born B-girl turned businesswoman, Courtnaé Paul.
COMPASSION FATIGUE: THE DANGEROUS DESCENT FROM HELPING TO HURTING
It is a workplace reality that caring too much for your colleagues can hurt you.
IT HAS NEVER BEEN MORE CRITICAL TO FIND OUR NICHE
Have you found your niche? I received a lot of advice when I set up my company, but perhaps the most important consisted of just three words: Find Your Niche.
HOW TO MAKE AFRICA WIN OFF THE FIELD TOO
When all else fails, try sports. It's good for the soul.
BEAN THERE, DONE THAT
British author Roald Dahl tapped into every chocoholic's imagination when creating Willy Wonka's bizarre chocolate factory in his 1964 children's novel Charlie and the Chocolate Factory.
IT DOESN'T GET ANY BETTER THAN WORKING WITH AL PACINO ON BROADWAY'
Arnold Vosloo Actor
BLENDED FINANCE: BRIDGING THE GAP IN EMERGING MARKETS IN SUPPORT OF THE SDGS
Amid the widespread global support for the United Nations' Sustainable Development Goals (SDGs), there was an underlying concern among economists and financial advisors in the emerging and frontier markets: public sector and donor funds were stalled, if not regressing, and the funding gap to realize the SDGs was increasing.
