You, me, and Web3: how Internet’s next avatar will transfer power from Big Tech to the people
Synopsis
Calendar 2022 will be the year of Web3, which promises to be decentralised. With the power shifting from Big Tech to users and applications running on blockchain, it promises more privacy and security on the Internet besides changing the way value is generated in the digital world. But Web3 will take time to achieve that lofty goal.
The run-up to 2022 has turned out to be a busy one for a few tech geeks and investors. No, they weren’t predicting the number of new unicorns that will be created in the new year or discussing new ideas to invest in. Instead, they were sparring online over what’s seen as the third iteration of the Internet — Web3.Twitter founder Jack Dorsey was quite blunt in his comment about the ostensibly more democratised version of Web2, which is dominated
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