'I have seen the future, and it works.' But is it Web3?
What exactly is Web3, what does it mean to have a decentralised Internet, and how should investors navigate the minefield of experimental protocols and projects?
HAVE you seen Web3? Web3 is undoubtedly one of the biggest buzzwords in 2021. It typically refers to the dream of building a decentralised Internet that will disrupt Big Tech corporations. Hence, both Web3 and decentralisation concepts are often mentioned together.
But buzzwords often lead investors to jump onto the bandwagon, and sometimes with both eyes closed. In this column, I would like to help demystify the Web3 concept and highlight the key concepts for investors.
To me, Web3 is an exciting thesis but really still a work-in-progress - mainly an experiment for now. Web3 ventures fall into the riskiest of profiles.
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