Web 3

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Molly's big gripe is with the claim that web 3 will disperse power on the internet. She says it deliberately misrepresents what web 3's supposed decentralization is actually all about. Molly: A lot of the same venture capitalists and gigantic tech firms are beginning to try to cement their footholds in this web 3 space. It's impossible, she says, to separate the technology of web 3 from the casino of the crypto markets.

In the second episode of the latest season of Tech Tonic, FT columnist and host Jemima Kelly tries to understand why an influential Silicon Valley investment firm thinks that Web 3 is a good bet. Will blockchain technology really be the foundation of a new internet era? Is Web 3’s promise to decentralise the internet going to pose a challenge to companies such as Facebook and Twitter? The FT’s innovation editor John Thornhill interviews Chris Dixon, head of Andreessen Horowitz’s crypto fund, and Jemima talks to Molly White, author of the Web3 Is Going Just Great blog.

Presented by Jemima Kelly. Special thanks to John Thornhill. Edwin Lane is senior producer. Produced by Josh Gabert-Doyon. Executive producer is Manuela Saragosa. Sound design by Breen Turner, with original music from Metaphor Music. The FT’s head of audio is Cheryl Brumley.

News clips credits: CBC, NBC, CNN.

Read a transcript of this episode on FT.com

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