Bankless From Web1 to Web3: Why Are We Here? | Matt Cutler
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Nov 25, 2024 Matt Cutler, founder of Blocknative and a seasoned entrepreneur, shares his wealth of experience from building companies through various internet eras. He reflects on the early days of the internet, discussing innovations like Gopher and the Mosaic browser. Cutler articulates the importance of understanding the 'why' behind Web3 and its economic potential, addressing both skepticism and the transformative changes in decentralized finance (DeFi). He emphasizes the need for innovation and supportive regulations to navigate the challenges of today's blockchain landscape.
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Early Internet Days at MIT
- Matt Cutler started his first internet company in 1994 as an undergrad at MIT, where he had access to the early internet.
- At the time, internet access was limited, with tools like Gopher, and the potential of the internet wasn't widely recognized.
The Mosaic Browser's Impact
- The Mosaic browser, based on the World Wide Web protocol, changed everything in 1994.
- Developed by Marc Andreessen's team, it made the internet more accessible and user-friendly.
Web3's Parallels to the Web's Origins
- Tim Berners-Lee created the World Wide Web at CERN to facilitate data sharing among researchers.
- This mirrors the current development of Web3, driven by the need for new communication protocols.