The Money Movement with Jeremy Allaire | Leaders in Blockchain, Crypto, DeFi & Financial Inclusion
Ep 90 | The Web3 Revolution | A Conversation with Alex Tapscott
Nov 3, 2023
Alex Tapscott, an expert in blockchain technology, discusses the transformative impact of Web3. They explore the empowering features of Web3, programmable money, and a new way to organize and govern value. They also discuss the missing economic layer on the internet, the role of digital tokens, and the needs and desires in the digital economy. The podcast covers topics like network segmentation, Nike's digital assets, luxury brands, stablecoins, and the need for established companies in the Web3 revolution.
43:22
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Quick takeaways
- Web3 introduces an economic layer to the internet, empowering individuals with ownership and control over their digital assets.
- Tokens play a crucial role in Web3's economic layer, allowing individuals to have greater control over their economic lives online.
Deep dives
The Evolution of the Internet: Web1, Web2, and Web3
Web3 represents a fundamental change in the internet – an economic layer. Web1 was about accessing and presenting information, while Web2 focused on collaboration and user-generated content. However, Web2 platforms captured most of the value, leaving users with little control. Web3 introduces an economic layer, allowing individuals to own and control their digital assets, including data and financial assets. This shift empowers internet users, offering them more autonomy, privacy, and freedom. The economic layer creates new opportunities for business, culture, and society.
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