Decoder with Nilay Patel Chris Dixon thinks web3 is the future of the internet. Is it?
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Apr 12, 2022 
Chris Dixon, a general partner at Andreessen Horowitz and a crypto visionary, dives deep into the transformative potential of Web3. He discusses the shift from corporate-controlled internet to a decentralized model, emphasizing blockchain and NFTs' role in empowering creators. Dixon tackles the environmental concerns of blockchain, particularly comparing proof of work and proof of stake. He also highlights challenges in integrating Web3 with existing tech giants and the need for fair competition to foster innovative digital ecosystems.
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Web3 Definition
- The web has evolved through three eras: Web1 (open protocols), Web2 (centralized platforms), and Web3 (decentralized functionality).
- Web3 aims to combine the best of both worlds, offering advanced functionality with the predictability and neutrality of open protocols.
Twitter's API Change
- Chris Dixon's interest in Web3 stemmed from Twitter's API change, which negatively impacted startups built on the platform.
- This highlighted the shift from open protocols to company-controlled services.
Blockchain as a Database
- Blockchains function as community-owned databases, unlike corporate-owned networks.
- This characteristic enables global namespaces and follow graphs, preventing monopolistic control.
