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Alex Tapscott, Co-Founder of the Blockchain Research Institute, discusses the implications of Web3 in his book. They explore the role of stable coins, scalability, big companies entering the space, and the potential impact of Web3 on industries like housing and art.
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Quick takeaways
- Web3 represents a decentralized environment that aims to regain control of the web from tech giants like Meta and Twitter, posing a potential threat to centralized platforms.
- Web3 introduces the Read Right Own Web, granting individuals ownership of their data, identities, digital creations, and digital goods, and enabling peer-to-peer value transactions through blockchains.
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Web3 as a decentralized environment
Web3 is a decentralized environment built on crypto technology, where independent collaborators aim to regain control of the web from tech giants like Meta and Twitter. This movement, also known as Web3, poses a potential threat to centralized platforms. Web3 represents a shift towards a new digital age, where various emerging technologies such as Blockchain, AI, and the Internet of Things are related and interconnected.
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