Web3 equally comes to give power and control to individuals other than the governments. Web3 also brings freedom and true ownership to individuals. Many don't know that the money in their bank accounts isn't theirs because both the government and banks can decide to do anything with your money without seeking for your permission. Your crypto asset will always be yours and in your custody until you are careless.
For those making a joke out of web3 or noting that cryptocurrency solves no real life problem, I guess it's ignorance because crypto solves a lot of real-life problems like unemployment issues, ease of transactions and the likes.
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That is true. Money in a bank account is only yours with the permission of the banks and government. There are many instances where this permission was removed, where governments claimed it as theirs.
Web 3.0 offers the option of changing that completely. It is not going to spring up overnight. We need to keep decentralizing each layer of everything.
The illusion of Web 3.0 that is being promoted does not match the reality of what some of us are building.
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Exactly! Many perceive web3 to be all about the "MetaVerse" and maybe NFTs. But I think that, web3 goes beyond these few areas. The impact of web3 should be felt off the internet.
On another note, the applications of blockchain technology is so enormous to only be centered around buying and selling of cryptos, metaverse and NFTs. It's hightime we began channelling blockchain technology towards the medical sector, educational sector to mention but a few.
Like you stated, it won't happen overnight. It's indeed a time-taking process but it can be achieved
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I view the Metaverse as Web 5.0. That means we are building something that will be incorporated into it yet Web 3.0 is not that.
That said, we are seeing it emerge now and going to extend in many different areas. We did not expect Web 2.0 to move in the directions than it did.
It will be interesting to see what sectors it truly does enter into. I think it will be more than we can think about right now. The impact is going to be great.
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Yeah, it's impact will really be massive and revolutionary.
That's being said, we should count ourselves lucky that we have this knowledge and are also part of the early adopters of this world-changing move.
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Without a doubt, the ones who are here now are the trailblazers. We are going to need patience for things to develop. Nevertheless, we are the ones building for the next wave of people who enter.
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Exactly! As early adopters, we need to position ourselves well in terms of investments pending when things get fully developed. This will enable us make better profits.
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It also helps us to pave the way for others who follow. Will we profit handsomely? Yes and we should. But others will also be able to benefit financially also.
That is how it all unfolds.
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