Web3 – Current State of Affairs
Web3 is a blockchain-based attempt to technically and socially improve and decentralize the World Wide Web.
NFTs, so called non fungible tokens that can represent digital art, music and videos, saw a huge increase in demand last year, reaching $44 billion. The blockchain network that most NFTs are traded on is Ethereum. The massive media coverage, however, drew attention to another issue: the huge energy wastefulness involved in cryptocurrency mining. This...
The Internet’s first two decades, roughly from the 1980s to the early 2000s, was built on open protocols and managed by the community. This allowed people and organizations to grow their Internet presence while knowing that the rules would not change in the future. This first Internet era saw the creation of huge web platforms...