Web3 Sale

· 2 min read
Web3 Sale

Web3Sale.net is for sale!

What is Web3?

There are a bunch of ways to answer that question - but I’d argue that the simplest definition is to contrast it with what web 1 and 2 were:

Web 1.0: Web 1.0 was basically the first version of the internet. Most people on the web consumed content, and the creators were typically developers who built websites that contained information in text or image format (anyone remember geocities?). Web 1.0 lasted approximately from 1991 to 2004.

Web 2.0: Today’s web. We’re all content creators sharing our thoughts amid several platforms that are primarily owned by a handful of companies. Infrastructure is largely centralized through a few big companies (Amazon, Google, Social Media Companies, etc.), and privacy is, well, “meh”.

Web 3.0 is a little different. While the full definition of what web3 can be is pretty exhaustive, I’m going to boil it down to 3 things:

  • Distributed
  • Self-Governing
  • Verifiable

In web 3, applications don’t run on single servers in the cloud - rather they are powered by decentralized blockchain technology that potentially has the ability to create a much more secure and elastic framework for interactions.

  • Web3 technologies and non-fungible tokens have already reshaped the art world as proponents seek to democratize access to digital assets.
  • There are concerns about crypto's sustainability but the Ethereum 'merge' showed that it was possible to cut the network's energy usage by 99.5%.
  • Lessons from the art world show that Web3 technology could be used to transform our consumption habits and stop excessive production.

To conclude, Web3 and NFTs can reshape our symbiosis between the physical and the digital realms to optimize our polluting consumption economy while improving end users’ ownership over their digital assets.

We should strive for conscious consumerism and endow impactful digital and NFT initiatives.

We can use Bill Gates's cynical remark earlier this year that "expensive digital images of monkeys" would "improve the world immensely" as a driver toward meaningful exploration of Web3 possibilities.

Not for the sake of short-term benefits reap, but as a powerful conduit between communities, artists and computer engineers to support ideas that can improve our physical and digital well-being.