Wiser! #52 (Premium): Part 2 of the Web3 Series looks at the role of nascent decentralised technologies defining the next iteration of the Internet economy.
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Power to the People
In the vernacular of Web3, companies will be decentralised autonomous operations, communities will be tokenised, identity will be confirmed through your Web3 wallet, payments will be in cryptocurrency and digital assets will be minted as NFTs.
Say What!? If this sounds confusing, hang in there. I'm going to try and make sense of it for you. Because the way to think about Web3 is that it is the rebadging of the crypto economy. (BTW, remember that this is Part 2. Part 1 is here.)
To start with some definitions: