Bob Hawkes on Web3

Digital Pandit

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It seems everyone is talking about Web3. But beyond the buzzword, what exactly is Web3?

Many define Web3 in terms of components: cryptocurrencies, NFTs, blockchain, decentralized domains, DAOs, etc. But to my mind, that does not explain in a clear way what makes Web3 fundamentally different from the web of the present and past. Nor does it fully answer what new opportunities Web3 may bring, or new risks it may pose.

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