It’s hard to escape the hype and mania surrounding Web3 — often described as the next generation of the internet based on blockchain and cryptocurrency technologies.
Supporters of this new paradigm claim that it will enable digital ownership over content and art — even bringing an end to Big Tech companies like Amazon and Facebook. Meanwhile, you’ll find no shortage of skeptics and critics that argue the system is fundamentally flawed and threatens to destroy the freedom and openness of the internet.