Web 3.0: How to Invest in the Next Internet Revolution

3 projects revolutionizing web 3.0

Isaiah McCall
Yard Couch

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The internet today is broken by design.

This is why seven years ago the founder of Polkadot and co-founder of Ethereum Dr. Gavin Wood coined the term Web 3.0 — the next logical step in internet technology.

Wood envisioned a more open, trustless, and permissionless internet. Orchestrating his vision would be cryptocurrencies like Ethereum, Polkadot and Cardano.

Web 3.0 isn’t ruled by a handful of centralized authorities, like big tech, rather a democratized online community. It emerged as social media companies were no longer valued by the size of their userbase, but by something much more sinister.

“In fact, it’s increasingly not so much about that, and increasingly about the data these users generate,” Wood said in a Third Web podcast recorded in 2019. Today Silicon Valley startups are funded based on how efficiently they can harvest data. On some platforms, almost every action you take is recorded.

“This can be things like targeted advertising, but it can also be other things like just learning better about how the world works,” Wood said. “You can start to predict what people are thinking. You can start to understand the political changes afoot in a country. You can…

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Isaiah McCall
Yard Couch

Journalist for 99Bitcoins and former USA Today, also Ultramarathoner | On Substack: https://isaiahmccall.substack.com/ mccallisaiah@gmail.com