One may ask, if Web 3.0 is a largely crypto-construct, then why are crypto advocates like Dorsey and Musk dismissive of it?
The large number of corporations investing huge sums in Web 3.0 development make it hard to imagine that their involvement wouldn't amount to some kind of centralised power, contrary to its decentralised concept.
Plus, at the end of the day, a truly "trustless" and "permissionless" internet might end up doing more harm than good because there is only so far that liberty can prosper without misuse (sorry, Rousseau)!
However, the appeal of Web 3.0 lies in its association with the blockchain technology. And due to that, proponents of Web 3.0 take solace in the fact that even if you don't own the internet, you can still maybe control pieces of it.
But for now, Web 3.0 is simply a promised future internet that fixes all things people don't like about the current internet, even when it's contradictory.
read more :- https://transfin.in/what-is-web-30-and-why-is-it-the-new-tech-buzzword
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