Web3: The next generation of the web is here apparently

I'm not a big fan of the web3 concept, but the article doesn't get it at all.

It's not about cryptocurrencies and smart contracts. Permissionless DNS, no central authority controlling domain issuance, redundant data storage without a big data center, uncensorable overlay networks. This is what it is about.

Then, of course, people can use the same tools to do financial stuff.

I'm not a big fan because I'm not convinced that you need all the incentivization they keep cramming into everything (most often to raise funding for their development more so than because it improves the system they're building), but then again look at the ad driven hell hole that the internet has devolved into with no clear incentive structure. Maybe they're right, maybe you need incentives built in and carefully designed beforehand.

Out of all the options, the metaverse is the most viable one. The most probable contestants to Meta (FB's marketing scheme) are Apple and Sony (PS)