Web3 has been used by a few communities to push future visions of the web, including the “semantic web” where web data is better structured with meaning than currently exists, and “the internet of things” where various devices other than traditional servers and personal computers more natively integrate over the internet.
Today, the most popular meaning of Web3 relates to the vision of a decentralized web that’s been promoted by distributed systems engineers and since co-opted by the broader blockchain community, notably the venture capital firm Andreesen Horowitz.(A16Z has 3 billion dollars invested (last heard) in this new vaporware.
Here’s something more:
The Web3 foundation was founded by Dr. Gavin Wood, a computer scientist notable for designing the Ethereum Rust client, the Ethereum smart contract language Solidity, and the Polkadot cryptocurrency invented to improve the scalability of blockchains by offering cross-chain compatibility solutions. The foundation describes their mission as “to nurture cutting-edge applications for decentralized software protocols.”(Jargon, Jargon, Jargon alert!!
When you have nothing else, fill up the PR pitch with jargon.
Here’s some randomly generated jargon:
At Web3, we have proven we know how to morph intuitively. Without well-chosen power shifts, integrated re-sizing are forced to become 60/60/24/7/365. The ability to leverage strategically leads to the aptitude to deliver strategically. A company that can synergize easily will (at some unknown point in the future) be able to evolve fiercely. Do you have a plan to become end-to-end? If all of this comes off as unclear to you, that’s because it is! What does it really mean to empower “nano-cyber-proactively”? Our technology takes the best features of Unix and HTML. Imagine a combination of HTML and Rails. Think world-class. Think C2B2B. Think interactive. But don’t think all three at the same time. Without bloatware, you will lack 60/24/7/365, world-class metrics.
Definitely: We need a more contemporary reimagining of our holistic strategic matrix approaches.