Remember AOL chatrooms and downloading songs through Napster? The internet has come a long way.
Today, it’s dominated by Meta, Google and a handful of other tech giants whose services have made it easier for billions of people to communicate and share content online.
But at what cost? “If something is free, you are the product,” so the saying goes — the only reason platforms like Facebook and YouTube can offer their services for free is because they use our personal data to target us with ads.
“Right now, you have big organizations who are controlling your data and providing you services that use your data,” says Bertrand Perez, chief operating officer of the Web3 Foundation.
Web3 is a hypothetical, future version of the net based on blockchain technology. Crypto enthusiasts say their vision for the web would decentralize it, pushing it closer to its roots. But big-name detractors — from Jack Dorsey to Elon Musk — aren’t convinced.
Watch the video to learn more about Web3 — what it is, and what its future may be.
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Today, it’s dominated by Meta, Google and a handful of other tech giants whose services have made it easier for billions of people to communicate and share content online.
But at what cost? “If something is free, you are the product,” so the saying goes — the only reason platforms like Facebook and YouTube can offer their services for free is because they use our personal data to target us with ads.
“Right now, you have big organizations who are controlling your data and providing you services that use your data,” says Bertrand Perez, chief operating officer of the Web3 Foundation.
Web3 is a hypothetical, future version of the net based on blockchain technology. Crypto enthusiasts say their vision for the web would decentralize it, pushing it closer to its roots. But big-name detractors — from Jack Dorsey to Elon Musk — aren’t convinced.
Watch the video to learn more about Web3 — what it is, and what its future may be.
#CNBC
-----
Subscribe: http://cnb.cx/2wuoARM
CNBC International TV: https://cnb.cx/2NGytpz
Facebook:
https://www.facebook.com/cnbcinternat...
Instagram:
https://www.instagram.com/cnbcinterna...
Twitter:
https://twitter.com/CNBCi
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Francisco Gimeno - BC Analyst We would think that someone like Musk would support Web3, the alternative vision of the Web, based on new techs, one of them the blockchain. This is the vision. But what is going really to be in reality (or "digitality"if we can afford to do that pun)? How are we going to define Web3 in practicality? There is where these two leaders put their objections. Too much decentralisation can lead to hype and idealist landscapes which at the end don't go anywhere. This is what happens even with DAOs, which are awesome tools but in reality a real change of ways of thinking and work, difficult to put in practice. Elon and Jack warn us about staying with the hype and not going beyond it. Just going with the buzz and the novelty doesn't work.