Web3 is supposed to change by decentralizing it with the help of the internet.
Nobody seems to know what benefits would apply to the real world as it exists today.
The billionaire investor and Web3 advocate struggled to explain a practical, real-world use for the technology during a recent chat.
The creation of "unique digital property" was one of the new "monetization methods" that Andreessen spoke about when he was pushed to explain the benefits of Web3.
"It's injecting at a very fundamental level, internet-native money and economic incentives to a system that simply hasn't had that," he said.
He asked if the key difference was being able to sell collectives more readily with the NFT model. I don't think they sound big to me.
The question was not addressed by the man, instead he focused on the size of the media market in general.
Proponents of Web3 argue that the average netizen will be able to benefit from a system that isn't dependent on corporations.
The reality is already different. The argument falls flat considering where the NFT market is headed.
New institutions have gained power and have the power to determine who benefits from the system and who doesn't.
Scale and marketing budgets have helped companies in the case of cryptocurrencies exchanges.
Increasingly centralized corporate actors are moving us away from the kind of self- acting communities Web3 promises to harbor.
There is a regulatory black hole that all of this is in.
Will any of it give anyone the tools to make a living that web 2.0 doesn't?
It's not looking like it's going to happen given that we haven't heard about it.
Critics argue that we shouldn't take promises from people at face worth.
"Don't let anyone tell you that you don't get Web3," Vice journalist Edward Ongweso Jr said in his response to the video.
It's self-referential and non-existent which is why Web3 advocates struggle to define, explain, or distinguish it.
Awesome woman destroys "predatory" tHem to death.
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