Monday Oct 09, 2023

Web3: Charting the Internet’s Next Economic and Cultural Frontier

Web3: Charting the Internet's Next Economic and Cultural Frontier

The evolution of the internet from the read only web1, to interactive web2 of social media platforms like Facebook and Google, all the way to web3 where the emergence of decentralization and the absence of intermediaries and the exploration of intelligent autonomy.

We have come a long way and in this episode, Ian Andrews (CMO, Chainalysis) talks with best selling author and co-founder of Blockchain Research Institute, Alex Tapscott to talk about his latest best selling book, WEB3 and the misconceptions about the internet’s next economic frontier.

Alex and Ian dive deep into the topic of creator ownership, the balance between privacy and transparency in Web3 and the untapped potential of the Metaverse.

Alex explains why he is optimistic about the future of Web3 adoption and the global impact it has in underbanked and underemployed regions and the need for every company to think about a Web3 strategy.

Minute-by-minute episode breakdown

  • (2:18) - Alex’s inspiration behind writing the book and the need to demystify web3
  • (5:08) - The evolution of the internet from web1 to web2 to web3
  • (9:20) - Balancing commercialization and the focus on ownership in web3
  • (14:06) - The potential market size for web3 and how big is the creator economy 
  • (21:25) - Implementation hurdles for privacy and transparency balance in web3
  • (27:02) - The future of the Metaverse and its impact on the future of the web
  • (33:12) - Acceleration of web3 implementation at the enterprise level
  • (35:45) - Examples of web3 adoption in countries all over the world
  • (38:18) - The relevance of Web2 companies in the future and who will capture value in the next cycle of innovation

Related resources

Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key.

Speakers on today’s episode

  • Ian Andrews * Host * (Chief Marketing Officer, Chainalysis) 
  • Alex Tapscott  (Author, Web3: Charting the Internet's Next Economic and Cultural Frontier)

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