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Elon Musk and Jack Dorsey are talking about ‘Web3’ – here’s what it is and why it matters
Tesla CEO Elon Musk and Twitter co-founder Jack Dorsey — two of the world’s best-known tech billionaires — have been voicing their thoughts on a hypothetical new iteration of the internet this week: “Web3”. While still a hazy concept, Web3, or Web 3.0, has been hailed by proponents as a decentralized version of the internet based on blockchain, the technology behind many major cryptocurrencies and nonfungible tokens, or NFTs. A plethora of entrepreneurs around the world are trying to design and build the technologies and protocols that would support Web3. Advocates oeb3".