Chapter
The evolution of the internet from web 1.0 to web 3.0
19:36 - 27:58 (08:22)
Web 1.0 was the creation of the internet back in the 1990s, followed by the development of Web 2.0 which changed the way we interact with the internet. Now, Web 3.0 is focused on open protocols and empowering users of the network, rather than companies, with no need for marketing or traditional infrastructure setup.
Clips
The web has undergone three significant changes since its inception.
19:36 - 23:19 (03:43)
Summary
The web has undergone three significant changes since its inception. Web1 was the creation of a killer app on top of the internet in 1990, Web2 was the era of user-generated content and social media, and Web3 is the current era in which people invest in the network through money, resources, or proof of work to keep it decentralized.
ChapterThe evolution of the internet from web 1.0 to web 3.0
Episode#542: Chris Dixon and Naval Ravikant — The Wonders of Web3, How to Pick the Right Hill to Climb, Finding the Right Amount of Crypto Regulation, Friends with Benefits, and the Untapped Potential of NFTs
PodcastThe Tim Ferriss Show
Virtual computers are computers that run on a network of physical computers and enable the creation of smart contracts, which are code that continue to run in a certain way.
23:19 - 24:49 (01:30)
Summary
Virtual computers are computers that run on a network of physical computers and enable the creation of smart contracts, which are code that continue to run in a certain way. Tokens can be fungible or non-fungible, such as NFTs.
ChapterThe evolution of the internet from web 1.0 to web 3.0
Episode#542: Chris Dixon and Naval Ravikant — The Wonders of Web3, How to Pick the Right Hill to Climb, Finding the Right Amount of Crypto Regulation, Friends with Benefits, and the Untapped Potential of NFTs
PodcastThe Tim Ferriss Show
The decentralized nature of web 3.0 allows for protocols and communities to be built where the value and control are in the hands of the users, not a corporation.
24:49 - 27:58 (03:08)
Summary
The decentralized nature of web 3.0 allows for protocols and communities to be built where the value and control are in the hands of the users, not a corporation. Even major players in the cryptocurrency market, such as Coinbase, have never spent a dollar on marketing, relying instead on community support and the value of their protocols.