In this episode, join Tracey, Blake and Craig as they explore the exciting world of Web 3.0! The Internet has gone through two notable phases and is currently moving into its 3rd iteration. In the beginning, the internet served largely as a free repository of information, serving only a small sector of society. Then companies found a way to monetise the internet and used it to sell products. As we begin the transition to Web 3.0, the promise of decentralized internet means we may be able to regain ownership of our data. With the invention of NFTs, we now have a system of verifiable and decentralized digital ownership within the Web 3.0 ecosystem. We can program the smart contract linked to an NFT to process certain functions automatically, like royalty payments or change in ownership. In this way, users keep complete ownership of their work with no need for third-party mediation.

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12 - Web 3.0 | the next stage of the internet

Crypto Curious

12 - Web 3.0 | the next stage of the internet