– What is Web 3.0, and why is it a big deal?
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Web 3.0 is an attempt to introduce hard user ownership and artificial scarcity. Right now, you have systems that can treat data as unique within themselves, but they can’t transfer out to other systems by default. You have things like skins/pets in games, movies/music collections on iTunes, or kindle ebooks which cant really leave their services. It’s like how if Steam just closed up shop tomorrow you could just lose access to everything you have on there.
Web 3.0 would be an attempt to make all that ownership portable between systems and under your control. That’s why crypto is kind of the posterchild of web 3.0 right now, because the blockchain represents a way for users to own and trade digital objects.
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