The buzzword of 2021 was unmistakenly Web 3.0.
Facebook, Instagram, Medium, TikTok, Twitter: Web 3.0 dominated the discourse. Investment funds were flocking to invest in any company loosely affiliated with the hottest new trend on the web.
Depending on who you spoke to or what you read, Web 3 would kill Facebook, Twitter and every other popular website and application. In its place, Web 3 decentralised alternatives would take their place.
Web 3 is the ultimate crypto enthusiast wet dream.
Except not one single project has delivered the promise of a decentralised alternative to anything; instead, Web 3 has been nothing more than a bunch of rug pull scams run or endorsed by celebrities looking to make a quick buck (look up Floyd Mayweather and his crypto scams).
You see, Web 3 is a problem looking for a solution. People don’t care if the platforms they use are walled gardens or decentralised blockchains. People who use Instagram never stop and wonder if their images are being stored in some decentralised ledger of mathematical problems.
Most of the Web 3 projects I’ve heard about are nothing more than whitepapers or shower thoughts. Despite VC funding finding its way into the blockchain space, is there a single worthy project that doesn’t require you to buy their scam ERC-20 tokens to use?
I leave you with this final gift: https://web3isgoinggreat.com/