What is Web3, and is it the future of the internet?

Рет қаралды 244,565

2 жыл бұрын

Some crypto enthusiasts want a new kind of internet that yanks power away from Big Tech and hands it to people. Can they succeed?
--
Remember AOL chatrooms and downloading songs through Napster? The internet has come a long way.
Today, it’s dominated by Meta, Google and a handful of other tech giants whose services have made it easier for billions of people to communicate and share content online.
But at what cost? “If something is free, you are the product,” so the saying goes - the only reason platforms like Facebook and KZfaq can offer their services for free is because they use our personal data to target us with ads.
“Right now, you have big organizations who are controlling your data and providing you services that use your data,” says Bertrand Perez, chief operating officer of the Web3 Foundation.
Web3 is a hypothetical, future version of the net based on blockchain technology. Crypto enthusiasts say their vision for the web would decentralize it, pushing it closer to its roots. But big-name detractors - from Jack Dorsey to Elon Musk - aren’t convinced.
Watch the video to learn more about Web3 - what it is, and what its future may be.
#CNBC #Web3 #Blockchain
-----
Subscribe: cnb.cx/2wuoARM
CNBC International TV: cnb.cx/2NGytpz
Facebook:
/ cnbcinternational
Instagram:
/ cnbcinternational
Twitter:
/ cnbci

Пікірлер: 184

@Anonymous_Lee19 2 жыл бұрын

I have my doubts, perhaps someone in the comment section can enlighten me? 1) Are Web3 and cryptocurrencies as decentralised as marketed? - As mentioned in the video, how about the venture capitalists and liquidity providers behind the projects? - Terra Luna is the most recent example proving that certain cryptocurrencies are actually controlled by a few people, perhaps even more centrally controlled than major companies like Alphabet and Meta. 2) Is decentralisation really better? - Right now, we know which companies to blame if something goes wrong. - Does giving all kinds of developers access to Web3 guarantee a better product? "Too many cooks spoil the soup", isn't it? - I find it especially funny when people say that Web3 and cryptocurrencies should not be regulated. However, when something goes wrong (e.g. Terra Luna), their first reaction is to cry and run to the regulatory agencies. 3) Many claimed that having data stored in the blockchain is more secure, but cryptocurrency scams seem to be so common and sometimes irreversible.

@saulgoodman2018 2 жыл бұрын

Yeah. This video rally didn't say much.

@jasonfanclub4267 2 жыл бұрын

I agree it's easy to enter late when you already have much power

@ibramblebush 2 жыл бұрын

You have to understand we are only in the infancy stage of Web 3.0, Blockchain technology is not going anywhere.

@darf8475 Жыл бұрын

Web 3.0 has barely reached infancy stage yet. It’s likely we’ll see a mix of decentralized and centralization over the coming years. Technology never stands still and that includes the internet. It will evolve somehow, that’s a given. It’s probable this tech will be part of that evolution

@redbutterfly88 Жыл бұрын

very well said👏👏👏

@sag699 2 жыл бұрын

Dear CNBC Intl. I am a regular viewer of this channel. If u had just made this video 2 days earlier I could have had better chance of clearing my UPSC exam because a MCQ was asked on web 3.0 and I got it wrong 😂. Still might clear the exam though..🤞

@CNBCi 2 жыл бұрын

Thank you for watching our videos, and all the best for your exams!

@howdy111 Жыл бұрын

What happened bhai

@ericme5715 Жыл бұрын

@@howdy111 he failed now probably crying in a corner somewhere in his house 🏡

@Xtasea Жыл бұрын

@@ericme5715 still crying?

@ericme5715 Жыл бұрын

@@Xtasea maybe 🤔

@shinparvati4959 Жыл бұрын

6:31 "Yes we are here to invest, and we want the project to grow. We want to participate in the governance but there's room for others to participate into it." I would say that's a good way to see VC investments in the web 3 world --> About this, are there any ways in practice to restrict VC's participation in the token governance?

@Barweezy Жыл бұрын

Web 2.0: You are the VC’s product. Web 3.0: You are the VC’s exit liquidity.

@sehz1789 Жыл бұрын

faxx

@firmans12 8 ай бұрын

What is VC

@pavspol Ай бұрын

@@firmans12venture capitalists

@tonkonton Жыл бұрын

Great graphics and animations!

@stachowi 2 жыл бұрын

scammers going to scam... Web 1.0 was supposed to be decentralized... but it's natural for tech and money to centralize... same thing will happen with web 3.0 (already has, most of the tech is on centralized platforms).

@justiceessiel6123 Жыл бұрын

How many years of web3 experience do you have

@blackmamba677 Жыл бұрын

@@justiceessiel6123 yup

@rudi702 Жыл бұрын

Unstoppable Domains certainly is centralized 💩

@trillion7070 Жыл бұрын

@@justiceessiel6123 LOL

@The_Original_Hybrid Жыл бұрын

Only the normies will use centralised tech. Everyone else will use decentralised exchanges and privacy coins.

@shangweiliu1598 Жыл бұрын

human are too greedy to do such ideally novel creation. as long as the idea of money exists, there always comes the difference in power

@danieladoko3099 Жыл бұрын

Hello man, I want to ask?? now that there's is a new web development giving owner of data. How is it different from the dark web?? I just recently learned about web3 so I'm not what role does the dark web plays now?

@boredinloop Жыл бұрын

It's the exit plan in times of chaos that's the key. More crowd focus should be on that.

@witness1013 2 жыл бұрын

We have enough issues with centralized databases, so distributed databases are better ? Loool. None of what's discussed requires a Blockchain, nor take any advantage from a Blockchain that cannot be duplicated in the cloud.

@kenosabi Жыл бұрын

Except the part where it isn't controlled by Google or AWS. But close. You almost sound like you know wtf your talking about. Almost.

@witness1013 Жыл бұрын

@@kenosabi too bad you don't.

@yasirshahzad2769 Жыл бұрын

The best thing that he never takes credit of his hard work ❤️respect for creators 🙏

@steeneugenpoulsen8174 Жыл бұрын

I don't know if you realize it, but they lied to you when they told you web2 was centralized, use some program to record the number of host sites involved when connecting to a site and you will find there is tons of sites all over the net being contacted, there is nothing even remotely "centralized" about it in the way we normally use the word.

@geolykos Жыл бұрын

Maybe this can work for a few things but most actions require authentication or authorization. So if everything is decentralized who is responsible for identifying/verifying you? It doesn't sound this is possible with Web3?

@kevin_00001 Жыл бұрын

You can log into any web3 app with your wallet. Your wallet has an address and can sign transactions (login).

@blank1611 Жыл бұрын

youve failed before youve started and im loving it

@rationalnation161 2 жыл бұрын

decentralization sounds like a gun act in usa, just imagine give control to people oh yeah they are just gonna messed it up

@sebastianpayancristancho5027 Жыл бұрын

The way the redhair brother explain this it is smooth...

@Rubenhood97 Жыл бұрын

Nice video

@af556 Жыл бұрын

#1 Reason is Separatism "Virtual Reality" (we want to be in a world of relatability)

@martinmiz Жыл бұрын

Web3 about to be killed by Web5 even before it matures.

@FlexsterBR Жыл бұрын

There are always less people who try to make changes and adopt first by taking risk. Majority follow later and make the previous risk takers profitable. Remember magic internet money?

@alparslankorkmaz2964 2 жыл бұрын

Nice video.

@CNBCi 2 жыл бұрын

Thanks!

@user-wr4yl7tx3w Жыл бұрын

May be less centralized but also less regulated. Who is fined or punished when something bad happens.

@CarlosSantana-yt5wx Жыл бұрын

Who was before ?

@Tech_Udy 6 ай бұрын

Reef chain features next-gen blockchain technology, utilizing Nominated Proof of Stake consensus, EVM extensions, on-chain upgradability, libp2p networking and state of the art cryptography.

@jimmyloby1591 Жыл бұрын

Goood explaining

@alfonstabz9741 Жыл бұрын

i'm not sure of big tech companies will get along.!

@acronproject 11 ай бұрын

Thanks

@dapure1718 Жыл бұрын

Web3 would need to have a rule as if everyone start with a certain amount of bitcoin for deciding to participate 🤔

@anthony64924 11 ай бұрын

That is what airdrops are

@co_co8380 Жыл бұрын

Web3 is people's search for Internet freedom

@JackMari Жыл бұрын

It's rare that a trend like that is real.

@pavspol Ай бұрын

Moving the world into a digital space you mean?

@peterjehu5461 Жыл бұрын

Centralization + decentralization( on choice ) = answer;

@silverflame2501 Жыл бұрын

I like this ... there should be alternative

@Jc-po5kb Жыл бұрын

All things go centralised. Don’t get confused.

@dapure1718 Жыл бұрын

What's the purpose if a lifespan is no more but if so not much than 120years do these blockchain information make sense to have if your not creating a business with asset that block chain can give identity to in a layered way I may have it wrong barly lookin in to this 😉

@GevEdgar Жыл бұрын

🍾

@lokesh303101 Жыл бұрын

Yes!.

@khalifa3335 Жыл бұрын

For all those naysayers, remember Bill Gates once wondered why anyone would need more than 640 kb.

@mannanhossain8513 Жыл бұрын

nice

@AdmiralBison Жыл бұрын

How about NATIONALIZING the Internet, making it as a non-profit utility as opposed to it being held and dictated by corporate service providers? There are many other options for “de”-centralizing.

@bensolo7000 Жыл бұрын

Because that is the whole point the transnational corporations are only beginning to take over the globe.

@anthony64924 11 ай бұрын

Wait so then who makes money?

@YoungDreezee Жыл бұрын

i did not know Web 3 name was created by the owner of Polkadot. Thats whats up

@platoscavealum902 Жыл бұрын

👍 ℹ️

@xatatech 2 жыл бұрын

Problem nowadays is, web3 is expensive

@10-OSwords Жыл бұрын

Well Musk knows all about empty marketing buzzwords...hyperloop, solar roofs, cybertruck...

@tshirtnjeans4829 Жыл бұрын

So in Web3, we're going to go back to crummy ads?

@hyhalloappcaringeveryday7136 Жыл бұрын

Wow

@69VAJRA 12 күн бұрын

Who owns the powergrid Who owns telecominfrastructure No regulations

@pareshpaul001 Жыл бұрын

Lband problem ???

@ghaffarali9450 Жыл бұрын

What I think is that if you are on the Internet you didn't have any privacy.

@seagrey75 Жыл бұрын

Money rules

@eshanaalam8785 Жыл бұрын

Evolution of net 360 zen

@ral2585 2 жыл бұрын

Why do people act like centralization is evil?

@BS-qu5wy 2 жыл бұрын

because they are stup*ds

@princejha4326 2 жыл бұрын

It's isn't the case. It has to do all about exploitation. You never want one political party to command the whole world.

@kamp8703 2 жыл бұрын

Because the so called finance crocodile or big company even government can take ur money whenever they want. Without our permission.

@hunterhealer8022 2 жыл бұрын

We progressed as a civilization from an autocratic absolute monarchy to decentralising power of people (democracy). Why cant we progress the financial part of it as well? Is absolute monarchy evil? Of couse not. But represents a single point of failure.

@ibramblebush 2 жыл бұрын

Corporations love it, they hate Blockchain technology tho.

@himankarchamoli Жыл бұрын

looks like host came from web3.0 !!!

@Zoom20102 9 ай бұрын

I think web 7 in future would be advanced think in are minds

@Rocket_Man 2 жыл бұрын

Make it complicated..

@joymelissa2894 Жыл бұрын

As a global integrated trading platform, OJA is designed to provide a variety of transactions such as spot and futures trading, over-the counter trading, whole network trading and decentralized trading

@niconico9361 2 жыл бұрын

Want to decentralization? Grant regular people with power to choose between IP Public/IP Private. Boost Open Source project and Open Standard. Those are a feasible way to decentralize.

@Hendreh1 Жыл бұрын

how about just let users build and host Websites for free? 🤔 that would already help a lot....

@thewanderer4509 Жыл бұрын

Hello. That sounds awfully a lot like what Holo developers (the people who released the Holochain (HOT) cryptocurrency around 4 years ago) are trying to develop now.

@Everything28208 Жыл бұрын

Yeah, ask the big corporation owners what web3 is! That's not stupid! Of course they're not gonna trash talk about it!!

@johnpinheiro6211 Жыл бұрын

Dame shirt!!????????? Give that man a raíse😄😁😅

@yoursubconscious Жыл бұрын

me: Pays for KZfaq but it's free. also me: I disappoint myself.

@ryz177 Жыл бұрын

These years are the early days of the internet. I truly believe this is the exact equivalent of the Web 1.0 in 1994.

@witness1013 2 жыл бұрын

No, it's absolutely not.

@AdrianAzian Жыл бұрын

Cnbc host looks like One from Stranger Things Season 4.

@louisrobitaille5810 2 жыл бұрын

Wasn't Web3 coined way before like in 2004-2005 or something?

@sehz1789 Жыл бұрын

web3 is vc exit liquidity just like someone mentioned above. but i do credit the invention of "transfer of value thru collective machines" this is very new

@miguelmejia1952 Жыл бұрын

Web 3 is what I will be releasing it as how the world will operate

@noompsieOG Жыл бұрын

I personally would love to get ads for things I want or need rather than the random crap I get now, I thought my phone was supposed to be listening to me and the tech companies getting to know me but so far I’m still getting tampon or insurance ads or ads for things that are completely not even related to me

@underconstruction6432 Жыл бұрын

Lmfao😂

@Zoom20102 9 ай бұрын

You should make your names call news CBNS technology news

@SebastianSipos Жыл бұрын

as a web dev, no, it's not.

@stevenmartin6271 2 жыл бұрын

Imagine a computer that is broken into specialized components, and where you can take your identity with you. Polkadot is coming. I wrote this comment without seeing any content.....but I can already see that whoever made this understands.

@pellestorck3776 Жыл бұрын

Like, the cloud..? :)

@Rubenhood97 Жыл бұрын

yes I think the web3 is the future

@carlosjosejimenezbermudez9255 Жыл бұрын

Web developer here with 7 years experience. No, it's a scam by the cryptobros and corporations that want to take advantage of it.

@bttb433 Жыл бұрын

Could you elaborate on this?

@6ixSince95 Жыл бұрын

Would love to hear more..?

@aroodam-ashokkumar Жыл бұрын

now I understand a bit.. I got confused with the web3 js!! though

@n17999- 8 ай бұрын

ICP next big thing, do sleep on it.

@landondepaul3491 Жыл бұрын

lol y'all catch up

@witness1013 2 жыл бұрын

Take a shot everytime a millennial uses a buzzword

@haoxus9413 Жыл бұрын

So instead of giving your data access to google or FB, you give it to anyone. That's including Google or FB Very smart plan lol

@mitulkumar8174 Жыл бұрын

You don't give it to anyone

@powerlogic1992 Жыл бұрын

why would you give it to anyone?

@HikikomoriDev Жыл бұрын

This doesn't solve squat. If you want to avoid all centralization, just run and host your own site on your own server. Simple. No need of all of this. People have been hosting their own stuff for ages without any weird blockchains or what not.

@varunemani Жыл бұрын

🍷👍

@carademarcus Жыл бұрын

Ok let’s see you build server infrastructure to handle heavy traffic to scale.

@anthony64924 11 ай бұрын

Can you explain how outsourcing and load balancing across a large range of devices is bad? We can go backwards and just read newspapers, it's easy to digest. Cheap, and you can physically hold it in your hand. I feel like you might be scared of what you don't understand

@Gol_D_Roger_The_Pirate_King Жыл бұрын

You don't need ETH to create a Web3 App. Its a SCAM if those companies are building Web3 on top of ETH.

@frankmcgonagle6143 2 жыл бұрын

1st comment LOL

@user-bl3tp2vf5p Жыл бұрын

web3.0

@hdcomputerkeith Жыл бұрын

Flux is web3

@itssan9565 2 жыл бұрын

I just unsubscribed the channel for showing such annoying ads in each video they uploaded 👎👎👎

@rasholim Жыл бұрын

yes instead of big organizations controlling my data I want ai to do it. I want terminator to control it! hahahaha. So if you can't trust one organization then you should trust 10000 autonomous organizations to put you on hold with music for days. Ever try to call autonomous system to get a refund? hahaha.

@Viren21 Жыл бұрын

i guess my previous comment got deleted :(

@leahburnett7943 2 жыл бұрын

somebody show this mask the utopia ecosystem.

@saulgoodman2018 2 жыл бұрын

Sounds like nothing but overhyped garbage.

@furqonlanang9250 2 жыл бұрын

a shitcoin project about to RUG, nothing to see here frens ^_^

@redda2 Жыл бұрын

Crypto is a ponzi scam

@tickboy4229 2 жыл бұрын

Entities like to own stuff. Web 2.0 isn't going anywhere.

@musamusa990 Жыл бұрын

Web5 please. Web3 is just another word for a new capitalism from DAO 🤦🤣🤣🤣🤣🤣🤣

@ttccyyzzz Жыл бұрын

What's the use of that digital ownership if it only links to an image? The right to re-use the image? That's the same with traditional IP rights isn't it?