Navigating the Rapidly Changing Technologies

Most of my readers and I are involved in one of the newest and hottest technologies that is being built: Web 3.

And we don't even know what that will encompass when it will be fully developed. At this stage, the most common short definition of Web 3 is "monetized web". But that only puts emphasis on the monetary aspect, which has been the centerpiece of many. But other pieces, like account ownership and censorship resistance are at the core more important, and yet they seem to drive fewer people than the former. At least for the time being.

I believe Web 3 will have all three. It will also have other things as Web 3 will not be something tied to the crypto space alone.

Generated with Ideogram.

But before we get there, we should remind ourselves how quickly (and accelerating) disruption happens in the world of technology. Amazon practically destroyed the model of physical bookstores. They still exist, but they are an "endangered species", because with a few exceptions of rare collectible books, for example, their business model can't compete with the online one. Once disrupted, old industries can survive if they adapt to small niches, but they'll never go back to former glory.

Same happened with printed newspapers which are now mostly online. I wonder how many of the young generations read them though, even online.

The world is changing, and it happens rapidly.

As people were really excited about Web 3 and it being practically a crypto thing, as other envisioned themselves building the metaverse, something came up that suddenly took over the conversation: generative AIs.

Let's make something clear. Unlike a shovel, AIs are useless by themselves or to a human on their own, in a vacuum. They are made to communicate, and coexist or control.

AIs need robots or cars or other mechanical+electronic or just electronic objects to be able to interact with the real world.

Without the internet, AIs would have never reached this level of development so fast. Without the internet or another communication method, they are useless. So they will be a BIG part of the future of the internet. And the next step is Web 3.

The next iteration of the Web will include a protocol to allow "things" as they were referred, to talk among them. They will obviously talk much faster than humans. We already have the majority of traffic on the internet created by non-humans. But that will be another level.

The crypto sphere, which took the early steps in building a form of Web 3 should realize this is just an early stage, and find ways to work with AIs in future iterations of Web 3.

The problem I see here is that the AI space is vastly dominated by the big techs which are from the Web 2 space to which Web 3 tried to be an alternative. And these giants may want nothing to do with the crypto space, unless it becomes more of a norm and they have to (or they want the level of control they have in Web 2). I'm also not sure what chances do independent AI platforms have to compete in this race.

But, like in the disruption stories of bookstores and others, there may be niches where giants won't do well and a chance for independents to fit in.

Posted Using InLeo Alpha

Posted Using InLeo Alpha