Will Web 3.0 Change The World?

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Web 3.0 Is The Real Deal

Web 3.0 is going to change the world. This is not the question. More appropriate is to ask how Web 3.0 will alter things?

That said, many still feel it is nonsense. For this reason, perhaps it is best to define some things and dig a bit deeper.

When referring to Web 3.0, it is important to understand the wide net that is being cast. This is more than just blockchain and cryptocurrency. It also includes AI, robotics, advanced energy, and bio-tech. Many of these are in the early days so seeing the overall progress is difficult.

We also have to factor in convergence. This is the most powerful of all technological forces. When parallel technologies converge, there is an explosion. The smartphone is the best example of this. We saw immediate impact, relatively speaking, in the developed nations. The penetrate rate went from 0 to 70% in record time.

This is going to be dwarfed by the next major convergence. My guess is it will be AI and robotics but other things could step up.

It is also why I say this is the real deal. We are not dealing with hype. Instead, we have large sums of money going into areas that are making tremendous progress. Anyone following the robotics industry knows a great deal was accomplished in 2024, which is only 1/4 done.

To add more fuel, we see the progress of LLMs and where those tentacles are heading. The fact they are being incorporated in more applications, with updates emerging regularly, shows this is not just proof-of-concept tech.

How Will Web 3.0 Change The World?

Here is where things get a bit cloudy.

For those involved in cryptocurrency, we are going to see a massive shift. In my mind, blockchain is essential in this equation. We are seeing projects rolling out that use blockchain as the foundation. We know the open source technology is really growing, especially as it relates to LLMs.

How about one that is build entirely on blockchain? That is what is behind the idea of Zarqa. This is taking the concept of Web 3.0 to an entirely different level.

What is interesting is Wall Street is going to help massively in this endeavor.

Some firms are concentrating on the idea of real world assets being tokenized. This will be rolled out, focusing upon major asset classes.

How this helps is it opens the door for smaller projects, using decentralized technology, to do the same.

In other words, the numbers game starts to favor the smaller players. If one raises $500 million, they might get on the radar of organizations such as the SEC. However, if tens of thousands all over the world are doing this to the tune of $15K, it is a much different story.

That is one of the advantages to blockchain: it removes the intermediaries, driving down costs.

OpenAi and Microsoft want to develop a $100 billion data center project. Here again, we can see this eclipsed by the blockchain world. When we take the different networks, in totality, it could far surpass what these entities are looking at creating.

As stated in another article, the world is going to need all the compute and storage it can get. If data is the foundation of all AI infrastructure, the shortage means blockchains will have to be a part of the equation.

The Age Of The Entrepreneur

Much of our world is consumed by major corporations. It is a trend that will continue for a while.

Nevertheless, the door is opening for the entrepreneur. This is an individual who is shut out of the existing business system. It is hard to compete against global entities that are consuming all around them.

Here is where fractionalization enters the picture. I often mention this when referencing media and the attention economy. It does, however, extend to blockchain ecosystems, possibly moving up to the level of network-state.

The tools that are being handed to people are getting ever more powerful. This means that each person has the chance to develop a $10M-$100M initiative. We are going to see these pop up all over the place.

With Web 3.0, micro-funding, something that cryptocurrency excels at, can help to drive these initiatives. That is also restricted when it comes to the traditional business and financing world.

Very few people are able to acquire venture capital funding out of Silicon Valley. However, consider the ideas that could be funding simply using a currency like HBD. seed money for smaller projects suddenly is possible.

This is why I am a firm believer that every account is a business. When things are monetized, one is no longer a user. As people acquire more resources, we have business and finance 101. What is going to be done with the money?

It is here where some will excel.

Again, having this converge with some of the other technologies mentioned shows how quickly things can change. People will become billionaires simply from building massive enterprises on Web 3.0. This might be done through single initiative or by investing in hundreds of them.

In other words, it is a wide open field.

Those with entrepreneurship are going to excel. It is going to require time, effort, and a great deal of learning. Nevertheless, those who start to view the opportunities differently as compared to what went before will see possibilities that others miss.

Web 3.0 will allow people to take advantage of that.

We have roughly 5.5 billion people online. Is it possible to reach a couple hundred million of them and get them involved in some manner?

Those that figure out how to answer that question in the affirmative will likely be the household names of tomorrow.

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