◼️◼️◼️◼️◼️◼️◼️◼️◼️◼️◼️◼️◼️◼️✤ DIGITALCOMAPNY.ETH ✤◼️◼️◼️◼️◼️◼️◼️◼️◼️◼️◼️◼️◼️◼️
→ Things move fast on the world wide web just a few months ago web3 was all the rage but then bitcoin crashed 50% ⚉ and NFT sales collapsed
The pawns economics of tokens like luna stopped working and even networks like celsius and exchanges like binance are not letting people get their money out this is all totally normal and nothing to be concerned about at all
The lambos are still coming now if you haven't been paying attention we've already moved ahead to web5 because just the other day billionaire jack dorsey steamrolled right over web 4 and announced web5 which they're calling the decentralized web platform like most people you might be thinking that this announcement is satire.
are you serious but apparently they're totally serious about it. It's being developed by the blockhead unit at block formerly square and the idea is to provide a decentralized internet layer based on bitcoin's lightning network, where users own and control their data and have a wallet just like web3 that can connect their identity to any app without needing to sign up and explicitly share their data with the host app when it comes to app developers instead of building pwas you would build dwas
Where the web app is not served by a centralized app server most likely owned by amazon google or microsoft but rather a decentralized node owned by some other user on the network most notably.
Though there will be no tokens involved other than bitcoin itself that means end users won't have to worry about investing in all these different coins like this one called ethereum that went from $4800 to $1200 in just a few months not to mention the insane gas fees that you have to pay just to perform trivial transactions with web3 and as many critics have pointed out the current state of web3 is not decentralized at all but rather controlled by a small number of vcs and silicon valley insiders it's unfortunate because decentralization is a really awesome concept for the web you don't actually need cryptocurrency to make it work you just need a bunch of people participating and benefiting from the system
bittorrent has been doing this for file sharing long before bitcoin was even a thing. Now the funny thing about web5 is that it's being spearheaded by jack dorsey a ceo with an excellent track record of not caring about your speech privacy or freedom
Like you wouldn't want mark zuckerberg to be king of the metaverse in the same way you definitely don't want jack dorsey to be king of web5.
Personally i'm putting all my bets on web6 which is already under development by snoop dogg
