“The blockchain is going to change everything more than the Internet has.”
-Brock Pierce
It’s been a growing pain week to say the least between not being on our content game, and learning a lot from some very simple feedback we received on the content we create. We haven’t shed enough light on the amazing aspects of the Free Market. The new dawn upon us is going to be bigger than the internet was 10x over, because it is going to integrate into every fabric of life we know. Blockchain is amazing.
Blockchain! That is the technology which will disrupt industries far and wide. I recently watched The Billion Dollar Code on Netflix. In the show they talked about how the internet was going to disrupt the world in 1994, and they were laughed at for it. The rest is history. The internet has changed every business, big and small forever! The innovations of this technology have been long and distinguished, but Web 2 has only been the beginning… Now we have Web 3 on the horizon, and people are doing what they did to visionaries in 1994 all over again; laughing at the concepts this tech can accomplish, and soon they will eat their words all the same.
Web 3 has been a concept since 1999, called “The Systemic Web” This concept was conceptualized as the internet being able to process data, and complete tasks, or services without a human being involved. Bernes-Lee was one of the first to come up with this concept, and had a vision of a “scalable, and unbelievable data source.” What is Web 3.0? Web 3 has so many moving parts from systematic organization to 3D rendering and graphics, to connectivity via metadata, and ubiquity of the network. You may read that sentence and think we use web 3 all the time! We have really accelerated the adoption into this technology over the past few years.
This Web 3 technology is on a breakout streak, and the transition is happening before our eyes. VR video games are on the rise, task automation, artificial intelligence, and the internet of things are exploding with growth. Blockchain has become almost as ubiquitous as Web 2, and the true connectivity, and efficiency has yet to be realized! Companies, and governments all over the world are realizing what a game changer this technology is, and will be! Markets are waking up to the fact that NFTs are going to be bigger than art, and the fact cryptocurrency projects will soon dwarf some of the largest tech, and financial companies in lump sums! It’s the Web 2.0 boom all over again, but faster, and bigger this time.
Let’s highlight the most wildfire part of the Web 3 revolution: cryptocurrency, and Blockchain. Mastercard jumped on board The Crypto chain this week, by announcing that their vendor partners will be able to accept cryptocurrency within months! The first Bitcoin Futures ETF hit U.S markets this week, and last month we had El Salvador become the first country to make BTC legal tender. China has taken a bit of a course reversal on their crypto ban, admitting that they are now surveying citizens for their thoughts on the technology. The FDIC is looking into how to handle crypto on bank balance sheets. Robinhood is going to roll out their crypto wallet within weeks with over a million people on the waiting list! The list goes on and on. From Ukraine, to Japan, all over the world Cryptocurrency is HOT!
The bottom line here is we are on the verge of a paradigm shift, a new age is truly upon us. From blockchain, metadata connectivity, and AI to cryptocurrency and NFTs. A new economy is here to stay. What will be next? What industry will be disrupted the most in the next two years? The potential, and ideas are endless and unfathomable. We as individuals play the biggest role in this future economy. Visionaries today will be the leaders of tomorrow. I hope you are just as excited as we are here! Stay tuned for more.
