Chris Dixon Thinks Web3 Is the Future of the Internet — Is It? - The Verge

I may be wrong about this, but I don't think a "better Twitter" starts with a service which is simply a clone of Twitter except with a different community. I think it starts with a community of independent (and independently monetizable) domains that we network together in novel ways, to build decentralized media.

This isn’t a funding issue. If something is truly decentralized, it becomes very difficult to change, and often remains stuck in time. That is a problem for technology, because the rest of the ecosystem is moving very quickly, and if you don’t keep up you will fail. There are entire parallel industries focused on defining and improving methodologie... See more

Interoperability at scale is possible, and it can enable a healthier and more diverse product ecosystem. As As Jarrod Dicker notes, it remains to be seen whether Web2 will still exist in the future as a parallel to Web3. But it’s clear Web3 is coming, and ultimately whether it is a full replacement will come down to what we as creators and consumer... See more

Web3 presents the opportunity to build an entirely new internet — indeed, entire new economies — from scratch. The question then becomes: What kind of internet should we be creating?