Will there be a web 3?

But there is no official release date, as yet. AUSTIN, Texas — Jack Dorsey’s beef with Web 3 has never been a secret. In his view, Web 3 – blockchain boosters’ dream of a censorship-resistant, privacy-focused internet of the future – has become just as problematic as the Web 2 which preceded it. Now, he’s out with an alternative.

Is Web3 already being co-opted by investors?

CEO Jack Dorsey took to Twitter to warn blockchain enthusiasts how Web3 has already been co-opted by investors. “You don’t own ‘web3,’” he said, “The VCs and their LPs do. It will never escape their incentives. It’s ultimately a centralized entity with a different label.

Is 'web5' a decentralized internet layer?

Now, he’s out with an alternative. At CoinDesk’s Consensus Festival here in Austin, TBD – the bitcoin-focused subsidiary of Dorsey’s Block (SQ) – announced its new vision for a decentralized internet layer on Friday. Its name? Web5.

Is web5 better than Web 3?

Appearing at a Consensus panel clad in a black and bitcoin-yellow tracksuit emblazoned with the numeral 5, TBD lead Mike Brock explained that Web5 – in addition to being “two better than Web 3” – would beat out incumbent models by abandoning their blockchain-centric approaches to a censorship-free, identity-focused web experience.