Web 3.0 is mostly forgotten now, but the ideas behind it will regain their relevance as bots become more common.
AI can make all the necessary connections.
Photographer: Christinne Muschi/Bloomberg
Tyler Cowen
Remember Web 3.0? No? Allow ChatGPT to refresh your memory: Web 3.0, according to GPT-4, is “the next frontier in internet technology, characterized by decentralized, user-centric applications that prioritize data privacy and foster seamless, interconnected experiences.”
Today Web 3.0 stands as one of this era’s most discredited ideas, an “innovation” that was hyped for years — until crypto prices collapsed and brought down many crypto projects with them. As with crypto, advocates for Web 3.0 have never quite been able to make a real-world use case for their technology.
