Web3 Innovations
Hello, this is Hall T. Martin with the Startup Funding Espresso — your daily shot of startup funding and investing.
Web 3 brings new innovations to the internet.
Here are some key innovations:
Web 3 uses blockchain technology which captures permanently all transactions and list of ownership available for all to access.
Web 2 had siloed records based on the platform or the company and only a limited number were able to access it.
This standalone record provides portability.
One’s content, data, and identity are always accessible.
Web 3 provides a secondary monetary system called tokens which compensates users of the platform for their contributions.
This provides incentives to those building the system.
Web 3 brings increased interconnectivity of systems.
Web 2 systems had limited data exchange while Web 3 takes data and application exchange to the next level.
Web 3 reimagines the company as a group of people with a common cause rather than just a legal entity.
One can build a community using software to manage and execute the policies of the group.
Web 3 brings new innovations to software, entity formation, and connectivity.
Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding. Let’s go startup something today.
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