The decentralized revolution – t3n 64 explains the Web3 to you

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In the new t3n 64 we show you what a better internet could look like. And what all of this has to do with the Web3.

Many songs have been and are written about revolutions. A line of text is now also on our cover: a modification of “The Revolution will not be Televised” (in German: The revolution will not be televised) by Gil Scott-Heron. Around 50 years ago, the black poet and musician called on his fellow human beings to free themselves from the clutches of the mass medium of television and passivity and to actively campaign for a more just society. “Televised” has now become “Centralized” for us. Because in our main topic we present the vision of the Web3 as an alternative to the centralized platform economy.

The days of the digital natives are numbered, we write in our cover story. For a long time now, they have been the ones who understand better than anyone how the technological world around us works. Sheila Warren, blockchain expert at the think tank World Economic Forum, agrees. “My children will be crypto natives,” she is convinced. Even the next generation will not understand why you should upload your own pictures to any third-party platform at all. “We will live in a world in which that sounds completely absurd!”, She told us in the video call. “Even the mere idea that you are empowering a centralized authority to control your own actions will be inconceivable.”

The world Warren speaks of is that of the Web3. After Web 2.0, which is designed for interaction with its bloggers and influencers, it should be the next evolutionary stage. The vision is a decentralized, grassroots democratic Internet that frees people from the data slavery of the centralized large tech platforms. The key to this are blockchains, as incorruptible databases that map the transfer of values. Visible to everyone and not regulated by any central authority. A self-sustaining system.

Warren anticipates that serious alternatives to central social media providers such as Facebook and Instagram will emerge. Alternatives that are based on blockchain technology and guarantee control over your own data: “Social crypto will come – the demand is there.” Our author Katja Scherer took a look at how far decentralized social networks from diaspora to Bitclout are at the moment and whether they are used at all.

In order to be able to discuss the Web3, one must also understand the language of the Web3: NFT, DFI, DApps, DAO. What sounds like a song by Fanta4 are the acronyms for some of the main building blocks of Web3. In our focus, we clarify the most important questions about Web3, Defi and crypto and present exciting DApps. As with so many lyrics, it’s worth taking a closer look. Our author Eike Kühl did the same and took up the hype about NFT art – and asked himself who actually benefits from it.

A look at the news of the past weeks and months shows: Governments are launching crypto bans and new regulations, and penalties are hailing against crypto trading venues. A sign that the vision of a new world is being taken seriously?

A “crypto-ban” has recently also been in effect in Nigeria. The African country is one of the countries with the highest usage rates of crypto worldwide. Our author Jonas Gerding spoke to people like the Nigerian Youtuber Jude Umeano about the importance of crypto money for the people there. The market for financial services also arouses desires, as can be seen from the new mission of the Diem Association, which was co-founded by Facebook.

The main focus at a glance:

• The decentralized revolution: The Web3 is more than the Bitcoin hype
• An interview with bright minds: What do you think of the Web3?
• Know-how: The most exciting DApps and the most important things about Web3, Defi, Krypto briefly explained
• Ones and zeros worth millions: NFT stir up the art market
• Decentralized social networks: Why the breakthrough is still a long way off
• World Wide Wallet: The vision of universal access to financial services

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Also in the new edition:

Many dream of this: to become a millionaire through the Internet. For Leo Widrich it has come true. But what does it do to you when money is no longer an issue?

With protein folding, Google’s Deepmind has solved a central problem in bioinformatics. With consequences.

Imagine that it is not the boss who decides who is hired, but the team. Sounds good? It is important to pay attention to this.

Other strong topics in the new edition:

• Gaming: How video games advance other industries
• Retail-as-a-Service: New concepts for retail
• QR codes: One code for all cases
• Tools, tools, tools: Now the mess is cleared up
• Shop portrait: Sustainability is complicated
• Google core update: What online retailers need to do
• Web design: Address users emotionally with Artdirection
• Moving buttons: Animations and transitions with CSS
• Design systems in micro frontends: Break down large software projects
• Accessibility: More than an overlay

You can take a look at the first pages of the magazine in our page flip for issue 64 – it works not only on your desktop PC, but also on your smartphone or tablet.

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