Introducing Web5 🙄
79 : Web5 or Web2.1 step closer to 3. You decide
Top Story: Introducing Web5
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Introducing Web5
Bear markets and down periods bring the “I told you so” group of individuals out to shine rather quickly….But can you blame them? These days, the idea of cryptocurrency, nfts, and what is web3 can be misguided, misused, and frequently misrepresented. And conversely, the long term proponents, creators, and builders in the space would share “I told you so” on the burgeoning industry that is underpinning it all so…
Let’s take this moment to simplify the terms by noting their true meaning and underlying use case:
Cryptocurrency is the term for blockchain technology
NFT is the term for digital authentication using the blockchain
Web3 is the term for decentralized world wide web
For longer breakdowns of cryptocurrency, nfts, and web3…search the vault of newsletters.
Now that we’ve (re)set the foundation of blockchain above, let’s introduce…Web5
Now I know what you’re thinking…this is bonkers Mike…and you’re right because it is marketing on overdrive…
The point of introducing Web5 today as the headline was twofold.
See if you’re paying attention and then share valuable breakdowns of 3 key blockchain concepts/terms that matter.
Incorporate the future headlines around Web5 so early that at least when you hear more about them as the decentralized web platform from Jack Dorsey and built on Bitcoin…you can be more aware.
Here’s where we really are as we reach the midpoint of 2022. We are 1 step closer to Web3 and a long way away from Web5 or insert your favorite number after Web…
Here’s where we really are not as the bear market rages on. We are not at the time of “I told you so” everything is dead. And that’s because it’s not. Bitcoin is hovering around $20,000. Ethereum is at $1,100. This indicates both max pain and gain depending your outlook.
Both outlooks going forward need to consider where we have been and take a much deeper focus on the underlying technology of the terms and of course…
Remember your introduction to web5. Have a wonderful week and share this newsletter with a friend to introduce them to web5!
🟣 Napster Rebranding around Web3 - Markets Insider
🟣 Facebook Begins Testing NFTs on Profiles - Decrypt
🟣 Despite Industry layoffs, these companies continue to hire - Markets Insider
Quote of the Week
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investrly is written by Founder Michael Rippe, with edits and design by Chief Strategist Danny Bopp. Share your thoughts in the comments. Thank you for reading.