Top Story: Introducing Web5
Top Headlines
Introducing Web5
Bear markets and down periods bring the āI told you soā group of individuals out to shine rather quicklyā¦.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 āI told you soā on the burgeoning industry that is underpinning it all soā¦
Letās 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 web3ā¦search the vault of newsletters.
Now that weāve (re)set the foundation of blockchain above, letās introduceā¦Web5
Now I know what youāre thinkingā¦this is bonkers Mikeā¦and youāre right because it is marketing on overdriveā¦
The point of introducing Web5 today as the headline was twofold.
See if youāre 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 Bitcoinā¦you can be more aware.
Hereās 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 Webā¦
Hereās where we really are not as the bear market rages on. We are not at the time of āI told you soā everything is dead. And thatās because itās 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 courseā¦
Remember your introduction to web5. Have a wonderful week and share this newsletter with a friend to introduce them to web5!
š£Ā Napster Rebranding around Web3 - Markets Insider
š£ Facebook Begins Testing NFTs on Profiles - Decrypt
š£Ā Despite Industry layoffs, these companies continue to hire - Markets Insider
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*investrly & DeFi Fridays have partnered in July to bring more to our newsletter subscribers with crossover collaborations!
investrly is written byĀ Founder Michael Rippe, with edits and design by Chief StrategistĀ Danny Bopp. Share your thoughts in the comments. Thank you for reading.