Web3 — or the new internet — is edging into the mainstream. This new version of the web is built with blockchain technology, which is based on the concept of decentralisation and allows for more transparency. Blockchain supports digital assets, such as cryptocurrencies and non-fungible tokens (NFTs).
The art, fashion, gaming and finance worlds are already exploring the potential of this new realm. From Starbucks’ plans to launch NFTs for coffee drinkers to gain access to “experiences” to Gucci auctioning an NFT to raise money for Unicef USA.
However, the complexity of the space and lack of engineering knowhow to create tokens have been a barrier to participation — many people just don’t know where to start. I am a late adopter, but I am fascinated and decided I needed to learn much more.