Can somebody ELI5 Web3 to me?

[quickfeet]

• Social media companies are leading the charge. Meta’s Mark Zuckerberg announced that Instagram will soon enable users to display — and “hopefully” mint — NFTs, while earlier this year Reddit began testing similar features. Meanwhile, Twitter has made significant investments in rolling out features like crypto tipping (using BTC and ETH) and NFT profile pics. (Notably, Twitter founder Jack Dorsey is critical of the Web3 concept, describing it as “a centralized entity” controlled by VCs.)
• Spotify, Airbnb, and payments giant Stripe are also exploring Web3. While Spotify is reportedly recruiting for “early stage projects related to Web3” and considering ways to include musician NFT sales, Airbnb CEO Brian Chesky says the rental company is looking into enabling crypto payments — the most requested new feature for 2022 according to a recent Twitter poll. And Stripe announced a slew of crypto and Web3-focused features, including technology that could help NFT marketplaces reduce fraud.
• Microsoft made its first major foray into Web3 by joining a $450 million fundraise for Ethereum-development firm Consensys. Microsoft’s partners in the fundraise are the international investment giants Temasek and SoftBank — both of which are pursuing a range of other Web3 initiatives. Temasek, Singapore’s state-owned investment firm, led a $200 million round for Immutable X, the protocol that powers TikTok’s NFT platform and GameStop’s upcoming NFT marketplace. Japan-based SoftBank, one of the world’s largest multinational investing firms, has announced plans to build its own NFT marketplace via a subsidiary.

 

[quickfeet]

The race to build the new, decentralized, crypto-powered internet — otherwise known as Web3 — is rapidly heating up. Just how hot is it getting? A good place to look is developer salaries. As tech giants compete with a host of DAOs and protocols for skilled engineers, salaries for “rank and file” developers have reportedly ballooned as high as $750,000. This week, we’re looking at some of the Web2 titans — from Meta and Twitter to Spotify — betting big on crypto and the decentralized future it makes possible. Let’s dig into what that means for tech’s biggest names.

 

[ChicagoFats]

I am a big fan. Centralization is open to bias, discrimination, and corruption where dectralization solves some of those puzzles.

I don't envision one view, centralized or de-centralized, taking over the world. Instead they will provide competition for each other and keep each other honest.

 

[QuanChi]

Looks like you explained it yourself

 

[America 1st]

Think digital Pokémon cards just with Moore fraud, crime, capitol, and terrorists.

 

[shiv]

Think digital Pokémon cards just with Moore fraud, crime, capitol, and terrorists.

The individual networks are the types and the NFTs are the Pokémon themselves. I like it. Bitcoin is weak to Etherium. Hedera is weak to Cardano. Gotta catch ‘em all

 

[America 1st]

The NFT Market Is Booming. What to Know.
https://www.barrons.com/visual-stories/the-nft-market-is-booming-what-to-know-01645209447

 

[balance]

I think you should go here https://servreality.com/nft-blockchain/nft-game-development. They are true nft blockchain professionals with experience and will do a great job for you. I am very glad that I found such cool and reliable professionals.

 

[shiv]

I think you should go here https://servreality.com/nft-blockchain/nft-game-development. They are true nft blockchain professionals with experience and will do a great job for you. I am very glad that I found such cool and reliable professionals.

We don’t go there. Tell them to come here

 

[AmericanViking]

Only about $1,700 a coin