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What’s Brewing Inside Web3’s Belly? | by Hamid Akhtar | The Capital | Nov, 2024

SB Crypto Guru News by SB Crypto Guru News
November 12, 2024
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What’s Brewing Inside Web3’s Belly? | by Hamid Akhtar | The Capital | Nov, 2024


Hamid Akhtar
The Capital
https://www.pexels.com/

I keep diving into Web3 and AI, and it’s clear that these fields are sparking more controversy than ever in finance and technology.

You’ve probably noticed that the digital ownership conversation goes beyond technical innovation; it’s about redefining the very concept of value in a virtual world.

For years, traditional finance seemed untouchable until moments like the Lehman Brothers collapse exposed its cracks, sparking debates about transparency.

You can trace a shift in thinking back to this event, pushing innovators to pursue alternatives that claimed to prioritize user control and reduce centralized power.

Fintech emerged as the first wave of this shift, with robo-advisors and neobanks promising faster, more personal finance options, but they still operate within central control structures.

It wasn’t until 2017, with the rise of Ethereum, that the bold idea of “digital scarcity” took center stage, allowing digital assets to be unique and theoretically unstealable.

For the first time, people had assets they could “own” in the digital world, but with ownership also came risks — unprecedented hacks, scams, and value volatility.

Web3 takes this concept further, aiming to create an economy where digital ownership is more than a…



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