#75: What is Web3?

In this episode of "The Web3, AI, and Metaverse Legal and Business Podcast," Mitch dives into the revolutionary world of Web3, a decentralized internet powered by blockchain technology. Unlike the traditional internet, Web3 isn’t controlled by governments or corporations; instead, it relies on a network of computers and servers that work together to provide a secure and resilient online environment. With features like smart contracts, digital currencies, and decentralized apps, Web3 offers transparent, efficient, and cost-effective alternatives to traditional online platforms.  Web3 is already transforming the business landscape, offering secure and transparent platforms for online payments and financial transactions, and paving the way for decentralized marketplaces and social networks. While challenges such as user-friendliness and scalability still need to be addressed, the potential of Web3 as a decentralized utopia that distributes power evenly and reduces the risks of censorship and misuse of user data is too promising to ignore. Stay connected with Mitch and enjoy more episodes via your favorite podcast service or the links at MitchJackson.xyz