Web3
web threenoun
What it means
The internet, rebuilt by the people who own it, with the same enthusiasm as last time and none of the users.
What it actually means
Same platforms, new landlord, and now you pay gas.
How it is used in a sentence
"Web3 is going to give users true ownership of their data."
Filed under
Digital Existentialism — Ideas that were briefly worth billions, explained by people who are briefly employed.
Bafflegab — The phrase means nothing. We are ridiculing it.
Related entries
Blockchain
Digital ExistentialismBLOK-chaynnounBafflegab
A distributed ledger that solves the problem of needing a trusted third party by requiring everyone to trust an anonymous third party.
Real meaningWe needed a reason to use the word decentralised.
NFT
Digital Existentialismen-ef-teenounBafflegab
A receipt proving ownership of something anyone can view, copy, and enjoy without paying.
Real meaningYou bought a link. The picture was always free.