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IntroductionWho Is This ForA Bit of History of The WebMotivations For A Web3The TechnologySo What’s Web3?The Beliefs and Politics of Web3So What’s Your Fucking Problem with Web3?Final ThoughtsI had hoped that I wouldn’t have to write this thing that blockchains and NFTs and all that would just go away and become a chapter in a book about weird economic scams But if 2021 taught us anything it’s that we can’t have nice things so here we are You are here because you are somehow interested in what the “Web3” or “NFT” thing is about Maybe someone gave you this link maybe you follow me somewhere In this document I’ll try to explain what those terms mean what ideas and politics they are based on and what I think about them I will do my best to represent the Web3/NFT ideas as fairly as possible but for transparency’s sake I should note that I am not a fan So why would you listen to me? What are my “credentials”? I am a computer scientist and have been working in IT for years now doing projects as a programmer and conceptualizing and running large automation and IT transformation projects for different clients I have a lot of experience not just with software but also This text is intended for a general audience For anyone that wants to know what all the fuss is about and why they should care Any artist who heard that NFTs are the future or art and any gamer who heard the same about video games For anyone who got some lecture about how the future of the web would be built on this new tech that feels hard to grasp For anyone who’s being bombarded with investment opportunities in NFTs that sound way too good to be true That’s why I will go through some things that you might already have heard of or know I will explain certain technological aspects just to be sure everyone is on the same page the chapter headings should allow you to skip the parts you don’t need to read though This document is intended to cover most of what you need to know – with a few added remarks and thoughts from my end But I will be transparent about what is opinion and what is just an attempt to describe what’s there I tried to give the sections very descriptive hea Tim BernersLee coined the term WorldWideWeb in 1990 and build the foundation of what is now seen as “Web10” (and still can be felt in most technologies we use today on the Internet) Web10 was still a very niche thing with very limited forms of visual expressiveness and design options It was very much focused on allowing people (mostly scientists) to publish about their work but people with access (that meant mostly people at universities) quickly got very much into it and started having web pages about their random interests web pages that experimented with the format as artistic material etc But publishing to the web still was somewhat hard to do You needed to know or at least rudimentary understand a lot of the tech and markup to produce anything that people would be able to see and use Access to “web space” that could host your data also was usually limited to people working at universities and students It took a while till other providers came to be In the middle of t Recently the term Web3 has gained some traction Not because people rediscovered the ideas and technologies of the semantic web but as a new follower of the “Web20” While the term spawned mostly from a community based around a specific database technology called “blockchain” (we’ll get to what that is later) it’s not just one motivation driving the move to a Web3 but a set of different and sometimes conflicting motivations Nobody can list all of them but I’ll try to outline a few very influential ones 1 One motivation is the analysis of the current web as taken over by a handful of powerful corporations (think Facebook/Meta Google Amazon etc) For many this corporate capitalist power that increasingly feels untethered to laws and beyond regulations is a betrayal of the values and promises they saw in the Internet When Facebook recently changed their name to “Meta” to build the “Metaverse” they just took the Instagram handle “Metaverse” that was used by someone else (Instag One could write whole encyclopedias on the many different stacks of technologies that have been built on top of one another under the Web3 umbrella Some Web3 people probably have But for this piece we’ll focus on three technologies First blockchain data structures second a very specific artifact on blockchains called a nonfungible token (NFT) and third an organizational structure called a DAO We’ll limit ourselves to this in order to keep this text somewhat brief and somewhat comprehensible for everyone If you already know what those two things are or do you can skip this part if you are not 100% sure it’s not too long we’ll both get through it together Let’s talk Web3 If you skipped the Technology part welcome back Let’s try to summarize what Web3 actually is Web3 isn’t a clearly defined set of technologies or protocols or workflows but Web20 wasn’t either really Just like Web20 Web3 has certain technological foundations and assumptions but is just as much an aspirational term a set of overlapping visions ideologies and goals In a lot of ways Web3 is doing something and calling it Web3 But with all the contradictions and unclarity a few things are foundational to Web3 Let’s try a quick first attempt of a description Web3 is a blockchainbased backend and infrastructure layer on top of existing network technologies that aims at restructuring the internet in a radically decentralized and individual way Services required for individuals to be able to act within that new infrastructure (like identity management content storage etc) are provided by decentralized smart contracts or services built on them While fronte Every technology every artifact has politics Some artifacts have political views built deeply into their structure and essence (a gun has the politics of violence built in for example) Other artifacts inherit their politics from the people and communities designing and using them Both of these kinds of politics are very obvious with Web3 Web3 is not a mere technological update of the current web a patch to bring in some new features and maybe fix some bugs but a complete technical but even more so a social and political redesign Sometimes that’s harder to see because Web3 services still look like the old services we know but underneath a new or at least a way way more radical form of an already present ideology has shaped the structure of things As with everything the list of important beliefs isn’t complete I picked the most important ones Okay so you made it this far Let’s finally get to why I spend all this time writing this long article Why can’t I just let people who want it build the thing they want? Why do I keep warning and criticizing Web3 vocally and publicly? Here are my main criticisms not in any particular order Depending on the case at hand and the perspective a different set of arguments might apply the most but in the end they all apply to basically everything Web3ish Also be warned This is the part where I leave the pseudo “try to present things somewhat neutrally” stance I understand a lot of the motivations driving people to wanting to rethink the web The monopolies and power imbalances the inequality and unfairness I understand that especially creative people are desperately looking for ways to make a decent living and selling NFTs looks like a very simple way to make some serious cash I get it We need to find a mode of life that allows people to work on their art or whatever else they want to do and still be clothed fed sheltered and otherwise taken care of Comfortably But as much as those problems need solutions Web3 is not it It’s not the solution because it just doesn’t do what it wants to do it wouldn’t stop a new centralized entity from emerging it wouldn’t distribute power in any meaningful way and it would actually take away important mechanisms that we currently have But there’s more Web3 is a deeply morally offensive project The promise of the Internet of giving people access to information and potentially the power of pu.