Web3 - the internet’s next frontier - explained

Web3 is the next generation of the internet.

Though it is difficult to understand and seemingly easy to dismiss, the advent of a decentralised internet demands our attention as it is a fundamental shift away from how we use the web today.

So says Noor Sweid, a veteran venture capitalist in Dubai who has been tracking the rise of the technology and eyeing opportunities.

She joins Kelsey Warner this week to explain her current thinking on Web3 and what to expect.

Ms Sweid is the founder and general partner of Global Ventures, an emerging markets venture capital firm backed by some of the world’s best-known investors such as General Atlantic and Capria. Global Ventures will shortly close its second fund and has now invested in more than 40 companies including Kitopi, Mumzworld and Red Sea Farms.

In this episode:

The future is here: Web3 (0m 49s)

Noor Sweid explains Web3 (3m 01s)

The pay-as-you-go model, the creator economy and decentralized data (9m 00s)

What are investors looking for in Web3? (15m 39s)

 

Read more on our website:

• Jack Dorsey's Square changes name to Block as it pursues new businesses

• Kevin O'Leary on the future of finance and Abu Dhabi

• Blockchain and decentralised systems can play big role in fighting identity theft

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