Very excited for more people working on identity and ownership. Everyone calls web3 a grift because the stack is too young to see the truly useful applications, so all we've seen are some scammy NFTs and coin drops. We're at web browser state of 1993 where the core pieces have just launched but nothing has been proven.
It's actually very hard to develop a real app in smart contracts. We're missing the ability to store private data. Tooling is highly lacking for anything beyond deploying a simple 100 line NFT contract. As soon as these problems are solved, we'll start to see some traditional applications rebuilt in a way that gives users ownership of their own data.
That's the goal of web3 to me, not specifically the exact implementation of whether we're on a blockchain or doing peer to peer file storage. Web3 means I have all the rights to my data, and ideally, applications can live on beyond their creators.
It's actually very hard to develop a real app in smart contracts. We're missing the ability to store private data. Tooling is highly lacking for anything beyond deploying a simple 100 line NFT contract. As soon as these problems are solved, we'll start to see some traditional applications rebuilt in a way that gives users ownership of their own data.
That's the goal of web3 to me, not specifically the exact implementation of whether we're on a blockchain or doing peer to peer file storage. Web3 means I have all the rights to my data, and ideally, applications can live on beyond their creators.