The internet is an ever-evolving thing, with new features and services popping up daily. But these innovations are happening in the current internet space, known as Web 2.0. The potential next big leap is to what is being called Web3 or Web 3.0. You have likely heard some of the terms associated with this next age — the token economy, blockchain, NFTs. Our guest this week walks us through what all this “future stuff” means, and how it could impact our daily lives.

In this episode of Big Tech, host Taylor Owen speaks with Shermin Voshmgir, founder of Token Kitchen and BlockchainHub Berlin and the author of Token Economy: How the Web3 reinvents the Internet. Her work focuses on making technology accessible to a non-tech audience to ensure everyone can be part of the decision-making process. 

Early adopters in the Web3 space see this new iteration of the Web as liberating, an innovation that will decentralize power, facilitate peer-to-peer transactions, enable individual data ownership and challenge the dominance of tech giants. There are many questions about the governance of Web3 and its impacts to society that regulators, still stuck on platform content moderation, are not yet looking at. The conversation between Taylor and Shermin provides a foundational understanding of Web3 and a look ahead at areas where regulators should focus their attention.