>NFTs and crypto currencies are a part of what people think the Web 3.0 will be, but they are definitely not synonyms. The author, however, seem to have did tha

>NFTs and crypto currencies are a part of what people think the Web 3.0 will be, but they are definitely not synonyms. The author, however, seem to have did that. Regardless of the original or intended definitions of "Web3", it will end up being whatever the masses think it is. To recap some history: - "web3" circa ~2014 when coined by Gavin Wood covered 3 concepts without mentioning NFTs : (1) hash-ids of static content instead of urls (2) p2p encrypted messaging (3) consensus engine. (One of the earlier essays from 2014: https://gavwood.com/web3lt.html https://gavwood.com/web3lt.html) - "web3" circa ~2021 emphasizing the "token economy" (e.g. NFTs) popularized by Chris Dixon (a16z VC): this is the current news mania with celebrities selling jpgs, etc Therefore "web3==NFTs" narrative has overtaken the original Gavin Wood narrative. Analogous situation of evolution of terms was the "internet". In the 1980s, "internet" included Gopher, telnet, USENET, ftp. (E.g. I used to be able to telnet into public computers before all firewalls and Linux configs shut off telnet access.) But Gopher/USENET/etc faded and HTTP became the dominant idea of what "internet" is. NFTs now have constant press coverage of eye-popping sale amounts from celebrities and OpenSea founders are now paper billionaires. Therefore, NFTs dominate the meaning of "web3" because getting rich is more sexy to talk about than encrypted-p2p-communications-based-on-hash-identities.