> Is web3 really based on blockchain technology? It is specifically referring to applications built on Ethereum and doesn't actually have any technical connect

> Is web3 really based on blockchain technology? It is specifically referring to applications built on Ethereum and doesn't actually have any technical connection to the web as we know it today. Only that it wants to replace it. > But is it really already accepted wisdom that it will underpin the whole web? No. It will have as much influence on the world as Bitcoin has had i.e. it will be popular amongst tech bros, criminals, gamblers, VCs etc. But won't really cut through to the mainstream.