Web3 is just a fresh serving of the same old crypto nonsense

The central thesis of Web3 is that because the internet has become so centralised, we need a more distributed, egalitarian, open system. Web3, the argument goes, will allow you to “own a piece of the internet’s. But the minute you look beneath the surface, gaping holes appear in the Web3 vision. Its backers are Andreessen Horowitz — or a16z — a venture capital firm with billionaire co-founders and assets under management of more than $28bn, which launched a $4.5bn Web3 fund earlier this year. The term itself comes from the idea that we have had two iterations of the web: the first, launched in the early 90s, lasted for just over a decade and consisted mainly of static web pages that were not interactive. Source