Understanding Web 3: The Next Internet Phase

What is Web 3 described as in the text?

• A virtual reality game

• A type of new computer

• Tech's hottest buzzword

• A new social media platform

Which technologies are included under the umbrella of Web 3?

• Physical retail stores

• Traditional banking and finance

• Email, social media, and online shopping

• Blockchain, cryptocurrency, DAOs, and NFTs

What is the metaverse often associated with in terms of technology?

• Electric vehicles

• Quantum computing

• Augmented and virtual reality

• Solar power technology

What is a potential use of blockchain mentioned in the text?

• Tracking cannabis, coffee, and produce

• Social media browsing

• Playing online games

• Streaming movies online

What is the main criticism of Web 3 according to the text?

• It is too complex to understand

• It is just a hype word without substantial new technology

• It is too expensive for average users

• It is controlled by too few companies

How does Web 3 aim to change the internet?

• By eliminating the need for the internet

• By applying open protocols for interoperability

• By introducing new social media protocols

• By making it faster

What is the current status of the metaverse according to the text?

• It has been abandoned by developers

• It is still considered science fiction

• It is in the early stages of development

• It is fully operational

What do tech giants like Elon Musk and Jack Dorsey think about Web 3?

• They have invested heavily in it

• They fully support it

• They are unaware of it

• They have mocked it

What is a real application of virtual reality mentioned in the text?

• Fully immersive work environments

• Headsets for gaming and other experiences

• Replacing traditional education

• Teleportation

What is the role of venture capital in Web 3 development according to the text?

• Venture capital is only interested in blockchain

• Web 3 companies plan to IPO in bitcoin

• Venture capital is the primary funding source

• There is no involvement of venture capital