The Next Internet Phase

What is Web 3 described as in the text?

• A virtual reality game

• A specific type of cryptocurrency

• Tech's hottest buzzword

• A new type of internet browser

Which technologies are included under the umbrella of Web 3?

• Blockchain, cryptocurrency, DAOs, and NFTs

• Social media platforms

• Traditional banking systems

• Email and web browsing

What is the metaverse often associated with?

• A blockchain protocol

• A type of cryptocurrency

• Science fiction

• A new social media platform

How is blockchain technology currently being used according to the text?

• For authenticating items like cannabis and coffee

• To replace the internet

• To create virtual worlds

• As a new form of currency

What is a potential application of Web 3 mentioned in the text?

• Eliminating the need for the internet

• Replacing email with a new communication system

• Making business more efficient

• Creating a new type of social media

What do Web 3 evangelists envision for the future of virtual worlds?

• Virtual worlds exclusively for gaming

• A single, centralized virtual world

• Different virtual worlds that can interact with each other

• Virtual worlds without the use of VR headsets

What stance do tech giants like Elon Musk and Jack Dorsey take on Web 3?

• They fully support it

• They have mocked it

• They are investing heavily in it

• They are unaware of it

According to the text, what is the reality of Web 3's impact on current internet uses?

• It will completely replace current internet uses

• It will not significantly change how we use the internet today

• It will make the internet obsolete

• It will turn the internet into a virtual reality experience

What is the main reason Web 3 is considered still science fiction?

• Because the necessary technology is not yet fully developed

• Because it is too complex to understand

• Because it is not based on real technology

• Because it is a term used only in movies

What is the significance of blockchain technology according to the text?

• It is slow and has fees associated with it

• It is the only technology that will be used in Web 3

• It is a new form of social media

• It is mainly used for gaming