The New Periodic Table
The world is marching toward Web3, the next chapter of the Internet. Web3 is a decentralised cloud powered by blockchain technology to decentralise Big Tech (Google, Apple, Meta) company control using DeFi or Decentralised Finance to facilitate transactions between individuals without bank or government involvement, while DAO or Decentralised Autonomous Organizations are open platforms controlled by transparent rules rather than a central committee. Web3 is a fascinating opportunity because we are living in the early stages of its history – it remains an emerging technology with all of the potential that it brings.
Lawyer, Riaz Karamali recently joined host Joel Simon from the Pillsbury Winthrop Shaw Pittman LLP’s Industry Insights podcast to discuss the issues and innovations driving the video game industry, including the emergence of the Metaverse and how non-fungible tokens, blockchain and Web 3.0 may underpin it.
