So while there has been a lot of buzz around Web3 it appears some are focused on Web5. Jack Dorsey co-founder and former CEO of Twitter, Inc., as well as the founder and principal executive officer of Block, Inc. is the man behind Web5.
Dorsey tweeted out:
this will likely be our most important contribution to the internet. proud of the team. #web5
— jack (@jack) June 10, 2022
(RIP web3 VCs 🤫)https://t.co/vYlVqDyGE3 https://t.co/eP2cAoaRTH
Tracey Follows wrote a post on Web5 for Forbes.
The actual definition given in the TBD presentation pack is as follows: “Web5 is a Decentralized Web Platform that enables developers to leverage Decentralized Identifiers, Verifiable Credentials, and Decentralized Web Nodes to write Decentralized Web Apps, returning ownership and control over identity and data to individuals”. TBD is also keen to stress the importance of being open source. The site states: “We believe an open source model will win in a decentralized, permission less world.”
Follows writes,
The biggest differentiator seems to be that Web5 will be built on Bitcoin, what Dorsey, and many others, consider to be the pre-eminent decentralized network, and the only real option as a foundation for a truly decentralized web. In my book, The Future of You, which looks at the various ways the self is becoming a digital self, I wrote that your Bitcoin address could very well replace your name as the most trustworthy representation of your identity, and that this would ultimately change the relationship we have to the state.
Domain Names
This news from Dorsey seemed to set off a buying frenzy of Web5 related domain names. Over at Namepros members started listing their acquisitions.
It’s funny the best Web5 name, Web5.com has been registered since 1996 and owned by Webster Five a bank in Massachusetts.
I noticed a few tweets in my timeline where people said they sold some Web5 names already. There are only three sub $500 sales on Namebio so far.
These are the names registered on 6/11 after the Dorsey tweet and stories started circulated.
web5.academy
web5.art
web5.be
web5.bet
web5.blue
web5.business
web5.chat
web5.city
web5.codes
web5.company
web5.cool
web5.credit
web5.deals
web5.directory
web5.education
web5.energy
web5.estate
web5.exchange
web5.expert
web5.fail
web5.farm
web5.finance
web5.fund
web5.glass
web5.global
web5.gold
web5.guide
web5.guru
web5.id
web5.la
web5.land
web5.life
web5.lighting
web5.marketing
web5.markets
web5.mba
web5.media
web5.money
web5.network
web5.ooo
web5.pizza
web5.plus
web5.poker
web5.properties
web5.quest
web5.red
web5.rentals
web5.shopping
web5.skin
web5.style
web5.support
web5.systems
web5.tax
web5.technology
web5.tips
web5.today
web5.tools
web5.toys
web5.university
web5.ventures
web5.works
web5.ws
web5.wtf
web5.zone
web5108.com
web5address.com
web5apps.xyz
web5auth.xyz
web5bank.co
web5bank.xyz
web5banking.com
web5banking.xyz
web5bitcoin.com
web5bitcoin.xyz
web5capital.xyz
web5chat.xyz
web5coins.com
web5loans.xyz
web5metaverse.com
web5nyc.com
web5payment.xyz
web5tv.com
web5v.com
web5wallet.xyz
web5web.xyz
It will be interesting to see how this all plays out, or if we just skip to Web99.
