Web3 Does Not Exist with American HODL & Junseth - WBD461

Location: Los Angeles
Date: Wednesday 2nd February
Company: N/A
Role: N/A


Web3 is a co-opted term that was originally used to describe an
internet that gives users greater control over their privacy and
data. It is now commonly referred to as the metaverse.


The metaverse, originally described in Neal Stephenson's Snow
Crash, was a dystopian future that envisions a virtual
reality-based successor to the internet. The metaverse has been
picked up on by VCs and Silicon Valley and is now promising to
revolutionise the way we interact with the internet taking
advantage of NFTs and 'crypto'.


However, bitcoiners remain sceptical. Over the last 13 years,
thousands of projects have come and gone, promising huge
innovation with little to back it up, from altcoins that promise
to be 'the new bitcoin' to narratives like 'blockchain, not
bitcoin' and the ICO boom, and bust.


In this interview, American HODL and Junseth take aim at Web3,
NFTs and the metaverse and discuss why they believe that it will
not only fail but that it doesn't even exist in the first place.