Why Web3 is the Future of the Internet (#5)

07/26/23 • 32 min

In this episode, I'm joined by Warren Calove, an expert on Web3, cryptocurrency and NFTs. Warren is a project manager for a Web3 company called Drip (https://www.dripstudios.io/) and heads up his own Web3 company.
In this episode, we discuss why Web3 could be the future of the internet, despite news of ethical issues related to cryptocurrency exchanges and NFTs. Topics include:
1) What is Web3, and how it differs from current and previous iterations of the internet
2) Why some people and companies want to move to Web3
3) How Web3 can help businesses and creators monetize their works
4) Why Web3 businesses have had ethical issues, and what kind of compliance leadership is needed to steer these entities in the right direction
5) What is blockchain technology, and how does it power Web3
6) What are NFTs and do they really have value
7) How Web3 establishes communities and can help against the centralized authority imposed by Web2 companies

Previous Episode

What's Behind the SEC Industry Sweep of Crypto? (#4)

In this episode, we discuss why the SEC has been aggressively filing suits against crypto exchanges like Binance and Coinbase. We take a look at the SEC's recent history of utilizing "industry sweeps" to make examples of companies, in order to execute a deterrent effect across similar companies or industries.
Sources utilized for this episode include:
US tightens crackdown on crypto with lawsuits against Coinbase, Binance | Reuters

SEC sues Binance and CEO Changpeng Zhao for U.S. securities violations (cnbc.com)

The SEC is suing Binance, the world’s largest crypto exchange - The Verge

SEC.gov | SEC Charges 16 Wall Street Firms with Widespread Recordkeeping Failures

Financial Advisor IQ - SEC Enforcer: ‘You Bet’ There Will Be More Sweeps

Next Episode

How the LA Angels Became Baseball's Most Corrupt Team (#6)

In this episode, we turn to the world of sports to discuss how the Los Angeles of Anaheim, owned by businessman Arte Moreno, have slowly become baseball's most corrupt team. We examine how corruption within the team, its management, and its third parties have affected the team's performance on the field. The LA Angels, once destined to be a great team through the drafting of Mike Trout and signing of Shohei Ohtani, have now suffered losing seasons for 9 years straight.
Sources include:
Will Arte Moreno's possible Angels sale remedy bad decisions? - Los Angeles Times (latimes.com)

The impact of corruption on growth and inequality (transparency.org)

Northern District of Texas | Former Angels Communications Director Eric Kay Sentenced to 22 Years in Tyler Skaggs Overdose Case | United States Department of Justice

Anaheim Kills $320 Million Angel Stadium Sale Over Corruption Scandal (lamag.com)