The rise of new applications like these — among the first running on a public blockchain — have already created what supporters claim is a powerful network effect, as increasing activity brings more and more developers to ethereum. That could make it the platform of choice for what has become known as Web 3.0, where a series of decentralised apps could one day challenge Big Tech’s offerings.
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Will the next web be built on ethereum?
“There isn’t a shared narrative in the ethereum ecosystem,” said Avichal Garg at Electric Capital, an investment firm in San Francisco. “Is it a commodity like oil, digital gold, a better bitcoin?”
