What is Web3? [Alex Danco] (EXPLICIT)

<p>Listen to Infinite Loops: https://www.infiniteloopspodcast.com/alex-danco-what-is-web-30-all-about-ep95/ (37mins in)</p><p><strong>Transcript</strong></p><p>Alex Danco:<br>Yeah. So one of the cool things is that, I can say this from a vantage point at Shopify, is that all of this is<br>fairly obvious to us and it's not because we're smart people, it's because when your whole life is working<br>with merchants, it's like, these are merchants whose job is not terribly dissimilar from musicians. It's<br>create meaning, create community, create a reason to come back and talk to each other, and therefore<br>products get sold because of that underlying meeting. It's like, no, shit, that's what this is for. This is<br>what we already were doing, this isn't new, this is kind of like it just makes a lot of sense.<br>Jim O'Shaughnessy:<br>Right. And it's repackaged and it gives the tool to greater extend the reach. But yes, I agree with you.<br>Alex Danco:</p><p>So, hey, we should NFT this conversation and sell it, and then if you buy this NFT, you'll become the only<br>person who gets to understand what NFTs are for. You have the exclusive rights to it, everybody else<br>gets to be wrong.<br>Jim O'Shaughnessy:<br>Everyone else is wrong.<br>Alex Danco:<br>Unless somebody right clicks and saves the audio file of our podcast, in which case they have stolen it<br>from you.<br>Jim O'Shaughnessy:<br>Yes. And you're fucked.<br>Alex Danco:<br>Good luck to you. Sorry for your loss. Sorry, you got hacked.<br>Jim O'Shaughnessy:<br>Well, this leads into Web3, because I was very eager to hear you do a bit on Web3, it's like so much stuff<br>is being written, talked about, blah, blah, blah, blah, blah. What are your thoughts?<br>Alex Danco:<br>I mean, to some degree, I think it's like being able to draw a precise box around Web3 is a little silly<br>because it's like there's just the web and it's all these cool tools. And certainly at Shopify, our job, I mean<br>on the blockchain team and also generally is not to give mercha