How To Invest in Web3, DAOs and the Metaverse
Money For the Rest of Us
J. David Stein
4.5 • 1.4K Ratings
🗓️ 8 December 2021
⏱️ 28 minutes
🔗️ Recording | iTunes | RSS
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Summary
What is Web 3.0 and how will it transform the world? How you can invest your time and money in decentralized autonomous organizations and other Web3 projects.
Topics covered include:
- What are Web 1.0, Web 2.0, and Web 3.0 and how do they differ
- What are decentralized autonomous organizations (DAOs)
- How DAOs operate and what are some examples
- How to register one's Web 3.0 user name
- How the Ethereum network, a major part of Web3, is changing
- How to participate and invest in DAOs and other Web3 projects
Thanks to LinkedIn and Commonstock for sponsoring the episode.
For more information on this episode click here.
Show Notes
Decentralized autonomous organizations (DAOs)—Ethereum
State of the DAOs #0 | Oct 6th, 2021 by BanklessDAO Writers Guild—BanklessDAO
Decentralized Autonomous Organizations;The New Coordination Frontier by Calvinme—Medium
Organization Legos: The State of DAO Tooling by Nichanan Kesonpat—Medium
Proof of Stake (PoS)—Ethereum
What Is the Metaverse, Exactly? by Eric Ravenscraft—Wired
Related Episodes
339: How To Make Money with BlockFi, Dai and the Evolving DeFi Ecosystem
NFTs—Money For the Rest of Us Topic Index
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Transcript
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| 0:00.0 | Welcome to Money for the Rest of Us. This is a personal finance show on Money. |
| 0:05.0 | How it works, how to invest it, and how to live without worrying about it. |
| 0:10.0 | I'm your host David Stein, today's episode 368. It's titled How to Invest in Web 3, |
| 0:17.0 | Dows, and the Metaverse. The term Web 3 is something that I only heard about |
| 0:25.0 | this year, although we've talked about it on the show in numerous episodes when we discussed elements |
| 0:33.0 | of the blockchain, cryptocurrency, DeFi, NFTs, and other topics along those lines. |
| 0:41.0 | Let's start with what is Web 1? Web 1 was really from 1991 to 2004. |
| 0:51.0 | When we think of Web 1, we think of email, static websites, domain names, DNS, IP addresses, |
| 1:00.0 | online purchases, search functionality. |
| 1:04.0 | I recall as a newly minted MBA working for AT&T Capital around 1994 when Netscape came out, a browser. |
| 1:14.0 | Prior to that, all my internet experience was just used net groups. |
| 1:19.0 | There was no email that we used in the corporate setting. It was very paper-focused. |
| 1:26.0 | But then I started hearing about the World Wide Web. About that time I joined our investment advisory firm. |
| 1:33.0 | We started using email first just among ourselves and eventually with our clients. |
| 1:38.0 | The internet bubble occurred. Everybody had their favorite.com. |
| 1:43.0 | I opened an account at eBay, Amazon, PayPal. |
| 1:48.0 | I had the foresight to buy the domain names for myself. |
| 1:53.0 | JDstein.com, jdavidsstein.com, that domain names for all of our children, LaPreal's domain name. |
| 2:01.0 | I didn't have the foresight to buy one word domain name. I wasn't that much of an early adopter. |
| 2:08.0 | But I knew there was something here and something going on. |
| 2:12.0 | And then by 2004, I built my own website to sell our house in Idaho. |
| 2:19.0 | And a family from South America that was coming back to the States, found it, found the website, saw the pictures of the house, and they bought it. |
... |
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