Today is Saturday, July 9th. By now, you've probably heard of Web 3. The idea has been around

for several years, but it's better known now thanks to its link to the blockchain and cryptocurrencies.

And yet not everyone is sure exactly what it is, and whether it's the internet of the future

or just a dead end trend. Today, our guest is here to help break it all down in plain English.

Gilad Edelman is a senior writer for Wired Magazine. He wrote the June cover story called

Inside the Web 3 Revolution. He learned all about Web 3, got to note the people hoping to make it

mainstream reality, and shares the potential pros and cons of this latest buzzword.

Welcome, welcome to The Newsworthy Special Edition Saturday, when we sit down with a different

expert or celebrity every Saturday to talk about something in the news. Don't forget to tune in

every Monday through Friday for our regular episodes, but we provide all the day's news in 10 minutes.

I'm Air Commandy. It's now time for today's Special Edition Saturday.

Gilad, thank you so much for coming on the newsworthy. My pleasure, thanks for having me.

So before we get into all things Web 3, you talked in your article for Wired about what came

before Web 3. So how did we get here? Can you describe what was Web 1 and Web 2?

So Web 1.0 basically refers to that first era of the commercial internet, best exemplified by the

era of, you know, dialing into AOL to access the web. And the basic characteristic of Web 1.0 in

hindsight is that it was kind of a passive experience. You were mostly looking at stuff online,

but most people weren't creating anything. That's when you get to this Web 2.0 idea. So this was

the era of user-generated content. It could be uploading videos to YouTube. It could be posting

on Facebook. He could even be, you know, writing product reviews on Amazon, editing Wikipedia pages,

etc. Despite its early promise for kind of empowering the individual, what we now understand

about Web 2 is that it empowered a small number of companies above all. Because what we now know is

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