Web3: Why ‘the next generation of the internet’ is worrying a lot of software developers

  • People with cryptocurrency are trying to bring more people in, with claims of a better internet – which are false – so they can exit and get liquidity.
  • Companies like Rolex spend a lot of money on enforcement to get rid of counterfeits because counterfeits remove the willingness for people to play to pay the high price for an original.
  • Plus, even if you’re Rolex and you see people making counterfeit NFTs, you can’t do anything about it.