Nischal Shetty, an Indian entrepreneur and CEO of crypto exchange WazirX, envisions a decentralized world and in his recent tweet, he mentioned that web1 = information, web2 = identity + web1, and web3 = ownership + web2 + web1. Day 1166 Web1 = InformationWeb2 = Identity + Web1 Web3 = Ownership + Web2 + Web1 Many miss the point that Web3 is a result of efforts of Web1, Web2 & Crypto innovation Web3 is not a clean slate and that’s what makes it more powerful Keep BUIDLing 🤝#IndiaWantsCrypto — Nischal (WazirX) ⚡️ (@NischalShetty) January 10, 2022 “Many miss the point that web3 is a result of efforts of web1, web2, and crypto innovation. Web3 is not a clean slate and that’s what makes it more powerful. Keep building handshake,” he further shared in his tweet. In India, web3 will open the doors to more creativity and startups. It will play a significant role in fostering India’s creator economy, together with the development in NFTs, Shetty believes.
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