Drew Austin
04-19-2021
With the advent of the internet, some predicted that intellectual property would become outmoded, but this has turned out to be backward. Instead it has allowed for the conception of everything as IP. Anything can become "content," which now means anything can be conceived as a speculative instrument, as with NFTs. Web 2.0 — the "participatory web" of social media platforms and user-generated content — is being subsumed by what's called Web3, an initiative to build blockchains and payment protocols into the internet's fundamental architecture.