July 1, 2025 • 26 mins
Cryptocurrency and Web3 technology are steadily moving from the fringes to the mainstream, with household names like Amazon, Walmart, Shopify, PayPal, and Venmo all making significant moves toward crypto adoption. But beneath the corporate headlines lies a fundamental question we explore in this episode: Does the world actually need Web3?
The answer becomes crystal clear when examining the practical benefits blockchain technology offers everyday people. Web3 represents a profound shift in internet architecture that returns control to users – your data, your identity, and your money remain firmly in your hands, not controlled by tech giants or financial institutions. This decentralized approach solves real-world problems like data breaches, censorship, financial exclusion, and the limitations of traditional banking systems.
Major corporations aren't embracing crypto on a whim; they recognize the potential for simpler, faster, and dramatically cheaper global payment systems. When Amazon and Walmart launch their own stablecoins (reportedly in development), they'll instantly introduce billions of customers to cryptocurrency through trusted platforms. This represents the tipping point Web3 advocates have long anticipated – the moment when blockchain technology becomes accessible to everyone, not just tech enthusiasts.
The benefits of Web3 are straightforward and compelling: financial freedom without reliance on traditional banks, instant transactions without delays or arbitrary holds, true ownership of your digital assets, and equal access for anyone with an internet connection. This may be the most equitable technological revolution in history – unlike past innovations that required expensive equipment, blockchain is accessible to nearly everyone with a smartphone.
As this shift accelerates, education becomes crucial. Understanding the basics of Web3, cryptocurrency wallets, and digital identity will be essential skills in the coming years. Whether yo
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My name is Marcus Andrews aka” WenAirDrop”, founder of IHeartDomains LLC, and since 2022 we have been a leading resource for News, Innovations, Education, Alpha and Business Development in the Web3 Domain & Digital Identity space.
If you're interested in Web3 domain insights, development, and news, don't miss our upcoming TECH Talk episodes featuring industry builders. Join our live discussions on Twitter/X spaces and engage with our community on platforms like Warpcast and Link3 for real-time updates and valuable ALPHA. Your journey into the future of digital identity begins with us!
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
no-transcript.
Speaker 2 (02:35):
Yeah, doing this on a different day and different
time this week, but this is alive discussion that we record
here weekly on X, where wehighlight news, innovation,
education, alpha and businessdevelopment in the Web3 domain
and digital identity space.
I am your host, marcus aka WynnAirdrop, the founder of
iHeartDomains, and we are yournumber one resource for unbiased
(02:57):
blockchain and Web3 domaineducational content, with over
150, now at this point Tech Talkepisodes and YouTube videos
produced and archived over thepast two and a half years.
If you want to search ourpodcast archive for any
additional episodes, you can doso easily at iharkdomainscom,
(03:20):
where every single episode is onfull display.
It's also accompanied with anice little blog post, so a good
way to digest the information,whether you like to read or
whether you like to listen.
Also, if you have a favoritepodcast player that you'd like
to listen to, all of theseepisodes are also available on
(03:40):
every major podcast player,including Apple Podcasts,
spotify and iHeartRadio.
You can easily reach ourepisodes at techtalkhost or, if
you're in any of those players,just simply type in techtalk by
iHeartDomains.
With that being said, I'm goingto get started with a little bit
of opening news.
First and foremost, I want toannounce and I've pinned a
(04:00):
couple of things at the top ofthe space, but I wanted to
announce that Freename actually,just as of yesterday, has
relaunched their brand newwebsite on the fresh domain,
which is Freenamecom.
So now if you visit Freenamecom, you will see fresh UI.
You'll see updated features,not only in terms of
(04:21):
registration, search features,connection to the aftermarket,
etc.
But also features in the backoffice.
As far as you know, if you holdany TLDs or SLDs, there's a lot
of features that have beenadded as far as back-end
management.
So definitely kudos andcongrats to Freename for this
incredible and successful launchof their new website.
(04:42):
I've enjoyed using it so far.
Credible, successful launch oftheir new website.
I've enjoyed using it so far,definitely bullish on.
You know both what it can donow and what it's supposed to do
in the future.
It's actually and if you'vebeen in the back office at all,
you'll kind of get a hint atsome of the things that are
going to be worked on in thefuture that'll be eventually
coming to the Freename ecosystem.
(05:02):
So again, really excited.
If you aren't already familiar,you can become familiar by
either going to Freenamecom andjoining the community there or,
of course, iheart Domains andour community definitely can
guide anybody on their path togetting their first, either SLD
or TLD.
On Freename and, yeah, rightnow, along with the new website
(05:26):
launch, is a brand new promo,which is pretty much the most
aggressive promo that Freenameever launches.
So, no, really no better timethan now.
If you're interested, it getsyou 50% off.
That code is new site.
You'll also get airdropped tofree domains on one of
Freename's flagship TLD.
So, yeah, pretty good valuethere.
(05:47):
Second thing I wanted to mentionis, well, ai domains, and this
is just a quick, briefobservation.
Right now, ai domains arepretty much all on the crypto
Twitter crypto domain ortimeline.
If you're tapped into thatbubble, if you're following a
bunch of domainers, you probablynoticed that almost every sale
(06:09):
it seems like it's in the fivefigure, even some in the six
figures seem to be directlyrelated to AI.
Ai is on fire.
A lot of debates, a lot oftweets, a lot of conversations
going on.
It seems like the magic combois obviously single keywordai or
keywordaicom.
So seeing a lot of sales and alot of activity in that field.
(06:31):
So I've recently posted youknow the couple that I'm lucky
enough to hold that fit thecriteria of maybe being an OKAI
domain.
So I'm glad I've got a couplethat are, you know, some good
contenders and some that I canstand on.
But yeah, if you have anydomains in the AI space, right
now is a great market for them.
(06:52):
I would say it's probably aseller's market right now.
I don't know if it's going tobecome a buyer's market again
anytime soon, but AI isdefinitely positioning itself
and has positioned itselfdefinitely as a signal right.
Carrying AI in your name is asignal and it doesn't seem like
it's going to slow down any soon.
(07:14):
If anything, we're just seeingthe beginning of AI.
A lot of people are, you know,speculating that it's a trend
that'll fall off in the nextcouple of months or years.
But no, I think it willactually pick up and quite a few
others feel otherwise.
And with that being said,speaking of AI, ai agents, ai
and Web3 domains and namesregistrations are available on
(07:38):
any of our Web3.
Tlds owned on the free nameprotocol, tlds owned on the free
day protocol.
You can find those TLDs easy inthe registration pass to get
your own SLT very easily atiHeartDomainscom.
Those TLDs are dgen, exchainand defi, wallet.
And again, buy once, ownforever, no renewals and growing
(07:58):
every single day with utility,all right.
Well, now, without further ado,I'm going to get into the main
discussion.
As you can see at the top, thetitle is Does the World Need
Web3?
And I know we've talked aboutthis in some capacity.
Probably in every conversationthat we have or every
(08:18):
conversation that is had right.
We're continuously justifyingthe existence of Web3 or
justifying one platform orproject or another, but I think
it's usually from the lens orthe context of our specific
product, and we have thisinvisible user base of customers
who think are just going to getit.
(08:39):
And I don't think ever we well,not often.
I don't think we ever step backand really ask ourselves does
the rest of the world right?
The people outside of thebubble, outside of the neural
bubble, right?
Do they actually need Web3?
And how do I communicate thatvalue right?
And that's probably one of themajor hurdles.
(09:01):
I think that, if we learn toperfect, to overcome can lead to
other conversations.
Last week or the week before,we talked about things like our
elevator pitch and onboardingnormies into Web3.
And the obstacle in that isthat often we have to have the
conversation about Web3 prior tobeing able to dive into the
value of what we're actually inthe space to do.
Learning about the why of Web3can help make that conversation
(09:26):
easier.
So, diving in, right now we'reseeing major brands like Amazon,
walmart, shopify, paypal seemslike Venmo more every single day
, and I know I'm leaving outsome big ones, but we're
starting to see these majorhousehold brands embracing
crypto and stable coins.
Why are these industry giantssuddenly jumping into crypto?
(09:47):
Is it just hype or does itsignal a real shift?
Well, I personally think thatthey see the future that is
destined to come.
So let's talk about firstthings first, right, when we
talk about does the world needWeb3, well, what exactly even is
Web3, right?
Well, simply put, web3 is thecentralized feature of the
(10:09):
internet.
Right, it's unlike today'sinternet, which is controlled
largely by a few giant companies.
Web3 puts power back into yourhands, giving ownership of your
data, identity and money.
Think about it, right.
Instead of your data beingowned by big conglomerates like
Facebook or X, which we're onright now, or Google, you
control it.
(10:29):
Instead of banks controllingyour money, you're able to hold
the keys to your own assets andmove money around your money as
you please.
And I'm sharing that wholedefinition, because really
understanding the true value,the core value and ethos of Web3
can also aid in helping youcommunicate the value to other
(10:52):
people.
But again, why is this suddenlynow gaining steam?
It's because people arestarting to realize that the
older that is broken, right,we're facing constant data
breaches, censorship issues,financial exclusions.
I mean, again, we just told youabout what's going on with AI
right now To get a good AIdomain.
You're not looking at handregistration numbers, right?
(11:14):
People are looking forsomething better, something more
accessible.
Web3 is more than just cooltech.
It's about returning control,ownership and fairness back to
the users.
So, at the end of the day, it'sreally important to understand
that there really is a point andan ethos behind this, because
it makes it easier for you tostand right, like people say,
(11:37):
say it with your chest.
It makes it a lot easier to dothat when you have that true
conviction.
So now let's talk.
Let's go back to, like, theWalmart and all that.
Let's go back to these bigplayers, right, all these
household brands that are makingsignificant moves towards
crypto adoption.
And, for those of you whoaren't already familiar with the
news, right, amazon and Walmartare apparently going to
(11:58):
introduce their own stable coin.
So I don't know a Walmart buck,amazon dollar.
You're eventually going to seeone of those in the ecosystem.
Right, it's coming Shopify,partnered with Coinbase, I
believe, to integrate USDCpayments, paypal and Venmo was
at the beginning of this year, Ithink, or late last year.
(12:20):
Some little bit of time agohadn't even been that long.
Them and their integration andbeing able to now send crypto
and enabling millions of theirusers to send and integrate with
or interact with crypto justlike it's cash.
Right, these big brands havenow entered the space and found
a way to make their mark on Web3.
But here's the question likewhy?
(12:42):
Now, right, are these companiesjust chasing a trend or do they
see something deeper?
I've alluded to this inprevious conversations and this
is where I see, at least fromtheir perspective, where I see
the value.
They see a simpler, faster andcheaper global payment system.
(13:02):
Traditional money moves slow,it is very costly and it has
limits.
Crypto, and especiallystablecoins, which would now
justify their reason for wantingto issue their own dollar, that
really solves it instantly.
For brands, crypto isn't justcool, it's better business.
Again, there is a whole worldbehind merchant payments and
(13:24):
merchant services.
I come from that world right,that was a profession of mine
for quite some time and thereare real costs.
I mean literally to get in thedoor of a business if you're in
a merchant, if you're a merchantservice account representative.
99% of them are leading withcost as the reason for why that
merchant should talk to themabout their program.
(13:44):
Cost is a pain for any businessowner, small or large, and it's
ridiculous to a lot of businessowners the fact that it costs
money to accept money, and soit's natural that we're
continuously looking for ways tooptimize that.
Crypto is probably, at leastright now, the technology that
(14:04):
exists is the cheapest andfastest possible way to accept
payments, so it's not a matterof if.
It's a matter of when the restof the world wakes up to this as
a payment processing method.
Like I said, what this does now.
When these mainstream brandsstart to integrate this type of
(14:26):
payment processing and, inessence, they integrate crypto
right and understand when theydo this, everyone that is now
their customer, if they wannatake advantage of whatever it is
they've integrated now becomesa customer of crypto.
So overnight, amazon, walmart,shopify have essentially
introduced crypto to billions ofpeople.
For those same billions ofpeople, this may potentially be
(14:50):
their first crypto experience,and they'll do so because these
are brands that they trust, andthere are gonna be many more,
and this first experience isgonna introduce people to
wallets.
A percentage of them, just likeanything else, will take the
deep dive further, will wannalook at decentralization and
taking their money off, whateverAmazon wallet or Walmart wallet
(15:11):
gets created, and then this iswhere the opportunity for us and
for additional naming becomesreally pretty much a no-brainer
right.
So now think about the impact.
Small businesses worldwideeventually will start accepting
crypto payments from anywhere.
What this enables forindividuals, right, is people
(15:33):
who don't trust traditionalbanks now have access to
financial services and, ofcourse, global instant
transactions.
This improves the paymentprocessing system.
So we're looking at potentiallycrypto with any one of these
particular merchants moving theneedle from niche to mainstream
overnight.
That's the tipping point thatwe in the naming space and
(15:56):
everyone who's building a Web3is waiting for.
So now let's get to the nittygritty, right.
Let's be practical.
Why should the average personreally care about Web3 or crypto
adoption?
Well, again, going back toexplaining benefits that the
average person anyone canunderstand Financial freedom.
(16:17):
So going back to controllingyour own money, no reliance on
traditional banks or borders.
There is a substantial portionof the demographic that is
unbanked.
Some are unbanked because ofchoice, some are unbanked not
because of choice.
And access to wallets anddecentralized finance and
(16:38):
decentralized tokens opens upagain the ability to have
financial freedom to noteveryone, irregard know any
borders or any obstacles thatare your way Again, this
permissionless environment.
So for many, financial freedomis going to be the biggest
benefit to coming on theblockchain there.
Why Instant transactions?
You know, making transactionsfaster.
(17:00):
If you can pay for somethingfaster, well, you can receive
something faster, can't you?
Well, you can receive somethingfaster, can't you?
It kind of works both ways,right, if you are in, small
business has many meetings, butif you're like a super small
business, a business of one,you're not really able to take
advantage of some of thecorporate suites and stuff like
that are out there.
So still, you're able tobenefit just from base
(17:29):
functionality of cryptocurrencyas a small business owner, from
that two-way street.
If you're paying someone incrypto and you're wanting to
receive a good, they have noexcuse not to deliver that good
instantly and most often thannot, if you're buying anything
on chain, it's being deliveredvia smart contract.
So we're talking about instanttransactions.
But same thing if you'rewanting to receive payment for
doing something, right, beingable to accept cryptocurrency as
a small merchant, as a mom andpop, somebody who braids hair,
(17:53):
somebody who's just sellingsomething at a garage sale If
you're able to get your moneyinstantly in your wallet, so
without any charge, and that'sthe other thing too, if you go
through it, if you, if you know,you know, if you're a business
owner that runs a lot oftransactions too, and we'll see,
kind of how this plays out.
Because consumer protection,that's obviously needed.
(18:14):
I think there should be asystem where people, if they are
defrauded or if they don't getsomething for their uh, for what
they pay for, they should havea way to to dispute that.
But the chargeback system ingeneral, when it comes to like
MasterCard and Visa, it's aheadache.
It's something that if you're asmall business, it can ruin
your month If you have a bigchargeback that comes through
(18:37):
and you don't have the moneyreally to cover it, and so again
, how that kind of works itselfout and creates a balance, we'll
see.
But now at least, like thegeneral benefit that you can
like really kind of count onright in a straight up
one-on-one transaction, is thatyou're protected essentially
from chargebacks.
You get my point.
So instant transactions, beingable to get your money instantly
(18:58):
, no fees, no delays, notdisappearing out of your wallet
the next day All of that goodstuff is really big benefits
that are easily communicable toother people and then again,
being able to own your own data,your identity and digital
assets.
It feels good.
So first let's expand on digitalassets.
(19:19):
Digital assets means a lot.
It doesn't just mean NFTs.
It doesn't even just meandomains and TLDs.
There are a lot of things thatare going to be brought on chain
, including your business itself.
Even currently today, you cancreate LLCs, full corporations
with wallets, with tokens, withall kinds of things attached to
(19:39):
them, completely on chain, andowning these things in your
wallet, where you feel securewith your keys, is a big benefit
for security and also forkeeping these things private and
out of the hands of otherpeople.
Things in your wallet where youfeel secure with your keys, is
a big benefit for security andalso for keeping these things
private and out of the hands ofother people.
Again, as we have more adoptionand as there's more on ramps and
more UI that makes this easyfor most people to understand
(20:00):
and interact with, you're goingto see a lot more of it.
It will click.
It's not hard to click.
And the last reason is again,again, universal access, equal
access for anyone.
Anyone with an Internetconnection can access blockchain
.
I don't know if there arecountries that can like,
intercept Internet and do allthat, but for the most part, I'm
(20:26):
at least confidently sayingthat I think every human being
can somehow, some way get accessto blockchain or a connection
to the Internet and, with thatbeing said, every single human
being has equal access to theblockchain.
And that is probably somethingthat I don't know of anything or
any technological revolutionwhere that's ever been the case.
There's always been some sort ofbarrier, whether it be the
(20:49):
equipment to either to even geton, so, like back in the day,
right to get on the originalinternet, you had to have a
computer right and computerswere thousands of dollars and
this was in what the 90s we'renot every I mean thousands of
dollars was a lot of money backthen, so it was inaccessible.
You're accessing the computerat libraries.
You're accessing the computer,probably at your work, if they
(21:09):
were funded.
You accessing the computer atlibraries.
You're accessing the computer,probably at your work, if they
were funded.
You're accessing your computerat school.
A lot of people originallydidn't have it in their home and
some people still don't now,depending on.
I mean, computers are, again,depending on where you're at.
A lot of people still don'thave access to it now, but if
you got a cell phone, you canget on the blockchain.
You can create an entirebusiness on chain, receive, send
(21:34):
cryptocurrency.
The system is, for the most part, fair to everyone.
Dapps work for everyone, itdoesn't matter where you're at.
So that is again.
Web3 will and does now makelife easier, fairer, faster and
cheaper, and that's something Ithink everyone can appreciate.
So how do you prepare people forthis Web3 future, right?
How do you communicate this topeople?
Well, again, going back to justthe simple thing that we
(21:56):
continuously harp on, whatyou're doing right now is you're
getting, for me, education, andwhat you give to other people
is education, and that's wherethis all starts.
Understanding Web3 basics,crypto wallets, digital identity
puts both us and anyone that wespeak to miles ahead.
Telling somebody or onboardingsomeone and letting them know
(22:17):
hey, even if you don't get itnow, you'll get it at some point
.
This is sometimes again and, asI said, the last, I think the
last tech talk giving somebody adomain for free, onboarding
them.
That way, you know, that may bethe service that you do to get
people prepared for what we know, what's going to come Other
(22:37):
educational services out there.
Again, we created acertification course, the
Fundamentals of Web 3.0Industrial ID.
It's about to be live in acouple weeks at learnweb3.xyz,
also learnweb3.app, and I'm nottrying to shill it, I'm just
saying these type of and there'smore structured resources out
there.
But more structured resourceslike that, formal resources to
(22:58):
help prepare students, jobseekers, employers, anybody for
the future that's inevitable inWeb3.
These are the things that weneed more and more of, because,
again, when people start seeingthese benefits and when people
start applying these benefitsand as more large corporations
start quote kind of in anessence, forcing it on people to
an extent, they'll be betterprepared for it, better to take
(23:21):
advantage of it and I wouldassume, just like in typical
Amazon or Walmart fashion, again, they're going to do a lot of
work for us and we're extremelylucky.
That's why I'm always bullishwhen they come up with these
announcements.
I see Walmart incentivizingsome way people to experiment
with this new thing called Web3and their stable coin maybe
(23:43):
getting cash back if you pay intheir coin, or something like
that.
So, again, pay attention towhat's going on out there.
Use this in your tool book whenyou're pitching to people and
let them know, like this isn't.
We're not talking about a future, about make-believe.
We're talking about things thatare happening.
We're talking about these.
Stable coins are being created.
(24:03):
This is happening.
This ecosystem is being adoptedby major players.
It makes sense in more waysthan one.
Again, it's not just about funmonkey pictures and wagging me
and trading tokens and gettingdumped on.
There is real technology andreal benefit here, and there are
billions and trillions ofdollars out there that can be
saved or optimized by savingmoney through blockchain and the
(24:26):
speed that blockchain offers.
So, kind of wrapping it up,does the world really need Web3?
Absolutely, again, because Web3represents fairness, speed,
freedom and innovation.
The recent moves again by thesebig players prove this shift is
already underway.
The world isn't just ready forWeb 3.0, it's already embracing
(24:50):
it.
Early education and adoptionmatter.
I encourage you to continue tocheck out and study educational
resources, claim your digitalidentity and get ready, because,
again, web 3.0 is here and it'schanging everything.
I want to thank you guys all fortuning in live to this Tech
Talk.
Again.
These are recorded live hereand then these are also posted
in the next couple of changingeverything.
I want to thank you guys allfor tuning in live to this Tech
Talk.
Again, these are recorded livehere and then these are also
(25:11):
posted in the next couple ofdays to our podcast.
If you guys are interested inlistening to any of our past
episodes of our Tech Talk, youcan easily reach us at
techtalkhost.
Again, we do this typically onevery Friday each week to dive
into a new topic focused arounddigital identity and web through
domain names.
Did it today, on Thursday,because I actually have a super
(25:33):
busy weekend.
This weekend I'm going to atech startup boot camp, so going
to be introducing again, goingto be taking in some alpha and
going to be giving some alpha aswell.
This is another great tacticfor anybody also that's building
in the space.
If you have any local eventsnear you, any entrepreneur,
(25:54):
startup, tech events, it's a wayto get your feet wet with
introducing this.
Trust me, people are hearingabout this and they're curious,
but they're hearing it in justglimpses.
They're seeing it little piecesof the news, a little tweet
here.
The first person to reallybreak this down to them might be
you.
And again, once they hear allthis, they may just realize that
they in fact do need Web3.
(26:15):
Yeah, thank you guys for tuningin.
Talk to you guys next Friday onthe regular schedule.
Focus on your mission and notyour condition.
Thank you for attending thisTech Talk.
Talk to you guys next week.
no-transcript.
Speaker 2 (02:35):
Yeah, doing this on a different day and different
time this week, but this is alive discussion that we record
here weekly on X, where wehighlight news, innovation,
education, alpha and businessdevelopment in the Web3 domain
and digital identity space.
I am your host, marcus aka WynnAirdrop, the founder of
iHeartDomains, and we are yournumber one resource for unbiased
(02:57):
blockchain and Web3 domaineducational content, with over
150, now at this point Tech Talkepisodes and YouTube videos
produced and archived over thepast two and a half years.
If you want to search ourpodcast archive for any
additional episodes, you can doso easily at iharkdomainscom,
(03:20):
where every single episode is onfull display.
It's also accompanied with anice little blog post, so a good
way to digest the information,whether you like to read or
whether you like to listen.
Also, if you have a favoritepodcast player that you'd like
to listen to, all of theseepisodes are also available on
(03:40):
every major podcast player,including Apple Podcasts,
spotify and iHeartRadio.
You can easily reach ourepisodes at techtalkhost or, if
you're in any of those players,just simply type in techtalk by
iHeartDomains.
With that being said, I'm goingto get started with a little bit
of opening news.
First and foremost, I want toannounce and I've pinned a
(04:00):
couple of things at the top ofthe space, but I wanted to
announce that Freename actually,just as of yesterday, has
relaunched their brand newwebsite on the fresh domain,
which is Freenamecom.
So now if you visit Freenamecom, you will see fresh UI.
You'll see updated features,not only in terms of
(04:21):
registration, search features,connection to the aftermarket,
etc.
But also features in the backoffice.
As far as you know, if you holdany TLDs or SLDs, there's a lot
of features that have beenadded as far as back-end
management.
So definitely kudos andcongrats to Freename for this
incredible and successful launchof their new website.
(04:42):
I've enjoyed using it so far.
Credible, successful launch oftheir new website.
I've enjoyed using it so far,definitely bullish on.
You know both what it can donow and what it's supposed to do
in the future.
It's actually and if you'vebeen in the back office at all,
you'll kind of get a hint atsome of the things that are
going to be worked on in thefuture that'll be eventually
coming to the Freename ecosystem.
(05:02):
So again, really excited.
If you aren't already familiar,you can become familiar by
either going to Freenamecom andjoining the community there or,
of course, iheart Domains andour community definitely can
guide anybody on their path togetting their first, either SLD
or TLD.
On Freename and, yeah, rightnow, along with the new website
(05:26):
launch, is a brand new promo,which is pretty much the most
aggressive promo that Freenameever launches.
So, no, really no better timethan now.
If you're interested, it getsyou 50% off.
That code is new site.
You'll also get airdropped tofree domains on one of
Freename's flagship TLD.
So, yeah, pretty good valuethere.
(05:47):
Second thing I wanted to mentionis, well, ai domains, and this
is just a quick, briefobservation.
Right now, ai domains arepretty much all on the crypto
Twitter crypto domain ortimeline.
If you're tapped into thatbubble, if you're following a
bunch of domainers, you probablynoticed that almost every sale
(06:09):
it seems like it's in the fivefigure, even some in the six
figures seem to be directlyrelated to AI.
Ai is on fire.
A lot of debates, a lot oftweets, a lot of conversations
going on.
It seems like the magic combois obviously single keywordai or
keywordaicom.
So seeing a lot of sales and alot of activity in that field.
(06:31):
So I've recently posted youknow the couple that I'm lucky
enough to hold that fit thecriteria of maybe being an OKAI
domain.
So I'm glad I've got a couplethat are, you know, some good
contenders and some that I canstand on.
But yeah, if you have anydomains in the AI space, right
now is a great market for them.
(06:52):
I would say it's probably aseller's market right now.
I don't know if it's going tobecome a buyer's market again
anytime soon, but AI isdefinitely positioning itself
and has positioned itselfdefinitely as a signal right.
Carrying AI in your name is asignal and it doesn't seem like
it's going to slow down any soon.
(07:14):
If anything, we're just seeingthe beginning of AI.
A lot of people are, you know,speculating that it's a trend
that'll fall off in the nextcouple of months or years.
But no, I think it willactually pick up and quite a few
others feel otherwise.
And with that being said,speaking of AI, ai agents, ai
and Web3 domains and namesregistrations are available on
(07:38):
any of our Web3.
Tlds owned on the free nameprotocol, tlds owned on the free
day protocol.
You can find those TLDs easy inthe registration pass to get
your own SLT very easily atiHeartDomainscom.
Those TLDs are dgen, exchainand defi, wallet.
And again, buy once, ownforever, no renewals and growing
(07:58):
every single day with utility,all right.
Well, now, without further ado,I'm going to get into the main
discussion.
As you can see at the top, thetitle is Does the World Need
Web3?
And I know we've talked aboutthis in some capacity.
Probably in every conversationthat we have or every
(08:18):
conversation that is had right.
We're continuously justifyingthe existence of Web3 or
justifying one platform orproject or another, but I think
it's usually from the lens orthe context of our specific
product, and we have thisinvisible user base of customers
who think are just going to getit.
(08:39):
And I don't think ever we well,not often.
I don't think we ever step backand really ask ourselves does
the rest of the world right?
The people outside of thebubble, outside of the neural
bubble, right?
Do they actually need Web3?
And how do I communicate thatvalue right?
And that's probably one of themajor hurdles.
(09:01):
I think that, if we learn toperfect, to overcome can lead to
other conversations.
Last week or the week before,we talked about things like our
elevator pitch and onboardingnormies into Web3.
And the obstacle in that isthat often we have to have the
conversation about Web3 prior tobeing able to dive into the
value of what we're actually inthe space to do.
Learning about the why of Web3can help make that conversation
(09:26):
easier.
So, diving in, right now we'reseeing major brands like Amazon,
walmart, shopify, paypal seemslike Venmo more every single day
, and I know I'm leaving outsome big ones, but we're
starting to see these majorhousehold brands embracing
crypto and stable coins.
Why are these industry giantssuddenly jumping into crypto?
(09:47):
Is it just hype or does itsignal a real shift?
Well, I personally think thatthey see the future that is
destined to come.
So let's talk about firstthings first, right, when we
talk about does the world needWeb3, well, what exactly even is
Web3, right?
Well, simply put, web3 is thecentralized feature of the
(10:09):
internet.
Right, it's unlike today'sinternet, which is controlled
largely by a few giant companies.
Web3 puts power back into yourhands, giving ownership of your
data, identity and money.
Think about it, right.
Instead of your data beingowned by big conglomerates like
Facebook or X, which we're onright now, or Google, you
control it.
(10:29):
Instead of banks controllingyour money, you're able to hold
the keys to your own assets andmove money around your money as
you please.
And I'm sharing that wholedefinition, because really
understanding the true value,the core value and ethos of Web3
can also aid in helping youcommunicate the value to other
(10:52):
people.
But again, why is this suddenlynow gaining steam?
It's because people arestarting to realize that the
older that is broken, right,we're facing constant data
breaches, censorship issues,financial exclusions.
I mean, again, we just told youabout what's going on with AI
right now To get a good AIdomain.
You're not looking at handregistration numbers, right?
(11:14):
People are looking forsomething better, something more
accessible.
Web3 is more than just cooltech.
It's about returning control,ownership and fairness back to
the users.
So, at the end of the day, it'sreally important to understand
that there really is a point andan ethos behind this, because
it makes it easier for you tostand right, like people say,
(11:37):
say it with your chest.
It makes it a lot easier to dothat when you have that true
conviction.
So now let's talk.
Let's go back to, like, theWalmart and all that.
Let's go back to these bigplayers, right, all these
household brands that are makingsignificant moves towards
crypto adoption.
And, for those of you whoaren't already familiar with the
news, right, amazon and Walmartare apparently going to
(11:58):
introduce their own stable coin.
So I don't know a Walmart buck,amazon dollar.
You're eventually going to seeone of those in the ecosystem.
Right, it's coming Shopify,partnered with Coinbase, I
believe, to integrate USDCpayments, paypal and Venmo was
at the beginning of this year, Ithink, or late last year.
(12:20):
Some little bit of time agohadn't even been that long.
Them and their integration andbeing able to now send crypto
and enabling millions of theirusers to send and integrate with
or interact with crypto justlike it's cash.
Right, these big brands havenow entered the space and found
a way to make their mark on Web3.
But here's the question likewhy?
(12:42):
Now, right, are these companiesjust chasing a trend or do they
see something deeper?
I've alluded to this inprevious conversations and this
is where I see, at least fromtheir perspective, where I see
the value.
They see a simpler, faster andcheaper global payment system.
(13:02):
Traditional money moves slow,it is very costly and it has
limits.
Crypto, and especiallystablecoins, which would now
justify their reason for wantingto issue their own dollar, that
really solves it instantly.
For brands, crypto isn't justcool, it's better business.
Again, there is a whole worldbehind merchant payments and
(13:24):
merchant services.
I come from that world right,that was a profession of mine
for quite some time and thereare real costs.
I mean literally to get in thedoor of a business if you're in
a merchant, if you're a merchantservice account representative.
99% of them are leading withcost as the reason for why that
merchant should talk to themabout their program.
(13:44):
Cost is a pain for any businessowner, small or large, and it's
ridiculous to a lot of businessowners the fact that it costs
money to accept money, and soit's natural that we're
continuously looking for ways tooptimize that.
Crypto is probably, at leastright now, the technology that
(14:04):
exists is the cheapest andfastest possible way to accept
payments, so it's not a matterof if.
It's a matter of when the restof the world wakes up to this as
a payment processing method.
Like I said, what this does now.
When these mainstream brandsstart to integrate this type of
(14:26):
payment processing and, inessence, they integrate crypto
right and understand when theydo this, everyone that is now
their customer, if they wannatake advantage of whatever it is
they've integrated now becomesa customer of crypto.
So overnight, amazon, walmart,shopify have essentially
introduced crypto to billions ofpeople.
For those same billions ofpeople, this may potentially be
(14:50):
their first crypto experience,and they'll do so because these
are brands that they trust, andthere are gonna be many more,
and this first experience isgonna introduce people to
wallets.
A percentage of them, just likeanything else, will take the
deep dive further, will wannalook at decentralization and
taking their money off, whateverAmazon wallet or Walmart wallet
(15:11):
gets created, and then this iswhere the opportunity for us and
for additional naming becomesreally pretty much a no-brainer
right.
So now think about the impact.
Small businesses worldwideeventually will start accepting
crypto payments from anywhere.
What this enables forindividuals, right, is people
(15:33):
who don't trust traditionalbanks now have access to
financial services and, ofcourse, global instant
transactions.
This improves the paymentprocessing system.
So we're looking at potentiallycrypto with any one of these
particular merchants moving theneedle from niche to mainstream
overnight.
That's the tipping point thatwe in the naming space and
(15:56):
everyone who's building a Web3is waiting for.
So now let's get to the nittygritty, right.
Let's be practical.
Why should the average personreally care about Web3 or crypto
adoption?
Well, again, going back toexplaining benefits that the
average person anyone canunderstand Financial freedom.
(16:17):
So going back to controllingyour own money, no reliance on
traditional banks or borders.
There is a substantial portionof the demographic that is
unbanked.
Some are unbanked because ofchoice, some are unbanked not
because of choice.
And access to wallets anddecentralized finance and
(16:38):
decentralized tokens opens upagain the ability to have
financial freedom to noteveryone, irregard know any
borders or any obstacles thatare your way Again, this
permissionless environment.
So for many, financial freedomis going to be the biggest
benefit to coming on theblockchain there.
Why Instant transactions?
You know, making transactionsfaster.
(17:00):
If you can pay for somethingfaster, well, you can receive
something faster, can't you?
Well, you can receive somethingfaster, can't you?
It kind of works both ways,right, if you are in, small
business has many meetings, butif you're like a super small
business, a business of one,you're not really able to take
advantage of some of thecorporate suites and stuff like
that are out there.
So still, you're able tobenefit just from base
(17:29):
functionality of cryptocurrencyas a small business owner, from
that two-way street.
If you're paying someone incrypto and you're wanting to
receive a good, they have noexcuse not to deliver that good
instantly and most often thannot, if you're buying anything
on chain, it's being deliveredvia smart contract.
So we're talking about instanttransactions.
But same thing if you'rewanting to receive payment for
doing something, right, beingable to accept cryptocurrency as
a small merchant, as a mom andpop, somebody who braids hair,
(17:53):
somebody who's just sellingsomething at a garage sale If
you're able to get your moneyinstantly in your wallet, so
without any charge, and that'sthe other thing too, if you go
through it, if you, if you know,you know, if you're a business
owner that runs a lot oftransactions too, and we'll see,
kind of how this plays out.
Because consumer protection,that's obviously needed.
(18:14):
I think there should be asystem where people, if they are
defrauded or if they don't getsomething for their uh, for what
they pay for, they should havea way to to dispute that.
But the chargeback system ingeneral, when it comes to like
MasterCard and Visa, it's aheadache.
It's something that if you're asmall business, it can ruin
your month If you have a bigchargeback that comes through
(18:37):
and you don't have the moneyreally to cover it, and so again
, how that kind of works itselfout and creates a balance, we'll
see.
But now at least, like thegeneral benefit that you can
like really kind of count onright in a straight up
one-on-one transaction, is thatyou're protected essentially
from chargebacks.
You get my point.
So instant transactions, beingable to get your money instantly
(18:58):
, no fees, no delays, notdisappearing out of your wallet
the next day All of that goodstuff is really big benefits
that are easily communicable toother people and then again,
being able to own your own data,your identity and digital
assets.
It feels good.
So first let's expand on digitalassets.
(19:19):
Digital assets means a lot.
It doesn't just mean NFTs.
It doesn't even just meandomains and TLDs.
There are a lot of things thatare going to be brought on chain
, including your business itself.
Even currently today, you cancreate LLCs, full corporations
with wallets, with tokens, withall kinds of things attached to
(19:39):
them, completely on chain, andowning these things in your
wallet, where you feel securewith your keys, is a big benefit
for security and also forkeeping these things private and
out of the hands of otherpeople.
Things in your wallet where youfeel secure with your keys, is
a big benefit for security andalso for keeping these things
private and out of the hands ofother people.
Again, as we have more adoptionand as there's more on ramps and
more UI that makes this easyfor most people to understand
(20:00):
and interact with, you're goingto see a lot more of it.
It will click.
It's not hard to click.
And the last reason is again,again, universal access, equal
access for anyone.
Anyone with an Internetconnection can access blockchain
.
I don't know if there arecountries that can like,
intercept Internet and do allthat, but for the most part, I'm
(20:26):
at least confidently sayingthat I think every human being
can somehow, some way get accessto blockchain or a connection
to the Internet and, with thatbeing said, every single human
being has equal access to theblockchain.
And that is probably somethingthat I don't know of anything or
any technological revolutionwhere that's ever been the case.
There's always been some sort ofbarrier, whether it be the
(20:49):
equipment to either to even geton, so, like back in the day,
right to get on the originalinternet, you had to have a
computer right and computerswere thousands of dollars and
this was in what the 90s we'renot every I mean thousands of
dollars was a lot of money backthen, so it was inaccessible.
You're accessing the computerat libraries.
You're accessing the computer,probably at your work, if they
(21:09):
were funded.
You accessing the computer atlibraries.
You're accessing the computer,probably at your work, if they
were funded.
You're accessing your computerat school.
A lot of people originallydidn't have it in their home and
some people still don't now,depending on.
I mean, computers are, again,depending on where you're at.
A lot of people still don'thave access to it now, but if
you got a cell phone, you canget on the blockchain.
You can create an entirebusiness on chain, receive, send
(21:34):
cryptocurrency.
The system is, for the most part, fair to everyone.
Dapps work for everyone, itdoesn't matter where you're at.
So that is again.
Web3 will and does now makelife easier, fairer, faster and
cheaper, and that's something Ithink everyone can appreciate.
So how do you prepare people forthis Web3 future, right?
How do you communicate this topeople?
Well, again, going back to justthe simple thing that we
(21:56):
continuously harp on, whatyou're doing right now is you're
getting, for me, education, andwhat you give to other people
is education, and that's wherethis all starts.
Understanding Web3 basics,crypto wallets, digital identity
puts both us and anyone that wespeak to miles ahead.
Telling somebody or onboardingsomeone and letting them know
(22:17):
hey, even if you don't get itnow, you'll get it at some point
.
This is sometimes again and, asI said, the last, I think the
last tech talk giving somebody adomain for free, onboarding
them.
That way, you know, that may bethe service that you do to get
people prepared for what we know, what's going to come Other
(22:37):
educational services out there.
Again, we created acertification course, the
Fundamentals of Web 3.0Industrial ID.
It's about to be live in acouple weeks at learnweb3.xyz,
also learnweb3.app, and I'm nottrying to shill it, I'm just
saying these type of and there'smore structured resources out
there.
But more structured resourceslike that, formal resources to
(22:58):
help prepare students, jobseekers, employers, anybody for
the future that's inevitable inWeb3.
These are the things that weneed more and more of, because,
again, when people start seeingthese benefits and when people
start applying these benefitsand as more large corporations
start quote kind of in anessence, forcing it on people to
an extent, they'll be betterprepared for it, better to take
(23:21):
advantage of it and I wouldassume, just like in typical
Amazon or Walmart fashion, again, they're going to do a lot of
work for us and we're extremelylucky.
That's why I'm always bullishwhen they come up with these
announcements.
I see Walmart incentivizingsome way people to experiment
with this new thing called Web3and their stable coin maybe
(23:43):
getting cash back if you pay intheir coin, or something like
that.
So, again, pay attention towhat's going on out there.
Use this in your tool book whenyou're pitching to people and
let them know, like this isn't.
We're not talking about a future, about make-believe.
We're talking about things thatare happening.
We're talking about these.
Stable coins are being created.
(24:03):
This is happening.
This ecosystem is being adoptedby major players.
It makes sense in more waysthan one.
Again, it's not just about funmonkey pictures and wagging me
and trading tokens and gettingdumped on.
There is real technology andreal benefit here, and there are
billions and trillions ofdollars out there that can be
saved or optimized by savingmoney through blockchain and the
(24:26):
speed that blockchain offers.
So, kind of wrapping it up,does the world really need Web3?
Absolutely, again, because Web3represents fairness, speed,
freedom and innovation.
The recent moves again by thesebig players prove this shift is
already underway.
The world isn't just ready forWeb 3.0, it's already embracing
(24:50):
it.
Early education and adoptionmatter.
I encourage you to continue tocheck out and study educational
resources, claim your digitalidentity and get ready, because,
again, web 3.0 is here and it'schanging everything.
I want to thank you guys all fortuning in live to this Tech
Talk.
Again.
These are recorded live hereand then these are also posted
in the next couple of changingeverything.
I want to thank you guys allfor tuning in live to this Tech
Talk.
Again, these are recorded livehere and then these are also
(25:11):
posted in the next couple ofdays to our podcast.
If you guys are interested inlistening to any of our past
episodes of our Tech Talk, youcan easily reach us at
techtalkhost.
Again, we do this typically onevery Friday each week to dive
into a new topic focused arounddigital identity and web through
domain names.
Did it today, on Thursday,because I actually have a super
(25:33):
busy weekend.
This weekend I'm going to atech startup boot camp, so going
to be introducing again, goingto be taking in some alpha and
going to be giving some alpha aswell.
This is another great tacticfor anybody also that's building
in the space.
If you have any local eventsnear you, any entrepreneur,
(25:54):
startup, tech events, it's a wayto get your feet wet with
introducing this.
Trust me, people are hearingabout this and they're curious,
but they're hearing it in justglimpses.
They're seeing it little piecesof the news, a little tweet
here.
The first person to reallybreak this down to them might be
you.
And again, once they hear allthis, they may just realize that
they in fact do need Web3.
(26:15):
Yeah, thank you guys for tuningin.
Talk to you guys next Friday onthe regular schedule.
Focus on your mission and notyour condition.
Thank you for attending thisTech Talk.
Talk to you guys next week.
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