Web3 for Dummies

Valeria Henkel
,
6.3.2023

Are you struggling to explain web3 to newcomers? 🤔

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This can be a tough task, especially if they are not familiar with the technical jargon. Fortunately, there are ways to simplify the explanation and make it more accessible.

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One interesting approach was discussed in an article by Mert Zafer Mutlu, who talked about building strong communities in web3. In addition to this, he shared a list of synonyms that can be used for web3-related buzzwords to help describe the concept to newcomers:

NFT’s = Shares
Projects = Companies
Creators = Founders
DAOs = Management
Collectors = Shareholders
JPEG = Stock Certificate
Royalties = Revenue
Tokens = Dividends
Utility = Product
Community = Marketing

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While some may argue that this is a corporate jargon-driven view of the space, it is nonetheless an approach that can stimulate the discourse between web2 and web3. By using simpler language, we can make the technology more accessible and inclusive to those who are new to it.

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The content was primarily produced for Linkedin, enhanced with the help of AI and published here on the metavalue micro-blog.
As a leading web3 marketing agency, metavalue helps companies to enter the internet of the future, the web3. Our services range from consulting services such as onboarding workshops or the development of digital products (e.g. NFTs) to communication services such as the activation and management of web3 communities.
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