Twitter co-founder Jack Dorsey has announced on Twitter (obviously) that he was launching Web5.
“This will likely be our most important contribution to the internet,” Dorsey tweeted, “proud of the team. (RIP web3 VCs).”
Dorsey linked the page for Web5, which is referred to as an “extra decentralized platform.”
When you go to the Website of Web5, here’s what you find:
….. democratized the exchange of information, but it’s missing a key layer: identity. We struggle to secure personal data with hundreds of accounts and passwords we can’t remember. On the web today, identity and personal data have become the property of third parties.
Web5 brings decentralized identity and data storage to your applications. It lets devs focus on creating delightful user experiences, while returning ownership of data and identity to individuals.
Image credit: Web5
