Debunking Web3 Myths and Why Businesses Should Care with Uzair Osman

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In today’s world, technology is advancing rapidly and changing the way we live our lives. The internet has evolved from Web 1.0 to Web 2.0, and now, we are on the brink of a new era known as Web 3.0. Web 3.0 promises to bring a revolutionary change to the internet by utilizing blockchain technology, cryptocurrency, and the Metaverse. This new technology will change how we interact with the internet, with each other, and the world around us.

In this episode of the Hands On Business podcast, Uzair Osman joins us to talk about debunking web3 myths and why businesses should care. Web 3.0 is a new version of the internet, and it will change how businesses operate. It is all about being decentralized, which means no one person or company is in charge of it. Instead, everyone who uses it is in charge. This makes it more fair and secure.

Listen in to learn as Uzair breaks down the different Web 3.0 jargon that we often hear about in an easy and understandable way. He also tells us why he believes traditional Web 2.0 businesses can leverage this new tech.

What You Will Learn:

[00:00] Intro and a bit about our guest today, Uzair Osman

[01:33] How Uzair became an NFT and Web 3.0 expert and enthusiast

[10:23] Web 1.0, Web 2.0, and Web 3.0 explained

[11:23] The main defect with Web 2.0 and how Web 3.0 comes to fix it

[13:20] The simplest definition of blockchain and why it is important

[14:49] Who created the Blockchain?

[17:04] Can anybody create their blockchain?

[18:42] How are you paid for your content, and who pays you in Blockchain?

[21:23] Why Blockchain is the future technology

[28:17] How will your audience know when you have new content in the blockchain

[32:01] What is cryptocurrency?

[35:14] Transacting from one type of cryptocurrency to another

[37:08] NFT and how the metaverse comes into play in all this

[53:00] Ways you can monetize your content using NFT

[01:03:59] Why businesses should be concerned about Web 3.0, NFT & metaverse

[01:06:34] Ways you can start making money in cryptocurrency

[01:08:52] Ending the show and calls to action

Standout Quotes

  • “One of the defects with Web 2.0 is that there is no privacy. Your data is not private in any way.”– Uzair Osman [11:23]
  • Web 3.0 is all about decentralization of data. You not only produce and consume content on the internet, but also maintain privacy of your data.”– Uzair Osman [12:41]
  • “In Web 3.0, you are the one monetizing your work, cutting the middle-man and controlling your own data.” – Uzair Osman [18:32]
  • “Anyone, as long as they have internet connection, can transact in cryptocurrency. The inclusivity factor and giving everyone a chance changes the game.”– Uzair Osman [32:41]
  • “Something that is underrated in business is training people on how you want them to do business in your company.”Uzair Osman [58:11]

Stay Connected

Uzair Osman


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