The New Web 3: A Better, Safer and Stronger Internet

This episode is sponsored by EY.

In the Web 2 era of the internet, online abuse, loss of autonomy over personal data and the proliferation of disinformation are rampant.

Frank McCourt, billionaire and former owner of the Los Angeles Dodgers baseball team, believes blockchain has the power to solve many of our Web 2 problems by strengthening individual autonomy and harmonizing online communities into one cohesive whole, free from abuse or misinformation. But he's not alone! This idea may seem like a long shot at first glance, given how quickly technology changes nowadays. However, there are those who believe in what McCourt is trying to do with his company-, and everyone is paying attention.

McCourt, now CEO of Unfinished, joins “Money Reimagined” with Michael Casey and Sheila Warren to discuss Project Liberty, an initiative to reimagine the internet from the ground up.

The future internet needs to be built with societal governance at its core. McCourt argues for entirely new protocols designed to follow the principles and governance structures researched and established to address faults within the current web.

A safer internet is on the horizon, one with stronger personal data rights, decentralized power and a balance of truth, trust and transparency.

This episode was produced and edited by Michele Musso with announcements by Adam B. Levine with additional production support from Eleanor Pahl. Our theme song is “Shepard.”

Consensus 2022, the industry’s most influential event, is happening June 9-12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code MONEYREIMAGINED15 to get 15% off your GA and Pro pass at coindesk.com/consensus2022.