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DFIN Glossary
FinTech,Web 3.0, DeFi

The Metaverse and Global Warming

Global Warming  FinTech - DeFi - Web 3.0 Metaverse

This DFIN Glossary is to be used for informational purposes only and intended to assist the public in understanding some of the specialized words and phrases in FinTech. This Glossary is not all inclusive,. DFIN Assumes no responsibility for errors and omissions.

Web 1.0 : This website is built in an information-based web 1.0 style.
Web 2.0 :  Web 3.0 elements have been around since the turn of the Century but are gaining steam at this time. This is not a new web only new technology. The end game is to remove intermediaries .

Web 1.0 and 2.0 Is Centralized
Web 1.0  Web 2.0  and Web 3.0

Web 3.0 is Decentralized
Advantages of Web 3.0
Efficiency in Search Results Better Access to Information
End user has complete control of data through
Intermediaries like Apple, Google and governments no longer control data services or sites
Digital Assets can be moved quickly Sharing information will be easier
No interruption of service since all data is stored in all nodes Harder to adopt a fake identity online
Easier to work on the Internet because it can be personalized Multiple backups will eliminates disruption of dataflow
Disadvantages of Web 3.0
Only advanced devises can handle 3.0. This will lockout many people Complicated for newcomers to grasp the concept
Privacy policies and controls are more important than ever It will be easier to find people personal and private information. Less anonymous than 1.0 and 2.0
Web 1.0 will seem obsolete and less appealing to users People will spend too much time on the Internet

Web 3.0 is upon us: As a natural progression from Web 2.0, Web 3.0 is a cycle that has taken all the gains made by its predecessor with regard to interacting with the internet and scaled them up resulting in a more connected, intelligent and open web. Web 3.0 is set to bring a transformation where the user moves from the siloed approach to a seamless one.      

Semantic Web : A key element of Web 3.0 From the WW3 Consortium = W3C is helping to build a technology stack to support a “Web of data,” the sort of data you find in databases. The ultimate goal of the Web of data is to enable computers to do more useful work and to develop systems that can support trusted interactions over the network. The term “Semantic Web” refers to W3C’s vision of the Web of linked data. Semantic Web technologies enable people to create data stores on the Web, build vocabularies, and write rules for handling data. Linked data are empowered by technologies such as RDF, SPARQL, OWL, and SKOS. 

Why You Need to Care About Decentralized Finance (DeFi) - also known as Web 3.0 : In July 2021 Forbes address the power of decentralized Global financial services, powered by smart contracts and no personal intervention.  Https://     

DeFi = Decentralized Finance:  A movement toward open finance including banking.   All products available today will be available through non-regulated parties in some cases with a goal of removing some if not all intermediaries.

Domino Effect on NFT Defi and Web 3.0 Adoption: DeFi and Web 3.0 would not be possible without the current Internet Technology.

What is a Digitlord?: Think Landlord for digital real estate. A Digitlord buys, leases, or sells digital real estate. I am a Digitlord. I buy domains, and recently began the process to lease and sell domains. See  

I saw the opportunity in the late 90s when I began using the term Digitlord to define a person that leases and sells digital real estate (domains). I purchased the domain name, Digitlord. Com  and executed a Digitlord Website lease in 2007.  I envision Digitlords to eventually be the owner or intermediary for all digital assets.

Commercial real estate brokers seem blind to the opportunity. The digital economy will eventually redefine the real estate industry. Sample Digitlord Agreement:

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