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The Encore Entrepreneur



Episode 15: Web 3.0 – What Is It And Why Should You Care?

NOTE: None of what you are going to hear in this show is to be considered legal or financial advice.

In this episode, Carmen Reed-Gilkison and Deirdre Harter speak with JoAnn Holmes, who is an IP and digital assets attorney and a Web 3.0 advisor. While this might sound like something only for millennials, this episode will enlighten you to the fact that this is something important for everyone to become familiar with. They discuss what Web 3.0 is and what you can do now to prepare for it. They also discuss cryptocurrency, decentralized finance, nonfungible tokens (NFTs), decentralized autonomous organizations (DAOs), the metaverse, and blockchains.

Topics Include:

  • Everything you need to know about Web 3.0

  • The difference between Web 1.0, Web 2.0, and Web 3.0

  • Cryptocurrency, decentralized finance, NFTs, DAOs, and the metaverse

  • How women can participate in the Web 3.0 space

  • Being compensated for value

  • Stablecoins

  • Smart contracts

  • Blockchains

  • What you can do right now to prepare for Web3

  • And other topics...

Quotes of Impact

[16:22 – 16:32] “Anytime innovation in technology is occurring, there are going to be people who stay on the sidelines. If we think back to the internet in the early 2000s, people had a lot of trepidation.”

[17:47 – 18:06] “Because this whole industry is still very early, you are able to earn that higher yield because the industry is early. So just like if you had bought Amazon in its earliest days, you would have dealt with a lot of ups and downs, but over the course of time you would have been rewarded for the risks that you take.”

[20:01 – 20:24] “If you are a professional service provider, there is a space for you in Web3 because the industry is still so early and it’s very much in a building phase. There are great opportunities for you to bring your skillset, learn this industry, and have great value that I believe is going to have longevity for your career.”

[24:03 – 24:17] “So what does that look like? That looks like a group of people coming together around a concept and saying, ‘Let’s hear from one another. Let’s make decisions together, let’s build value together, and let’s all participate in the value that we’ve created.’”

[29:20 – 29:36] “In an internet age we have so much information coming at us, we need trusted people to help us curate that. For me, I’m helping my clients curate the law that’s changing and complex to be able to suppo rt their organization’s business objectives.”

Connect with JoAnn Holmes:

JoAnn Holmes’ LinkedIn: https://www.linkedin.com/in/joannholmes/

Website: https://www.holmesatlaw.com/

Twitter: https://twitter.com/HolmesAtLaw

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