How to make money from what comes. Web 3.0

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Don’t you wish you could go back in time and be one of the first to invest in the Internet? You would commit murder.

Well, you can’t go back and invest in Web 1.0; it was just static web pages for reading only.

And you can’t go back and invest in Web 2.0; this is what we have today, creating content and interacting with each other on sites like Facebook.

But what about Web 3.0? This is the latest version of the internet still on the drawing board, built on blockchain technology.

Don’t know what I’m talking about? Then you are in the right place.

Because today we are talking about Web 3.0. what it is, how it works, and most importantly, how you can make money from it.

As always, host Stacey Johnson is joined by financial reporter Miranda Markwith. Listened to and occasionally contributed by producer Aaron Freeman. Today’s special guest is Robert Farrington, Web3 expert and founder of digital asset education site Cult of Money.

Remember, while we sometimes talk about specific contributions to this show, don’t take them as recommendations because they’re not. Before you invest in anything or make any money moves, do your research and make your own decisions.

You can watch this episode below, or if you prefer to listen, you can do so via the player at the top of this article or download the episode wherever you get your podcasts.

Don’t forget to check out our podcast page for more episodes designed to help you get the most out of your money, and our YouTube page for more videos.

What is Web3?

Understanding Web3, also known as Web 3.0, can help you decide if it makes sense to invest in it. Web3 covers the next evolution of the web, including concepts such as the metaverse, virtual reality, and augmented reality. Robert provides an excellent definition of how blockchain works and how this structure can be used in the next iteration of the Internet.

How to invest in Web3

If you want to invest in Web3, there are several ways to do it. We talk about five different ways to invest in Web3: cryptocurrencies, non-fungible tokens (NFTs), play-to-earn crypto games, Web3 stocks, and even exchange-traded funds (ETFs).

There are a few things to keep in mind when investing in these assets.

  • Don’t risk more than you can afford to lose.
  • Some of these investments are considered above-average risks.
  • We don’t know if or when Web3 will actually be a thing.
  • Beware of scams.
  • Look at use case, delivery and development.

Meet this week’s guest, Robert Farrington, MBA

Robert Farrington
Robert Farrington / Money Talks News

Robert Farrington is the founder of The College Investor. He is one of America’s leading experts on student loan debt and regularly speaks on everything from paying for college to navigating student loan repayment.

He is also the editor-in-chief of Cult of Money, a website devoted to personal finance for the crypto-curious.

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About the hosts

Stacey Johnson founded Money Talks News in 1991. He is a CPA and also holds licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.

Miranda Markwith, MBA, is a financial expert, writer and speaker. He has been covering personal finance and investing topics for nearly 20 years. When not writing and podcasting, she enjoys traveling, reading, and the outdoors.

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