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Web 3.0 Domains: Innovation Or Illusion?

The term "web3" was first coined in 2014 by Gavin Wood, co-founder of Ethereum, to describe a decentralised online ecosystem based on blockchain technology. Since then, it seems to have become a media catch-all for concepts like crypto, NFTs, and the supposed "next generation of web ownership." Despite dominating headlines, web3, or Web 3.0, has failed to meet the revolutionary expectations once set for transforming the internet. In this third and final installment of his series, John Henkel examines the claims of blockchain supporters to determine if Web3 domains truly offer a viable alternative to traditional domain registration or are simply an illusion that supersedes their purported technology and innovation.

Posted: 01 Dec 2025

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