There are so many fiascoes in Web3 — the stupefying realm of cryptocurrency, non-fungible tokens and blockchain — that you could compile a blog and Twitter account made up entirely of Web3 fails. And molly0xFFF has done just that.
Digital currency, the encrypted computer code it is built on, and unique digital media known as NFTs have had a rough time of late, as you may have heard. Bitcoin, the most widely used cryptocurrency, is worth a third of what it was valued at in October 2021. Some experts believe 90% of NFT collectibles will be wiped out by the current downturn. And the industry is shedding jobs in what is a leading edge of tech layoffs.
White, a Massachusetts software engineer, says there is no shortage of items. “Every day there are a couple of things I could add to the site,” White says. “And I get a lot of tips.” The blog has an interesting origin story. White is an avid volunteer editor of Wikipedia, and in November she created the Wikipedia entry for Web3. Working on that page sparked her interest in chronicling the ongoing tumult of the crypto world.
It is challenging to determine whether the video is satire, White says. “I spent hours trying to determine if it was parody. It would have been the best parody of crypto that anyone could dream of making.” But, her research suggests, “It was actually quite authentic.”
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