The cryptocurrency markets have entered into a bear market but that’s a new term and concept for a lot of people.

What does that mean?

A bear market is when a group of stocks or cryptocurrencies declines significantly from a recent high point (high price) for a length of time.

But why are cryptocurrencies and the market crashing down when they were doing so well?

In this episode Sean explores and explains why.

Learn more at: https://www.web3simplified.xyz/

Find articles Sean mentions here: https://www.web3simplified.xyz/shownotes 

On October 28, 2021, Facebook announced it was rebranding its company name to "Meta" which launched the world into a debate about "the metaverse" and exploring what that even means.

This episode of web3 Simplified covers: 

• What the metaverse is and isn't

Referenced links and articles: 

• Punk 6529 and the Open Metaverse (OM): https://www.fxempire.com/news/article/punk6529-takes-nft-art-to-a-new-level-with-om-launch-in-the-metaverse-969711 

Learn more at https://www.web3simplified.xyz/ 

PS - Stick around until the end for a special guest on the podcast

Cryptocurrency made its first big debut into the marketplaces when Bitcoin was created in 2009 and has been growing in popularity with the launch of other blockchains and marketplaces.

In this episode Sean discusses and breaks down:

• What cryptocurrency is

Here are the articles and videos that Sean discusses in this episode:

• “A cryptocurrency is a medium of exchange that is digital, encrypted and decentralized.” - Forbes Article 

Learn more at web3simplified.xyz 

If web3 is powered and uses blockchain technology, then it brings up the question "what is the blockchain?"

In this episode, we compare the blockchain internet with the regular internet, we talk about banks, ledgers, distributed ledgers, and how blockchain works.

Then you get to hear about why blockchain matters and how it relates to our everyday lives.PS - You also get to learn about how the hospital added an extra letter to Sean's son's name on his government documents.

Here's the article from Investopedia that is mentioned. 

Learn more at websimplified.xyz 

What is web3 and why should I care?

Well let me ask you another two questions first: - If you buy a song on iTunes, do you actually own something you can sell?- If you buy a movie to stream and watch on Amazon, do you actually own something you can sell?

In this episode Sean breaks down what web3 is and why it's the talk of the town right now.

Not only that, you'll also get to hear about what web1 and web2 so that you can have a deeper understanding of what web3 is and why it's impacting our world with NFTs, cryptocurrency, and the metaverse.

Learn more at https://www.web3simplified.xyz/

Learn all about NFTs, creating a web3 wallet, and more here: https://www.web3simplified.xyz/nfts-simplified-course 

"My friend is neck deep in jpegs and I want to see what the craze is about." - Maybe this is you

"Web3?! I didn't even know that we were in Web2!" - Or this might be you. 

"NFTs and crypto, those are a scam right?!" - Or this might be you. 

"I've been hearing about this on the news and want to check it out." - Or this also might be you. 

Regardless of the reason, welcome to Web3 Simplified. Technology is a tool and web3 is the latest internet technology for us to advance mankind together. 

With web3 Simplified we are going to learn together about NFTs, cyrptocurrency, blockchain technology and more. There's a whole world of concepts, acronyms, and new words to learn that we get to explore together and as the name of the show suggests - we are going to make it simple.

This episode is the introduction. 

Welcome to Web3 Simplified and thanks for listening.