Charles Nichols is the Founder in Residence at Celo, an open platform that makes financial tools accessible to anyone with a mobile phone.
Charles previously served as the CTO and Co-Founder at SunCulture, the only SME globally to provide a turnkey solar-powered irrigation solution tailored for the needs of smallholder farmers bundled with the ancillary products and services smallholder farmers need to succeed.
Charles is currently building his second company in the web 3.0 space.
In this video interview, Charles breaks down web 3 into the simplest terms. He also shares insights into some of the opportunities developers can explore while building innovative solutions on the blockchain.
So, what exactly is Web 3.0?
The simplest form of definition is, Web 3 is the 3rd iteration of the internet. The platform is currently under development on the concept of edge computing. It uses the platforms of blockchain, cryptocurrency, NFTs and such technologies. The basic idea around it is to take advantage of all the world’s devices while incorporating “decentralization” as a core principle.