Is Web3 already obsolete? Jack Dorsey certainly thinks so! He\'s unveiled Web5, a revolutionary decentralized web built entirely on Bitcoin, and declares "Web 3.0 no more!" Forget the complexities of other blockchain technologies; Jack Dorsey’s Bitcoin-focused TBD business unit, a subsidiary of Block Inc, announced Friday that it is building a new decentralized web: Web5.

Web5 is based on the Jack Dorsey announces Bitcoin-based Web 5. The initiative, spearheaded by Dorsey\'s TBD, aims to empower users with greater control over their data and identity. At CoinDesk’s Consensus Festival in Austin, Texas, The Block Head or TBD – the Bitcoin-focused subsidiary of Dorsey’s TBD, the subsidiary of Block Inc. headed by Dorsey today announced plans to build a completely decentralized web that revolves around the Bitcoin protocol. The decision underscores Dorsey\'s long-standing belief in Bitcoin\'s transformative potential beyond just a cryptocurrency.

So, what exactly is Web5? According to Dorsey, it\'s about building a decentralized identity and data storage system, putting users back in control. On Saturday, TBD, the business arm of Jack Dorsey’s NASDAQ listed Block, announced a new platform called Web 5. The idea behind the platform was to build a superior, more private online experience using the foundation of Bitcoin. It promises to be a significant departure from the current Web3 landscape, challenging the narrative around decentralized internet infrastructure. Is this the future? The world is watching to see if Dorsey\'s Bitcoin-centric vision will truly disrupt the web as we know it.