The next iteration of the internet requires a bit of magical thinking. Web3 is a technological utopia. It envisages a world of decentralized collaboration that will end the dominance of large corporations by wiping out lucrative data collection and digital advertising markets. Yet building that world would require exactly the kind of investment that only Big Tech can provide. Pressing the reload button on the internet seems tempting after years of disinformation and data hacking. First came t...