Gavin Wood coined the term Web3 (originally Web 3.0) in 2014. At the time, he was fresh off of helping develop Ethereum, the cryptocurrency that is second only to Bitcoin in prominence and market size. Today he runs the Web3 Foundation, which supports decentralized technology projects, as well as Parity Technologies, a company focused on building blockchain infrastructure for Web3. Wood, who is based in Switzerland, spoke with me last week over video about where Web 2.0 went wrong, his vision of the future, and why we all need to be less trusting. The following interview is a transcript of our conversation, lightly edited for clarity and length.