In July 2021, Square CEO Jack Dorsey announced the creation of a crypto and decentralized finance business arm named TBD, which is “focused on building an open developer platform with the sole goal of making it easy to create non-custodial, permissionless, and decentralized financial services.”

TBD released this presentation detailing their vision for Web5: an extra decentralized web platform. Dorsey also took a shot at Web3, tweeting “RIP web3 VCs.” The document made waves online immediately, attracting responses from the likes of Marc Andreesen and Snoop Dogg.
See the full TBD pitch deck for Web5 below:
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