Pharrell Williams: Web3 is ‘Scaring the System’ KingData News: Musician, producer, and fashion designer Pharrell Williams believes that a revolution is coming that will shake up the music industry, the financial system, and even government—and he thinks that blockchain and decentralized Web3 technology are key to it. Williams appeared at VeeCon on Saturday, and during an onstage interview with entrepreneur and event creator Gary Vaynerchuk, the artist—known for the hit songs “Happy,” “Get Lucky” with Daft Punk, and “Drop It Like It’s Hot” with Snoop Dogg—described his introduction to NFTs and how he sees the underlying technology empowering social progress. “When I say I’m late, it’s because I thought about it more than I did anything about it,” Williams explained. “And thoughts are awesome, because thoughts are things, right? But it doesn't really matter until you do something about it.” More recently, the 13-time Grammy Award winner has been exploring the creative potential for NFTs and the broader world of Web3 technology, including how it can disintermediate traditional music labels, entertainment studios, and distribution platforms, and enable more of a connection between artists and fans. Williams said that there’s some downside to the rapid rise of the NFT market, particularly those who might jump in solely to make money without a long-term vision. “You deal with people who are just hanging around, trying to catch a quick buck,” he said. “You guys call them ‘grifters." “Blockchain and Web3—it’s unlocking something that is scaring the system,” he said. “They are working really hard to put laws together to try to legislate around your concept, your idea. You all are the most powerful human beings on this planet. You don't know it yet.” (Decrypt)