Web3 Is Going Nice was created by Molly White, a Wikipedia editor, and launched in December of 2021. The location tracks examples of failures and large financial losses, grifts, and related scandals with Web3 courting again to February 2021. White states within the web page’s “About” part that it’s supposed “to trace some examples of how web3 is not really going in addition to its proponents may such as you to imagine.” She additionally makes clear that the location displays her personal opinions about Web3, that she owns no cryptocurrency, and doesn’t make cash off the location.
In February of 2022, White was interviewed by The Verge in regards to the undertaking. The Verge reported the location then had 225,000 guests to this point.