Jack Dorsey’s TBD is working on the concept of building its decentralized web standard known as “Web5” on top of Bitcoin. Web5 claims that it will focus on identity rather than tokenized payments. To do so, TBD will build a Decentralized Web Platform (DWP) that will allow developers to create Decentralized Web Apps (DWAs) with Decentralized Identifiers (DIDs) and Decentralized Web Nodes (DWNs).