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My first thought at seeing "Web5" is the callback to WinAmp5: Winamp2 + Winamp3 = WinAmp5. Is Jack saying he has Web2 + Web3 here?
I think exactly that.

Also, it must be nice to be able to determine that Web5 will replace Web3 all by yourself! I really admire the verve and moxie that takes! And then it happens! Everything's on the blockchain! Microsoft can integrate a ham sandwich into the blockchain, fulfilling an ancient Ballmer Prophecy.

Poor Web 4, always the bridesmaid never the bride