Decentralized Society: Finding Web3's Soul

Some claim web3 is about ownership, but it is more appropriate to say that web3 is about wealth. Very little in the web3 advocacy space addresses how it will match Web 1.0 and 2.0’s successes in terms of discoverability and sharing. It offers little by way of guarantee that it will protect its users' digital rights, in some cases making them much w... See more

If Web3 platforms want to fully replace existing social apps, they’ll need to power discovery - helping users find content (and therefore creators). But this implies the existence of a centralized authority that designs the mechanism by which discovery occurs. Does this conflict with the decentralized culture of Web3?

On the simplest level, web3 can allow us to “bring our whole selves” to platforms without fear of scrutiny or judgment by aggregating our online data and sharing the parts we find relevant to receive better recommendations and find better opportunities. Web3 enables us to traverse all these spaces and carry this identity—in the form of an address w... See more

This interpretation stands in contrast to the claims that web3 advocates make. They claim that web2 is a centralized mess dominated by technology megacorporations and web3 is now about content ownership. In order to achieve these goals, they must create an entirely new operating model for the web, one built on the blockchain. Blockchain is in effec... See more

While the blockchain offers promise in addressing some of the challenges present in Web 2.0, the blockchain alone does not comprise the entirety of the web3 experience. In fact, the complexity of working on the blockchain means that the barrier for entering this space is somewhat higher, and as a result there are few companies building the required... See more

Web3 provides a new paradigm for managing and enabling transactions. In the management of markets, the single biggest shift enabled by Web3 is the unbundling of market infrastructure from market governance.