On-Chain Meritocracy

Users don’t simply control their data on web3 platforms—their tokens, their contributions, their social records—but will increasingly have ways to leverage that data as on-chain credentials for joining emergent communities, testing their predictions, and getting jobs. Platforms’ secret opportunity is in incentivizing collection of this data for use... See more

Web2 platforms coerce user loyalty through network effects and closed data, and exiting a platform leaves creators without access to their audiences or content. Web3 affords the opportunity to build systems that foster user agency and self-determination through true digital ownership, open data, and networks that are built atop open-source software... See more

As with the shift from Web1 to Web2, the shift from Web2 to Web3 is largely due to infrastructure advancement, but there will be a mindset shift for builders and developers as governance will be much more user-centered. With the removal of a middleman and data living on immutable infrastructure, there is no control over data thus no censorship and ... See more