Saved by sari
You Are What You Own
Platform wealth and economic sharing: Today, creators & consumers contribute to a platform to gain social or economic status. But this status is rented (status on platform only, revenue shared directly with platform). In Web3 this status is owned. Not only is social reputation portable, but the relationship with IP created on platform can be owned ... See more
Brian Flynn • Reputation in Web3: Ships Built on the Great Flood
sari added
People should be able to own their data and decide if they want to sell it
James Beshara • Below the Line with James Beshara on Apple Podcasts
sari added
If decentralized identity were widely adopted, people would be able to carry their full selves with them as they traverse cyberspace: their affinities and experiences reflected by what they’ve created, contributed to, earned, and owned online, no matter the specific platform. This would bring us closer to how things work in the physical world, wher... See more
Scott Kominers • Decentralized Identity: Your Reputation Travels With You - a16z crypto
sari and added
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
Katie Parrott • A Theory of Justice for Web3
sari added
These digital assets are typically created according to interoperable standards on public blockchains, instead of being privately hosted on a company’s servers. This makes the assets “portable,” in the sense that a user can, in principle, leave any given platform whenever they want by unplugging from that app and moving — along with their data — to... See more
Scott Kominers • Why Build in Web3
Emilie Kormienko added
In web3, the promise is that a user can retain ownership and control over their data. The dominant narrative goes: “The gatekeepers of web2 have taken your data and used it against you! Now it’s time to fight back!” Such argument from web3 enthusiasts is met with A LOT of resistance as data effectively becomes a currency that can be leveraged by a ... See more
Station • On-Chain Meritocracy
sari added
In Web3, instead of platforms having full control of the underlying data, users typically own whatever content they have created (such as posts or videos), as well as digital objects they have purchased.
Scott Kominers • Why Build in Web3
Emilie Kormienko added
When people own their own content, including its data and metadata, they own its distribution as well. They become the new intermediaries.People become the new platforms.
David Phelps • People are the New Platforms
Alex Wittenberg added