Web3 has to reframe around participation in terms of technology, design, style and talent to attain a decentralized internet.
Web3 is hailed as a technology paradigm that's burning by the creator economy and is within the future, or rather, subsequent evolution of the net. As we have a tendency to draw evolutionary comparisons of the technology that underpinned everything from information consumption to content creation, Web2 contributed an unparalleled economic growth and diagrammatical a big era in human evolution with new ways that to figure, shopper info and progress in human civilization. thus with this huge success of Web2, why is there a desire for Web3?
As we have a tendency to rethink the net, that depends totally on many centralized entities that have devices, channels of data that feeds the social media, mobile apps and provides property points between service suppliers and seekers of those services, the management over these channels provides the custodian of this infrastructure not solely noncompetitive management however additionally a “too big to fail” economic choke purpose. therefore rethinking the net, that was designed primarily to move data and morphed into moving price and truth, may be a basic shift in empowering creators and participants and not simply the custodians on the infrastructure.
The drivers that burning this troubled thinking were excessive valuation and management of Web2 firms, censorship enforcement social management by the present control of data channels and therefore the speedy dissemination of data, that was a force permanently as in information transfer however is currently weaponized with the rate and truthfulness of data and therefore the dissemination of bias, mistrust and information — creating it difficult to pick out between signal and noise. These drivers indicate not solely the dawn of a replacement era however additionally the inventive nature of the human species to rethink, plan and renew, shaping the next era of our evolution.
( Nitin Gaur, Cointelegraph, 2022 )