What is Web3?

The concept of sharing is flipped, from corporations owning the platform and users being the data to creators owning the platforms and the users owning the data for all the collective and creative efforts.

What is Web3?

What is web3?

Web one and two worlds are different from web3; the corporations like Google, Twitter, Facebook own the platform or application and monopolize the users' data. In exchange, the users who create and publish the content in the form of blogs, podcasts, music, or even tweets barely get a few hearts or likes. The owners of the platform get far wealthier than the creators.

The web3 is so unique, so non-linear, so unexpected, so fast, and revolutionary because for the first time the users' data is going to be open; living in the blockchain or the distributed systems secured with a unique private key.

The concept of sharing is flipped, from corporations owning the platform and users being the data to creators owning the platforms and the users owning the data for all the collective and creative efforts.

More take on Web3, NFT’s & Crypto punks on the Tim Ferris show with Chris Dixon and Naval Ravikant.