What is Web3 and why is it important?
What is Web3 and why is it important?
Why choose Web3
It is no longer science fiction anymore! Web3 have arrived and it is proving more than ever why it is here to stay.
what is the fuss all about on Web3 ?
Web3 is a new way of building online platforms that is different from how most current platforms work. Traditional platforms, like Facebook and Amazon, are built on using data from their users to make money. They do this by using algorithms to show people ads or suggest products they might like to buy. These platforms don't usually share data or make it easy for users to move their data to another platform.
Web3 is different because it gives users more control over their data and digital assets, like posts or videos they have created, or digital objects they have purchased. These assets are stored on public blockchains, which means that users can move them to different platforms if they want to. This means that platforms will have to compete more to keep users, since people can more easily move their data to another platform. This could lead to platforms having to work harder to create value for their users.
Web3 platforms can also connect to other platforms more easily, which means they can offer users a wider range of content and services. For example, a Web3 art gallery could show art that has already been created on the blockchain, rather than requiring users to upload their art directly to the platform. This could make it easier for new platforms to get started and attract users, since they don't need as much initial content to get going.
Web3 also has the potential to create more open and fair online platforms, because it allows for the creation of decentralized organizations that are run by code rather than by traditional hierarchical structures. This could lead to more democratic and transparent decision-making processes and could potentially empower individuals and communities who may have previously been excluded from traditional power structures.
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