The three traits of Web 3.0 that fix what went wrong with today’s internet
Open code
Transparent economics
Aligned incentives
With Web 3.0, governance is often decentralized via a decentralized autonomous organization, or DAO, or other ingrained community feedback mechanisms. By decentralizing community management away from centralized authorities, there’s a tendency toward self-moderation. Communities built around shared passions enjoy natural moderation and when community members step out of line, the community takes action. And if a community member dislikes something, they can submit proposals for community vote to change the platform’s direction. ...
What’s next for Web 3.0
Web 3.0 builders must recapture this narrative and move beyond “winner takes all” to “community above all.” It won’t be easy. And there’s still a way to go until Web 3.0 generates more creator wealth than the internet ever did.
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After watching Web 2.0’s recent stumbles, it’s clear that we’ll continue to be gifted with impactful examples of just how far we’ve gotten off track — and what we need to do to restore the original vision of the internet as an open place that’s additive and creative for society.
We’re in this for the long haul. It’s on us to evangelize, listen to users and build with a community mindset first and foremost.
See the full story here: https://cointelegraph.com/news/the-three-traits-of-web-3-0-that-fix-what-went-wrong-with-today-s-internet
