Web3 Era of Social Media Will help Everybody Get Paid

web 3.0 features

web 3.0 features


Web3 is still taking shape, so it is hard to define.

At TechCrunch Disrupt, Houseparty founder Ben Rubin emphasized decentralization as Web3’s central feature. In today’s Web 2.0, individuals give money and personal data to network operators in exchange for access to information.

“In Web3 there is a possibility — not saying that it’s going to actually 100% gonna happen — but there is a possibility where the network owns the network,”

Ben Rubin

“And that’s, I think, the simplest way, the shortest way I can explain it.”

Ben Rubin

In conversation with reporter Taylor Hatmaker, Rubin said NFTs show that individuals can benefit from Web3 adoption, while decentralized finance and cryptocurrency trading is more commercialized forms.

“It’s not going to be perfect, but it’s going to be a better incentive alignment than we have right now. And that will create competition on incentive alignments with their users,” 

Content creators (arguably either a special echelon of influencers or anyone who posts online) are slowly siphoning off some of the power that social media companies have wielded for years.

Meanwhile, decentralization is sweeping worlds like finance and art, threatening existing orders and pointing toward a future defined by alternative currencies and digital collectibles. Those trends are bound to converge sooner rather than later, and in some corners of the social internet, it’s already beginning to show.

FULL STORY


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