According to experts, Web3.0 highlighted the value of the community in every aspect.
Let’s examine the development of the web. The major goal of the World Wide Web and the Internet, it seemed to me, was to focus on the community rather than have everyone converging at a few central locations. While the first web broke down the fundamental barriers to communication, it did not do the same for the movement of knowledge. Given that communication and knowledge were no longer limited to a single region of the world, this was a significant victory for the community.
Web 2.0, the second iteration of the internet, has made significant advancements in diversifying the ways in which information is produced and consumed. This revolution was sparked by the emergence of websites like Facebook, Blogger, and YouTube. We must acknowledge the increase in Internet speeds as well as the development of technology, particularly mobile hardware, throughout this period. Even the average individual could now effortlessly record, edit, and post high-quality videos to websites like YouTube.
Again, the neighborhood witnessed something never before seen. The neighborhood changed from being an informed consumer to an information producer. As a result, independent creators developed a strong and dynamic brand, confident in their ability to communicate with even the most remote members of society using just Internet access. The drawback of Web 2.0 was that the commercial components remained centralized.
For your benefit, allow me to elaborate. Everyone would be able to express their creativity, and by presenting these works, the centralized platforms would increase user engagement. The creator, however, only received a small percentage of the money that the central platform generated from engagement-based advertising earnings.
We also need to keep in mind that, in most cases, the consent to use personal data for advertising purposes has been passive and quite implicit. These centralized platforms took advantage of the consumers’ gullibility to persuade them to agree to the terms that would allow them to share their priceless personal data with third parties for advertising purposes.
It’s time to seriously consider granting the community full authority over business interests and data privacy.
Creating a forum for the community to be heard is the first step in delivering advice to the community. There have always been forums, but their sole purpose was to allow the neighborhood to engage with one another. The community’s ideas were mostly disregarded.
Web3 has underlined the value of the community in every way imaginable with the highest power and firmness. Decentralized autonomous organizations, or DAOs, are organizations and games where the community now has total control over how they will develop in the future. Thanks to channels like Discord, where the organization actively monitors community input and participates in interactive sessions sometimes so they can grasp the pulse of the community, the community has a voice even on semi-centralized platforms.
