The post Web3 doesn’t need flashy — it needs functional appeared on BitcoinEthereumNews.com.

The original vision of Web3 was a digital future that could be built and owned by the many, made possible by the power of blockchain protocols and their unique ability to solve age-old coordination problems.  The early internet was born on similar ideologies to Web3: An open space for the unrestricted flow of ideas and knowledge without physical, social or political barriers.  Today, however, a small handful of corporations dominate. They cast their net widely to harvest the data of end users and developers alike while limiting control and governance to a small, unelected few.  This subversion of the vision of the early internet came about because ideology lost out to convenience and the lure of delightful interfaces. In a world of digital abundance, the power to curate made kings and queens of the new global internet infrastructure dynasties.  While we can understand why people will trade their values for beautiful UX, a flashy exterior can hide an ugly, sclerotic core, similar to Dorian Gray and how “his beauty had been to him but a mask.” And building beautiful interfaces on top of data networks created powerful moats that grew stronger over time, stifling competition and innovation.  While many entrepreneurs believe they could build even better end-user-facing experiences for Facebook, Google, Microsoft, Amazon and many of the other digital giants, today’s Davids don’t stand a chance without the ability to tap into their global data and back-ends. But in the world of decentralized infrastructure — also known as the least flashy corner of crypto — we have the chance to “arm the rebels” and put the needed tools into the hands of the entrepreneurs best placed to create a healthier open internet.  The answer is emerging within OG infra protocols. We can use blockchain as a single source of truth…

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Filed under: News - @ June 8, 2024 2:16 pm