Ask Leo, What is web3 and how effective is it to social media?
Web3 seems to the hope of most user's this day's and honestly lot of things as been said about the level of structure that will come with this and even lot of content as been writing by some esteem authors in the community about web3. The word "Web3" was made up by a Man named Garvin Wood and some group of blockchain experts to provide an internet where content creators own their own data and have maximum access to thier content too
Base on my research and little understanding about this ,I sincerely expect the web3 to be of more open internet where user's and builders will definitely have a say on how a platform is built and how data are being used too, this will enable user's to stake their tokens and such platform are decentralised instead of being owned by and individual or organisation
Web3 to me will definitely come as a solution to lot of things when it comes to how blockchain is been operated and managed, there are major areas that it will honestly have some positive effect on ,web3 on it own will definitely revolutionize data , governance and finance of the internet.
Looking at the Data part of web3, this is another level of progress as it will make logging into social media account a very easy one that comes with lot of ways to monitor user's activities, which includes tracking of IP address and lot of other activities happening on such user's social media, to me I sincerely see web3 as a means of putting an end to hacking of account and lot more
Honestly with the look of things and the way data and information are been managed by some platform,with web3 every individual will have the access to manage their information's and data on their own and also choose what they wishes to share on the web too.
Unlike web2 where decision making and other laws are being taken by the leadership of the platform and being govern by the law of the country from which the platform was formed, web3 will honestly put an end to such structure,in which every single user's in web3 becomes a stake holders and also have the right to contribute and suggest how things should be run and handle too
Their is more to web3 than what most individuals thought as it comes with lot of value and wealth distribution also, this will indeed enable users to earn from value -creating, this is another perfect means to enable user's and content creators to earn from ideas shared on social media
Irrespective of other people's opinion I sincerely see web3 as the most important thing right now as it will bring power to be decentralised and also brings about collective ownership of platform where every user has right to make decisions and control activities
Bottom line
Web3 posses the ability to change how wealth is being created,how will use data, also to me it is more reliable,fast and authentic also,this will also bring more efficiency to the use of social media
What your view about Web3 and how well do you think it will change the internet structure?
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