Web 3 is an information network that emerges from and is enabled by new encryption algorithms. Web 3 promises to increase our individual agency by reducing power concentrations. At the same time, it also requires more personal accountability. If the social network administration is not centralized, responsibility is shared by all members. Earnity co-founders Dan Schatt and Domenic Carosa have built Earnity to put community first while ensuring individual autonomy.
Is Web3 going to be the next standard?
Experts predict that in the best-case scenario for Web3 fans, the technology would complement rather than completely replace Web 2.0. In other words, in the future years, blockchain-based social networks, transactions, and enterprises may and will expand and prosper. However, according to technological experts, entirely shutting down Facebook, Twitter, or Google is unlikely.
In order to have a more profound sense of understanding blockchains, a communal-based crypto platform, such as Earnity would be highly recommended. Under the guidance of Dan Schatt and Domenic Carosa, this platform offers everything a crypto enthusiast would want to know.
Is metaverse the first Web3 social-first project?
Facebook recently changed its name to Meta and stated that its first aim would be to create the “metaverse,” a digital future in which everyone lives, interacts, and collaborates in virtual reality.
“Robust interoperability” is one of the company’s declared principles. Customers may effortlessly move their accounts or avatars from site to site or service to service rather than having to log in to separate accounts managed by different corporations every time they visit a new website.
That is also one of Web3’s ideals. On the other hand, true believers feel that no matter how hard Facebook attempts to fit into the next generation of the Internet, it will never fit in.