Long Reads

In the Web3 Age, Community-Owned Protocols Will Deliver Value to Users

Web3 promises to herald the next phase of the Internet, in which value will be controlled by the users rather than intermediaries. But achieving this hinges on building decentralization into the design from the ground up. Although the traditional for-profit platform business model offered a great deal of value to users initially, its ultimate net effect was to lock users into platforms in order to extract as much value as possible. The future of trust is directly related to the end of centraliza...