We regain control of our own data and personal data. Not a separate account for every website or social medium, but one digital identity. With this you log in to the various sites and platforms and you have control over which data and personal data you want to share. The Web as I envisaged it, we have not seen it yet. The future is still so much bigger than the past. – Tim Berners-Lee To immediately show how this can work, web inventor Berners-Lee set up Inrupt for this. This works with personal ‘data pods’, personal vaults with data. A website can then always request access to your data vault, in exchange for certain services.

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But they cannot extract or resell this data. Also read: How cryptocurrency is quietly reshaping the internet Several major websites such as Reddit are already using web3. Users can earn crypto tokens by posting on a web3 section. The number of Kuwait Phone Number can also rise or fall, due to the number of up- and downvotes. Twitter is working on project Bluesky , which is to become the web3 version of the social media platform. Founder Jack Dorsey recently tweeted that he doesn’t believe this will democratize the internet. You don’t own web3.

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The VCs and their LPs do. It will never escape their incentives. It’s ultimately a centralized entity with a different label. Know what you’re getting into… — jack?? (@jack) December 21, 2021 The key to the Metaverse? Web3 could also become the key to the real Metaverse, bringing together all of the aforementioned functionalities in one virtual environment where things ranging from social interactions and entertainment to work and shopping come together. As I wrote about this before, this may still sound fairly futuristic to many, but the speed at which web3 and metaverse applications are currently being developed and the amount of money invested in them can already make this a reality in the short term.

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