The Fairness and Transparency of Web3

02/16/2023 07:51 • Tech Trends • 89 views

According to reports, Evan Cheng, co-founder of Mysten Labs, said that investors may view Web3 from the perspective of financial opportunities and income, but this ignores one key point, namely, to try to build a more fair and transparent infrastructure, so that content creators are at the forefront. In Web2.0, content creators upload their works to the central server, while Web3 is different. It allows users to interact point-to-point and adds a new layer of ownership for activities on the Internet.

Mysten Labs: Web3 is not only about money, but also about equality and transparency

Analysis based on this information:

Web3 is an upgraded version of the internet that focuses on creating a more fair and transparent infrastructure for content creators. According to Evan Cheng, co-founder of Mysten Labs, investors may see Web3 from the perspective of financial opportunities and income, but they overlook the primary objective of Web3 – to create an internet where content creators are at the forefront. Unlike Web2.0, where content creators upload their works on a central server, Web3 allows users to interact with each other point-to-point and adds a new layer of ownership for activities on the internet.

The primary objective of Web3 is to enable content creators to hold ownership of their work and control over their data, rather than the centralized servers of Web2.0. Through Web3, creators reclaim ownership of their intellectual property and have greater control over how, where, and when their data is used. The increased ownership and control over content and data, provided through Web3, lead to a more transparent and fair infrastructure, where creators can receive rightful compensation for their work.

Web3 also aims to enable peer-to-peer interactions where users can directly sell their services, without the need for intermediaries. This democratizes the internet, removing the possibility of discrimination and monopolies, creating an even playing field for everyone. In addition, Web3 enhances privacy by giving the users more power over their data and creating secure data sharing systems, making it more secure than Web2.0.

Investors have a significant role to play in the success of Web3, yet they need to recognize that their investments must align with Web3’s goals. Financial opportunities are an integral part of any investment, however, investors should keep in mind the objective of creating a more transparent and fair infrastructure for content creators.

In conclusion, Web3 is a new version of the internet that gives the power of ownership and control back to content creators. A more transparent internet infrastructure, built on principles of decentralization and peer-to-peer interaction, will lead to a fairer, more inclusive internet, and ensure creators receive fair compensation for their intellectual property. The ultimate goal of Web3 is not just financial, but to empower creators and create a more efficient and reliable internet infrastructure.

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The Fairness and Transparency of Web3

Mysten Labs: Web3 is not only about money, but also about equality and transparency

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