this post was submitted on 14 Jun 2023
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Technology

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In the web3 value chain, the profits don't all go to the assemblage as they do in Web2.0. All the money doesn't go to Facebook and Google here if this vision sees reality. Creators will take home the profits, and those who own scarce digital assets whose value may increase with time, supported by large, decentralized exchanges will take their rightful share of the profits.

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[–] Bright5park@lemmy.world 6 points 1 year ago* (last edited 1 year ago)

...nah.

The Metaverse is just a buzzword, with my favorite example of the new Tamagotchis just slapping it onto their newest line of virtual critter to mean "Yeah, it has basic online functionalities". NFTs can go shove it. It's for money laundering at best, and scam artists enriching themselves with minimal effort at worst. Cryptocurrencies may have a use in theory, but not for the environmental impact they cause. Same with the blockchain.

The future - I personally believe/hope - belongs to free, decentralized online services that anyone can host themselves if they so please and have the skills.

That is what Web 3.0 should be. None of that artificial scarcity bullcrap.