Web3 and the Democratization of Ownership

Web3 represents a shift towards a more democratic and equitable system of ownership. In Web 2, data was written to private databases owned by companies like Facebook and Google, making users mere products. However, Web3 introduces blockchain technology, which allows data to be written to a public infrastructure owned by the community. This means that individuals can now have ownership and control over their digital assets, such as NFTs. By owning these assets on the blockchain, individuals become stakeholders and can benefit from the value they contribute to the network. Web3 aims to create a more equitable framework where everyone can make a reasonable income without exploiting others.