There is a lot of hype around Web 3.0. This is well founded except something major is missing.
In this video I discuss how we are still talking about vaporware. Until we have services, the concept of Web 3.0 will still be theoretical. One cannot expect users to join if there are no services to utilize.
▶️ 3Speak
That's surprising. Web3 is nothing in the digital realm when it comes to building data bases. Thanks for giving concrete examples of services that must be built on Web3. I wonder when was the exact year this Web3 idea started.
I think there is a delicate balance needed for Web3 to succeed. You mentioned news a lot. But that needs a lot of funding for journalists, researchers, and camera crew. If it will be similar to twitter where individuals can share the news, then we need mass adoption. Because there will only be a few people that will see their post in Web3 as compared to FB or Twitter. There is currently also less money in Web3 compared to Web2 for people that post their content. People are blinded when they hear of YT or Twitch deals. Tiktok has made it easier for about everyone to make content and be seen. That is why I'm hoping the bull market can give us more exposure, and hopefully we can keep the regular people that try it out.
Facts, as you mentioned, involves significant costs for journalists, researchers, and camera crews. If Web3 follows a model similar to Twitter, where individuals can share news, then mass adoption becomes crucial to make it sustainable. Balancing the need for quality journalism with the accessibility for individuals to share information is a key consideration in the evolution of Web3.