Unbalanced Creator Economics and Poor Security, Centralized Control and Disgusting Communities – Web 2.0 deficiencies have been fully addressed in the last two months.
First, former Facebook product manager Francis Hawgen told Congress last month that the social media giant “prefers profit rather than security.” Then, as a hint, Facebook-centric services fell around the world. Termination was widespread as far as Facebook He could not even find the servants himself.
Then the offended anonymous hacker a Large internal data collection The popular streaming service from Amazon is owned by Twitch. Along with the source code and payment information for top creators, the hacker has warned the community of “improvements in online video streaming and creating competition” by calling the community a “disgusting toxic pool.”
Despite the growth, accessibility and profitability of these forums, it has never been clear that the old watchdog has misled many things. The centralized version of Web 2.0, about network results, huge scales and winner-winners-all-economics, is no longer working for the community.
Now is the time for change. As web 3.0 entrepreneurs are building open infrastructure that encourages more collaboration, innovation and user-centered Internet, we have to address the underlying shortcomings of the next generation of technology.
Here is how Web 3.0 solves some of the most pressing problems in today’s digital economy.
Poor security and data controls
He continues to be caught up in jokes like Twitch. This oneThe background has been replaced by Amazon co-founder billionaire Jeff Bezos. Clearly, these safety issues were as common as previous employees Reported Poor security practices on the stream giant.
We all know that any information we share with a centralized body is at risk. Personal data from banks, retailers and social media shows that you should not expect anything to be kept private on the Internet for years.
Web 3.0 is built on cryptographic primers and often displays open source code, so anyone can contribute to the project by reviewing the code. This increases user safety and transforms transparency into competitive advantage. The benefits are not simply a matter of privacy but of consumer value. Security researcher @samczsun It identifies potential exploits by saving billions of dollars in costly protocols such as 0x, Livepeer, Kyber, Nexus Mutual, Aragon, Curve and others.
Compatible Standards ERC-721-based NFTs can be traded and viewed on multiple front-end applications, and ERC-20 tokens can access the overall ecology of financial products competing for attention and value. This agency increases the role of forums, which can trigger user harassment after security breaches.
Toxicity and stage liability
Twitch hackers, despite their illegal and immoral conduct, were right on one side: streaming platforms are increasingly toxic, and large technology companies have struggled to respond to the enormity of the problem. However, in the world of Web 2.0, streams have no viable options. You could move to YouTube or Facebook Live, but they traded one toxic, attention-grabbing platform.
These facts live in an environment where the creators are more powerful than ever. Fans will follow their favorite creators on the platform of their choice, which will be of great benefit to them. In order to escape the poison, creators need Web 3.0 tools to get out of the garden gardens and control their destiny through direct contact with their community.
Web 3.0 balances power dynamics between users and platforms, allowing users to control their data. Provided with flexibility and mobility in data management platforms such as Spruce, Web 3.0 platforms make it easy for users to “vote on foot” and move from one platform to another.
As companies Confusion And Moralis To make it easier on Blockchain and Standard, competitors can take quick action when the opportunity arises. For example, when users know that the NFT trading platform OpenSea can be an internal business based on which NFT is defined, alternative platforms such as Art Appears to fix some. Recognized complaints NFT Market. Such rapid response to market volatility does not exist in the traditional Web 2.0 ecosystem, which is based on size and closed access to suppress new revenue.
However, Web 3.0 goes well with direct user interactions. These forums are user-owned and community-driven, so the incentives are designed to make the community better. In the case of video streaming, no community really wants to invade its members.
In the Web 2.0 world, users have to wait for the forum to take action. You can work with management and moderation techniques developed in the world of Web 3.0. On the Mirror Blog platform, users vote who can write and publish each week. The projects listed on the Web 3.0 index have control over the addition and removal of subsequent projects, which ensures ecological healthy growth.
According to the Facebook informant, Facebook has a two-tier justice system that treats celebrities differently from everyday users. A standard account can be penalized for violating the Terms of Service, but the same behavior with multiple followers may be avoided.
Website 3.0 fixes this, thanks to the unchanging blockchain and greater transparency and censorship. Decisions are made in such an open space. Screenshot And they are led by the wider community. It will be on a chain for everyone to see. There are no back-to-back agreements or two-tier justice systems (unless, of course, there is a vote). It’s all community-led, so participants can easily move on if they don’t agree on the direction or level of clarity.
Unbalanced Creator Economics
Twitch’s crack has made a huge difference between high performance and the day-to-day economics of the creator. These dynamics equate the incentives between the forum and the creators. While few creators spend a lot of money, the forum focuses on the most significant influencers.
Web 3.0 Paradise is about democratizing and eliminating these misconceptions between creators and supporters. Web 3.0 revenue-generating strategies for creators such as NFTs, digital payments, tokens and fundraising will level the playing field in a creator-friendly way. Artists who use platforms Glass.xyz They found that they could easily generate content through NFTs, accompanied by a more engaging live stream than they could easily sell on a Web 2.0 model.
In Web 3.0, users can own platforms, often integrated with tokens. As they directly benefit from the development of the platforms, they are encouraged to provide essential services such as moderation.
Users can also purchase fan tokens by promising their favorite creators and developing a healthy fan community around mutual love. Platforms like Rally, Socio (Made above Chile) And Scroll Give creators the tools to make a name for themselves, their authority, and their creativity. This further fixes motivations as a creator it is. Forum. The creator can define the rules of engagement and what needs to be done to protect a healthy community, from unintentional third-party intervention.
Improving the Internet is good for society.
There is no doubt that much of the social cohesion and economic structure of society is based on infrastructure controlled by a few private companies. The damage is exacerbated when those companies fail to be held accountable and promise to make changes that seem to fall on deaf ears.
But it is less about eliminating Web 2.0 altogether and providing much-needed Internet access to society. Web 2.0 tools themselves have a lot of positive effects, but there are also ups and downs. Web 3.0 provides the Internet to take advantage of the past and improve economics and incentives among all users – and eliminates the negative effects of ad-supported models.
When it comes to culture and control, decentralized services are more important than gatekeepers. Website 3.0 offers a completely new way to nurture the community, advising users on information mobility and functionality and re-advising incentives to support self-regulatory communities.
“It’s not about tearing up Facebook,” Hawgen said. The next step is transparency and management. We all deserve better, and services, platforms, and products that prioritize transparency and community governance will thrive in the next digital economy.