In the last few blogs, we have shared some examples about how individuals and communities need to cut through the noise of Web 2 and highlight the right long-term reasons to build on Web 3
In this blog, we will list all the good reasons why Web 3 is the future that will be used by Builders of tomorrow!
The first reason being Web 3 harnesses the knowledge and creativity of the community.
For example, DAOs are where online communities provide superior coordination methods and control over internet-native financial resources. Thousands of DAOs already exist across a broad range of categories including financial services, investing, content creation, gaming and creator economy and have picked up immense popularity after the onset of Web 3.
Another important reason is the economics behind Web 3 which removes layers of intermediaries and dramatically reduces take rates (fees charged by intermediaries).
For example, Social networks like Instagram and Twitter will never share any revenue with the creators who made them popular. However, In web 3, creators can go directly to their audiences by selling things like NFTs and easily earning 90% or more of the revenue they generate.
Web 3 helps you find your Product Market Fit and Market your project much easier as it helps projects to offer token incentives to users in the early phase when the native network effects are weak. This solves the bootstrapping problem that has killed a lot of innovative ideas.
Additionally, Web 3 takes a different approach by letting users and builders participate in the growth of networks as genuine owners. The value is distributed uniformly across the edges and goes to the people who build the network.
The third and most important reason is the Open Source ecosystem it provides to developers. Once the tech and the developer ecosystem know and can count on credible neutrality (Can't be evil> Don't be evil), as compared to Web 2 startups. This by default leads to a new wave of widespread, permissionless innovation.
Last but not least is Web 3 ethics. The internet has become increasingly dominated by a handful of incumbent tech companies since 2000.
Web 3 takes us back to the internet’s original vision of a decentralized network governed by open protocols, where power and money flow uniformly across instead of being passed on to the centralized intermediaries.
If you think the same as we do, that Web 3 is the future, then become an early member of the Web 3 community that we are building at Archethic Public Blockchain!
Archethic Public Blockchain
Archethic is a Layer 1 aiming to create a new Decentralized Internet.
Its blockchain infrastructure is the most scalable, secure & energy-efficient solution on the market thanks to the implementation of a new consensus: "ARCH".
Archethic smart contracts expand developers' boundaries by introducing internal oracle, time-triggers, editable content & interpreted language.
Through native integration for DeFi, NFTs & decentralized identity; Archethic offers an inclusive and interoperable ecosystem for all blockchains.
In order to achieve the long-term vision of an autonomous network in the hands of the world population, we developed a biometric device respecting personal data privacy (GDPR compliant).
Making the blockchain world accessible with the tip of a finger. Be the only key! https://www.archethic.net/
Archethic Foundation Non-profit in order to manage decentralized governance of the public blockchain