# Web3 Web3 is a term that encompasses using #crypto technologies to create new versions of Web technology. By being a currency, participants in those systems are rewarded instead of the inventors of the systems (e.g., a Twitter where your popular tweets earn you money). Examples: - SOLID - The Apes - IPFS - NFTs - Seed Club - Fund DAOs - PoolTogether (https://pooltogether.com/) - Nouns.wtf (https://nouns.wtf) ## Workshop with Orbit ### Web 2.0 - Read & Write - Convenient - Centralized - Closed - Private - Siloed ![[2021-10-17-web-1-2-3.png]] ### Characteristics - Decentralized - Walk away from intermediaries - Digital Money - Self-Sovereign Identity - Free flow of value - Free flow of information ### Key components ![[2021-10-17-web-3-components.png]] - dApps - Apps that run on blockchain networks - https://www.gemini.com/cryptopedia/decentralized-applications-defi-dapps - Self-Sovereign Identity (SSI) - Users use their own identity + data - https://blog.goodaudience.com/how-blockchain-could-become-the-onramp-towards-self-sovereign-identity-dd234a0ea2a3?gi=5f5733606419 - W3C standard - DID - Crypto - Digital Currency - https://cointelegraph.com/blockchain-for-beginners/what-is-a-cryptocurrency-a-beginners-guide-to-digital-money - Blockchain - A record-keeping tool - https://medium.com/swlh/a-simple-guide-to-blockchain-technology-4589971e6d03 ### Artsy realm "Artsy" Realm of Web 3.0 - New ways to coordinate and - DAOs - Decentralized Autonomous Organization (DAO) - Group organized around a mission that coordinates through a shared set of rules enforced on a blockchain - https://linda.mirror.xyz/Vh8K4leCGEO06_qSGx-vS5lvgUqhqkCz9ut81WwCP2o - The Metaverse - Concept of an online, 3D, virtual space connecting users in all aspects of their lives - Would connect multiple platforms, similar to the Internet, containing different websites accessible through a single browser - Binance Academy - https://academy.binance.com/en/articles/what-is-the-metaverse?ref=AZTKZ9XS&utm_source=BinanceTwitter&utm_medium=GlobalSocial&utm_campaign=GlobalSocial - The New creator economy - Shared ownership - Community-oriented (but dangers around this!) - Wealth & success are democratized - https://dev.to/dabit3/the-new-creator-economy-daos-community-ownership-and-cryptoeconomics-lnl - https://hbr.org/2020/12/the-creator-economy-needs-a-middle-class ![[daos nfts metaverse.png]] ### Future of community ![[web3 future of community.png]] - Mutual concern - Shared core value(s) and purpose - Shared experiences reflecting shared value(s) and purpose - Belonging - Incentives to contribute DAOs may be getting all the attention due to their obvious next-gen community governance and native web 3 protocols, but DAOs still fall under the parent category of community. Tokenization by way of old school community values is the bigger deal right now. DAOs offer tokenization natively, but it’s a major structural shift for the community to become a DOA. Tokenization as an ala-carte, however, can have immediate material impact on a virtual community, whether it’s based in web 2 or web 3. (edited) ![[dao landscape.png]] ### References - Intro to Web 3: https://www.freecodecamp.org/news/what-is-web3/ - Web 3 foundation: https://medium.com/web3foundation - Workshop with Orbit - https://lu.ma/web3 - Recording: https://app.butter.us/recording/3e3dc1a3-bc3c-436d-be99-bf9e6b542449 - Miro board: https://miro.com/app/board/o9J_lq3PGEc=/