Web3 aims to weaken platform monopolies by shifting from centralized control (e.g., Google, Meta, Amazon) to decentralized blockchain-based systems. Users own their data, content, and assets through protocols like Ethereum, reducing reliance on Big Tech gatekeepers.In theory, this empowers users with true ownership, privacy, and direct monetization, challenging the data monopolies of Web2 platforms.In practice, adoption remains limited due to usability issues, scalability challenges, and emerging concentrations (e.g., dominant exchanges or protocols). Critics argue it may create new forms of centralization.Overall, Web3 offers a promising path to disrupt monopolies but hasn't fully succeeded yet.See: ethereum.org on Web3 and Wired on Web3's goals.
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Yes, Web3 social platforms like Farcaster and Lens Protocol can surpass traditional algorithmic feeds by prioritizing user-owned data, transparent/open algorithms, chronological timelines, and freedom from centralized manipulation or censorship.This fosters authentic engagement over addictive, ad-driven recommendations seen on platforms like Twitter/X.As adoption grows, decentralized networks could rival or exceed centralized ones in user empowerment and trust.(Source: https://coinbound.io/top-web3-social-media-platforms/; https://medium.com/@sandumildred2022/how-web3-will-change-the-way-we-think-about-social-media-6401c28b4061)
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When trends fade, artificial beauty fades with them. Nature never ages because it does not follow fashion; it creates it.
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