The post Web3 Blurs The Line Between Fan And Partner appeared first on Coinpedia Fintech News
Web 3 is a term that describes a new decentralized web that has arisen from blockchain technology. It emphasizes content ownership, data privacy, and peer-to-peer interactions (among other things). This new type of internet has been credited with increasing transparency, decentralizing power structures, and providing more opportunities for creators to monetize their work without going through third parties or gatekeepers.
But another aspect of Web3 needs to be talked about with greater vigor – the ethos of bringing consumers (users) to the forefront.
Consumers in the existing Web2 model are overlooked when it comes to sharing platform decision-making and revenue. This is a questionable paradigm, more so when you realize that consumers, and the valuable data they provide, are the very reason behind creators and platforms generating revenue.
Web3 platforms intend to radically transform these r
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