We discussed decentralization and the problems with the current centralized web in the previous part. What are the advantages of a decentralized web, though? To begin with, Web3 platforms give users more ways to monetise their activities and contribute to various platforms.
Something which today's mega-platforms don't truly enable or have the capability to do. One example is the massive data aggregation that Meta, for example, profits on. They collect user data in order to sell tailored adverts, which is a very profitable business strategy. A decentralized Meta alternative, on the other hand, could allow the user to monetize their own data.