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Here's my take (coming from somebody who has been running what may now be called a "metaverse" company for the past 5 years - https://ayvri.com https://ayvri.co
by pedalpete 5y ago
Here's my take (coming from somebody who has been running what may now be called a "metaverse" company for the past 5 years - https://ayvri.com https://ayvri.com).
The most interesting part I find is not the 3D VR element, that's like saying the most compelling part of Web 2 was CSS and HTML5.
It's the distributed nature of data and data ownership.
Where Web2 was all about user created content -> corporate owned content, in web3 you own the content you create.
The benefit of this is that the platform that you use your data on, is just a platform. You can easily move your data to another platform for other purposes.
The example I use to compare to "real world" stuff is your fitness. You pay a monthly membership to go to the gym and stay fit. When you want to go on a ski holiday, you don't have to go to your gym and tell them you want to go on a ski holiday and ask if you can use your fitness at the resort, and they can say "oh, we don't have an agreement with that ski field, or any ski fields, so sorry, your fitness stays with us. But we've been selling your data to a bike tour operator, so they know all about you, and you can go use your fitness with them...but only with the bike tour operators we've partnered with and have a commercial agreement with...if it isn't them, then...sorry, you can't use your fitness.
In a Web3 world, your data lives in your wallet, and you should be able to decide who gets access to it and how they use it, and revoke it from those you don't want access to. We're looking at adding this capability to Ayvri. We did an integration with Strava, but our users want an integration with Garmin, Suunto, every little paragliding device you've never heard of, etc.
A friend that runs a fintech company was describing the process people go through when looking for a mortgage. They go to a banks website, give their details to the bank, see the offers on mortgages, then go to the next bank or lender, and do the same again and again. If your data is in your wallet, you should be able to just go - here's my data, do your thing.
Sure there's also all the stuff about de-platforming, and there are going to be issues with propaganda, scams, etc. But will it be any worse than what we have today?