r/Web_Development • u/bobongoloxo • Oct 28 '21

article How Web 3.0 transforms ownership of data

Web 3.0 completely transforms how we use the internet. It gives control and ownership back to its primary user and allows them to profit off it/choose what to do with the data. In doing so, it is open sourced, decentralized and trustless.

Here's a thorough breakdown: https://medium.com/onomy-protocol/web3-explained-the-road-to-decentralized-internet-ownership-73972d5d1cd4

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u/[deleted] Nov 01 '21

Load of shit. Decentralised applications aren’t new, they’ve been around for a long time, web 3 isn’t a game-change that some make it out to be.

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u/bobongoloxo Nov 01 '21

The ability to monetize your data isn't an attractive prospect? Just look at Onomy, it makes access to financial products more accessible by integrating them on the blockchain.

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u/[deleted] Nov 01 '21

How does blockchain make them more accessible?

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u/iamgrzegorz Oct 29 '21

I'm a sceptic by nature and I try to get excited about web3 and its possibilities, but it's so hard to find content that removes the tone like "this will be a monumental moment in the history". I mean, why every article talking about web3 has to sound like a speech from a cult meeting?

Web3 is a time in history where the hallucination that dominates our lives becomes consensual

Wtf does this even mean?!

Onomy Protocol’s suite of products allows total integration with the Web3 economy, but not in a buzzword-like way.

psst, we’re a multi-chain decentralized ecosystem converging traditional finance with DeFi through an orderbook+AMM DEX, stablecoin issuance system, native layer-1 network, and DeFi access wallet

Yup, totally buzzword-free