Two powerful forces are at play in our world, destined to collide. One force is a menace that preys on us in a negative way. The other force is an unsung hero, equipped to conquer the menace.
These forces directly impact us. Let’s delve into their effects.
If The Service Is Free, Then You Are The Product
There’s a saying in the realm of free online services: “If the service is free, then you are the product.” It’s unsettling but true. Have you ever wondered why these internet wonders are free? Search engines, email, social media – all free. How do these companies make money? They sell your data. They use this data to manipulate and target you, all while making billions.
We’ve become reliant on these services, making it hard to break free. But what can we do about this menace?
Web3 Is The Unlikely Hero
Web3 is a response to the data control exerted by big tech. It offers decentralization and control over your data. Imagine your data as your house – Web3 helps you secure it and even monetize it.
One example is iExec, using Web3 for messaging and privacy. Users can protect their data and charge for access, creating a safer and more rewarding experience.
Another example is the Worker Pass NFT, allowing users to earn rewards by sharing unused computing power securely. Web3 enables decentralization and creates new marketplaces for resources.
What’s Next?
These examples are just the beginning. Web3 platforms are working to safeguard privacy and enable direct monetization. As people realize the potential of Web3 against data abuse, its adoption will grow.