Web3 will co-exist with centralised aggregators like Facebook, Twitter, YouTube et al

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City AM

By Darren Parkin The average time spent online is doubling every decade. On average, younger generations spend far more time online than older generations. Digital tokens are the currency of the metaverse. Digital goods have property rights. Web3 makes them ownable, tradeable, composable, and transportable across platforms, spurring smoothly functioning economies of scale. So while centralised aggregators of Web2 own your data, Web3 bridges developers with users, bypassing the centralised eBays, Facebooks, and Twitters of the world. The decentralised social networks of Web3 guarantee that user…

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