As the digital landscape shifts from Web 2.0 to decentralized Web 3.0, some key benefits are starting to show. While the new system is still a work in progress, it is worth exploring what it could offer creators.
Anyone interested in creating content, from influencers to seasoned business owners, can look forward to a fairer and more efficient internet. Here are the main reasons why innovation stands to thrive with Web 3.0.
1. Greater Creative Freedom
What does a decentralized network mean? Basically, individuals or groups lose their monopoly of the internet—its data and processing power. Control is instead distributed to multiple entities.
Looking at the differences between Web 2.0 and Web 3.0, you’ll find that this structure already exists in the form of cryptocurrency and blockchain technology. So, it’s nothing new.
What is mind-blowing is the creative freedom that such a network promises, especially on a much bigger scale. Creators will be able to make and manage their own content without having to depend on the software and hardware of others.
Also, consider how much the world loves the range of content already available. And it’s easier than ever to establish yourself as a creator. Web 3.0 is sure to take inspiration and opportunities to the next level.
2. Creative Efficiency
Thanks to technologies making Web 3.0 a reality—like the social and semantic web, cloud and edge computing, blockchain technology, and AI-based innovation—this new system will optimize your life and workflow.
As a creator, your Web 3.0 experience should involve super-efficient data and project management, as well as smooth navigation of the network.
You’ll have complete control over your content’s development and distribution. Building a customer base and partnerships should be just as straightforward, not to mention rewarding.
Additionally, Web 3.0 changes internet privacy. Its decentralized structure means extra transparency and cybersecurity, especially without the inherent risks of data centers collecting people’s information.
3. Decentralized Networking
It’s not just your projects that Web 3.0 will streamline, but your social network, too. Mediums like Twitter, YouTube, and Twitch should grow in power, bringing to the table more ways to share content.
Another trend that should fit right into a decentralized digital landscape is the rise in services focused on helping creators and their goals, from developing algorithms to organizing finances.
For instance, when it comes to connectivity, Community exists solely to improve the relationships between brands and their audiences. And it’s far from the only platform backing the creator economy.
Then, you have big companies like Nvidia, Microsoft, and Meta (formerly Facebook) pushing to establish the metaverse with billion-dollar investments, which creators are happy to embrace.
Fortunly’s metaverse statistics show that Nvidia’s Omniverse has already marked 50,000 downloads, while Fortnite managed to gather 10.7 million players for virtual concerts.
Global connectivity is one aspect of the internet that will skyrocket with Web 3.0.
4. Decentralized Finances
A network that isn't dominated by banks or conventional currency gives creators more control over their finances. Web 3.0 intends to build on that idea.
Cryptocurrency will play a significant part as it continues to evolve and cover the needs of consumers and businesses alike. At the same time, one platform after another—Instagram, TikTok, Medium—adds to the pool of monetization schemes for creators.
The NFT market value has already exceeded $1 billion after selling 1.9 million artworks, with the most expensive piece costing $69 million. Social tokens are also becoming more popular, which users can exchange for a range of services, like discounts, event access, and even revenue shares.
Better yet, Web 3.0 is an opportunity for new and exciting financial concepts to advance. As another startup working to improve the creator economy, DEIP authored Collective Intelligence Lab’s report and unearthed interesting facts.
A lot of money is going into decentralized finance (DeFi) protocols in general, with their capital amounting to $148 billion in October 2021. All these factors promise a more democratic system that gives creators the freedom and means to manage their finances quickly, creatively, and anonymously.
Learn More About How to Use Web 3.0
Web 3.0 may not turn out exactly as expected, but its developers are clearly making progress, as you can see. Creators are already reaping the benefits of an increasingly decentralized digital landscape and looking forward to more open doors.
That’s why getting to know Web 3.0’s components is a good idea. Dive into blockchain governance, NFTs, creator economy platforms, and more. Then, you can hit the ground running when the world upgrades from Web 2.0.