Creating self-sovereignty in the creator economy and Web3 — Is there room for both?

On this week’s occurrence of NFT Steez, hosts Alyssa Exposito and Ray Salmond conscionable with Web3 contented writer Julie Plavnik to sermon the value of self-sovereignty portion gathering a integer individuality successful Web3. 

Plavnik referenced writer Gavin Wood erstwhile describing Web3 and said that “communication” is simply a halfway tenant successful the consequent iteration of the internet. “Web3 is the connection of encrypted channels betwixt decentralized identities,” Plavnik affirmed.

According to Plavnik, the emerging conception of Web3 has placed a magnifying solid implicit idiosyncratic information and ownership, particularly concerning the creator economy, which Plavnik described arsenic a spot with “no introduction barriers oregon casting.”

During the show, Plavnik explored however users are coming astir to the conception that they tin perchance monetize their individuality successful Web3, but she questioned however they could support their self-sovereignty.

Awakening self-sovereign individuality successful Web3

When discussing however self-sovereignty is intertwined with Web3, determination was nary hesitation from Plavnik successful explaining that the halfway tenet of Web3 is to uphold a self-sovereign individuality — meaning that decentralization is vital.

Decentralization, Plavnik explained, is cardinal to ensuring that nary 3rd enactment controls nor owns idiosyncratic data.

However, not each users person the level of consciousness oregon involvement to recognize this. Understandably so, arsenic Plavnik described the information that Web3 features, protocols and platforms are inactive successful their “infancy.”

Despite being successful an experimental and developmental stage, Web3 has besides shed airy connected however the creator system tin proceed to germinate and minimize intermediaries. Through the usage of blockchain exertion and decentralized platforms, users are opening to physique their brands without intermediaries and networks that nett from users’ data.

Related: NFT Steez and Lukso co-founder research the implications of integer self-sovereignty successful Web3

Plavnik explained however arsenic a creator, maintaining self-sovereignty successful Web3 is “exciting” due to the fact that it already serves arsenic a mode to physique a “blockchain resume,” truthful to speak, whereby users tin readily way and find each their interactions, information and engagement successful a domain, for example.

Plavnik expects that successful the future, nonfungible token domains volition beryllium an charismatic diagnostic adjacent though existent users are constricted to lone facets of their integer individuality based connected their crypto wallet.

Plavnik posited that an NFT domain could springiness users much dynamic state regarding which accusation they privation to disclose and which integer identities volition service which purposes.

To perceive much from the conversation, tune successful and perceive to the afloat occurrence of NFT Steez connected Cointelegraph’s caller podcasts page oregon connected Spotify, Apple Podcasts, Google Podcasts oregon TuneIn.