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

1 year ago

On Oct. 28, NFT Steez, a bi-weekly Twitter Spaces hosted by Alyssa Expósito and Ray Salmond, met with Web3 contented writer, Julie Plavnik to sermon the value of self-sovereignty portion gathering a integer individuality successful Web3. 

Plavnik references writer Gavin Wood erstwhile describing Web3 and says 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 affirms.

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

During the show, Plavnik explores however users are coming astir to the conception that they tin perchance monetize from their individuality successful Web3, but she besides questions however they tin support their self-sovereignty?

Awakening self-sovereign individuality successful Web3

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

Decentralization, Plavnik explains, is cardinal to ensuring that idiosyncratic information is rightfully controlled and owned by nary 3rd party.

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

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

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

Plavnik posits that an NFT domain tin springiness the idiosyncratic much dynamic state successful which accusation they privation to disclose, and which integer identities volition service for antithetic purposes.

To perceive much from the conversation, tune successful and listen to the afloat occurrence of NFT Steez and marque definite to people your calendar for the adjacent occurrence connected Nov. 11 astatine 12 p.m. EST.

The views and opinions expressed present are solely those of the writer and bash not needfully bespeak the views of Cointelegraph.com. Every concern and trading determination involves risk, you should behaviour your ain probe erstwhile making a decision.

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