Web3 is the concept focused on the decentralization of the internet that is powered through blockchains.
Although in its infancy, 2022 is expected to fully realize the impact that Web3 will have on society, especially in how we work.
As opposed to the early internet and Web2.0, which are both owned and managed by unique entities, Web3 is distributed and aims to be “powered by the people.”
“Web3 projects tend to be more inclusive and supportive,” said Julia Lipton, founder of Awesome People Ventures. “Given the nature of shared ownership, people’s success is closely tied to the quality of contributors in their network. This dynamic creates a more collaborative work environment.”
This theme is significant in the era of the Great Resignation, as many people part of the job search will be looking for a culture that Web3 claims to emanate.
In Canada, a community leader for Wonderverse and Web3 Baddies, notes that these cultural preferences are increasingly important for younger generations, such as collaborating and nurturing relationships with their coworkers.
Web3 also opens a door for freelancers and the overall gig economy, which have been steadily growing in recent years.
“At some level, Web3 is an extension of the gig economy that has atomized workers as independent agents over the past decades,” said David Phelps, a Web3 entrepreneur. “It treats each worker as an autonomous builder who can sell their services or develop their own projects.”