Creating Sustainable Businesses With Web3

SOURCE: Social Media Examiner

What Web3 Makes Possible for Business Models

There are two important business-related functions unlocked with Web3: ownership and interoperability.

Shared Ownership

In Web2, the internet experience most of the world is familiar with, you don’t really own anything because everything related to your business. Your content, your followers, your data, etc. are stored on a server run by a centralized company such as Facebook.

In Web3, ownership of these assets can be managed in the form of a fungible or non-fungible token.

Why does this matter?