The war between Web3 and Web5 has already broken out. It officially began on June 10 this year with the announcement of the bitcoin-powered Web5 platform by former Twitter CEO Jack Dorsey, who had previously faced conflicts of interest with Web3 advocates such as Marc Andreesen, an investor of Web3 projects. The Web5 platform intends to provide decentralized identification and data storage within social media apps, “returning ownership of data and identification to individuals,” — the company states.
In this chaotic world, it is almost impossible to adjust to changes. No sooner had the world been tossed around by the Web3 wave than the second one, Web5, a merger of Web2 + Web3 swooped in. The concept of Web5 combining the best Web2 and Web3 have to offer their users has arisen as the idea of a fully decentralized Web3 is hard to implement.
Despite the differences in the decentralization approach (see below for details), both directions are similar in one thing — to unite the silos of user data on social networks for their secure storage and operation. After all, as Tim Berners Lee noted, “transformation is hampered by different parts of one’s life being managed by different silos”.
OneArt has taken a look at Web5 and its main features to share its view on another buzzword (spoiler: probably future reality). But first, let’s answer the question: why do we need this Web5? Are things so deplorable with current social media?
Managing your social media data is not your burden
Web5 intends to plug the “lack of identification” hole of the modern…
Continue reading on our new blog: https://oneart.digital/en/blog/what-web5-means-for-social-media#managing-your-social-media-data-is-not-your-burden
