Web3 Communities

Definition ∞ Web3 communities are groups of individuals united by shared interests in decentralized protocols, applications, or digital assets. These collectives often participate in governance, contribute to development, and share in the success of the projects they support. They represent a fundamental shift towards participatory ownership and decision-making online.
Context ∞ The formation and governance of Web3 communities, particularly decentralized autonomous organizations (DAOs), are frequently highlighted in cryptocurrency news. Discussions often revolve around community proposals, token distribution models, and the challenges of collective decision-making. Analyzing these communities provides insight into the social and economic structures emerging within the decentralized web.