Web3 Economy

Definition ∞ The Web3 economy represents a new economic paradigm built upon decentralized internet technologies, including blockchain, cryptocurrencies, and non-fungible tokens (NFTs). It aims to shift power and ownership from centralized entities to individual users, enabling new forms of value creation and exchange. This economy is characterized by open protocols and distributed governance structures.
Context ∞ Current discourse on the Web3 economy is dominated by the rapid growth of decentralized applications (dApps), the burgeoning creator economy enabled by NFTs, and the exploration of decentralized autonomous organizations (DAOs) for governance. A central debate concerns the scalability and usability challenges that hinder mainstream adoption, alongside regulatory uncertainties. Critical future developments to observe include the maturation of cross-chain interoperability solutions and the development of user-friendly interfaces that lower the barrier to entry for mass participation.