[axg11]

Web3 is a loosely defined trend and every person has different expectations for the changes that web3 should bring. Here's what I personally think web3 can do to change the internet for the better:

- Increase proportion of consumer spending that goes to creators (Apple, YouTube, Spotify, etc have egregious take rates from 20-50%)

- Create new business models where incentives are aligned. Take a look on HN at the weekly threads about poor Google search results. Subscriptions and micropayments are a no-go for services like Google search. It's time for a new business model for these services and web3 provides the framework to experiment with radically different business models.

- Permissionless (and decentralized) finance: if you live in the US/Canada/UK/France/Germany/etc then this might not be much use to you. There are dozens of countries that can benefit from permissionless access to banking.