this post was submitted on 12 Jun 2023
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I think this decentralization and federation is what web3 is all about, without all the corporations calling everything to do with monkey pixel art that costs a million dollars "web3"

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[โ€“] [email protected] 28 points 1 year ago (1 children)

Web3 became a marketing term, doesn't even really have a clear meaning, but it's used as a catch-all word for blockchain-related things like NFTs, cryptocurrency projects, etc. But most of those are not truly decentralized, whereas Lemmy and other fediverse projects are.

[โ€“] [email protected] 16 points 1 year ago

I kind of like the idea of rebranding it around a more honest and inclusive definition of decentralization. Though getting past bad marketing is so hard it might not be worth it.