If 2021 was the year that Web3 became a buzzword, 2024 will be the year that the values behind Web3 start to make a lasting impact on the way we operate as a society. One such area that is ripe for change is the relationship people have with work.

Web3 is defined both by technology and philosophy. The technology involves a decentralized internet that is powered by blockchains. It has an enormous range of use cases–most of them not implemented yet–including cryptocurrencies, DeFi and NFTs.

Unlike the early internet (static content) and Web2.0 (user-generated content), both of which were owned and managed by singular entities, the ownership and management of Web3 data and platforms is distributed. This ‘powered by the people’ attribute of Web3 makes it not just a technology, but also a social movement.

Digging into the manifestations of this Web3 philosophy, I predict changes to the way people think about work, and the implications that will have on the overall employment landscape.