Image Source: LinkedIn

The internet is a constantly evolving place, and Web 3 is a shining example of innovation. It promises community-driven platforms that are decentralized and go beyond the limitations of traditional web platforms. It provides a web that is free from discrimination and allows anyone, regardless of their background, to participate and climb the ranks.

The idea of being able to make something for yourself by simply contributing your part to a network seems almost too good to be true. The potential to turn a small investment into a large one just by participating in the ecosystem is incredibly exciting. Furthermore, the idea of being in a space where you have a say in the direction of the platform seems perfect.

However, it is important to remember that amidst the excitement and potential wealth generation, we must not lose sight of the real-world implications and inequalities that still exist. While many enjoy the benefits of Web 3, it is crucial to recognize and appreciate the privilege it represents and to support those who are struggling in reality.

There is a stark reality we must come to accept. There are individuals who despite occupying a prestigious position in their organisation, are not earning up to $200 a month. This sobering contrast highlights the vast disparities in wealth and opportunity that exist within the Web 3 space. While some thrive and prosper, others are left behind, grappling with financial hardships that go beyond virtual borders.

Some people would like to participate in the Web 3 ecosystem, but one glaring issue that may hinder them is the exorbitant gas fees on networks like Ethereum. There are instances where users pay hundreds of dollars in fees to be able to carry out a transaction. And this underscores the inherent inequities and barriers to entry that plague the space. For many, such fees are simply unattainable, further widening the gap between the haves and the have-nots.

Moreover, while Web 3 enables individuals to mint money seemingly out of thin air and connect with people across the globe, it's imperative to remember that this privilege is not a given right. The ability to participate in decentralized finance, non-fungible tokens (NFTs), or decentralized autonomous organizations (DAOs) should not be taken for granted. Instead, it should serve as a push for empathy and support for those who lack access to such opportunities.

In a world where third-world countries are disproportionately affected by economic instability and lack of resources, Web 3 serves as a potential lifeline. For many, it represents more than just a means of financial gain; it's an illumination of hope and empowerment in the face of adversity. However, this potential can only be realized if we acknowledge the privilege inherent in our participation and actively work to uplift and support marginalized communities.

Web 3 has the power to be a saving grace, but only if we approach it with humility, gratitude, and a commitment to real-world impact. Instead of solely focusing on personal gain, let us strive to be genuine in our interactions and support the true builders of this technology. By using our privilege for the greater good, we can help stem the bleeding and create a more inclusive and equitable future for all. Let us not take Web 3 for granted, but rather use it as a tool for positive change in an increasingly interconnected world.