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Thirdly, there’s the element of decentralization. Blockchains and other aspects of distributed computing, in theory, give us the opportunity to create virtual worlds that are outside of the control of monolithic corporations. The concept of the decentralized autonomous organization (DAO) could potentially allow us to create true democracies online – social networks and similar platforms that are under the control of their users rather than whoever happens to own the servers that run the service and store the data. Distributed storage – as used by blockchain – means there is no one place where the data is stored centrally that one person, business, or government could potentially take control of. If it achieves widespread adoption, then web3 could lead to an internet that’s radically different from what we have today, owned and administered as it is by global mega-corporations.