Web3 is Centralized

web3, as it exists today and appears to be building towards, is actually more centralized than the web it seeks to replace. [...] The problem here is the profit motive: people who are working on web3 generally want to get paid for it, but it's fundamentally harder to extract rent from truly decentralized systems than it is from centralized ones. Because of that, people end up building systems that are centralized at their core, with some aesthetics of decentralization smeared on top, and call it web3.

#Crypto #Internet #Technology