Blockchain technology allows people to build decentralized applications as an alternative solution to the everyday infrastructure provided by institutions and other intermediaries. Web3 helps bridge the gap between these applications and the people who use them.
Unlike its predecessor, Web3 represents full ownership of one’s content, assets, and identity. There are no institutions, no intermediaries, no third parties. Just you and the blockchain.
This premise of ownership in this space also means that creating an ecosystem around blockchain applications requires an active commitment to move the field forward. This is where true builders differ from speculators.
Ownership = put into work
The community has played a key role in the development of the Web3 ecosystem since the early days of cryptocurrency. A community was forming around Bitcoin before the potential role of decentralized applications in Ethereum and cryptocurrencies was still uncertain. The first “official” Bitcoin conference dates back to 2013. It dominates all other aspects of cryptography and blockchain applications.
Note that these maximalist groups differ from the Web3 community as a whole in that they are dedicated to specific assets, chains, protocols, etc., rather than entire application-based ecosystems.
The Web3 community is inherently decentralized and transparent, adhering to the idea of having as few barriers to entry as possible. Everyone can ultimately contribute to the space and move it forward. As a result, Web3’s projects typically offer various incentives for expanding participation and ownership through the community. “Code is law” is a given in cryptocurrencies, but people are and will be at the forefront when it comes to creating useful applications for the technology behind it. .
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The strongest communities are formed when individuals step up for their communities, act beyond them, and become pillars of space through their actions and leadership. The more pillars your community has, the more productive your space will be.
Take the Web3 community in New York City as an example.
Art Malkov has been a pillar of NYC’s Web3 community since founding BlockchainNYC, one of the most active blockchain meetup organizations in 2016.So he helped put together events like Bring your business to blockchaincovered by The Huffington Post, and attended by both blockchain natives and non-natives.
Art Was A Visionary And Mastermind In Addition To Blockchain NYC blockchain weekend NYC Initiative co-sponsored with the New York City Economic Development Corporation (NYCEDC). A sister event to BlockchainWeek, in 2019 more than 50 of his events were held in the city under its umbrella.
BlockchainWeekend was one of the largest “IRL” initiatives for the Web3 community in New York City. It attracted support from many Web3 projects and organizations such as Coingecko, Gemini, and Coindesk, as well as New York City senators, politicians, and the community..
It is noteworthy that this community work took place at a time when blockchain applications were not yet fully developed, and there was much speculation and skepticism about the future of the industry. The situation would have remained the same without the constant efforts of the Web3 community pillars.
Live events such as meetups are a great way to foster community development. People tend to form stronger opinions and beliefs about something when they hear or talk about it with other people who share similar interests. After all, humans are inherently social creatures.
“We just want to spend Monday nights with people who are as passionate about Crypto as we are. There will be no guest speakers or panels at CryptoMondays. It’s just a place to be in.” Lou Kerner Formation of CryptoMondays
Lou Kerner is also a pillar of NYC’s NYC Web3 community. He founded his CryptoMondays in his 2019. It was a simple premise. It’s about collecting cryptocurrencies, hanging out, and talking about them briefly with each other.
If you live in New York and want to meet other Web3s in a casual setting, check out CryptoMondays and their schedule of events.
Founded in 2017, BlockchainCenter was one of the first organizations to host a live event for the blockchain community right here in the heart of New York.
Today, EmpireDAO is carrying the torch as the ultimate Web3 coworking space in the Big Apple. Located at 190 Bowery, EmpireDAO is his six-story space where Web3 natives feel at home. There are floors dedicated to artists, conferences, Solana projects and more. EmpireDAO embodies the spirit of decentralization and serves some pretty good coffee, too.
For more on EmpireDAO’s origin story, watch Mike Fraietta’s talk at Solana Breakpoint 2022.
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Web3 is constantly growing and evolving and the future looks bright. Massive adoption is more imminent, and a strong community becomes even more important as Web3 begins to bring in new users. Art Malkov is Fireside chathe said, “Web3 has evolved beyond the age of selling ideas and empty promises, and building great products has become much more important to consumers, investors, and projects in today’s world.” ”
The good news is that the pillars are still here and busier than ever.As CMO, Art Malkov has led projects like Zilliqa and Iotex, and now Benzinga’s Future of Crypto and upcoming NFT New York 2023.
CryptoMondays is doing better than ever, with over 30,000 members in over 60 cities around the world! They continue to host social events for crypto enthusiasts every Monday night and will soon It doesn’t appear to be slowing down.
Anyone can say, “I believe in the future of blockchain,” buy cryptocurrencies and sit on the sidelines, which is not a bad thing at all. But if this were the standard course of action, there would be no Web3 space. People become uninspired, spaces become centralized, and those coins look less attractive on the market.
I will say it again. The future looks bright for Web3. While the SBF-FTX situation was brazen, the narrative was very positive for the future of cryptocurrencies and blockchain.
At events like Benzinga’s Future of Crypto conference, there’s a shared understanding that the industry will only return to a stronger and better state than before, and everyone gets their hands dirty and makes space by becoming a part of it. I am eager to help. Politicians like Tom (unbanked) Lumis Gillibrand are optimistic about the value of blockchain technology and the future of cryptocurrencies in the United States.
These factors suggest that the Web3 community has only grown recently and will continue to grow as more users join. In other words, if you want to get involved with Web3, now is the perfect time to get started.
