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What Is Web3? A Claim About Ownership, Tested One Layer at a Time
Web3 is a claim about ownership, not a technology: identity as a key you hold, state as a ledger anyone can verify, value native to the record, and governance by vote. Tested layer by layer, the ledger and the token have been delivered at scale, the executable vote and the carryable identity have not, and the missing pieces are the ones that ask an ordinary person to accept a durable inconvenience.
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