Tokens and Web 3: The New Digital Frontier
- ocmdragon
- Oct 7, 2024
- 4 min read
Updated: Jan 20
In the world of technology, we’re entering an exciting new era—Web 3! It's changing how we use the internet by giving us more control and ownership, thanks to a revolutionary concept called tokens. But before diving into what tokens really are, let's explore the journey of the web and how we got here. If you're new to Web 3 and crypto, don’t worry—I'll break it all down in simple, relatable terms.
1. Tokens: The New Digital Primitive
Imagine the internet as a huge playground. Back in the day, websites were like slides or swings—set in one place, and all you could do was use them for their specific purpose. But tokens are like a whole new type of toy—super versatile building blocks! You can use them to create almost anything. Think of tokens as the "new LEGO bricks" of the digital world. They’re pieces you can own and use in all sorts of different ways, from buying virtual goods to owning digital art.
Just like websites were the fundamental building block of Web 1.0, tokens are now the foundation of Web 3. They represent ownership, value, and even identity in the online world. You can own digital art, music, or even have a say in how a community is run—all through tokens.
2. The Two Waves of Technology: Skeuomorphic vs. Native
Every big tech wave goes through two phases:
Skeuomorphic Era: This is when we create digital versions of things from the physical world. For example, the early internet was like an online brochure. Websites looked like magazines, and you could only read them.
Native Era: Here, technology starts evolving beyond its physical-world inspirations, becoming something entirely new. For instance, once we realized websites could be interactive, we got social media and online games—things that couldn’t exist in the offline world.
3. Web 1.0: Skeuomorphic to Native
When the internet first arrived, websites mostly replicated offline activities like sending letters (emails) or reading brochures (websites). It took about a decade for people to realize that websites could do so much more than just imitate old habits. They could become places where people generate content, like social networks, blogs, and even crowdfunding platforms! This shift was the start of the native web, where new things were born that didn’t exist before.
4. Web 3: Following the Same Path
Now, Web 3 is following this same pattern. Today, most Web 3 products—like NFTs and crypto—are in the skeuomorphic phase. Many are digital versions of things we know from the offline world, like tickets, art, or collectibles. But, just as websites evolved, Web 3 is about to unlock an entirely new way of interacting with the digital world.
5. Tokens: More Than Just Art
Right now, a lot of people think of NFTs as just digital art or collectibles. But tokens—whether they're fungible (like Bitcoin or Ethereum) or non-fungible (like NFTs)—are much more flexible than that. They’re not limited to money or art; they can represent anything. Think of them as digital containers that can hold value, ownership, or access to things. This could be game items, music, photos, or even control over how a community operates.
6. The Power of Ownership
In Web 2 (the current web), when you use an app or website, you don’t actually own anything. You’re just renting or borrowing access. For example, if you play a game, the items you "buy" in that game can’t be taken with you to other games or platforms. But with Web 3, tokens give you true ownership. Imagine you collect game items in one game, and when you leave, you still own those items and can use them elsewhere. It's like carrying a backpack full of digital stuff you truly own, no matter which app or game you enter.
7. A New Era of Digital Property
Web 3’s biggest shift is giving users digital property rights. If you own a token (whether it’s a piece of art, a game item, or access to a community), that’s yours to keep, trade, or sell. And if it goes up in value, you benefit—not just the tech company that created the platform.
This is the huge difference between Web 2 and Web 3. In Web 2, tech companies capture most of the value. In Web 3, you own your slice of the internet.
8. Beyond Art: What Tokens Could Become
Just like websites evolved from digital brochures into dynamic platforms, tokens will evolve beyond art and collectibles. We’re already starting to see examples of this with things like DAOs (decentralized autonomous organizations), where groups pool resources and make decisions together, all governed by tokens. Another example is composable NFT games like Loot, where communities come together to create entire worlds around simple sets of NFTs—something that could only exist in the world of Web 3.
9. The Future of Tokens
There’s nothing about fungible tokens that says they must be used for money, and there’s nothing about NFTs that limits them to art. These are just the early, obvious applications. Over time, tokens will evolve to represent everything from digital goods to new forms of governance, making them as versatile as websites are today. They are the atomic units of the new internet.
Wrapping It Up: The Native Web 3 Era
We’re still in the early days of Web 3, much like how websites were mostly read-only in the early internet. But just as websites evolved into something interactive and user-generated, tokens will open up new worlds of ownership and creativity online.
So, are you ready to build your future on the Web 3 playground? You’ve got your tokens, now it’s time to start building something entirely new! Oh, and remember, much like a cat with nine lives, Web 3 is giving the internet a fresh start—one where you hold the power!
Original Article by https://x.com/cdixon on https://cdixon.org/




