Popular news aggregation and discussion website Reddit has changed its terms of service, allowing users to earn, purchase or sell currencies and items that can be cryptographically verified. The change in terms also explicitly outlined a clear separation in the definition of non-tokenized Web 2 virtual goods and tokenized Web 3 virtual goods, with a member of the Reddit product team disclosing plans to sunset the former.
you know lemmy is web3, right?
No it’s not. It doesn’t use blockchain as it’s distributed data store.
Yeah I was gonna say. I’m guessing OP meant cryptocurrencies in particular, but you’re not wrong. Federated services are an example of Web3 as well, since Web3 is defined by decentralization, which is the core premise of Lemmy
So I absolutely agree, lambasting Web3 as a whole is rather disingenuous