Web3 Has Given Us the Chance to Own Our Online Data, But Do We Want It?

Web3 has the potential to give users ownership of their online data, but the author argues that onboarding must improve before most people will adopt it. The piece says Web2 users know in general that platforms exploit their data, yet few have moved to Web3 platforms such as Lens, Farcaster and friend.tech. It cites Statista figures showing X's active users falling from 368.4 million in 2022 to 335.7 million today. The author points to Worldcoin, which offered up to $600 for retina scans, as the clearest example of showing people the value of ownership, and to Ethereum Name Service as a way to replace hard-to-read wallet addresses.