These protocols may often offer a variety of different services like compute, storage, bandwidth, identity, hosting, and other web services commonly provided by cloud providers in the past. People can make a living by participating in the protocol in various ways, in both technical and non-technical levels. Our favorite perk to Web3 is the ability to host your own service provider yet share data and messaging with anyone in the world in a permissionless fashion. No company can stop, deny, limit, or otherwise disturb your application.
Consumers of the service usually pay to use the protocol, similarly to how they would pay a cloud provider like AWS today. Except in web3, the money goes directly to the network participants. This also allows the application to run on affordable hardware such as our Metis Container from anywhere in the world.
In this, like in many forms of decentralization, you’ll see that unnecessary and often inefficient intermediaries are cut out. Web3 is the future of the internet and will change the way everything is incentivized, rewarded, distributed, stored, and accessed.