Web 3.0 Is Going To Bring Rise To The Middle Class

We all have heard about Web 3.0. It is the new craze, kind of like the term "Metaverse". However, unlike the latter, Web 3.0 is actually in the process of being developed.

This evolution to the Internet is going to seriously impact people all over the world. It is a step forward that will completely change society. For this reason, we see attacks from the usual suspects.

It is enough to make one wonder if all the conspiracy theorists were right about the elites.

Either way, we are now embarking upon a path that is going to offer billions opportunities they never saw before. This could reverse major trends that were in place over the last 40 years.

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The Reemergence of the Middle Class

It is no secret the middle class in developed countries was carved out over the last few decades. We are now to the point where there are basically two sets of people: rich and not rich. The wealth and income divide is only increasing.

While we can spent a thousand articles discussing the reasons why, at the end of the day it really doesn't matter. What is important is the situation is present and how do we solve it.

Web 3.0 is a solution. Over the next few years, people are going to realize how vital this is.

The majority of people live solely on their incomes. Each day, billions in the developed world sign up for the time for money program. They spend 9 or 10 hours of their lives doing things to help increase the wealth of others. For this, they get a few numbers on a paycheck that, in many instances, doesn't even cover all their bills.

For those who are lucky, there might be a few investments. This is often in the form of a [401K(https://leofinance.io/@leoglossary/leoglossary-401k) or some other retirement program. It is helpful yet hardly a path to financial independence.

None of this is should come as a surprise. The two major sources for people are:

  • income
  • investments

Naturally, the wealthy tend to excel at the second one.

Here is where Web 3.0 can really help.

Adding a Third Layer

We are seeing a new model of money generation entering the picture. This is due to the emergence of cryptocurrency. It is already starting to help people out.

One of the primary benefits of Web 3.0 is going to come in the form of staking.

It is an activity that, when mass adoption is reached, is going to fuel the monetary situation for billions of people. Today, billions spend hours online, enriching the likes of Facebook and Google. With Web 3.0, part of that is going to end up in the wallets of the individuals.

Of course, once the coins or tokens arrive, one has to do something with them. This is the starting point for an entirely different life.

As projects develop, we should see the number of games and applications tied to blockchain explode. This will offer plenty of opportunity for people to amass cryptocurrency. By staking some of those tokens, another source of income starts flowing.

For most, it is missed how powerful this truly is. People can be rewarded for engaging in similar activities as they are already undertaking. The difference is now, once rewarded, there is a financial basis to work from.

With decentralized finance (DeFi) expanding, we see the potential of putting that money to work. This is vital for wealth generation.

Another stage that we will likely go through is the path from online only to having choices in the real world. Part of the crypto evolution, in my opinion, is for it to become a funding mechanism for businesses and ventures in the physical world. This will only expand the number of opportunities people have.

Getting Started

One of the challenges for most people is to get started with their investing. This all stems from the fact that there is no money to invest. Becoming an investor often requires at least some resources. When the entire paycheck is going to bills, it is rather difficult.

Web 3.0 solves this problem. People are already amassing tokens and coins each day for doing everyday activities. On a blockchain such as Hive, we see people being rewarded on both the base and second layer.

This opens the door to an entirely new world. People can take their cryptocurrency and stake it for more rewards. It is a process that generates passive income, something else that is vital to basic wealth building.

People are going to be able to generate thousands, even tens of thousands of dollars, each year through their online activity. With Web 3.0, we all are effectively a business. This means the potential to add to our bottom line exists.

From this point forward, it will only grow.

Fill those bags and start staking. It will be of great benefit down the road.


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I get you on this one. A couple of hours bought more crypto(EGLD) and staked it. Looking at the current economical circumstances we have in the country and in pretty much the whole world it's clear that only crypto has the potential to get me out of this shit. So far I have over 90% of my recently bought crypto in staking.

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Bang, I did it again... I just rehived your post!
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The craze in Web 3.0 has been in the rise for some time now. I got one think blockchain is the new Web 3.0 but it’s development is slow and the politics associated with blockchain goi g mainstream has been a major slow down step.

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The business model of Hive is really fascinating. I haven't seen a chain similar to it. In hive, one's attention and even a minimal effort is rewarded but reward also goes higher with higher quality participation.

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Well Steem has a similar idea although nowhere near the development and layer 2 applications. Since Sun took it over, it is basically dead from what I understand.

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I like this viewpoint, especially coming form a middle class family. I think that the emergence of new income streams will be reshaping our understanding of everything we do. Well said

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I would agree. Having a handful of very powerful ones is going to change the average household.

If one can get four or five doing a few hundred each, at a minimum, that will really help most in the developed world.

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Web3 certainly has the potential to fill the gap and offer the solution. The basis is there, it's just a case of whether the individual or organisation can take advantage and maximise its potential! But I guess that's what we're in the process of discovering…

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What you speak tied to what individuals are willing to do. That brings up another set of circumstances.

Sadly, most are not willing to dive into things full tilt.

Cryptocurrency offers amazing opportunity. There will be massive winners; we will also see others who do not take advantage and lag behind.

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I just hope I will still be alive then to realize it and take advantage of it. It honestly feels like it is taking forever sometimes and I have a feeling I will be bed ridden before I get the chance to enjoy any of it!

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How long did the internet take to come to fruition. Perhaps your time reference is a bit off.

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I just know each day I have less and less time!

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I agree. With web 3, the fair cry that there's no money to invest will be taken away because one can earn from zero. And then put those earnings to work for them.

All that's needed is to use the time they often spend on web 2 platforms without earning anything to make passive income for themselves by showing up, accumulating, staking, and making those earnings work.

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Web 3.0 is going to be drive, in part, by network effects. That will help to attract money to those destinations, further increasing the wealth generated in those areas.

When people have stake via tokenization, they are able to benefit financially in ways that are not present at the moment.

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Fortunately, the opportunity to build wealth already exists on Hive, it only requires patience and consistently filling our bags. The spread of opportunities on Hive from Leofinance, Splinterlands, and SPK Network just to mention a few is amazing. We have an opportunity to up our financial status I do believe Web 3.0 is a good bet.

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It does exist. Splinterlands is a great example for those who got involved. There are people who are really seeing their holdings expand as more is rolled out. Even some SPS can really put someone in a different position down the road.

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Although we might not be able to fully bridge the gap between the rich and not rich. This third layer will immensely help in the capturing and redistribution of wealth amongst a wider audience.

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This reminds me of the pitch Jesse Schell did at DICE conference in 2010, only instead of points, we will get tokens and those tokens will provide yield using DeFi.

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This goes to prove my point that Web3 is the new opportunity for everyone most especially the GenZs to defile and change the conventional way of doing things by the books which limited our thinking, creativity, and most of all our freedom. Whether you accept it or not Web3 is the future.

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Technology often provides the in generation with a way to remake society. The internet did that for the boomers. Now we are seeing something powerful that will be for the millennials and Gen Z.

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Technology has the power to change the life and thinking of people for good. All we need is just to tap into it.

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Let's hope that with the arrival of Web 3.0 it will be the solution to find a little of what was lost in previous years by a group of society which, as you say in your publication, no longer exists but could resurface

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Many of us have a head start so making this time count is the key to opening up future wealth.

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I would say we are ahead of the curve. It is going to require some more development but those who are in early can benefit from many of the different projects.

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Staking . . . is an activity that, when mass adoption is reached, is going to fuel the monetary situation for billions of people.

Web 3.0 is implementing the economic inclusion long promised by politicians. They either have no intention or are ignorant that the means chosen could not deliver what they promised. What I find repulsive is that now that the blockchain is here opening such an opportunity, they are either wanting to ban it or suppress it by their control and regulation mechanism. The only comfort is that their laws are not that effective anymore when it comes to the digital world.

Part of the crypto evolution, in my opinion, is for it to become a funding mechanism for businesses and ventures in the physical world.

One of the challenges for most people is to get started with their investing. This all stems from the fact that there is no money to invest. Becoming an investor often requires at least some resources. When the entire paycheck is going to bills, it is rather difficult.

With Web 3.0, we all are effectively a business.

Two of my friends are blessed to have the capital to invest in real estate. They started just like me. I told them that they are blessed for not many people have that kind of opportunity to start with huge capital accumulated by their parents-in-law for decades and now has been passed to their wives. In my case, though I don't have those rich in-laws, I have Hive.

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Sometimes people ask FB and Twitter, Youtube, etc. have ad revenue and that is how they thrive, in contrast, Hive has a different model altogether, here we have tokenized economy and all sorts of social media users are unified with a token, In the initial years, as we grow in penetration rate, there will be a healthy flow of investment and we continue to earn from that point of view. But what will happen when it saturates, let's hypothesize, that the penetration rate reaches its zenith and has stabilized. So how would the business at that point in time still attract HIVE as an investment?

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The middle class is being gutted right now in the current system and it's possible for it to revive if we moved to a different system. People need to invest but the culture of buying and not saving tends to be a thing in society.

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I'm definitely a believer but would like to see more real-world use cases, resources and lists of projects, proposals, and just ideas that people have had out there-whether on hive or other chains. A list could be inspiring to others, perhaps some of these real-world applications could be compiled, like your Leo glossary, and used as a quick reference.

The borehole projects are of course the perfect example of raising funds for basic human needs. I think decentralizing smaller communities energy could be the next big thing, with all these crazy energy prices and shortages.

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This is a great article, coming from you today, it has juice up my day, all the instances you share here about Web 3.0 are true.

The power of blockchain are changing things, I see you enlighten it here also "in blockchain we are all effectively a business, true, hive is a good example.

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