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TipRanks 2022-08-29 16:30:32

Web3 Foundation Supports Project That’ll Bring News Publishers onto Blockchain

As the number of media outlets and social media platforms continues to swell, it is becoming increasingly overwhelming for most people to identify trusted news sources. In today’s heavily centralized publisher ecosystem, constant allegations of misinformation and fake news have created an atmosphere of mistrust. Experts believe that Web 3.0 - the decentralized internet - has the potential to overcome this challenge, powering authentic news publishing and reporting that is free from bias or influence. Based on this theory, Web3 Foundation (W3F), the collaborative initiative dedicated to nurturing and stewarding Web3 technology, has unveiled its support for a pilot project to restructure the news and media industries.

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