Twitter

Web2 (early 2000s-today) is read and write. People create and consume content on the social platforms that we're all familiar with. In web2, tech giants extract value from users by sitting in the middle. Web2 is built on client-server architecture where users are the client, and companies control the servers.

One of the big benefits of open source is that it opens the development of niche features to the community. While the core product is typically maintained by a central engineering team, integrations or plugins are often built by community developers and then occasionally merged into the main branch.

Web 2.0 & #Web3 Business Models difference

But why make this point? Well, splitting the hair between profit and usage is important to measuring long-term success. If a project gets great adoption but cannot drive revenue, it will die. Some wishful thinking might argue that the community will take over, but there’s been little evidence to indicate this happens.