Translated by Deep from BlockBeats Editor's Note: This article explores the process by which Web3 has gradually been eroded by capitalism from its decentralized ideal: initially established by pioneers seeking freedom, Web3 attracted capitalists with scarce block space like Bitcoin. Subsequently, the expansion of new territories like Ethereum and Layer-2 technologies led to a flood of block space, reducing its value. Despite the emergence of new lands, Web2 users hesitate to migrate due to co...

Translated by Deep from BlockBeats Editor's Note: This article explores the process by which Web3 has gradually been eroded by capitalism from its decentralized ideal: initially established by pioneers seeking freedom, Web3 attracted capitalists with scarce block space like Bitcoin. Subsequently, the expansion of new territories like Ethereum and Layer-2 technologies led to a flood of block space, reducing its value. Despite the emergence of new lands, Web2 users hesitate to migrate due to co...