We will discuss the new organizational bodies that are emerging to push forward our society. Web3 Corporations and what they are.

Amazon, for example, prides itself on being customer-centric and attributes its success to putting customers first in everything from design to services offered. However, its success comes from its dedication to listening and learning to read its customer thanks to data it would aggregate on users' preferences, purchases, personal information, and browsing history in order to influence the sales of goods. Nothing is for free is the lesson we can draw as evidenced by scandals such as Facebook-Cambridge Analytica and Google’s location history.

There is a growing concern about the power and control centralized organizations hold over individuals and society. Our trust and faith in institutions is declining (2020 Edelman trust barometer).

The Covid-19 pandemic has amplified the need for new models and organizations that promote collaboration. We need to think bigger.

Dr. King gave the “I have a dream” speech, not the “I have a plan” speech. It’s dreams that change the course of history. — Simon Sinek

Web3 corporates are a vessel for propagating a mission. Its products are wrapped in communities.

The field of Web3 is relatively new, hence, terminologies and their meaning are yet to be agreed upon. I envision web3 corporations as entities with the aim to become less important over time, by working towards becoming a smaller part of a larger ecosystem of network participants. Their aim is to “subtract” themselves from the bigger picture, becoming less central and more a part of a larger network. Into Decentralized Autonomous Organizations DAOs. Below is a table comparing web2 vs web3 companies from @SteveNewcomb.

The philosophy of subtraction, first introduced by the Ethereum Foundation, explains how the evolution of corporates to the web3 era is about subtracting intermediaries, barriers, and unnecessary layers—allowing for a more direct relationship between users and creators, leading to a more efficient and effective ecosystem.

In conclusion, as trust and faith in traditional institutions decline, new approaches and models, such as web3 corporations, are needed to build a better future. The future is digital and so are our organizational models.