Web3 Identity & Digital Ownership

What you’ll learn

• •Web3 broadly describes a vision of the internet built around user-owned data and assets on blockchains, contrasted with platform-controlled Web2.
• •A wallet address can act as a portable identity recognised across many applications, carrying associated tokens, NFTs, and history with it.
• •Genuine benefits include platform independence, potential persistence beyond any single company, and cryptographic proof of ownership.
• •A key trade-off is privacy: wallet activity is typically publicly visible on-chain, unlike most Web2 account activity.
• •Losing wallet access can mean losing your entire portable identity at once, with no company recovery process to fall back on.
• •Web3 remains a genuinely contested, still-maturing concept — some promised benefits are real today, others remain largely aspirational.
• •NFT membership passes and DAO voting rights, covered earlier this week, are both concrete examples of wallet-based identity in practice.