Dear journalists, please stop referring to Mastodon as “Web3”.

While Mastodon is decentralized, it doesn’t utilize blockchain or token-based economics.

While you may believe this buzzword makes you sound smart to readers, it really just generates confusion.

https://eandt.theiet.org/content/articles/2023/04/social-networks-face-the-wisdom-of-crowds/

@fediversenews

Social networks face the wisdom of crowds

Web3 promises a new world of social media where you are the boss. The problem? You are now the boss.

@atomicpoet
OTOH I do find it a little funny that the Web3 crowd so badly failed to link the buzzword up with the blockchain that now some journalists are using it for the #fediverse, which is in some ways almost its inverse.
@fediversenews