BTC
$102,580.34
-
1.19%
ETH
$2,272.34
-
6.89%
USDT
$1.0005
+
0.04%
XRP
$2.0700
-
3.25%
BNB
$632.25
-
1.41%
SOL
$134.67
-
4.86%
USDC
$1.0002
+
0.02%
TRX
$0.2727
-
0.65%
DOGE
$0.1564
-
4.51%
ADA
$0.5472
-
6.34%
HYPE
$34.12
-
3.04%
WBT
$48.45
-
1.12%
BCH
$462.71
-
0.90%
SUI
$2.5790
-
6.20%
LEO
$8.9691
+
0.29%
LINK
$11.96
-
5.95%
XLM
$0.2359
-
3.50%
AVAX
$16.86
-
4.16%
TON
$2.8383
-
4.03%
SHIB
$0.0₄1090
-
4.53%
Logo
  • News
  • Cryptocurrencies
  • Data
  • Indices
  • Research
  • Events
  • Sponsored
  • Sign In
  • Sign Up
Opinion
Share this article
X iconX (Twitter)LinkedInFacebookEmail

In Crypto's 'Autonomous Worlds,' Creators Are Architects and Users Are Stakeholders

Felix Xu writes about a new concept looking to take Web3 beyond what is known today.

By Felix Xu
Updated Jun 14, 2024, 7:05 p.m. Published Oct 31, 2023, 2:43 p.m.
globe held in someone's hand (Greg Rosenke/Unsplash, modified by CoinDesk)
(Greg Rosenke/Unsplash, modified by CoinDesk)

“Web 3.0 is about creating a truly decentralized web, where individuals are in control of their own data and have true ownership and sovereignty over their online identities.” – Balaji Srinivasan

Web 2 deserves a lot of credit. It gave us interactive platforms where non-celebrities could build audiences of millions with almost no friction. It allowed us to circumvent the gatekeepers of culture: the networks that controlled information throughout the twentieth century. But the same centralization problems that plagued the pre-Facebook attention economy have re-emerged over the past decade as a few dominant platforms capture an even greater share of global attention than the mega-corps of the 20th century.

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the The Node Newsletter today. See all newsletters
By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy.

Felix Xu is the founder of ARPA and Bella Protocol.

jwp-player-placeholder

In Andreessen Horowitz partner Chris Dixon’s blog “Why Decentralization Matters,” he shows how the S-curve modeling the extractive relationship between tech platforms and users was flattening, and how more and more was getting stripped from users over time. And it’s not just users; the same goes for all businesses, developers and creators that rely on these platforms.

The S shaped model showing how platforms interact with users according to Chris Dixon. (Andreessen Horowitz)
The S shaped model showing how platforms interact with users according to Chris Dixon. (Andreessen Horowitz)

Most of their efforts over the past five years have focused on extraction, running more ads to increase profit with only meager efforts to redistribute the nearly $400 billion in net income they earned since 2018 to creators.

Of course, Big Tech founders deserve a little credit. Alphabet’s YouTube and Web 2 newcomer TikTok have made being a “creator” or “influencer” a viable career path for tens of thousands of people. YouTube, which accounts for around 11% of Google’s total revenue, has a generous revenue share of up to 45% for large creators. TikTok’s revenue share is far lower, but many creators can earn a decent living selling ads on their pages that they negotiate on their own.

See also: Tech's Money Woes: Beginning of the End for Web2? | Opinion

The real problem with Web 2 is not their limited revenue-sharing, it's the fact that creators are subject to the whims of platforms whose interests are increasingly divergent from their own. The ever-present risk of deplatforming and obscure algorithms determines the fate of every creator. Of course, many other smaller creators have been quietly deplatformed without redress and entire sites, including OnlyFans and Patreon, have mass demonetized their creator-bases without warning.

Beyond boundaries, beyond centralization

While Web 2.0 introduced us to a new age of content consumption, it still binds creators to the mercy of centralized platforms. The desire for true ownership, not just of content but of entire digital realms, leads us to the next frontier: Autonomous Worlds (AWs). These aren't mere constructs in the vast expanse of crypto terminology but represent a profound evolution in our digital interactions and experiences.

Pioneered by Oxparc, these digital realms stand apart from typical Web 3.0 environments. Their distinction lies in their hard diegetic boundaries (within a world), meticulously formalized introduction rules, and the absence of any privileged gatekeepers.

In these worlds, creators are not just contributors; they are architects

In these decentralized landscapes, the relationship between creator and consumer transcends traditional boundaries. Instead of being limited by platforms, creators can craft entire universes and consumers can engage in ways previously unimagined. Imagine a virtual art gallery where artists not only showcase their creations but where the certain elements of the digital space itself are edited, changed and evolve based on collective decisions.

Or consider a massive online game where the rules aren't set by a single developer but are shaped and reshaped by its players. There are rules and spaces set up at its creation. Going forward edits are approved with consensus, new societies and interactions change, possibilities offered by AWs. (Disclaimer: ARPA builds Randcast, a random number generator that aims to ensure verifiable randomness in digital spaces and AWs).

If Web 2.0 was about giving voice to individual creators, Autonomous Worlds is about granting them the power to shape entire digital ecosystems. The transition from individual content pieces to expansive, interactive worlds marks a shift from mere creation to holistic world-building.

In these worlds, creators are not just contributors; they are architects, shaping the very fabric of digital reality. And consumers? They're not just passive viewers. They become active participants, stakeholders and even co-creators. The lines blur, forming a collaborative tapestry of interaction, engagement and shared ownership.

Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc. or its owners and affiliates.

OpinionWeb3Creator Economy
Felix Xu

Felix Xu, crypto geek, early adopter and NFT collector. Felix graduated from NYU Stern and founded two crypto projects, ARPA and Bella Protocol, among the global top 500 by market cap. Felix previously worked at Fosun Investment, Sackler family office and Vertical Research in New York and Beijing. Felix loves sailing, kitesurfing and was featured in the Wall Street Journal and The New York Times for his NFT collection.

X icon
CoinDesk News Image
Latest Crypto News
FastNews (CoinDesk)

[Test] translation without price widget

Jun 20, 2025

FastNews (CoinDesk)

[Test-C31-6047, FastNews] JPMorgan To Allow Clients To Buy Bitcoin, Says Jamie Dimon

Jun 20, 2025

Directional bets drive inflows into bitcoin ETFs. (kalhh/Pixabay)

[Test C31-6047] How the $400M Coinbase Breach Is a Scratch on the Surface of Crypto's Dark Security Problem

Jun 19, 2025

FastNews (CoinDesk)

Fast News article circulated to Policy for translations

Jun 17, 2025

Breaking News

Breaking News article circulated to Tech for translations

Jun 17, 2025

Moonwalk Fitness Director of Growth Caitlin Cook

Opinion article circulated to opinion for translations

Jun 17, 2025

Top Stories
(CJ/Unsplash)

XRP Futures Start Trading on CME

May 19, 2025

JPMorgan Chase CEO Jamie Dimon (Photo by Kevin Dietsch/Getty Images)

JPMorgan To Allow Clients To Buy Bitcoin, Says Jamie Dimon

May 19, 2025

Ethereum co-founder Vitalik Buterin (CoinDesk Archives)

Ethereum's Vitalik Buterin Proposes Design to Make Running Nodes Easier

May 19, 2025

A barman shakes a cocktail shaker with an array of drinks bottles behind him.

Crypto Daybook Americas: Bitcoin Whiplash Shakes Market as U.S. Yield Spike Threatens Bull Run

May 19, 2025

Mike Novogratz, Galaxy founder and CEO, speaks at Consensus 2024 (CoinDesk/Shutterstock/Suzanne Cordiero)

The Bull Case for Galaxy Digital Is AI Data Centers Not Bitcoin Mining, Research Firm Says

May 19, 2025

Tokyo, Japan (Jaison Lin/Unsplash)

Metaplanet Buys Another 1,004 Bitcoin, Lifts Holdings to Over $800M Worth of BTC

May 19, 2025

This is your last article this month.

Sign up for free

About

  • About Us
  • Masthead
  • Careers
  • CoinDesk News
  • Crypto API Documentation

Contact

  • Contact Us
  • Accessibility
  • Advertise
  • Sitemap
  • System Status
DISCLOSURE & POLICES
CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.
EthicsPrivacyTerms of UseCookie SettingsDo Not Sell My Info

© 2025 CoinDesk, Inc.
X icon
Sign Up
  • News
    Back to menu
    News
    • Markets
    • Finance
    • Tech
    • Policy
    • Focus
  • Cryptocurrencies
    Back to menu
    Cryptocurrencies
    • Data
      Back to menu
      Data
      • Trade Data
      • Derivatives
      • Order Book Data
      • On-Chain Data
      • API
      • Research & Insights
      • Data Catalogue
      • AI & Machine Learning
    • Indices
      Back to menu
      Indices
      • Multi-Asset Indices
      • Reference Rates
      • Strategies and Services
      • API
      • Insights & Announcements
      • Documentation & Governance
    • Research
      Back to menu
      Research
      • Events
        Back to menu
        Events
        • CoinDesk: Policy & Regulation
        • Consensus Hong Kong
        • Consensus Miami
      • Sponsored
        Back to menu
        Sponsored
        • Thought Leadership
        • Press Releases
        • CoinW
        • MEXC
        • Phemex
        • Advertise
      • Videos
        Back to menu
        Videos
        • CoinDesk Daily
        • Shorts
        • Editor's Picks
      • Podcasts
        Back to menu
        Podcasts
        • CoinDesk Podcast Network
        • Markets Daily
        • Gen C
        • Unchained with Laura Shin
        • The Mining Pod
      • Newsletters
        Back to menu
        Newsletters
        • The Node
        • Crypto Daybook Americas
        • State of Crypto
        • Crypto Long & Short
        • Crypto for Advisors
      • Webinars
        Back to menu
        Webinars
        Select Language
        English enEspañol esFilipino filFrançais frItaliano itPortuguês pt-brРусский ruУкраїнська ukDeutsch deNederlands nl