Is web 3 a misunderstanding word for some gambling crypto projects? I've come across few gambling / crypto projects that claimed to be a web 3.0 online casino and other but they still ask for KYC.
The definition of web 3.0 had everything to do with decentralization, block chain technology and token based economics as per what Wikipedia illustrated so why is identity/ verification integrated?
Is this just a misunderstanding of what web 3 actually is? Or it's a way to attract people/users to make them think that their platform is more advanced?.
Web3 was originated from the co-founder of Ethereum Gavin Wood which means "Read, Write and Own". You are the owner of the asset, that is, there is an element not decentralization of protocol. By the right web3 does not need for KYC for any identification base on it definition and if any casino site claim to be web3 and asking for KYC, that casino need to be question, because fake site can come up.