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?.
In the web3 technology a gambler does not have to register an account only on the website. In this case, connecting a wallet will create an account automatically and That wallet will be the access key to that site. But if that casino site is licensed then you must complete kyc to place high quality bets or claim high amount there like other casino sites. Here you will get the benefit of Quick Access only through Wallet Connected. that is the point