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 relation to KYC, they do not inherently oppose the tenets of Web 3.0. Despite the goal of Web 3.0 to establish a more decentralized and transparent framework, it does not imply that every aspect of the system will be entirely anonymous or exempt from authentication. In reality, numerous Web 3.0 initiatives mandate a certain degree of identity verification to abide by legal and regulatory standards, including AML and KYC regulations.