The author of this article is exploring the potential use cases of cryptocurrencies beyond traditional currency definitions, particularly in the area of Web3. Web3 introduces the concept of ownership to the internet, allowing users to have control over their data and payments on a peer-to-peer basis. This is significant because personal data is valuable to third-party businesses, and Web3 would enable users to have complete ownership and control over their data and content.

However, widespread adoption and belief in the concept of Web3 are necessary for it to be effective. Companies such as JPMorgan, Goldman Sachs, Disney, and Apple are exploring the benefits of Web3, and assets like Chainlink, Filecoin, and Audius represent ways to gain exposure to Web3 development. Despite scalability and legality concerns, the ability to maintain ownership of personal information while having the right to monetize it will likely grow in favor.