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It does not store any personal data. Functional Functional. Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. The end of this period saw a sharp increase in intellectual property enforcement that coincided with the introduction of massively improved consumer options for digital goods think Spotify, Netflix, Apple Music, etc.
The rise of web3 has once again brought attention to concepts of digital ownership, IP management and the rights of creators. Web3 critics often draw negative comparisons to the ethos that surrounded torrenting. NFTs can lower the barrier to entry for collaboration and create opportunities to inspire fans to become creators themselves. This misses a couple of points. First, while some were torrenting just to save some cash, many did so because the convenience was overwhelming relative to official paid sources.
The torrent movement is best understood as a consumer backlash against antiquated business models ignited by rapid technological change. In this regard, web3 is absolutely a spiritual successor of that time. Another issue with this hot take is that it forgets the actual debates of the period. The philosophically inclined pirates of the time would point to artists being disadvantaged by intermediaries as just cause for piracy.
Reframing the torrenting movement exclusively as opposition to the rise of Web 2. Content utility and value, in other words, particularly for the creators who are at the heart of the matter. Web3 builders and torrenters share a lot of the same goals when it comes to dethroning and disintermediating gatekeepers.
However, web3 gives creators and fans much better tools for this fight, such as enforceable scarcity, transparency, radical ownership and clear provenance. So while web3 pays homage to torrenting in a way, it actually provides the infrastructure for a more meaningful and economically empowering model for artists and their fans. Torrenting is similar to blockchain in that they are both peer-to-peer decentralized technologies.
With the rise of NFTs, the blockchain is also becoming a more common way of distributing content — another hallmark of BitTorrent. What people have always appreciated during both the torrenting and the web3 eras is that acts of creation are hard, interesting, and worth rewarding and celebrating. IP is one way of ensuring that those acts of creation keep occurring.
In earlier regimes of IP, the value of acts of creation seemed overwhelmingly captured by gatekeepers, rent seekers and intermediaries. With nothing but love to my fellow shower singers, acts of creation locked in an empty room are not going to help an artist pay the rent. Hence, the rise of publishers, labels, managers, agents and all the rest.
Love it or hate it, this group was incredibly successful for a very long time given the specifics of technology and means of distribution. What sparked such intense conflict during the torrenting era, however, was the belief that this discovery apparatus had grown in power and value far out of proportion to the creative talent they were supposed to be supporting, particularly in a time of rapid technological change.
A major goal of web3 is to radically disintermediate the gatekeepers that torrenters were going after. If anything, one of the issues of web3 is that they see gatekeepers absolutely everywhere.
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