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How Web3 and Future Tech Will Transform Journalism


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The technological innovations of the past twenty-five years has been truly revolutionary. Widespread adoption of the internet, smartphones and social media have completely transformed the world we live in. Today, the world is abuzz with excitement and fear over the incoming wave of future tech that is sure to transform our world even further. To learn how the world of journalism is considering it's future in the face of a changing technological landscape, I read from several entries at Nieman Labs Predictions for Journalism 2022.


One common piece of future tech that shows much promise for future incarnations of news outlets/media organizations are DAOs. Digital autonomous organizations, commonly referred to as DAOs, open up a world of possibilities for journalists. In his write up on Predictions for Journalism, David Cohn, co-founder of Subtext says, "DAOs could mean the next local media org on its deathbed could be saved by a community in the form of a decentralized autonomous organization. Perhaps the DAO will include fractionalized ownership of the organization, or it could include voting rights on elements laid out in the code of the DAO." Daniel Eilemberg from Exile Content Studio writes, "It is also easy to envision DAOs (decentralized autonomous organizations) having a meaningful role in journalism, just as they do outside of it. The ability to organize around a common goal or set of principles, and to raise funds from members in return for a financial interest in their success, can be extremely powerful."


These powerful emerging technologies will not be free from their own dangers. Daniel Eilemberg goes on to write that "The ability for individuals to organize around a common cause will give way to journalistic outlets, organized not around the core principles of truth, but rather around an ideology or common goal. And that will only increase the already polarizing trends we see in media today." The promise these technologies offer can be seen as potential solutions to problems we face from big tech, but as history has proven to us, we tend not to see the hazards until it is too late.


[1 image, 4 links, 2 quotation, 348 words]

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