Web3 Governance

Web3 governance refers to the methods and processes by which decentralized networks, particularly those built on blockchain technology, make collective decisions and manage resources. Unlike traditional systems governed by a central authority, Web3 emphasizes community participation, often using mechanisms like voting or consensus to determine the direction of projects or protocols. Token holders or community members typically influence decisions regarding upgrades, policies, or funding by participating in governance processes, ensuring that everyone has a voice in shaping the future of their digital ecosystem. This decentralized approach aims to enhance transparency, equity, and accountability within digital communities.