An ecosystem approach to Web3.0: a systematic review and research agenda

Abstract

Purpose This paper reviews the extant research on Web3.0 published between 2003 and 2022.Design/methodology/approach This study uses a topic modeling procedure latent Dirichlet allocation to uncover the research themes and the key phrases associated with each theme.Findings This study uncovers seven research themes that have been featured in the existing research. In particular, the study highlights the interaction among the research themes that contribute to the understanding of a number of solutions, applications and use cases, such as metaverse and non-fungible tokens.Research limitations/implications Despite the relatively small data size of the study, the results remain significant as they contribute to a more profound comprehension of the relevant field and offer guidance for future research directions. The previous analysis revealed that the current Web3.0 technology is still encountering several challenges. Building upon the pioneering research in the field of blockchain, decentralized networks, smart contracts and algorithms, the study proposes an exploratory agenda for future research from an ecosystem approach, targeting to enhance the current state of affairs.Originality/value Although topics around Web3.0 have been discussed intensively among the crypto community and technological enthusiasts, there is limited research that provides a comprehensive description of all the related issues and an in-depth analysis of their real-world implications from an ecosystem perspective.

Exploring user perceived beliefs, evaluations, and gratifications in ASM: applying expectancy-value approach for U&G theory on Mastodon instance Liker.social

“…Therefore, in this study, suggest that all users hold the same fondness for the newer benefits of decentralized social media, as illustrated in the aforementioned factor analysis. In other words, I cannot conclusively assert that the perceived benefits of the peculiar Mastodon instance Like.social encompass all the benefits of centralized social media for these users, despite the unanimous beliefs of Web3.0 proponents that Web3.0 social media aims to break free from the centralization characteristic of Web2.0 social media (Cao, 2022;Weyl et al, 2022;Guan et al, 2023).…”

“…Fourthly, although the aforementioned causal relationship is clearly significant, the perceived beliefs regarding descriptive centralized benefits cannot be entirely excluded from the analysis due to their subtle impact on users' gratifications obtained, as indicated by multiple regression analysis. This can be attributed to the notion that Web3.0 concepts may not completely replace Web2.0, despite the proposals and projections by many scholars (Guan et al, 2023). Rather, the concepts, technologies, or even "transformation" of Web3.0 can be viewed as a progression from Web2.0, particularly concerning the improvement of centralized social media at the present time.…”

“…Additionally, as mentioned earlier, exploring the perceived beliefs of various roles within decentralized ASM, such as the executives of Mastodon instances, could be worthwhile. Given the decentralized nature, no single role might control the entire social media landscape (Cao, 2022;Filipcic, 2022;Guan et al, 2023), making it challenging for any one role's perceived beliefs to accurately depict the entirety of decentralized ASM. Therefore, I recommend that future research should encompass a wide range of perspectives from participants, users, and executives, striving for inclusivity.…”