Why Web3

The Privy Labs Protocol (PLP) is an inherently-web3 infrastructure project. We are committed to, and remain encouraged by the blockchain community’s commitment to develop solutions for self-sovereignty, self-custody, identity management, and privacy preserving technologies in the pursuit of building a better internet.
By building our protocol with this in mind, we believe we can develop infrastructure that will power the next iterations of a consent-focused internet. Furthermore, we believe that the web3 funding design model encourages positive incentive alignment, demand validation, and shared ownership between our community of creators, developers, and the PLP team.
Figure 2.1 Privy Labs Protocol proposed ecosystem