Web3 holds lots of promises, from decentralizing power across the internet to generating newfound wealth. Government and business leaders in Austin believe the city can be at the forefront of using that potential for societal good. As one person put it, “It’s part of this whole cycle of eliminating a whole bunch of middlemen that puts the creators in control and allows the people everywhere who are making things, who are already distributed and already much more diverse, to be the ones who benefit from it." Read about new City Hall initiatives to boost Austin's stature as a hub for all things Web3 and blockchain.