This “shadow inventory” threatens to continue the downward pressure on housing prices and further destabilizes communities. On a more positive note, however, Mallach contends that the neighborhood impact of REO properties can be mitigated if subsequent owners have a long-term interest. He points out that the community impact of an REO property purchased by an individual homebuyer is barely noticeable.
While the implications of these notions may differ from person to person, the Web3 Foundation founded by Gavin Wood, who coined the term Web 3.0 - defines it as "a decentralized and fair internet where users control their own data, identity and destiny."