In Internet 3.0 and the demise of state aggregators, I suggested that because blockchains can capture state (user data) at the protocol level, state aggregators like Facebook would lose their moat, creating an opportunity for decentralized competitors. If we define Internet 2.0 as the widespread disruption caused by aggregation of state, then Internet 3.0 will be defined by the widespread disruption caused by moving state aggregation to the protocol level.