> For the complete documentation index, see [llms.txt](https://whitepaper.nextearth.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://whitepaper.nextearth.io/chapter-ii/pillars-of-the-metaverse/economy.md).

# Economy

The difference between Web2 and Web3 businesses - [as explained by David Taylor at the Next Web Conference in Amsterdam, 2022](https://www.youtube.com/watch?v=bkYwscEaZFc) - is that while Web2 companies create products and sell them to customers to generate revenue, Web3 businesses create assets that are used between users in the form of on chain transactions which are then taxed in the form of gas fees (and similar) to fund operations. Next Earth is no different.