Blockchain Explained: How Web 3.0 Will Create New Business Models

A series that explores and explains the world of crypto and blockchain in under three minutes and in plain English.

Topics include Bitcoin, mining, Metamask, stable coins, NFTs, web3, blockchains, staking, DeFi, and big players in the space such as Gary Vee.

From "What is the web3 movement about?": Web1 refers to the early, read-only websites.

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Web3 is a new vision of the internet. It takes us away from today’s centralized internet, where data is stored in servers managed by trusted counterparties like Facebook and Google, to a decentralized internet, where a trustless network of peer-to-peer servers manages and verifies data.

In Web3, instead of platforms having full control of the underlying data, users typically own whatever content they have created (such as posts or videos), as well as digital objects they have purchased.