Web3 is an extension of cryptocurrency, using blockchain in new ways to new ends. A blockchain can store the number of tokens in a wallet, the terms of a self-executing contract, or the code for a decentralized app (dApp). Not all blockchains work the same way, but in general, coins are used as incentives for miners to process transactions. 

What is web3? It’s a hazy/vague term describing a crypto-powered internet, and a font of yogababble. Its promoters would say something akin to: Web3 is a decentralized version of the internet where platforms and apps are built and owned by users. Unlike web2 (the current web), which is dominated by centralized platforms such as Google, Apple, and... See more

If the mention of words like web3, crypto, and their complementary acronyms—NFT, DAO, DeFi, et cetera—prompt fears or jeers, derision or confusion, I shall serve as Virgil to your Dante.

Web 3.0 is now defined by digital ownership, and not just money or finances, but ownership of your digital self, digital art, applications, etc. 

Image if you had ownership of every post you made on social media and were rewarded. That content is owned by you, not some social media company. But where does it live? Well on the blockchain.

The

... See more