Intro to Web3 for beginners | School of Block

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: Read-Write-Own > Ownership is one of the biggest features of Web3 - participants have full ownership over their content, data, and assets. Important to note that the internet has not reached what we consider to be Web3, but there are products and services being built that are considered to be “Web3”. This simply means that they adhere... See more

Web3 emphasizes the freedom of the individual. In an ideal Web3 world, creator A is on a decentralized platform Z instead, which is run by smart contracts and gives creators more of their revenue. On top of that, platform Z probably has some tokens like $ZDAO that control governance - and this tokenization of governance disallows unilateral decisio... See more

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.

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.