Odyssey DAO - What Is Web3?

What web3 offers for me, via more flexible and dynamic forms of digital ownership, is business models where decentralized organizations and public goods can be tied directly to equity and revenue streams — the merger of Red Hat and Linux, via tokens. If we can do that, the foundation of open resources we can build will increase dramatically and pow... See more

The key characterizations of web3 are: d ecentralized, e dge computing infrastructure,  AI-driven,  3D Graphics (aka the Spatial Web), t ransparent/open source, a nonymous, u biquitous (IoT)

We believe web3 is ushering in a new era of the internet. An era in which the users of a platform can be the owners of the platform, helping bring it to life and benefiting from its upside value creation.

To understand Web3, let’s go through the features of Web1 and Web2. 

1) No -- Web3 is best understood as a sort of ‘economic’ extension of Web 2.0,

Web3 was born out of a desire to decentralize the control and ownership that characterized Web2. It was a response to the centralization and monopolistic tendencies of the Web2 era, where a few giant corporations held the reins of power.

The core principle of Web3 was simple: users should have ownership and control over their data, digital assets, a... See more