What is web3? (Published 2022)

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 F... See more

Web3, the future internet we’re moving towards, is a decentralized internet. Under Web3, the internet is shared online and governed by the collective “we,” rather than owned by centralized entities.The Web3 world is one that has open-source protocols at its foundation. Web3 is about rearchitecting internet services and products so that they benefit... See more

Web 3 is the next step of the Internet. It is currently still being built, so there is no single, established definition yet of what Web 3 is or will be.In general, however, Web 3 refers to an Internet that is made possible by decentralizednetworks, such as Bitcoin and Ethereum. The key innovation of these networks is the creation of platforms that... See more

Web3 (or Web 3, or Web 3.0) is an umbrella term for various efforts to reshape the web in order to:

• Make it easy for users to control their own data and content and move between different apps and platforms;


• Enable users to receive a share of the revenue their online activities generates for the platforms and apps they use; and


• Enable web users and ap

... See more

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.

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.

... See more