The defining characteristics of Web3 are decentralization, ownership, trustlessness, and the use of cryptocurrencies. Web3 enables users to own their data, digital assets, and even the governance of platforms via blockchain-based systems. It also eliminates the need for intermediaries, allowing for trustless transactions conducted through smart... See more

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,... See more