Web3 represents the next stage of the internet, characterized by decentralization and individual control over data and privacy. It’s the next evolution from the centralized characteristics of Web 2.0.
Initially, there was Web 1.0 — the era of static web pages (e.g., plain HTML sites). You could view the internet, but you couldn’t interact with it. Web 2.0 followed, introducing interactive and social experiences (e.g. Facebook) that reshaped the internet. While Web2 connected billions of people, it concentrated power in the hands of a few tech giants, raising concerns about privacy, data ownership, and censorship.
Web3 aims to address these challenges by embracing decentralization (e.g. DeFi platforms like Uniswap or NFT marketplaces like OpenSea). Unlike Web2’s centralized control, Web3 is built, operated, and owned by its users, returning power to individuals. By leveraging blockchain technology, Web3 guarantees individual control over data and promotes secure, open access to online interactions without the need for trusted intermediaries.
Web3 emerges as a beacon of hope for a more democratic and transparent landscape. By embracing Web3, we pave the way for a brighter, more connected future where technology serves humanity rather than the other way around.