Exploring the Future of the Internet: Web3

The internet has come a long way since its inception. From the static, read-only pages of Web1 to the interactive, user-generated content of Web2, we've seen significant advancements. Now, we're on the brink of another revolution: Web3.

What is Web3?

Web3 represents the next generation of the internet, where decentralization, trustlessness, and user ownership are at the forefront. Unlike Web2, which is dominated by big tech companies that control and monetize user data, Web3 aims to give power back to the users. It leverages blockchain technology, cryptocurrencies, and NFTs to create a more transparent and equitable online ecosystem2.

Core Principles of Web3

Decentralization: Web3 applications, known as dApps (decentralized applications), run on a blockchain network rather than centralized servers. This means no single entity has control over the entire network.