Web3 (also known as Web 3.0) [1] [2] [3] is an idea for a new iteration of the World Wide Web which incorporates concepts such as decentralization, blockchain technologies, and token-based economics. [4]

Jul 19, 2024 · Web3 has native payments: it uses cryptocurrency for spending and sending money online instead of relying on the outdated infrastructure of banks and payment processors. Web3 is trustless: it operates using incentives and economic mechanisms instead of relying on trusted third-parties.

Jan 8, 2024 · Web3 is a term used to describe an idea for the next stage of internet development. The term was introduced in 2014 by Gavin Wood, a cofounder of Ethereum, a blockchain-based software platform.

Web3 is an umbrella term for technologies like blockchain that decentralize data ownership and control on the internet. Most internet applications are controlled by centralized entities that determine how they save and use end-user data.

Oct 10, 2023 · Web3 is the idea of a new, decentralized internet built on blockchains, which are distributed ledgers controlled communally by participants.

May 10, 2022 · Web3 is being touted as the future of the internet. The vision for this new, blockchain-based web includes cryptocurrencies, NFTs, DAOs, decentralized finance, and more. It offers a...

Feb 15, 2022 · Web 3.0 promises a decentralized internet built on the blockchain. Here's what that collection of buzzwords means for how you may access the web in the years to come. Even if you’re not into...

Read a definition of Web 3.0 (Web3) and learn why AI, the semantic web and blockchain could make the next-generation web more personalized and responsive.

Mar 10, 2023 · Web3 is often described as a series of open-source and interconnected decentralized applications powered by blockchain computing architecture. It is not synonymous with the Metaverse, which is an...

Dec 17, 2024 · Web3 refers to a movement that will use crypto wallet addresses as online identities to access blockchain-based web platforms. A central principle of the Web3 movement is to shift control and ownership of data and online identities back to individual users and away from large, centralized platforms.