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What is Web3?

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cloudguy
@cloudguy
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According to Wikipedia, Web3 (also known as Web 3.0 and sometimes stylized as web3) is an idea for a new iteration of the World Wide Web based on blockchain technology, which incorporate concepts such as decentralization and token-based economics.

It is the evolution of the internet as we know today. Web3 (also known as Web 3.0 or web3) is a notion for a new version of the World Wide Web based on blockchain technology and including principles like decentralization and token-based economics.

The internet has changed dramatically over the years, and its current applications are nearly unrecognizable from its early days. The web's evolution is frequently divided into three stages: Web 1.0, Web 2.0, and Web 3.0.

The terms "Web 1.0, Web 2.0, and Web 3.0" relate to different periods in the history of the World Wide Web as it evolved through different technologies and formats.

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