Web3 has the potential to disrupt pretty much everything we know about life online and who controls it. But as with any technology that’s rapidly evolving, it can be hard to separate the facts from the wishful thinking. So if you’ve struggled to get your head around the web3 hype – or wonder why web3 matters – this article is for you.
First up, what is web 3.0?
Web3 or web 3.0 is basically the next iteration of the Internet. It follows on from the previous two evolutionary phases of the Internet, i.e., web1 (or web 1.0), the birth of the internet we all know and love, and then web2 (aka web 2.0), the more interactive, user-generated, social media-driven web that exploded over the last decade.