What is Web3? The New Internet
Web3 is the next generation of the internet that relies on blockchain technologies to make the web more decentralized, returning power from large corporations to users. Unlike Web2, where companies like Google and Facebook control the data, Web3 allows individuals to own their digital identity, their data, and participate in governance and profit through digital tokens.
Its applications include: decentralized wallets, blockchain games, NFT markets, and decentralized social platforms. Web3 uses currencies and tokens like ETH, SOL, and DOT to fund and operate these services.
Although Web3 is still in its early stages, it promises a revolution in how humans interact with the internet, opening up unprecedented economic horizons.