#Web3Earnings $ETH

It’s against this backdrop that Web3 meaning has taken shape. Its concept was coined back in 2014 by Gavin Wood, the co-founder of Ethereum, the decentralized blockchain platform (more on blockchain later). The Web3 concept itself? It states we all trust way too much, putting sometimes highly sensitive data into the hands of a select few private companies that must be ‘trusted’ to access and use it ethically.

This is a no-no, according to the Web3 community including Wood. Instead, the community claims, we need to decentralise all data to take back control of it – and Web3 technology is how we’re going to do it. In other words, creating the next generation of the world wide web for a new Read-Write-Own era.