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What is Web 3.0 and how does it relate to the crypto market 🚀
Web 3.0 refers to a new era of the Internet: more decentralized, less dependent on big tech and capable of giving users control over their own data. In practice, it is an open source web; without many or no intermediaries mediating users' conversations; with electronic money not controlled by the State; and financial services previously only offered by banks.
But just like the metaverse, a futuristic utopia that seeks to unite the real and the virtual, Web 3.0 is still under construction.
The first discussions took place in 2006, and web3 began to appear on blogs and technology events. In November of that year, American journalist John Markoff mentioned the new phase of the internet in the article “A Web guided by common sense?”, published in the North American newspaper The New York Times.
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