#WEB1

Web1 (1990s): The “Read-Only” Web

The first era of the internet, often referred to as Web1, was mostly made up of static websites that allowed users to read information, but not much else. There was very little interaction—no comment sections, no social media, and no user-generated content. These websites were built and controlled by a small number of creators, and visitors were limited to simply browsing pages without contributing.

During this time, the internet was highly centralized, with most websites hosted on large, individual servers owned by businesses or institutions. The average user had no way to publish content or actively participate in the web’s development.

However, even in this basic form, the internet began to show signs of its economic power. A great example of this was the sale of the domain name “Business.com” for a staggering $7.5 million in 1999—a clear indicator that being early could lead to massive financial rewards.

Today, projects like Pi see similar opportunities in early-stage technology. Just as owning a valuable domain name in the Web1 era turned out to be a major advantage, being an early participant in emerging platforms could offer the same kind of breakthrough potential.

Pioneers in today’s Web3 space are like the domain name owners of Web1—positioned for big rewards simply because they were early.

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