#WHATISWEB3 What is Web3?
Web3 (or Web 3.0) is the next generation of the internet โ one thatโs decentralized open and owned by users, not big tech companies.
๐ง In simple terms:
Web1 = Read only (1990s websites)
Web2 = Read + Write (social media, apps like Facebook, YouTube)
Web3 = Read + Write + Own (blockchain, crypto, NFTs, DAOs)
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๐ Key Features of Web3:
โ 1. Decentralization
Data isnโt stored on one companyโs server.
It's stored across a network of computers (blockchain).
No single company (like Google or Facebook) owns it all.
โ 2. Ownership with Crypto
You own your data, money, and identity using crypto wallets like MetaMask or Trust Wallet.
No bank or third party needed!
โ 3. Smart Contracts
Digital agreements that run automatically (no middleman).
Used in DeFi, NFTs, and more.
โ 4. Token Economy
You can earn tokens (crypto) by using apps.
Examples: play-to-earn games, airdrops, staking, or yield farming.
โ 5. Privacy & Control
You donโt need to give your name, email, or phone to use many Web3 apps.
Your wallet = your identity.
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๐งฉ Examples of Web3 in Action:
Use Case Web2 Example Web3 Example
Social Media Instagram, YouTube Lens Protocol, Farcaster
Payments PayPal, Bank Bitcoin, Ethereum
Gaming PUBG, Free Fire Axie Infinity, Pixels
Storage Google Drive IPFS, Arweave
Finance (DeFi) Bank Loans Aave, Uniswap
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๐ช Why Web3 is Powerful for You
You can earn, invest, and participate as an ownerโnot just a user.
You can make passive income via staking, airdrops, and NFTs.
You are no longer the productโyouโre the boss.
