#WHATISWEB3 What is Web3?

Web3 (or Web 3.0) is the next generation of the internet โ€” one thatโ€™s decentralized open and owned by users, not big tech companies.

๐Ÿง  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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๐ŸŒŸ Key Features of Web3:

โœ… 1. Decentralization

Data isnโ€™t stored on one companyโ€™s server.

It's stored across a network of computers (blockchain).

No single company (like Google or Facebook) owns it all.

โœ… 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!

โœ… 3. Smart Contracts

Digital agreements that run automatically (no middleman).

Used in DeFi, NFTs, and more.

โœ… 4. Token Economy

You can earn tokens (crypto) by using apps.

Examples: play-to-earn games, airdrops, staking, or yield farming.

โœ… 5. Privacy & Control

You donโ€™t need to give your name, email, or phone to use many Web3 apps.

Your wallet = your identity.

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๐Ÿงฉ 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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๐Ÿช™ Why Web3 is Powerful for You

You can earn, invest, and participate as an ownerโ€”not just a user.

You can make passive income via staking, airdrops, and NFTs.

You are no longer the productโ€”youโ€™re the boss.