Web3 – also called “Internet 3.0” or “Internet 3” is a time period that has develop into more and more well-liked because the evolution of the Web advances with digital property. The time period itself describes the subsequent era of the Web that permits customers to take part past studying, enabled by Internet 1, and writing, enabled by Internet 2. For instance, within the 1990’s, Internet 1 was comprised largely of a set of hyperlinks and homepages that had been readable however not notably interactive. In 2004, the subsequent model of the Web, Internet 2 allowed individuals to not solely learn content material but in addition create their very own and publish it via blogs and social media channels. As individuals grew to become higher knowledgeable on how their private information was collected and utilized by the publishing and social media platforms, a larger want arose for extra privateness, possession, and management of particular person info and content material. Due to this fact, Web3 is rising as the subsequent iteration of the Web that goals to cut back dependency on giant know-how firms via the usage of decentralized protocols.[1]
