Web3 – also called Web 3.0 or Web 3 is a time period that has turn out to be more and more common as the evolution of the Internet advances with digital belongings. The time period itself describes the subsequent technology of the Internet that permits customers to take part past studying, enabled by Web1, and writing, enabled by Web2. For instance, in the Nineties, Web1 was comprised principally of a assortment of hyperlinks and homepages that have been readable however not significantly interactive. In 2004, the subsequent model of the Internet, Web2 allowed folks to not solely learn content material but additionally create their very own and publish it by blogs and social media channels. As folks grew to become higher knowledgeable on how their private knowledge was collected and utilized by the publishing and social media platforms, a better want arose for extra privateness, possession and management of particular person info and content material. Therefore, Web3 is rising as the subsequent iteration of the Internet that goals to scale back dependency on giant know-how corporations by the use of decentralized protocols.[1]
