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noun
Web3 refers to the next evolution of the internet, where decentralized technologies like blockchain, smart contracts, and token-based systems empower users with ownership, privacy, and control over their digital interactions. Unlike Web2, which is dominated by centralized platforms, Web3 aims to create a more open, trustless, and user-driven web through decentralized applications (dApps), DAOs, and digital assets.
Web Evolution Timeline
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Web1 (Read-Only)
1990s – Early 2000s
Static websites with limited interaction. Users could only read content. Decentralized infrastructure, but no social or personalized experiences. -
Web2 (Read & Write)
Mid-2000s – Present
Interactive, user-generated content through social media, blogs, and cloud platforms. Centralized control by tech giants. Data monetization and user tracking became widespread. -
Web3 (Read, Write & Own)
Emerging – Present & Future
Decentralized applications (dApps), smart contracts, NFTs, and DAOs. Users own their data, identities, and digital assets via blockchain technologies. Trustless, transparent, and community-driven.