Web3 Lesson 1: My explanation of Web3.0
Here’s what you need to know
If you read my last blog post, you’re well aware of my current passion for Web3 and my mission to get women informed and involved in the world. Today, I’m excited to kick it off with one core objective: what IS Web3?
To really understand Web3, we need to go back to the beginning and understand Webs 1 & 2. Here’s what you need to know about Web1 & Web2:
Web1: think dial up and prodigy circa late 90s - early 2000s when all you could do with the Internet was read. Web1 was static and read-only, but open (aka decentralized).
Web2: Web2 was all about creating and connecting, It opened up the Internet to reading, writing, and creating. But with that, came big centralized tech companies like Facebook (now Meta) that became the infrastructure in which we did so. Thereso, we became a less open or more centralized Internet, meaning these companies owned our information, a rise in privacy issues, etc.
NOW we can look to Web3, which is where our minds really start to blow. The biggest differentiator of Web3 comes down to owning. We can own assets of the digital world or parts of the Internet. What has people most excited about it is the fact that it’s taking the Internet back to an open, decentralized place. This is where Blockchain comes into play, but that’s a story for another day ��
TL;DR: Web1 = read only. Web2 = read, write, create. Web3 = own.
Buying NFTs, buying assets on the Blockchain is what Web3 is all about and this is where the world is going!