Let's talk about Web3...

What the heck is it anyway?

Web3 isn't actually well defined yet... There are a bunch of debates about how to define it so if you want to go down that rabbit hole, feel free to ask Google.

Simplified, Web3 is the user owned web being created using blockchain technology.

Let's look at the history of the web to add some context:

Web 1 is the original internet. Corporations were able to hire a developer to make a webpage for their customers to visit and learn about the company, their products and even make purchases. It was difficult to program websites so it was cost prohibitive for common folk to build a website.

Web 2 is basically social media platforms. There are sites like Facebook, Twitter, LinkedIn, Snapchat, etc. where users can set up a profile and create content. The defining characteristic of Web2 is that it is user created content. The drawback to social media is that these centralized organizations are maintaining data farms. It's hard to tell exactly what they are doing with the data they collect AND they become "silos" of personal information that are vulnerable to hacker attacks and identity theft.

Web 3 is Blockchain framework in-which users create the content AND they own / control the content. It's a little complicated for newbies and that's the purpose of this "Introduction to Web3" section.

[If you are already familiar with Web3, feel free to skip the rest of the "Introduction to Web3" section; although our specific perspective might prove beneficial]

If you are new to this space, the Blockchain Basics, Fungibility, Crowdsourcing and Web3 Slang tabs are designed to bring you up to speed.