Web3 – also called “Internet 3.0” or “Internet 3” is a time period that has develop into more and more common because the evolution of the Web advances with digital belongings. The time period itself describes the following 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 have been readable however not significantly interactive. In 2004, the following model of the Web, Internet 2 allowed individuals to not solely learn content material but in addition create their very own and publish it by way of blogs and social media channels. As individuals grew to become higher knowledgeable on how their private knowledge was collected and utilized by the publishing and social media platforms, a higher want arose for extra privateness, possession, and management of particular person data and content material. Due to this fact, Web3 is rising as the following iteration of the Web that goals to scale back dependency on massive know-how firms by way of the usage of decentralized protocols.[1]
