Web 3 (also known as Web 3.0 and sometimes stylized as web3) is an idea for a brand new version of the World Wide Web based on blockchain technology. It integrates concepts like decentralization and token-based economy. A few journalists and technologists have opposed it to Web 2.0, wherein they declare that content and data is centralized by a tiny company group that is sometimes called “Big Tech”. “Web3” is the name that was coined “Web3” was coined in 2014 by Ethereum co-founder Gavin Wood, and the idea was gaining attention in 2021 from crypto enthusiasts, large tech firms, as well as venture capitalists.
Web 1.0 and Web 2.0 refer to different eras in the development of World Wide Web as it developed through various formats and technologies. Web 1.0 refers roughly to the time period between 1991 and 2004 when the majority of websites were static, and the majority of the users were users, not producers of content. Web 2.0 is based around the concept that of “the web as platform” and is focused on content created by users that is uploaded to social media, forums and networking platforms blogs, wikis, and blogs as well as other services. Web 2.0 is generally considered to have been launched in 2004 and continues until the present day.
Watch the original video on Web3 here https://youtu.be/xKmvDV_ovNA