I wanted to write a quick post delving into Web3 after receiving several questions about it. Without any long narratives, I’ll give it a go with as simple of an explanation as I can.
To understand Web3, let’s go through the features of Web1 and Web2.
The internet has officially existed since the ‘80s. Content creators have had a place on the internet, but the majority of users using the internet in the ‘90s were consumers on static web pages and seldom produced content. Perhaps a consequence of shifting from print media to the internet, those who dominated content creation were professional writers, reporters, and journalists. The content model here was few-many and people came onto the internet to consume or read-only.