Web3: in a nutshell

Understand Web3 with this simple framework

Web1: Read-OnlyWeb2: Read-Write

Web1: Read-Only > 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 journ... See more

Web2: Read-Write > Cue Web2 or the web as we know it today. It took over in the early 2000s. At its core, Web2 made space for everyone to become a content creator and consumer simultaneously - though not everyone actually makes money off of what they create. Users produce media on social networks, i.e. Facebook, who then is able to sell per... See more

As with the shift from Web1 to Web2, the shift from Web2 to Web3 is largely due to infrastructure advancement, but there will be a mindset shift for builders and developers as governance will be much more user-centered. With the removal of a middleman and data living on immutable infrastructure, there is no control over data thus no censorship and ... See more

To understand Web3, let’s go through the features of Web1 and Web2. 

Web3: Read-Write-Own > Ownership is one of the biggest features of Web3 - participants have full ownership over their content, data, and assets. Important to note that the internet has not reached what we consider to be Web3, but there are products and services being built that are considered to be “Web3”. This simply means that they adhere... See more