What is Web 3? - Decrypt

Web2.5 is about combining the power of web3 functionality – asset ownership, decentralisation and inbuilt incentives, with the user experience, familiarity and distribution of existing web2 platforms.

Web2 identity solutions are centralised. You give your identity data to third party providers. As a result, there is a security and privacy risk. With Web3, you would be the single owner of your identity data. Your credentials would be stored on-chain and validated once by credential verifiers. Third party services which want to verify your identit... See more

The key characterizations of web3 are: d ecentralized, e dge computing infrastructure,  AI-driven,  3D Graphics (aka the Spatial Web), t ransparent/open source, a nonymous, u biquitous (IoT)