What Is Web3 and Blochain? The Evolution of the Internet
The concept of Web3 represents a significant evolution in the digital realm.
What is Web3 in its simplest description?
The ability to not only interact with the internet but to own a part of it.
The emergence of Web3 marks a monumental leap forward, a new era where blockchain and AI converge to redefine our online experiences.
Web3 is promising a new era of the internet that prioritises user privacy, security, and ownership.
But what exactly is Web3?
How does it differ from its predecessors?
Packy McCormick, defined it as:
“the internet owned by the builders and users, orchestrated with tokens.”
The idea hinges around a more equitable internet, underpinned by user ownership and governance.
This new version of the internet has the potential to change not just how we interact with each other but also how we interact with the levers that control our world.
This radical transformation in how we interact with the digital world will infuse user data with unprecedented levels of privacy, security, and ownership.
