What is Web3? A Comprehensive Guide to the Future of the Internet.

Table of Contents

1. Introduction to Web3
2. The Evolution of the Internet: Web1 to Web3
3. Key Technologies Powering Web3
4. Why is Web3 Important?
5. Core Principles Guiding Web3
6. What is Decentralised Finance (DeFi)?

What is Web3 In One Sentance?

Web3 is simply the next “iteration” of the internet.

Web3 is the catch-all term for things that exist by way of new technology.

Web3 is the creation that comes from blockchains, cryptocurrencies, smart contracts, DEFI, DAOs, and NFTs.

Web3 also contains virtual worlds, AR/VR, multiplayer games, and interactive digital environments.

Web3, in a somewhat simple way, is the amalgamation of blockchain technology, game technology, and mass multiplayer technology.

Web3 has native payments: it uses cryptocurrency for spending and sending money online instead of relying on the outdated infrastructure of banks and payment processors.

Web3 has native payments: it uses cryptocurrency for spending and sending money online instead of relying on the outdated infrastructure of banks and payment processors.
- Ethereum Foundation

Introduction to Web3