What is Web3?

Web3 or Web 3.0 is the new version of the World Wide Web which connects with the concept of decentralization in the form of blockchain technology and cryptocurrency. The World Wide Web is the first layer of how the internet is being used, providing websites and applications.
  1. 1.
    As Web3 is still evolving, there isn’t a canonical universally accepted definition. The term “Web3” was first introduced in 2014, by the Ethereum co-founder, and the idea was gained in 2021 by cryptocurrency enthusiasts and a gigantic technology company. The co-founder of Ethereum also said that the objective of Web3 is to encourage technologies and applications in the discipline of decentralized web software.
  2. 2.
    Web3 will have a strong emphasis on decentralized applications and make massive use of blockchain technology. This technology will also make use of artificial intelligence and machine learning to help and empower more intelligence and learning technology.