Encyclopedia Classification
Category: Blockchain Applications • Internet Evolution • Digital Ownership
Discipline: Web3 Architecture • Digital Identity • Creator Economies • Decentralized Networks
Prerequisites
-
Article 232 — Decentralized Applications (dApps): How Blockchain Applications Work and Where the Industry Is Going
-
Article 231 — Crypto Smart Contracts: Programming Money, Automation, Risks, Audits, and Decentralized Applications
-
Volume I, Article 8 — Blockchain
Related Articles
NFTs • DAOs • Digital Identity • Metaverse • Gaming Economies • Decentralized Social Networks
Definition
Web3 is the vision of a new internet built around blockchain technology, where users can own digital assets, control their identities, participate in networks, and interact with decentralized applications.
The evolution:
Web1
The read-only internet.
Web2
The interactive internet.
Web3
The ownership internet.
The central idea:
Web3 attempts to shift the internet from platforms owned by companies toward networks where users can own assets, identity, and participation rights.
Beginner Explanation
The internet has gone through several major phases.
Keep reading — unlock all of Volume III
The opening sections of every Volume III article are free. Drop your name and email to unlock the rest of this article — and all 100 advanced articles — instantly. We'll also send you the designed PDF edition of Volume III and you'll join The CGH Brief. No spam, unsubscribe anytime.