Web3 what is it?
Posted: Sun Jan 12, 2025 5:20 am
OpenSea.io is a peer-to-peer platform that provides collectibles and rare digital objects. Rarible is an open and democratic platform, it allows artists and creators to publish and sell NFTs. Finally, Foundation is an invite-only platform, artists must be invited by other artists to publish their works.
The term Web3 was coined by Gavin Wood, co-founder of Ethereum. This term is used both to indicate digital innovations that are based on blockchain technology and to indicate, erroneously, a phase of austria phone data evolution of the web (web 1.0, 2.0).
In Web 2.0 there are limits related to centralization. Even if users are free to create, share content and interact with each other, they must comply with a series of regulations that are imposed by the platforms.
Web3 , on the other hand, is based, first of all, on decentralization and ownership of content. Everything that creators and artists produce is, in fact, their property and they can decide whether to monetize it and how to do it.
We can therefore talk about Web3 not as an evolution of Web 2.0 but as a very broad concept that includes different elements united by blockchain technology. The latter is placed, by Web3, at the base of existing technologies: Artificial Intelligence and Internet of things.
How does it work and what are its features?
In Web3, contents or services are no longer within servers or platforms owned by companies or multinationals, but are distributed homogeneously across the entire network.
Content is no longer owned by platforms like Tik Tok or Instagram, but would remain with the legitimate authors. Even devices no longer connect to central servers but to distributed registries where it is possible to find and use all the information desired.
The term Web3 was coined by Gavin Wood, co-founder of Ethereum. This term is used both to indicate digital innovations that are based on blockchain technology and to indicate, erroneously, a phase of austria phone data evolution of the web (web 1.0, 2.0).
In Web 2.0 there are limits related to centralization. Even if users are free to create, share content and interact with each other, they must comply with a series of regulations that are imposed by the platforms.
Web3 , on the other hand, is based, first of all, on decentralization and ownership of content. Everything that creators and artists produce is, in fact, their property and they can decide whether to monetize it and how to do it.
We can therefore talk about Web3 not as an evolution of Web 2.0 but as a very broad concept that includes different elements united by blockchain technology. The latter is placed, by Web3, at the base of existing technologies: Artificial Intelligence and Internet of things.
How does it work and what are its features?
In Web3, contents or services are no longer within servers or platforms owned by companies or multinationals, but are distributed homogeneously across the entire network.
Content is no longer owned by platforms like Tik Tok or Instagram, but would remain with the legitimate authors. Even devices no longer connect to central servers but to distributed registries where it is possible to find and use all the information desired.