#Write2Earn Web3 is the next iteration of the World Wide Web that incorporates blockchain technologies and token-based economics. It is a decentralized web that promises to transform the experience of being online as dramatically as PCs and smartphones did. Web3 includes cryptocurrencies, NFTs, DAOs, decentralized finance, and more. The Web3 Foundation funds research and development teams who are building the foundation of the decentralized web. Web3 is being developed using new types of technology such as blockchain, which is a digitally distributed, decentralized ledger that facilitates recording of transactions.