The internet has changed the way we live, work and relate to each other. However, the internet as we know it today is based on a centralized model, in which a small group of companies control most of the infrastructure and data.
Web3, or decentralized web, is a new vision for the internet that aims to break with this centralized model. Web3 is based on blockchain technology, which allows the creation of secure, transparent and distributed systems.
Web3 has the potential to revolutionize the way we connect and interact with the digital world. Here are some examples of how Web3 is being used:
Decentralized finance (DeFi): DeFi allows people to make financial transactions without the need for banks or other traditional financial institutions.
Decentralized applications (dApps): dApps are applications that run on the blockchain and are not controlled by a single entity.
NFTs:Â NFTs are non-fungible tokens that can be used to represent digital items such as artwork, music, or gaming items.
Web3 is still in its early stages of development, but it has the potential to make a significant impact on the way we live and work.
