What Is Web3? And Why It Matters

The internet was originally designed to ensure that physicists around the world could share information in a manner that did not require everyone to function on the same hardware and software. What started as a small vision of Tim Berners-Lee in 1991 has grown into the technology that powers our everyday life. The original vision of those who wished to offer users the ability to communicate freely across the globe has turned into a highly profitable technology for a handful of large corporations.

Today, a new evolution in the form and function of the internet is emerging, known as Web3 or Web 3.0. This latest iteration of the internet turns the methodology of how the internet works upside down, taking what has turned into a machine churning out corporate profits and transforming it into a user-focused, decentralized experience. Powered by the latest advancements in technology, Web3 is quickly becoming the central topic when discussing the future of the internet. For those interested in harnessing the power of this revolutionary concept, the following guide will walk through the basics of Web3, as well as the importance of this advancement in the internet.

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