What Is Web3 Explained Simply
To understand Web3, it helps to rewind. Web1, the internet of the 1990s, was basically a giant library of static pages. You could read information, but you couldn’t really interact with it. The Web2 explosion of the 2000s gave us social media, streaming and apps. It was the “read write” era where users could create and share content. But here’s the catch: big companies owned the platforms, controlled the data, and set the rules.
Web3 is the next chapter. It’s often described as the “read write own” web. Instead of corporations holding all the power, Web3 is built on decentralization. That means no one company is in control of the system. It is based on blockchain technology, the same technology that powers cryptocurrencies such as bitcoin and Ethereum. In Web3, you don’t just use the internet, you own a piece of it.
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