Key Takeaways

  • Web1 (Read): Static websites. You could only read information.
  • Web2 (Read-Write): Social Media. You create content, but Facebook owns it.
  • Web3 (Read-Write-Own): You own your content and data via Blockchain tokens.

The current internet is broken. A few massive companies (Google, Meta, Amazon) control nearly all traffic. Web3 is the movement to decentralize the web again.

Decentralized Identity (DID)

Right now, you use "Login with Google" everywhere. If Google bans you, you lose access to Spotify, Airbnb, and YouTube.
In Web3, you log in with your Wallet (like MetaMask). You own your identity. No one can ban you from the blockchain.

The Metaverse

It's not just VR headsets. It's about legitimate digital ownership. If you buy a digital shirt in Fortnite today, you can't sell it, and you can't wear it in Call of Duty. In an open Metaverse, that shirt is an NFT (token) that exists in your wallet, not on Epic Games' servers. You can take it anywhere.

The Risks of Web3

"With great power comes great responsibility." In Web3, there is no "Forgot Password" button. If you lose your private key (seed phrase), your money and identity are gone forever. There is no customer support to call.

Frequently Asked Questions (FAQ)

is Web3 a scam?
There are many scams IN Web3 (rug pulls, fake coins), but the technology itself (decentralized distribution) is sound and solving real problems of censorship and ownership.
Will Facebook run the Metaverse?
They want to (that's why they renamed to Meta). But a true Metaverse must be open and interoperable, not a "walled garden" controlled by one CEO. Ideally, it will be built on open standards.

Understand the tech behind it.
Read Blockchain Deep Dive