What Is Web 3.0 and How Web 3.0 is going to impact the World? | Crypto Minders
Channel: Crypto Minders
Date: 2022-01-09

What Is Web 3.0 and How Web 3.0 is going to impact the World? | Crypto Minders

Web3 (also known as Web 3.0 and sometimes stylized as web3) is an idea for a new iteration of the World Wide Web-based on blockchains, which incorporates concepts including decentralization and token-based economics. Some technologists and journalists have contrasted it with Web 2.0, wherein they say data and content are centralized in a small group of companies sometimes referred to as "Big Tech". The term was coined in 2014 by Ethereum co-founder Gavin Wood, and the idea gained interest in 2021 from cryptocurrency enthusiasts, large technology companies, and venture capital firms.

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