With an influx in the talks about crypto and blockchain, several tech terms are making rounds. One of them is Web3. What is it, and why should you care about it?
In this video, TikTok influencer ENSPYRE, who works full-time in Web3, explains the meaning and use cases of Web3.
He breaks down the evolution of the Internet into three phases - Web1, Web2, and Web3.
Web1 included static websites — you couldn’t log in or comment on the website; there was no interactivity. Hence, it was called a read-only web.
Web2 is today’s Internet phase. There is a rise in user-generated content and big tech. You can see a fundamental shift in social media platforms, such as Instagram, YouTube, TikTok, and Twitter, where you can create content and interact with others. However, the issue with Web2 is the centralization of big tech companies. They use your data to manipulate you.
Web3 aims to take the decentralization that existed in Web1 and the user participation from Web2 and create a better Internet. It uses blockchain technology. Instead of all of your data remaining on a centralized server, it is now peer-to-peer. It removes the need for a middle man — you can send money without going through a bank server and share information that won’t be stored on a company’s server.
Web2 makes you the product — tech companies make millions of dollars off your data. But in Web3, you are the owner of your data. Moreover, you are rewarded for your participation in it.
Keep visiting this space for more Web3 information from industry experts.
Source: https://www.tiktok.com/@enspyreinvesting/video/7076856156131626286
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Published by: Agnes Zang
Source: kisspr
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