What is Web3? A Glimpse into the Future of the Next-Gen Internet

Have you heard of Web3?
Technically speaking, it refers to the “decentralized, next-generation internet.” This concept is expected to transform how we interact online, and I am very excited about the potential it brings.

Understanding the Differences: Web1, Web2, and Web3

Since there is a Web3, you may wonder about Web1 and Web2, and indeed, both have distinct roles:

• Web1
  Web1 represents the early internet, where information was communicated in a one-way direction from creators to users.
  A typical example is a company’s homepage, where information flows from the company to the audience.
• Web2
  Web2 is the “interactive internet,” which allows two-way communication.
  Social media is a prime example of Web2, where people can engage and share content interactively.
  The difference between Web1 and Web2 lies in the direction of interaction; while Web1 was one-way, Web2 allows mutual exchange.

Now, let’s dive into what Web3 is all about.

What is Web3?

Web3 is known as the “decentralized next-generation internet,” which is set to reshape the current structure of the online world.
With Web3, we see the internet moving toward a more decentralized structure, where individual users hold greater control over their interactions and data.

Key Features of Web3

1. Decentralization
   Unlike Web2, where intermediaries like banks or credit card companies manage transactions, Web3 enables direct exchanges through digital currencies such as cryptocurrencies.
2. Self-Custody of Digital Assets
   In Web2, data is managed by centralized platforms like social media.
   In contrast, Web3 stores data on the blockchain, allowing individuals to fully manage their data.
   This decentralization gives people more freedom in sharing and accessing information without the influence of platform control.
3. DAO (Decentralized Autonomous Organization)
   A DAO is an organization that operates without a central manager, relying on members’ votes to make decisions. DAOs offer a transparent, democratic alternative to traditional organizations or companies.

How Web3 Will Shape the Future

As this new internet model gains traction, everyday transactions, information management, and organizational structures will become more flexible and user-driven, potentially transforming society.
By 2030 and beyond, Web3 concepts could dramatically change how we live and work.

I’ll be sharing more information about Web3 on this blog, so if you’re interested, stay tuned!