Web3 in a nutshell
Mar 13, 2024
Web3 is the new phase of internet where different technologies intersect to change the way we use internet forever.
Web 3.0 will be different in the sense that most applications will use decentralized storage options.
Generally, Web 1 is where only few people produced content and normal internet user can only consume the content like read an article or watch a video posted by some authority.
In Web 2, people started using social media applications like Instagram to post images/videos and other websites/apps like YouTube to upload videos.
Technologies used in Web 3.0
- Blockchain
- NFTs
- Crypto currencies
- XR (combination of VR and AR)
- Smart contracts
- Metaverse
