Web3 Web3, as it is most widely used today, refers to another idea for the "next level" evolution of the internet, but one which is tied to concepts involving decentralization, blockchain technology, and cryptocurrencies. This is confusing because another group of ideas exists, which is labeled "web 3.0", proposed by Tim Berners-Lee – the man often referred to as the father of the World Wide Web. As with the term "metaverse," both web3 and web 3.0 refer to what the internet may evolve into. And although the ideas are somewhat related and not necessarily mutually exclusive, they each describe different things! Confused? Don’t worry, so is everyone else! Specifically, though, web3 looks forward to an internet where power and ownership aren't centralized in large corporations that ultimately own the servers where data is stored, and software programs are executed. For example, many believe that large social network companies like Facebook and Twitter ho...
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